Ira & Sheila Stone Family Foundation
The Ira & Sheila Stone Family Foundation is a private foundation based in Chicago, Illinois. It made 17 grants totaling $247,265 in 2024, with its listed grants going to charitable organizations in Illinois.
Key facts about Ira & Sheila Stone Family Foundation
In short: Ira & Sheila Stone Family Foundation gave $247K across 17 grants in 2024 (avg $15K), mostly in Illinois. 29% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 36-3993194
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $247,265
- Grants made (2024)
- 17
- Average grant
- $14,545
- Median grant
- $10,000
- New grantees (estimate)
- 29% first-time grantees (5 of 17, 2024)
- Total assets
- $3,379,381
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds; it states that it contributes only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.4M
+17.3% YoY
Annual Giving
$247K
+125.6% YoY
Grant Count
17
-15.0% YoY
Avg Grant Size
$15K
+165.4% YoY
Under IRS private-foundation payout rules, Ira & Sheila Stone Family Foundation reported a distributable amount of $211K for 2024 — the minimum it must pay out in qualifying distributions.
Is Ira & Sheila Stone Family Foundation open to new grantees?
29%
first-time grantees, 2024
In 2024, 5 of 17 grantees (29%) were first-time recipients. First grants averaged $7K; repeat grants $18K. How we count
Medians: $5K first-time, $10K repeat.
- 71% of 2024 grantees were also funded in 2023. Method
- Giving grew 84% from 2021 to 2024. Method
- In 2024 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for organizations working in areas such as food assistance, services for older adults, arts and culture, and community support. For example, Care for Real describes its mission as helping vulnerable neighbors overcome food insecurity with dignity, and The Ark describes its mission as helping Chicagoland Jews facing adversity navigate toward self-reliance. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation made 17 grants totaling $247,265. Grant amounts ranged from $500 to $110,000, with a median of $10,000. Listed recipients included Council Jewish Elderly ($110,000), All Chicago ($25,000), Eisenhower Hearing Foundation ($15,000), Jewish Federation of the Desert ($15,000), Grant Park Orchestral Association ($13,000), PS Friends of Philharmonic ($12,377), Holocaust Memorial Museum ($10,000), Jonathan Philip Reder Fund ($10,000), and Millennium Park Foundation ($10,000). Care for Real received $5,000, and The Ark received $1,500. The listed grant purposes were general fundraising.
How to Apply
The foundation does not accept unsolicited requests for funds; it states that it contributes only to preselected charitable organizations.
Ready to take the next step with Ira & Sheila Stone Family Foundation?
Geographic Focus
Where this funder awards grants
All grant dollars in 2024 went to recipients in Illinois.
Grant Distribution by State
Share of 2024 grant dollars across all 17 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $110K (2023) to $727K (2020). In 2024 it made 17 grants totaling $247K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Council Jewish Elderly ($110K). Together the top 10 received $225K.
Grant Size Distribution
89 grants across all recorded years
The most common grant size was under $50K: 84 grants of 89 (94%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Council Jewish Elderly Chicago, IL | General Fund Raising | $110,000 |
| All Chicago Chicago, IL | General Fund Raising | $25,000 |
| Eisenhower Hearing Foundation Chicago, IL | General Fund Raising | $15,000 |
| Jewish Federation of the Desert Chicago, IL | General Fund Raising | $15,000 |
| Grant Park Orchestral Association Chicago, IL | General Fund Raising | $13,000 |
| PS Friends of Philharmonic Chicago, IL | General Fund Raising | $12,377 |
| Holocaust Memorial Museum Chicago, IL | General Fund Raising | $10,000 |
| Jonathan Philip Reder Fund Chicago, IL | General Fund Raising | $10,000 |
| Millenium Park Foundation Chicago, IL | General Fund Raising | $10,000 |
| Care for Real Chicago, IL | General Fund Raising | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2024 | $247,265 | 17 |
| 2023 | $109,615 | 20 |
| 2022 | $359,950 | 19 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,379,381 | $2,881,963 | $2,839,961 |
| Revenue | $775,367 | $175,994 | $299,604 |
| Expenses | $277,949 | $133,992 | $384,757 |
| Qualifying Distributions | $247,265 | $109,615 | $359,950 |
| Net Investment Income | $747,510 | $146,217 | $270,052 |
| Distributable Amount | $210,517 | $192,401 | $189,521 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS August 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 11, 2025)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Sheila L. Stone as president and treasurer, Richard Sciortino as vice president, and Debra M. Doyle as secretary.
Ira & Sheila Stone Family Foundation is led by Sheila L. Stone, President & Treasurer since 2023 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sheila L. Stone
President & Treasurer
Secretary & Director → President & Treasurer, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Debra M. Doyle
Secretary
On filings since 2023
0.3 hrs/week
No compensation reported
Richard Sciortino
Vice President
On filings since 2023
0.3 hrs/week
No compensation reported
Former officers (2)
- Former: Ira N. Stone (2020–2022) — President, Treasurer & D
- Former: John J. Buttita (2020–2022) — Assistant Secretary & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 180 E Pearson Street 5304, Chicago, IL 60611
Phone: (312) 266-2005
Frequently asked questions about Ira & Sheila Stone Family Foundation
How much does Ira & Sheila Stone Family Foundation give each year?
Ira & Sheila Stone Family Foundation gave $247K across 17 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $110K across 20 grants.
What is Ira & Sheila Stone Family Foundation's typical grant size?
Ira & Sheila Stone Family Foundation's median grant in 2024 was $10,000, and its average grant was $14,545, across 17 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Ira & Sheila Stone Family Foundation that year got $7K on average.
Where does Ira & Sheila Stone Family Foundation give grants?
Ira & Sheila Stone Family Foundation gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (17 grants).
Does Ira & Sheila Stone Family Foundation give general operating support?
Yes: 100% of Ira & Sheila Stone Family Foundation's 2024 grants with a stated purpose (17 of 17) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Ira & Sheila Stone Family Foundation's largest grantees?
Ira & Sheila Stone Family Foundation's largest 2024 grantees include Council Jewish Elderly ($110,000), All Chicago ($25,000) and Eisenhower Hearing Foundation ($15,000), according to its 2024 IRS Form 990-PF. Together they received 61% of its itemized 2024 grant dollars.
How large is Ira & Sheila Stone Family Foundation?
Ira & Sheila Stone Family Foundation reported $3.4M in total assets on its 2024 IRS Form 990-PF. It paid out $247K in qualifying distributions that year, against a required minimum of $211K (roughly 5% of its investment assets).
What does Ira & Sheila Stone Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations working in areas such as food assistance, services for older adults, arts and culture, and community support. See mission & focus areas ↑
How do I apply for a grant from Ira & Sheila Stone Family Foundation?
The foundation does not accept unsolicited requests for funds; it states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Ira & Sheila Stone Family Foundation's EIN?
Ira & Sheila Stone Family Foundation's EIN (Employer Identification Number) is 36-3993194. IRS Form 990 filing data is available on this page for 2020–2024.
Does Ira & Sheila Stone Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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