Laura and Richard Steel Family Foundation
The Laura and Richard Steel Family Foundation is a private foundation based in Philadelphia, Pennsylvania. It supports preselected charitable organizations; its 2024 filing states that it does not accept unsolicited requests for funds.
Key facts about Laura and Richard Steel Family Foundation
In short: Laura and Richard Steel Family Foundation gave $37K across 13 grants in 2024 (avg $3K), top state New York. 85% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 20-2119792
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $36,843
- Grants made (2024)
- 13
- Average grant
- $2,834
- Median grant
- $2,000
- New grantees (estimate)
- 85% first-time grantees (11 of 13, 2024; small sample)
- Total assets
- $380,401
- Primary geography
- New York (42% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. 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
$380K
-3.9% YoY
Annual Giving
$37K
+39.0% YoY
Grant Count
13
+44.4% YoY
Avg Grant Size
$3K
-3.7% YoY
Under IRS private-foundation payout rules, Laura and Richard Steel Family Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
Is Laura and Richard Steel Family Foundation open to new grantees?
85%
first-time grantees, 2024
In 2024, 11 of 13 grantees (85%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $3K; repeat grants $4K. How we count
Medians: $2K first-time, $4K repeat.
- 8% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 157% 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 include support for organizations with varied purposes. For example, the Nationalities Service Center, a 2024 grantee, describes its mission as “to welcome and empower immigrants to thrive in our communities and pursue a just future.”
Grantmaking
In 2024, the foundation reported 13 grants totaling $36,843. Grants ranged from $900 to $6,443, with a median grant of $2,000.
Notable 2024 grants included $6,443 to the Nationalities Service Center; $5,000 each to Federation, National Safety Council, and ADL; and $3,600 to Friends of IDF. Other listed grants included $2,000 each to Innocence Project, Planned Parenthood, CHRONS, and Ronald McDonald; $1,000 each to CHOP and Heights; and $900 to Chabad Pittsburgh.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Laura and Richard Steel Family Foundation?
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in New York (42%), Pennsylvania (39%), Washington, DC (14%), and Illinois (5%).
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $27K (2023) to $43K (2022). In 2024 it made 13 grants totaling $37K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Nationalities Service Center ($6K). Together the top 10 received $34K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 44 grants of 44 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nationalities Service Center Philadelphia, PA | To Enhance the Facilities of the Organization | $6,443 |
| Federation Pittsburgh, PA | For General Purposes | $5,000 |
| National Safety Council Washington, DC | To Further the Charitable Purpose of the Organization. | $5,000 |
| ADL New York, NY | To Further the Charitable Purpose of the Organization. | $5,000 |
| Friends of IDF New York, NY | To Further the Charitable Purpose of the Organization. | $3,600 |
| Innocence Project New York, NY | To Further the Charitable Purpose of the Organization. | $2,000 |
| Planned Parenthood New York, NY | To Further the Charitable Purpose of the Organization. | $2,000 |
| Chrons New York, NY | To Further the Charitable Purpose of the Organization. | $2,000 |
| Ronald McDonald Chicago, IL | To Further the Charitable Purpose of the Organization. | $2,000 |
| Chop Philadelphia, PA | To Further the Charitable Purpose of the Organization. | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $380,401 | $25,178 | $40,586 | $36,843 |
| 2023 | $395,809 | $11,869 | $29,810 | $26,500 |
| 2022 | $413,750 | $8,869 | $50,528 | $43,000 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $380,401 | $395,809 | $413,750 |
| Revenue | $25,178 | $11,869 | $8,869 |
| Expenses | $40,586 | $29,810 | $50,528 |
| Qualifying Distributions | $36,843 | $26,500 | $43,000 |
| Net Investment Income | $21,435 | $8,597 | $2,708 |
| Distributable Amount | $23,410 | $22,552 | $23,691 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Laura Steel, Richard Steel, Emily Glassman, and Marc Steel as trustees.
Laura and Richard Steel Family Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Emily Glassman
Trustee
On filings since 2020
No compensation reported
Laura Steel
Trustee
On filings since 2020
No compensation reported
Marc Steel
Trustee
On filings since 2020
No compensation reported
Richard Steel
Trustee
On filings since 2020
No compensation reported
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: 440 S Broad Street Unit 2206, Philadelphia, PA 19146
Frequently asked questions about Laura and Richard Steel Family Foundation
How much does Laura and Richard Steel Family Foundation give each year?
Laura and Richard Steel Family Foundation gave $37K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $27K across 9 grants.
What is Laura and Richard Steel Family Foundation's typical grant size?
Laura and Richard Steel Family Foundation's median grant in 2024 was $2,000, and its average grant was $2,834, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Laura and Richard Steel Family Foundation that year got $3K on average.
Where does Laura and Richard Steel Family Foundation give grants?
Laura and Richard Steel Family Foundation's top state is New York, with 42% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Pennsylvania (39%) and District of Columbia (14%). The most frequent recipient cities were New York, NY (5 grants), Pittsburgh, PA (3 grants) and Philadelphia, PA (2 grants).
Who are Laura and Richard Steel Family Foundation's largest grantees?
Laura and Richard Steel Family Foundation's largest 2024 grantees include Nationalities Service Center ($6,443), Federation ($5,000) and National Safety Council ($5,000), according to its 2024 IRS Form 990-PF. Together they received 45% of its itemized 2024 grant dollars.
How large is Laura and Richard Steel Family Foundation?
Laura and Richard Steel Family Foundation reported $380K in total assets on its 2024 IRS Form 990-PF. It paid out $37K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets).
What does Laura and Richard Steel Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include support for organizations with varied purposes. See mission & focus areas ↑
How do I apply for a grant from Laura and Richard Steel Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Laura and Richard Steel Family Foundation's EIN?
Laura and Richard Steel Family Foundation's EIN (Employer Identification Number) is 20-2119792. IRS Form 990 filing data is available on this page for 2020–2024.
Does Laura and Richard Steel 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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