Stern Family Philanthropic Foundation
- Assets
- $0.0
- Revenue
- $3.5m
- Investments
- $7.3m
- Employees
- 0
- Location
- Harrison, NY
- Founding
- 06/1998
- Data as of
- 11/2021
- EIN
- 13-3949201
Organization Overview
Stern Family Philanthropic Foundation is located in Harrison, NY. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stern Family Philanthropic Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Stern Family Philanthropic Foundation generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $759.4k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Stern Family Philanthropic Foundation has awarded 192 individual grants totaling $7,334,877. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stern Chmn/dir | 1 | $0 | |
Jane Stern Pres/dir | 0.25 | $0 | |
Peter Stern Treas/dir | 0.25 | $0 | |
David Stern Secy/dir | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $172,455 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,477,666 |
| Total Revenue | $3,503,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $237,583 |
| Contributions, gifts, grants paid | $521,783 |
| Total expenses and disbursements | $759,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,940 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $7,821,588 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Stern Family Philanthropic Foundation has awarded $1,596,043 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
MEMORIAL SLOAN KETTERING PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
HUNGER TASK FORCE PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
QUAKER RIDGE EMPLOYEE CHARITY FUND INC PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
CONNECTICUT COLLEGE PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
UNITED WAY PURPOSE: CHARITABLE CONTRIBUTION | $35,000 |
MANHATTAN THEATRE CLUB PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |