Sears Family Foundation
Sears Family Foundation is a private foundation, based in LAKE PLACID, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 5 grants totaling $241K. Net investment income was $124K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
+0.5% YoY
Annual Giving
$241K
+16.3% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$48K
+16.3% YoY
Under IRS private-foundation payout rules, Sears Family Foundation reported a distributable amount of $193K for 2024 — the minimum it must pay out in qualifying distributions.
About Sears Family Foundation
Based on IRS filings
Sears Family Foundation is a private foundation, based in LAKE PLACID, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 5 grants totaling $241K. Net investment income was $124K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,445,469 | $2,434,450 | $2,259,543 |
| Revenue | $383,844 | $499,208 | $362,010 |
| Expenses | $374,809 | $335,048 | $236,873 |
| Qualifying Distributions | $334,232 | $293,698 | $205,196 |
| Net Investment Income | $124,251 | $216,831 | $87,354 |
| Distributable Amount | $193,142 | $181,088 | $188,918 |
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
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Will's Garden ($120,000), Cooperstown Theatre Festival ($64,000), Ballet Theatre Foundation ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BALLET THEATRE FOUNDATION NEW YORK CITY, NY | DANCE PERFORMANCES | $40,000 |
| COOPERSTOWN THEATRE FESTIVAL COOPERSTOWN, NY | PROVIDE A PROGRAM OF COMMUNITY SUMMER CONCERTS | $64,000 |
| GLIMMER GLASS OPERA COOPERSTOWN, NY | OPERA SINGING | $4,792 |
| ICE THEATRE OF NY NEW YORK CITY, NY | DANCE ON ICE | $12,000 |
| WILL'S GARDEN COOPERSTOWN, NY | CONTEMPORY DANCE, MUSIC AND PERFORMANCES ON ICE | $120,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OLGA MALINOVA | CFO | 20 | $8,000 |
| MARGARITA SEARS | TRUSTEE | 20 | — |
Frequently Asked Questions
How large is Sears Family Foundation?
As of 2024, Sears Family Foundation holds $2.4M in total assets with $384K in annual revenue. It awarded 5 grants totaling $241K in 2024.
Where does Sears Family Foundation operate?
Sears Family Foundation has awarded grants in New York.
What size grants does Sears Family Foundation award?
In 2024, Sears Family Foundation awarded 5 grants totaling $241K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is Sears Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sears Family Foundation reported a distributable amount of $193K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sears Family Foundation's EIN?
Sears Family Foundation's EIN (Employer Identification Number) is 11-7040015. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Sears 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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