M K Reichert Sternlicht Foundation
The M K Reichert Sternlicht Foundation is a private foundation based in Wilmington, Delaware. Its 2024 filing reports grants to charitable organizations and says the foundation also hosts public events and educational activities related to mental health, social justice, the arts, and the environment.
M K Reichert Sternlicht Foundation at a glance
In short: M K Reichert Sternlicht Foundation gave $3.4M across 88 grants in 2024 (avg $39K), top state Maryland. 32% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,428,900
- -6.5% vs 2023
- Grants made (2024)
- 88
- +22.2% vs 2023
- Average grant
- $38,965
- -23.5% vs 2023
- Median grant
- $10,000
- Total assets
- $99,972,191
- +28.5% vs 2023
- New grantees (estimate)
- 32% first-time grantees (21 of 66, 2024)
- Primary geography
- Maryland (35% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to M K Reichert Sternlicht Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who M K Reichert Sternlicht Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Impactassets Inc ($995K). Together the top 10 received $2.5M.
Organizations only. It also paid 2 grants to individuals ($5,600), which are not listed by name.
Grant Size Distribution
360 grants across all recorded years
The most common grant size was under $50K: 262 grants of 360 (73%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars were concentrated in Maryland (35%), Connecticut (30%), and New York (16%), followed by Massachusetts (7%) and Rhode Island (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 88 itemized grants.
States
Cities
Is M K Reichert Sternlicht Foundation open to new grantees?
32%
first-time grantees, 2024
In 2024, 21 of 66 grantees (32%) were first-time recipients. First grants averaged $18K; repeat grants $67K. How we count
Medians: $10K first-time, $10K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 23% from 2021 to 2024. Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.8M (2021) to $4.0M (2022). In 2024 it made 88 grants totaling $3.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Impactassets Inc Bethesda, MD | General & Unrestricted | $995,000 |
| Career Resources Inc Bridgeport, CT | The Bridge on Main project for reentry services for the system impacted | $250,000 |
| Breakthrough T1D Hagerstown, MD | JDRF T1D Fund | $200,000 |
| Giving Back Fund Inc Boston, MA | The Peace Dept | $185,000 |
| Onegoal New York, NY | General & Unrestricted | $150,000 |
| Shining Hope for Communities Inc New York, NY | General & Unrestricted | $125,000 |
| Career Resources Inc Bridgeport, CT | General & Unrestricted | $100,000 |
| Edesia Inc N Kingstown, RI | Matching grant for Gaza | $100,000 |
| Yale University New Haven, CT | Effects of social media on behavioral health fund | $100,000 |
| Fairfield Countys Community Foundation Inc Norwalk, CT | General & Unrestricted | $70,000 |
Ready to take the next step with M K Reichert Sternlicht Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $99,972,191 | $26,529,152 | $4,381,736 | $3,428,900 | 88 | $3,893,514 | $5,049,605 | $4,178,835 |
| 2023 | $77,824,775 | $4,661,711 | $4,420,503 | $3,668,250 | 72 | $4,039,157 | $10,273,191 | $3,818,727 |
| 2022 | $77,583,567 | $4,080,450 | $4,610,425 | $3,955,250 | 59 | $4,324,989 | $2,031,356 | $4,032,619 |
| 2021 | $78,113,542 | $16,131,747 | $3,393,683 | $2,784,500 | 70 | $3,130,299 | $10,194,943 | $4,320,548 |
| 2020 | $65,375,478 | $5,804,976 | $3,531,854 | $3,056,888 | 71 | — | $5,935,047 | $3,138,635 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas including workforce training and reentry services, education, health, international relief, and community services. For example, Career Resources describes its work as providing Connecticut jobseekers with training and employment support; Edesia says it works to treat and prevent malnutrition; and Shining Hope for Communities describes providing services, advocacy, and education and leadership development for women and girls.
The foundation also reports hosting public events and educational activities concerning mental health, social justice, the arts, and the environment.
Grantmaking
In 2024, the foundation made 88 grants totaling $3,428,900. Awards ranged from $500 to $995,000, with a median grant of $10,000.
Among the largest reported grants were $995,000 to ImpactAssets Inc. for general and unrestricted purposes; $250,000 to Career Resources Inc. for the Bridge on Main reentry-services project; $200,000 to Breakthrough T1D for the JDRF T1D Fund; and $185,000 to Giving Back Fund Inc. for The Peace Dept. Other grants included $150,000 to OneGoal, $125,000 to Shining Hope for Communities, and $100,000 to Edesia for a matching grant for Gaza.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Miriam Klein Sternlicht as director, president, secretary, and treasurer.
M K Reichert Sternlicht Foundation is led by Miriam Klein Sternlicht, Director, President, Secretary & Treasurer since 2024 (on filings since 2020) — the only officer listed, and uncompensated.
Officers on the 2024 filing
Miriam Klein Sternlicht
Director, President, Secretary & Treasurer
Director, President & Secretary → Director, President, Secretary & Treasurer, 2024
On filings since 2020
1 hr/week
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.
Frequently asked questions about M K Reichert Sternlicht Foundation
How much does M K Reichert Sternlicht Foundation give each year?
M K Reichert Sternlicht Foundation gave $3.4M across 88 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.7M across 72 grants.
What is M K Reichert Sternlicht Foundation's typical grant size?
M K Reichert Sternlicht Foundation's median grant in 2024 was $10,000, and its average grant was $38,965, across 88 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from M K Reichert Sternlicht Foundation that year got $18K on average.
Where does M K Reichert Sternlicht Foundation give grants?
M K Reichert Sternlicht Foundation's top state is Maryland, with 35% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Connecticut (30%) and New York (16%). The most frequent recipient cities were New York, NY (18 grants), New Haven, CT (8 grants), Boston, MA (8 grants) and Greenwich, CT (6 grants).
Does M K Reichert Sternlicht Foundation give general operating support?
Yes: 63% of M K Reichert Sternlicht Foundation's 2024 grants with a stated purpose (55 of 88) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Charitable Event" (10 grants) and "Artist Residency Grant" (8 grants).
Who are M K Reichert Sternlicht Foundation's largest grantees?
M K Reichert Sternlicht Foundation's largest 2024 grantees include Impactassets Inc ($995,000), Career Resources Inc ($350,000 across 2 grants) and Onegoal ($215,000 across 3 grants), according to its 2024 IRS Form 990-PF. It also paid 2 grants to individuals ($5,600), which are not listed by name. Together they received 45% of its itemized 2024 grant dollars.
How large is M K Reichert Sternlicht Foundation?
M K Reichert Sternlicht Foundation reported $100.0M in total assets on its 2024 IRS Form 990-PF. It paid out $3.9M in qualifying distributions that year, against a required minimum of $4.2M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does M K Reichert Sternlicht Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations working in areas including workforce training and reentry services, education, health, international relief, and community services. See mission & focus areas ↑
How do I apply for a grant from M K Reichert Sternlicht Foundation?
The foundation 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 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.
Does M K Reichert Sternlicht 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work M K Reichert Sternlicht Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
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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Cite this profile
Grantable. (2026). M K Reichert Sternlicht Foundation funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/m-k-reichert-sternlicht-foundation-morg_51a9fb9bbcf9404da2858aaf5169d494
BibTeX
@misc{grantable_810807556_2026,
author = {{Grantable}},
title = {{M K Reichert Sternlicht Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/m-k-reichert-sternlicht-foundation-morg_51a9fb9bbcf9404da2858aaf5169d494},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from M K Reichert Sternlicht Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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