The Linda B And Howard S Stern Family Foundation
- Assets
- $5.1m
- Revenue
- $225.4k
- Investments
- $4.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2123103
Organization Overview
The Linda B And Howard S Stern Family Foundation is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Linda B And Howard S Stern Family 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 12/2021, Linda B And Howard S Stern Family Foundation generated $225.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $548.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Linda B And Howard S Stern Family Foundation has awarded 76 individual grants totaling $1,692,937. 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 |
|---|---|---|---|
Seth F Stern Director | 3 | $0 | |
Rachel Stern Graham Director | 3 | $0 | |
Linda Stern President | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $45 |
| Dividends & Interest | $109,687 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,032 |
| Capital Gain Net Income | $111,032 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,664 |
| Total Revenue | $225,428 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $49 |
| Taxes | $3,808 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $93,433 |
| Total operating and administrative expenses | $104,365 |
| Contributions, gifts, grants paid | $444,212 |
| Total expenses and disbursements | $548,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $575 |
| Savings and temporary cash investments | $218,588 |
| 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 | $10,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,091,389 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, The Linda B And Howard S Stern Family Foundation has awarded $444,212 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
NYU LANGONE-GROSSMAN SCHOOL OF MEDICINE PURPOSE: PROVIDES FUNDS FOR MEDICAL RESEARCH AND FUNDS FOR THE SCHOOL OPERATIONS | $100,000 |
HATZOLAH PURPOSE: PROVIDES VOLUNTARY EMERGENCY MEDICAL SERVICES TO THE COMMUNITY | $35,000 |
DAMON RUNYON CANCER RESEARCH FOUNDATION PURPOSE: CANCER RESEARCH | $30,000 |
Madison, WI PURPOSE: LETTERS AND SCIENCE CAREER INITIATIVE FUND | $30,000 |
New York, NY PURPOSE: PROVIDES EDUCATION IN A RECREATION SETTING FOR CHILDREN IN CITY PARKS | $30,000 |
Brooklyn, NY PURPOSE: TO FEED THOSE NEW YORKERS WHO ARE FOOD-INSECURE | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comic Relief Inc New York, NY | $28,941,799 | $35,831,552 |
Anabaptist Foundation Lewisburg, PA | $47,495,861 | $36,276,504 |
The Lenfest Inst For Journalism Spe Asset Fund Of The Phl Foundation Philadelphia, PA | $99,634,192 | $14,397,650 |
Givinga Foundation Inc Wellesley, MA | $2,876,364 | $15,849,424 |
Justgive Inc Weston, CT | $5,012,575 | $11,301,311 |
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
Yougivegoods Foundation Inc Mendham, NJ | $162,103 | $4,310,625 |
Passavant Hospital Foundation Pittsburgh, PA | $52,435,888 | $5,249,843 |