Aaron And Betty Lee Stern Foundation
- Assets
- $4.0m
- Revenue
- $919.8k
- Investments
- $2.2m
- Employees
- 0
- Location
- Greenwich, CT
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-0771357
Organization Overview
Aaron And Betty Lee Stern Foundation is located in Greenwich, CT. The organization was established in 2010. 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. Aaron And Betty Lee Stern 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 12/2022, Aaron And Betty Lee Stern Foundation generated $919.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $595.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Aaron And Betty Lee Stern Foundation has awarded 93 individual grants totaling $7,330,913. 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 |
|---|---|---|---|
Jennifer Klein Trustee | 0.25 | $0 | |
Betty Lee Stern Trustee | 0.5 | $0 | |
Lauren Rosenkranz Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,764 |
| Dividends & Interest | $1,136 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $900,892 |
| Capital Gain Net Income | $900,892 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $919,792 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $139 |
| Taxes | $30,724 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $35,863 |
| Contributions, gifts, grants paid | $560,000 |
| Total expenses and disbursements | $595,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $898,041 |
| 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 | $444,178 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $820,363 |
| Total assets | $3,964,902 |
| 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, Aaron And Betty Lee Stern Foundation has awarded $560,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
WHITNEY MUSEUM OF AMERICAN ART PURPOSE: SUPPORT OF THE ORGANIZATION'S MISSION | $15,000 |
DAVID LYNCH FOUNDATION PURPOSE: SUPPORT OF THE ORGANIZATION'S MISSION | $150,000 |
WEIL CORNELL MEDICAL C PURPOSE: SUPPORT OF THE ORGANIZATION'S MISSION | $125,000 |
UNIVERSITY OF PENNSYLVANIA PURPOSE: SUPPORT OF THE ORGANIZATION'S MISSION | $70,000 |
CONTRIBUTIONS LESS THAN 5000 PURPOSE: SUPPORT OF THE ORGANIZATION'S MISSION | $5,000 |
UJA FEDERATION OF NEW YORK PURPOSE: SUPPORT OF THE ORGANIZATION'S MISSION | $35,000 |