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Michael And Karen Stone Family Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2003. The principal officer is Foundation Source. It holds total assets of $63.3M. Annual income is reported at $20.2M. Total assets have grown from $8.3M in 2011 to $63.3M in 2024. The foundation is governed by 2 officers and trustees. Foundation hired contractors to plan and drill wells for 3 villages in africa. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in California, North Carolina and New York. According to available records, Michael And Karen Stone Family Foundation Inc. has made 96 grants totaling $6.9M, with a median grant of $20K. Annual giving has grown from $1.9M in 2021 to $2.5M in 2023. Individual grants have ranged from $250 to $953K, with an average award of $72K. The foundation has supported 53 unique organizations. The foundation primarily supports organizations in North Carolina, California, Massachusetts, which account for 60% of all grants. Grantmaking reaches organizations across 18 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$25K
Average Grant
$81K
Largest Grant
$560K
Based on 23 grants from the most recent 990-PF filing.
Foundation hired contractors to plan and drill wells for 3 villages in africa
Expenses: $16K
Foundation hired contractors to plan and drill wells for 3 villages in africa. Based on available records, the foundation has funded 96 grants. Its grantmaking reaches organizations primarily in NC, CA, MA.
Michael And Karen Stone Family Foundation Inc. has distributed a total of $6.9M across 96 grants. The median grant size is $20K, with an average of $72K. Individual grants have ranged from $250 to $953K.
Michael And Karen Stone Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Michael And Karen Stone Family Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 18 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael R Stone | Pres, Dir, Sec | $0 | $0 | N/A |
| Karen M Stone | Dir | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$63.3M
Fair Market Value
N/A
Net Worth
$63.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
96
Total Giving
$6.9M
Average Grant
$72K
Median Grant
$20K
Unique Recipients
53
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Harvard Business School35th Reunion Gift - Designation TBD - HBS Holding Fund Acct# 430-360043 | Boston, MA | $250K | 2022 |
| Duke UniversityStone Family scholarship fund, FUQUA School of Business annual fund, Lily Renovation Reserve fund, Stone-Ubben professorship fund, and Climate Literacy fund | Durham, NC | $953K | 2023 |
| Regents Of The University Of MichiganMaize & Blue Cupboard Fund | Ann Arbor, MI | $150K | 2023 |
| Bishops SchoolAnnual Fund | La Jolla, CA | $50K | 2023 |
| Voices For ChildrenGeneral & Unrestricted | San Diego, CA | $46K | 2023 |
| Big Brothers Big Sisters Of San Diego County IncGeneral & Unrestricted | San Diego, CA | $46K | 2023 |
| Shelburne FarmsGeneral & Unrestricted | Shelburne, VT | $46K | 2023 |
| Library Of CongressGeneral & Unrestricted | Washington, DC | $25K | 2023 |
| U C San Diego FoundationScripps Ocean Acidification Monitoring Program Fund | La Jolla, CA | $25K | 2023 |
| Climate Vault IncGeneral & Unrestricted | Chicago, IL | $20K | 2023 |
| Hotchkiss SchoolThe Hotchkiss Fund effort | Lakeville, CT | $5K | 2023 |
| The Gillispie SchoolGeneral & Unrestricted | La Jolla, CA | $3K | 2023 |
| Jewish Community Foundation Of San DiegoLFJCC - Shabbat San Diego | San Diego, CA | $2K | 2023 |
| Boys To Men Mentoring Network IncGeneral & Unrestricted | Spring Valley, CA | $2K | 2023 |
| National Audubon Society IncGeneral & Unrestricted | Audubon, PA | $1K | 2023 |
| Wilderness Safaris Wildlife TrustGeneral & Unrestricted | Rivonia Johannesburg | $300K | 2022 |
| Rady Childrens Hospital - San DiegoTo be used at the discretion of the CEO Patrick Frias, MD | San Diego, CA | $250K | 2022 |
| Uc San Diego FoundationTo support Scripps Institution of Oceanography and to be used at the discretion of the SIO Director (Fund E1654). | La Jolla, CA | $75K | 2022 |
| Dakshana FoundationGeneral & Unrestricted | Irvine, CA | $50K | 2022 |
| Indiana University Of PennsylvaniaGeneral & Unrestricted | Indiana, PA | $50K | 2022 |
| Stanford University - Hoover InstitutionHoover Council Leadership Circle | Stanford, CA | $25K | 2022 |
| Camp Southern Ground IncGeneral & Unrestricted | Fayetteville, GA | $25K | 2022 |
| Neurolab 360General & Unrestricted | Encinitas, CA | $14K | 2022 |
| Norwalk Stamford Grassroots Tennis & Education IncGeneral & Unrestricted | Norwalk, CT | $10K | 2022 |
| Skidmore CollegeGeneral & Unrestricted | Saratoga Spgs, NY | $10K | 2022 |
| Rady Childrens Hospital Foundation- San DiegoGeneral & Unrestricted | San Diego, CA | $10K | 2022 |
| Shelburne Museum IncorporatedGeneral & Unrestricted | Shelburne, VT | $10K | 2022 |
| Project Concern InternationalUkraine humanitarian response fund | San Diego, CA | $10K | 2022 |