Laura and Richard Steel Family Foundation
Laura and Richard Steel Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $380K in total assets. In 2024, it awarded 13 grants totaling $37K. Net investment income was $21K.
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.
About Laura and Richard Steel Family Foundation
Based on IRS filings
Laura and Richard Steel Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $380K in total assets. In 2024, it awarded 13 grants totaling $37K. Net investment income was $21K.
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 | $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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nationalities Service Center ($6,443), Federation ($5,000), National Safety Council ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NATIONALITIES SERVICE CENTER PHILADELPHIA, PA | TO ENHANCE THE FACILITIES OF THE ORGANIZATION | $6,443 |
| CHABAD PITTSBURGH PITTSBURGH, PA | TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION | $900 |
| PITT HILLEL PITTSBURGH, PA | TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION. | $900 |
| FRIENDS OF IDF NEW YORK, NY | TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION. | $3,600 |
| FEDERATION PITTSBURGH, PA | FOR GENERAL PURPOSES | $5,000 |
| NATIONAL SAFETY COUNCIL WASHINGTON, DC | TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION. | $5,000 |
| 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 |
| ADL NEW YORK, NY | TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION. | $5,000 |
| CHOP PHILADELPHIA, PA | TO FURTHER THE CHARITABLE PURPOSE OF THE ORGANIZATION. | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURA STEEL | TRUSTEE | — | — |
| RICHARD STEEL | TRUSTEE | — | — |
| EMILY GLASSMAN | TRUSTEE | — | — |
| MARC STEEL | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Laura and Richard Steel Family Foundation?
Laura and Richard Steel Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. It holds $380K in total assets as of 2024.
How large is Laura and Richard Steel Family Foundation?
As of 2024, Laura and Richard Steel Family Foundation holds $380K in total assets with $25K in annual revenue. It awarded 13 grants totaling $37K in 2024.
Where does Laura and Richard Steel Family Foundation operate?
Laura and Richard Steel Family Foundation has awarded grants in Alabama, California, District of Columbia, Illinois, Maryland, New York, Pennsylvania, Wisconsin.
What size grants does Laura and Richard Steel Family Foundation award?
In 2024, Laura and Richard Steel Family Foundation awarded 13 grants totaling $37K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Laura and Richard Steel Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Laura and Richard Steel Family Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Laura and Richard Steel Family 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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