W Clement & Jessie V Stone Foundation
- Assets
- $120.5m
- Revenue
- $534.5k
- Investments
- $115.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 10/1965
- Data as of
- 12/2020
- EIN
- 36-2498125
Organization Overview
W Clement & Jessie V Stone Foundation is located in Chicago, IL. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. W Clement & Jessie V 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 12/2020, W Clement & Jessie V Stone Foundation generated $534.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $5.9m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, W Clement & Jessie V Stone Foundation has awarded 350 individual grants totaling $14,800,000. 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 |
|---|---|---|---|
Name Not Listed Board Member | 1 | $0 | |
Pamela Calvert Dir. Of Finance/ops. | 40 | $125,043 | |
Brandon Thorne Sr. Program Officer | 40 | $107,172 | |
Brian K Dixon Grant Man/prgrm Off. | 40 | $85,845 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 12/30/21 | $236,168 |
Crowe Llp | 12/30/21 | $59,247 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $892,024 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$430,799 |
| Capital Gain Net Income | $3,154,799 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,241 |
| Total Revenue | $534,466 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $219,459 |
| Other employee salaries and wages | $325,726 |
| Pension plans, employee benefits | $205,729 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $39,653 |
| Travel, conferences, and meetings | $12,201 |
| Printing and publications | $0 |
| Other expenses | $45,251 |
| Total operating and administrative expenses | $1,163,152 |
| Contributions, gifts, grants paid | $4,778,331 |
| Total expenses and disbursements | $5,941,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $566,502 |
| Savings and temporary cash investments | $3,911,215 |
| Net Accounts receivable | $133,450 |
| 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 | $96,928 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $87,929,603 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $120,505,610 |
| Accounts payable and accrued expenses | $118,801 |
| 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 | $625,006 |
| Total liabilities | $743,807 |
Grants Awarded
Over the last fiscal year, W Clement & Jessie V Stone Foundation has awarded $5,027,950 in support to 113 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
Chicago, IL PURPOSE: ERIKSON INSTITUTE'S EARLY TEACHING AND LEARNING ACADEMY AND POLICY AND LEADERSHIP DEPARTMENT | $140,000 |
Oakland, CA PURPOSE: GENERAL OPERATING SUPPORT | $130,000 |
New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $120,000 |
Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT | $115,000 |
Santa Cruz, CA PURPOSE: GENERAL OPERATING SUPPORT | $110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |