Robert F Stone Foundation
- Assets
- $18.4m
- Revenue
- $1.8m
- Investments
- $17.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 83-2115462
Organization Overview
Robert F Stone Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Robert F Stone 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 12/2021, Robert F Stone Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (34.6%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert F Stone Foundation has awarded 164 individual grants totaling $3,252,666. 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 |
|---|---|---|---|
Michael Pollock Dir | 1 | $92,560 | |
Lee Towery Dir, Sec | 1 | $16,410 | |
Danna Bailey Dir | 1 | $0 | |
Keith Sanford Dir | 1 | $0 | |
Bryan Patten Dir | 1 | $0 | |
David Brock Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patten & Patten Inc | 12/30/21 | $56,395 |
Foundation Source | 12/30/21 | $57,253 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $163,663 |
| Interest on Savings | $1,997 |
| Dividends & Interest | $323,576 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $846,711 |
| Capital Gain Net Income | $952,939 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $509,175 |
| Total Revenue | $1,845,122 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $108,970 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $8,336 |
| Interest | $0 |
| Taxes | $12,699 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $577 |
| Printing and publications | $0 |
| Other expenses | $59,561 |
| Total operating and administrative expenses | $289,735 |
| Contributions, gifts, grants paid | $2,215,083 |
| Total expenses and disbursements | $2,504,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $545,429 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,391,395 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Robert F Stone Foundation has awarded $2,215,083 in support to 97 organizations.
| Grant Recipient | Amount |
|---|---|
Chattanooga, TN PURPOSE: ASSISTANCE COVERING GENERAL OPERATIONS LOSSES DUE TO THE COVID-19 PANDEMIC | $200,000 |
Chattanooga, TN PURPOSE: JOLI ANDERSON SCHOLARSHIP FUND | $200,000 |
Chattanooga, TN PURPOSE: MI CASA ES TU CASA CAPITAL CAMPAIGN | $100,000 |
Ooltewah, TN PURPOSE: HOWARD CONNECT, HOWARD HIGH MULTI-MEDIA EDUCATION PROGRAMMING | $100,000 |
YOUNG WOMENS LEADERSHIP ACADEMY FOUNDATION INC PURPOSE: MONTESSORI ELEMENTARY @ HIGHLAND PARK CAPITAL CAMPAIGN | $80,000 |
Chattanooga, TN PURPOSE: EMPLOYER-BASED SMALL LOAN PROJECT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
Crystal Trust Ua Dtd 12-25-47 Irenee Dupont Jr Ttee Montchanin, DE | $288,226,063 | $32,506,410 |
Morgridge Family Foundation Wilmington, DE | $205,419,134 | $22,580,458 |
GDS Legacy Foundation Inc Wilmington, DE | $0 | $575,846 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Foundation For The Greatest Good Fulton, MD | $11,551,864 | $19,462,876 |
Young Mens Christian Association Of The Chesapeake Inc Easton, MD | $84,208,847 | $28,289,184 |
Living Legacy Foundation Wilmington, DE | $129,501,628 | $9,577,224 |
The Healey International Relief Foundation Inc Lumberton, NJ | $326,937 | $11,415,022 |
Zachary Smith Reynolds Trust Pittsburgh, PA | $187,892,547 | $20,789,622 |