Bernice and Milton Stern Foundation
Bernice and Milton Stern Foundation is a private foundation focused on Arts and culture, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. In 2024, it awarded 5 grants totaling $6.0M. Net investment income was $2.3M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$6.0M
+491.8% YoY
Grant Count
5
-37.5% YoY
Avg Grant Size
$1.2M
+846.9% YoY
Under IRS private-foundation payout rules, Bernice and Milton Stern Foundation reported a distributable amount of $317K for 2024 — the minimum it must pay out in qualifying distributions.
About Bernice and Milton Stern Foundation
Based on IRS filings
Bernice and Milton Stern Foundation is a private foundation focused on Arts and culture, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. In 2024, it awarded 5 grants totaling $6.0M. Net investment income was $2.3M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $3,339,291 | $4,047,522 |
| Revenue | $2,346,708 | $394,866 | $587,038 |
| Expenses | $6,049,179 | $1,139,440 | $1,228,541 |
| Qualifying Distributions | $5,987,765 | $1,076,107 | $1,135,329 |
| Net Investment Income | $2,270,189 | $301,179 | $472,011 |
| Distributable Amount | $316,678 | $299,694 | $377,571 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pesky Family Foundation ($1,501,142), The Robert Stern Family Foundation ($1,488,642), The Morris & Bessie Altman Foundation ($1,488,642).
| Recipient | Purpose | Amount |
|---|---|---|
| BIRD ON A CLIFF THEATRE COMPANY WOODSTOCK, NY | TO FUND CHARITABLE EXEMPT PURPOSE | $10,000 |
| THE ROBERT STERN FAMILY FOUNDATION NEW YORK, NY | TO FUND CHARITABLE EXEMPT PURPOSE | $1,488,642 |
| THE BIG WOOD FOUNDATION NEW YORK, NY | TO FUND CHARITABLE EXEMPT PURPOSE | $1,488,641 |
| PESKY FAMILY FOUNDATION MIAMI BEACH, FL | TO FUND CHARITABLE EXEMPT PURPOSE | $1,501,142 |
| THE MORRIS & BESSIE ALTMAN FOUNDATION SHELBURNE, VT | TO FUND CHARITABLE EXEMPT PURPOSE | $1,488,642 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WENDY PESKY | V. PRES | — | — |
| PETER STERN | DIRECTOR | — | — |
| ROBERT STERN | DIRECTOR | — | — |
| MICHAEL STERN | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bernice and Milton Stern Foundation?
Bernice and Milton Stern Foundation is a private foundation focused on Arts and culture, based in NEW YORK, NY. It holds — in total assets as of 2024.
Where does Bernice and Milton Stern Foundation operate?
Bernice and Milton Stern Foundation has awarded grants in California, Florida, Idaho, New Hampshire, New York, Vermont.
What size grants does Bernice and Milton Stern Foundation award?
In 2024, Bernice and Milton Stern Foundation awarded 5 grants totaling $6.0M — an average of about $1.2M per grant, based on its IRS Form 990 filings.
How much is Bernice and Milton Stern Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bernice and Milton Stern Foundation reported a distributable amount of $317K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bernice and Milton Stern Foundation's EIN?
Bernice and Milton Stern Foundation's EIN (Employer Identification Number) is 51-0264122. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bernice and Milton Stern Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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