Roger and Susan Stone Family Foundation

NORTHBROOK, IL EIN: 23-7026711

The Roger and Susan Stone Family Foundation is a private foundation established in 1969 and based in Northbrook, Illinois. Designated as a 501(c)(3) organization, the foundation focuses on philanthropic grantmaking to support charitable causes across multiple sectors.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$15.9M

+52.4% YoY

Grant Count

-95.7% YoY

Avg Grant Size

$7.9M

+3406.1% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's giving priorities include:

Education
Health
Children and social services
Philanthropy, voluntarism, and grantmaking

Grantmaking

The Roger and Susan Stone Family Foundation has been a significant supporter of the Cristo Rey Network, providing cumulative gifts exceeding $1.8 million over an 11-year period beginning in 2010. The foundation's support contributed to the network's expansion from 5,891 students in 24 schools to 12,300 students in 38 schools. Additionally, the foundation served as a Corporate Partner of Cristo Rey St. Martin College Prep in Waukegan, with student workers placed at the foundation's former company, KapStone Paper and Packaging.

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Geographic Focus

Where this funder awards grants

The foundation's primary grantmaking focus is Pennsylvania, though it has also supported organizations in Illinois, including Cristo Rey schools in the Chicago area.

Grant Distribution by State

Virginia $31.0M (58%)

Pennsylvania $15.9M (29%)

Illinois $6.8M (13%)

District of Columbia $84K (0%)

New York $35K (0%)

Arkansas $15K (0%)

Florida $10K (0%)

South Carolina $10K (0%)

+8 more states

States

Arkansas California Connecticut District of Columbia Delaware Florida Illinois Indiana Massachusetts Michigan New York Ohio Pennsylvania South Carolina Tennessee Virginia

Cities

ArlingtonArlington HeightsAshlandBala CynwydBostonCharlestonChicagoEvanstonFredericksburgGarrisonGlencoeGreenwichHighland ParkHillsdaleIndianapolisIthacaJacksonvilleJenkintownLake ForestLittle Rock

Financial History

Multi-year comparison from IRS filings

As of 2023:

Total assets: $0
Total giving: $15,895,486
Revenue: $229,000
Expenses: $16,000,000

Status: The organization filed a final return as of 2023.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$14,457,070	$23,476,805
Revenue	$228,679	$1,624,788	$8,385,528
Expenses	$15,971,073	$10,644,523	$16,566,543
Qualifying Distributions	$15,915,515	$10,440,066	$16,438,713
Net Investment Income	$188,121	$1,542,331	$8,282,698
Distributable Amount	—	$949,566	$1,426,009

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2023

Grant Size Distribution

142 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Jp Morgan Charitable Giving Fund ($15,894,986), Cash Grants Paid (see Attached) ($500).

Recipient	Purpose	Amount
JP MORGAN CHARITABLE GIVING FUND JENKINTOWN, PA	GENERAL PURPOSES	$15,894,986
CASH GRANTS PAID (SEE ATTACHED) NORTHBROOK, IL	GENERAL PURPOSE	$500

Leadership & Key People

Leadership team and compensation from IRS filings

Roger W. Stone founded the foundation with his wife Susan. Roger W. Stone passed away in 2021. His initial engagement with Cristo Rey Network began after reading an article in the Wall Street Journal in May 2010, leading to the foundation's substantial multi-year commitment to the organization.

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
SUSAN STONE	PRESIDENT/TREASURER/DIRECTOR	2	—
KAREN STONE KAPLAN	DIRECTOR	2	—
LAUREN GAIL STONE	DIRECTOR	2	—
JENNIFER LYNN STONE	DIRECTOR	2	—

Recent News & Activity

Recent developments and announcements

2023

The foundation's most recent documented activity includes its 2023 Form 990 filing. Roger W. Stone's passing in 2021 was noted by the Cristo Rey Network, which recognized his 11-year partnership with the organization and his legacy in supporting educational opportunities for underserved students.

Frequently Asked Questions

What does Roger and Susan Stone Family Foundation fund?

The foundation's giving priorities include: • Education • Health • Children and social services • Philanthropy, voluntarism, and grantmaking

How do I apply for a grant from Roger and Susan Stone Family Foundation?

**Grant Activity:** • Total giving in 2023: $15,895,486 • Historical giving (2010-2021): Over $1.8 million cumulatively to Cristo Rey Network alone • Typical award range: $50–$15,894,986 **Notable Recipient:** The Roger and Susan Stone Family Foundation has been a significant supporter of the Cristo Rey Network, providing cumulative gifts exceeding $1.8 million over an 11-year period beginning in 2010. The foundation's support contributed to the network's expansion from 5,891 students in 24 sch…

Where does Roger and Susan Stone Family Foundation make grants?

The foundation's primary grantmaking focus is Pennsylvania, though it has also supported organizations in Illinois, including Cristo Rey schools in the Chicago area.

What size grants does Roger and Susan Stone Family Foundation award?

In 2023, Roger and Susan Stone Family Foundation awarded 2 grants totaling $15.9M — an average of about $7.9M per grant, based on its IRS Form 990 filings.

What is Roger and Susan Stone Family Foundation's EIN?

Roger and Susan Stone Family Foundation's EIN (Employer Identification Number) is 23-7026711. IRS Form 990 filing data is available on this page for 2020–2023.