Michael J Stephen and Lucile G Stephen
Michael J Stephen and Lucile G Stephen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELMWOOD PARK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $750K in total assets. In 2024, it awarded 5 grants totaling $28K. Net investment income was $313.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$750K
+6.5% YoY
Annual Giving
$28K
+25.8% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$6K
+25.8% YoY
Under IRS private-foundation payout rules, Michael J Stephen and Lucile G Stephen reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael J Stephen and Lucile G Stephen
Based on IRS filings
Michael J Stephen and Lucile G Stephen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELMWOOD PARK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $750K in total assets. In 2024, it awarded 5 grants totaling $28K. Net investment income was $313.
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 | $749,950 | $704,333 | $687,181 |
| Revenue | $76,781 | $42,559 | $121,452 |
| Expenses | $31,164 | $25,407 | $25,441 |
| Qualifying Distributions | $27,675 | $22,000 | $22,075 |
| Net Investment Income | $313 | $291 | $137 |
| Distributable Amount | $3,782 | $26,842 | $20,805 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Doctors Without Borders ($10,000), Everytown for Gun Safety Support Fu ($5,000), Jwas Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE STANLEY CLARK SCHOOL FUND SOUTH BEND, IN | HUMANITARIAN | $2,675 |
| EVERYTOWN FOR GUN SAFETY SUPPORT FU NEW YORK, NY | HUMANITARIAN | $5,000 |
| JWAS FOUNDATION MISHAWAKA, IN | HUMANITARIA | $5,000 |
| BLOCK CLUB CHICAGO CHICAGO, IL | HUMANITARIAN | $5,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | MEDICAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J STEPHEN | DIR., CHAIR | — | — |
| MARCIA K STEPHEN | DIR., VICE CHAI | — | — |
| MICHAEL A STEPHEN | DIRECTOR | — | — |
| MIA L STEPHEN | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael J Stephen and Lucile G Stephen?
Michael J Stephen and Lucile G Stephen is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ELMWOOD PARK, IL. It holds $750K in total assets as of 2024.
How large is Michael J Stephen and Lucile G Stephen?
As of 2024, Michael J Stephen and Lucile G Stephen holds $750K in total assets with $77K in annual revenue. It awarded 5 grants totaling $28K in 2024.
Where does Michael J Stephen and Lucile G Stephen operate?
Michael J Stephen and Lucile G Stephen has awarded grants in Arkansas, Illinois, Indiana, New York.
What size grants does Michael J Stephen and Lucile G Stephen award?
In 2024, Michael J Stephen and Lucile G Stephen awarded 5 grants totaling $28K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Michael J Stephen and Lucile G Stephen required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael J Stephen and Lucile G Stephen reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael J Stephen and Lucile G Stephen's EIN?
Michael J Stephen and Lucile G Stephen's EIN (Employer Identification Number) is 26-1598109. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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