Claudia Hearn & Edward Stern Foundation
Claudia Hearn & Edward Stern Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 7 grants totaling $30K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$152K
-5.8% YoY
Annual Giving
$30K
-25.0% YoY
Grant Count
7
-30.0% YoY
Avg Grant Size
$4K
+7.1% YoY
Under IRS private-foundation payout rules, Claudia Hearn & Edward Stern Foundation reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Claudia Hearn & Edward Stern Foundation
Based on IRS filings
Claudia Hearn & Edward Stern Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $152K in total assets. In 2024, it awarded 7 grants totaling $30K. Net investment income was $23K.
Focus Areas
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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 | $152,351 | $161,723 | $188,187 |
| Revenue | $22,549 | $15,452 | $-1,682 |
| Expenses | $31,921 | $41,916 | $38,105 |
| Qualifying Distributions | $31,906 | $41,904 | $37,900 |
| Net Investment Income | $22,534 | $15,440 | $2,709 |
| Distributable Amount | $11,203 | $11,465 | $13,113 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Carter Center ($10,000), Institute for the Musical Arts ($5,000), Worcester Polytechnic Institute ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BALL & SOCKET ARTS CHESHIRE, CT | OPERATIONAL | $3,000 |
| INSTITUTE FOR THE MUSICAL ARTS WILLIAMSBURG, MA | OPERATIONAL | $5,000 |
| SAGE NEW YORK, NY | OPERATIONAL | $1,000 |
| SMILE TRAIN WASHINGTON, DC | OPERATIONAL | $1,000 |
| THE CARTER CENTER ATLANTA, GA | OPERATIONAL | $10,000 |
| WORCESTER POLYTECHNIC INSTITUTE WORCESTER, MA | OPERATIONAL | $5,000 |
| HUDSON VALLEY LGBTQ & CC KINGSTON, NY | OPERATIONAL | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD STERN | TRUSTEE | 5 | — |
| CLAUDIA HEARN | TRUSTEE | 5 | — |
| BESSEMER TRUST COMPANY | CORPORATE TRUSTEE | 5 | $23 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Claudia Hearn & Edward Stern Foundation?
Claudia Hearn & Edward Stern Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $152K in total assets as of 2024.
How large is Claudia Hearn & Edward Stern Foundation?
As of 2024, Claudia Hearn & Edward Stern Foundation holds $152K in total assets with $23K in annual revenue. It awarded 7 grants totaling $30K in 2024.
Where does Claudia Hearn & Edward Stern Foundation operate?
Claudia Hearn & Edward Stern Foundation has awarded grants in California, Connecticut, District of Columbia, Georgia, Massachusetts, New York, Rhode Island, Texas.
What size grants does Claudia Hearn & Edward Stern Foundation award?
In 2024, Claudia Hearn & Edward Stern Foundation awarded 7 grants totaling $30K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Claudia Hearn & Edward Stern Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Claudia Hearn & Edward Stern Foundation reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Claudia Hearn & Edward Stern Foundation's EIN?
Claudia Hearn & Edward Stern Foundation's EIN (Employer Identification Number) is 31-6675328. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Claudia Hearn & Edward 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.