Robert F Stone Foundation
- Assets
- $20.9m
- Revenue
- $6.9m
- Investments
- $20.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2019
- Data as of
- 12/2023
- 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 12/2023, Robert F Stone Foundation generated $6.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Robert F Stone Foundation has awarded 350 individual grants totaling $8,651,873. 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 |
|---|---|---|---|
Danna Bailey Dir | 1 | $0 | |
David Brock Dir | 1 | $0 | |
Thomas H Hopper Pres | 1 | $0 | |
Bryan Patten Dir | 1 | $0 | |
Michael Pollock Dir | 40 | $92,500 | |
Keith Sanford Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bowen Hanes & Co | 12/30/23 | $51,339 |
Foundation Source | 12/30/23 | $52,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,858,682 |
| Interest on Savings | $9,571 |
| Dividends & Interest | $435,351 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$509,392 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $86,201 |
| Total Revenue | $6,880,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $92,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,076 |
| Interest | $0 |
| Taxes | $13,139 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,938 |
| Printing and publications | $0 |
| Other expenses | $52,834 |
| Total operating and administrative expenses | $267,948 |
| Contributions, gifts, grants paid | $2,859,794 |
| Total expenses and disbursements | $3,127,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $416,313 |
| Net Accounts receivable | $1,786 |
| 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 | $20,918,850 |
| 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 $2,859,794 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
A STEP AHEAD FOUNDATION CHATTANOOGA INC PURPOSE: GENERAL & UNRESTRICTED | $37,250 |
ALICE FUND PURPOSE: FURBALL FUND | $1,000 |
ANIMAL CARE TRUST PURPOSE: COMPREHENSIVE PET SAFETY-NET PROJECT | $105,000 |
BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA PURPOSE: GENERAL & UNRESTRICTED | $3,750 |
BETTERFI PURPOSE: TO SUPPORT BETTERFI EXPANSION TO CHATTANOOGA, TN | $25,764 |
BIG BROTHERS BIG SISTERS OF GREATER CHATTANOOGA PURPOSE: CHARITABLE EVENT | $500 |