//
Also known as: FOUNDATION INC
Work at this foundation?
Claim this profile to edit this page and see interest from grant seekers.
Alexander William Stearn Foundation Inc. is a private corporation based in RESTON, VA. The foundation received its IRS ruling in 1986. It holds total assets of $1.1M. Annual income is reported at $474K. The foundation is governed by 4 officers and trustees. Provides scholarship grants to enable high school graduates to obtain a college education. Tax records are available from 2021 to 2024. Grantmaking is concentrated in Maryland. According to available records, Alexander William Stearn Foundation Inc. has made 12 grants totaling $90K, with a median grant of $5K. Annual giving has grown from $20K in 2021 to $30K in 2023. Grantmaking activity was highest in 2022 with $40K distributed across 6 grants. Individual grants have ranged from $2K to $20K, with an average award of $8K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Maryland. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$4K
Average Grant
$7K
Largest Grant
$12K
Based on 3 grants from the most recent 990-PF filing.
Provides scholarship grants to enable high school graduates to obtain a college education.
Expenses: $46K
Provides scholarship grants to enable high school graduates to obtain a college education. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in MD.
Alexander William Stearn Foundation Inc. has distributed a total of $90K across 12 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $2K to $20K.
The application deadline is NO DEADLINES EXIST. Applicants are limited to graduating seniors of lake clifton senior high school in baltimore, maryland or other education based tax exempt organizations.
Alexander William Stearn Foundation Inc. is headquartered in RESTON, VA.
Track this funder — get alerted when new grants match
Get a free weekly digest of new grant opportunities as they're added to Granted. Unsubscribe anytime.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jeanne Firey | PRESIDENT | $0 | $0 | N/A |
| Andrea Usiak | TREASURER | $0 | $0 | N/A |
| Doug Harris | SECRETARY | $0 | $0 | N/A |
| Karen R Mullins | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$57K
Total Assets
$1.1M
Fair Market Value
$1.3M
Net Worth
$1.1M
Grants Paid
$35K
Contributions
N/A
Net Investment Income
$107K
Distribution Amount
$57K
Total: $48K
Total Grants
12
Total Giving
$90K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
4
Most Common Grant
$4K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Morgan State UniversityEDUCATIONAL SCHOLARSHIPS | Baltimore, MD | $20K | 2023 |
| Towson UnversityEDUCATIONAL SCHOLARSHIPS | Towson, MD | $5K | 2023 |
| Bowie State UniversityEDUCATIONAL SCHOLARSHIPS | Bowie, MD | $5K | 2023 |
| Anne Arundel Community CollegeEDUCATIONAL SCHOLARSHIPS | Arnold, MD | $4K | 2022 |