M K Reichert Sternlicht Foundation
The M K Reichert Sternlicht Foundation is a private independent foundation based in Wilmington, Delaware. Established in 2016, it operates as a 501(c)(3) organization dedicated to philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$100.0M
+28.5% YoY
Annual Giving
$3.4M
-6.5% YoY
Grant Count
88
+22.2% YoY
Avg Grant Size
$39K
-23.5% YoY
Under IRS private-foundation payout rules, M K Reichert Sternlicht Foundation reported a distributable amount of $4.2M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, its grantmaking priorities focus on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Obesity Prevention
- Workforce Grants
- Workforce Preparation
- Job Readiness
Grantmaking
The foundation makes grants with typical award ranges between $250 and $1,200,000. Recent grantmaking data indicates:
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in:
- Connecticut
- New York
- Massachusetts
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $107 million
- Total Contributions: $21 million
- Total Expenses: $3.9 million
As of 2023:
- Total Assets: $77.8 million
- Total Liabilities: $0
- Revenue: $4.66 million
- Expenses: $4.42 million
The foundation has maintained tax-exempt status since March 2016 (EIN: 81-0807556).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $99,972,191 | $77,824,775 | $77,583,567 |
| Revenue | $26,529,152 | $4,661,711 | $4,080,450 |
| Expenses | $4,381,736 | $4,420,503 | $4,610,425 |
| Qualifying Distributions | $3,893,514 | $4,039,157 | $4,324,989 |
| Net Investment Income | $5,049,605 | $10,273,191 | $2,031,356 |
| Distributable Amount | $4,178,835 | $3,818,727 | $4,032,619 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Impactassets Inc ($995,000), Career Resources Inc ($250,000), Breakthrough T1d ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACADEMY FOR TEACHERS NEW YORK, NY | General & Unrestricted | $10,000 |
| ALLIANCE OF ARTISTS COMMUNITIES PROVIDENCE, RI | General & Unrestricted | $5,000 |
| A Joy Sisk BOSTON, MA | ARTIST RESIDENCY GRANT | $600 |
| AMERICAN FRIENDS OF ALYN HOSPITAL INC NEW YORK, NY | General & Unrestricted | $10,000 |
| AMERICAN UNIVERSITY WASHINGTON, DC | General Support for Podcasts | $5,000 |
| BREAKTHROUGH NEW YORK INC NEW YORK, NY | General & Unrestricted | $10,000 |
| BREAKTHROUGH T1D HAGERSTOWN, MD | JDRF T1D Fund | $200,000 |
| CAPITAL INSTITUTE BOULDER, CO | General & Unrestricted | $10,000 |
| CAREER RESOURCES INC BRIDGEPORT, CT | The Bridge on Main project for reentry services for the system impacted | $250,000 |
| CAREER RESOURCES INC BRIDGEPORT, CT | General & Unrestricted | $100,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Miriam Klein Sternlicht — Director, President, Secretary, Treasurer
- James Sternlicht — Director of Special Projects
- Richard Zimmerman — Executive Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Miriam Klein Sternlicht | Dir, Pres, Sec, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does M K Reichert Sternlicht Foundation fund?
The foundation does not maintain a publicly stated mission statement. However, its grantmaking priorities focus on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Obesity Prevention • Workforce Grants • Workforce Preparation • Job Readiness
How do I apply for a grant from M K Reichert Sternlicht Foundation?
The foundation makes grants with typical award ranges between $250 and $1,200,000. Recent grantmaking data indicates: • **Total giving (2024):** $3,428,900 • **Total distributions (2024):** $3.9 million • **Grant median:** $10,000 • **Grant maximum:** $995,000 • **Number of grants (2024):** 88 grants
Where does M K Reichert Sternlicht Foundation make grants?
The foundation's grantmaking is concentrated in: • Connecticut • New York • Massachusetts
What size grants does M K Reichert Sternlicht Foundation award?
In 2024, M K Reichert Sternlicht Foundation awarded 88 grants totaling $3.4M — an average of about $39K per grant, based on its IRS Form 990 filings.
How much is M K Reichert Sternlicht Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, M K Reichert Sternlicht Foundation reported a distributable amount of $4.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is M K Reichert Sternlicht Foundation's EIN?
M K Reichert Sternlicht Foundation's EIN (Employer Identification Number) is 81-0807556. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in M K Reichert Sternlicht Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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