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Max Stenbeck Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2020. The principal officer is Skadden Arps Et Al. It holds total assets of $14.4M. Annual income is reported at $3M. Total assets have grown from $3.2M in 2021 to $12.9M in 2023. The foundation is governed by 2 officers and trustees. Supporting bold, high-impact efforts to advance medical innovation, protect and educate vulnerable children, and back frontier technologies with a conscience. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. Grantmaking is concentrated in Global. According to available records, Max Stenbeck Foundation has made 3 grants totaling $25.4M, with a median grant of $250K. Annual giving has decreased from $25M in 2021 to $400K in 2023. Individual grants have ranged from $150K to $25M, with an average award of $8.5M. The foundation has supported 3 unique organizations. Grants have been distributed to organizations in California and New York. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Supporting bold, high-impact efforts to advance medical innovation, protect and educate vulnerable children, and back frontier technologies with a conscience. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in CA, NY.
Max Stenbeck Foundation has distributed a total of $25.4M across 3 grants. The median grant size is $250K, with an average of $8.5M. Individual grants have ranged from $150K to $25M.
Max Stenbeck Foundation typically selects its grantees rather than accepting unsolicited proposals.
Max Stenbeck Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Henry Guy | DIRECTOR | $0 | $0 | N/A |
| Cristina Stenbeck | PRESIDENT/TREASURER/SECRETARY/DIRECTOR | $0 | $0 | N/A |
Total Giving
$442K
Total Assets
$12.9M
Fair Market Value
$11.6M
Net Worth
$12.9M
Grants Paid
$400K
Contributions
$10.1M
Net Investment Income
$159K
Distribution Amount
$526K
Total: $10.3M
Total Grants
3
Total Giving
$25.4M
Average Grant
$8.5M
Median Grant
$250K
Unique Recipients
3
Most Common Grant
$150K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Girl Effect IncGENERAL | New York, NY | $250K | 2023 |
| Pennys Flight Foundation IncGENERAL | Glen Cove, NY | $150K | 2023 |
| Beyond Type 1PROGRAM SUPPORT | San Carlos, CA | $25M | 2021 |