Jerome Stone Legacy Foundation
Jerome Stone Legacy Foundation is a private foundation, based in Winnetka, IL. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $2.5M in total assets. In 2025, it awarded 45 grants totaling $288K. Net investment income was $98K.
Jerome Stone Legacy Foundation at a glance
In short: Jerome Stone Legacy Foundation gave $288K across 45 grants in 2025 (avg $6K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $287,528
- +469.5% vs 2024
- Grants made (2025)
- 45
- +200.0% vs 2024
- Average grant
- $6,390
- +89.8% vs 2024
- Median grant
- $2,500
- Total assets
- $2,453,755
- +5064.2% vs 2024
- Primary geography
- Illinois (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Jerome Stone Legacy Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Chicago Furniture Bank ($65K). Together the top 10 received $209K.
Grant Size Distribution
60 grants across all recorded years
The most common grant size was under $50K: 59 grants of 60 (98%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 45 itemized grants.
Cities
How Jerome Stone Legacy Foundation gives
- 18% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out 280% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $50K (2024) to $288K (2025). In 2025 it made 45 grants totaling $288K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Furniture Bank Chicago, IL | Furniture Sponsorships | $65,255 |
| Alzheimer's Association Chicago, IL | General Operating Fund | $33,333 |
| The Music Institute of Chicago Evanston, IL | Artist in Residence/Master Class Sponsorships | $26,500 |
| North Shore Congregation Isreal (NSCI) Glencoe, IL | Shabbat Musical Accompaniment | $19,200 |
| Circle Foundation - Innovations High School Fund Chicago, IL | Scholarships Fund | $17,250 |
| Chicago Council on Global Affairs Chicago, IL | Directors Circle | $10,000 |
| Impact Inc (Impact Boston) Boston, MA | General Operating Fund | $10,000 |
| Ravinia Festival Highland Park, IL | Opus Donor | $10,000 |
| Counseling Center of North Shore Winnetka, IL | Therapy Sponsorships | $8,720 |
| Friends of Elnet Skokie, IL | General Operating Fund | $8,333 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,453,755 | $462,154 | $407,916 | $287,528 | 45 | $384,837 | $97,620 | $137,492 |
| 2024 | $47,515 | $100,000 | $52,485 | $50,485 | 15 | $51,485 | — | $574 |
Under IRS private-foundation payout rules, Jerome Stone Legacy Foundation reported a distributable amount of $137K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Jerome Stone Legacy Foundation is led by James H. Stone, Director & President on every filing since 2024; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
James H. Stone
Director & President
On filings since 2024
3 hrs/week
No compensation reported
Emily Stone Gelb
Director & Treasurer
On filings since 2024
1 hr/week
No compensation reported
Margaret Elisa Stone
Director & Secretary
On filings since 2024
0.5 hrs/week
No compensation reported
Phoebe Stone Nitekman
Director
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Jerome Stone Legacy Foundation
How much does Jerome Stone Legacy Foundation give each year?
Jerome Stone Legacy Foundation gave $288K across 45 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 15 grants.
What is Jerome Stone Legacy Foundation's typical grant size?
Jerome Stone Legacy Foundation's median grant in 2025 was $2,500, and its average grant was $6,390, across 45 grants on its 2025 IRS Form 990-PF.
Where does Jerome Stone Legacy Foundation give grants?
Jerome Stone Legacy Foundation gives mostly in Illinois: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Chicago, IL (22 grants), Highland Park, IL (4 grants), New York, NY (3 grants) and Evanston, IL (2 grants).
Does Jerome Stone Legacy Foundation give general operating support?
Yes: 64% of Jerome Stone Legacy Foundation's 2025 grants with a stated purpose (29 of 45) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Jerome Stone Legacy Foundation's largest grantees?
Jerome Stone Legacy Foundation's largest 2025 grantees include Chicago Furniture Bank ($65,255), Alzheimer's Association ($33,333) and The Music Institute of Chicago ($26,500), according to its 2025 IRS Form 990-PF. Together they received 44% of its itemized 2025 grant dollars.
How large is Jerome Stone Legacy Foundation?
Jerome Stone Legacy Foundation reported $2.5M in total assets on its 2025 IRS Form 990-PF. It paid out $385K in qualifying distributions that year, against a required minimum of $137K (roughly 5% of its investment assets).
What is Jerome Stone Legacy Foundation's EIN?
Jerome Stone Legacy Foundation's EIN (Employer Identification Number) is 99-4132949. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS October 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 21, 2026)
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