Stamps Family Charitable Foundation Inc
Stamps Family Charitable Foundation Inc is a private 501(c)(3) foundation established in 1986 by E. Roe Stamps IV and his late wife Penelope W. Stamps. Based in Boston, MA, the foundation operates the Stamps Scholars Program, a prestigious merit-based scholarship initiative that partners with colleges and universities across the United States and the United Kingdom to support exceptional undergraduate students.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$75.5M
-5.6% YoY
Annual Giving
$19.4M
+313.2% YoY
Grant Count
16
+23.1% YoY
Avg Grant Size
$1.2M
+235.7% YoY
Under IRS private-foundation payout rules, Stamps Family Charitable Foundation Inc reported a distributable amount of $4.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation was established to support educational initiatives nationwide. The Stamps Scholars Program focuses on enabling extraordinary educational experiences for outstanding undergraduate students without regard to financial need or program of study.
Primary funding areas include:
- Education (merit-based scholarships)
- Philanthropy and grantmaking
- Human Services
Grantmaking
Beyond tuition support, Stamps Scholars receive additional funding for educational enhancements including:
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds 44 partner universities across the United States and the United Kingdom. Geographic focus areas for grantmaking include Florida, Texas, and Georgia, with operations in five countries including Switzerland, Hong Kong, China, and the United Kingdom.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets:
- Total assets: $75.5 million (2024)
- Total assets: $79.9 million (2023)
Annual Giving:
- Total giving: $19,410,977 (2024)
- Annual giving: $4,697,932 (2023)
- Revenue: $1.12 million (2023)
Expenses:
- Total expenses: $5.06 million (2023)
Liabilities:
- Total liabilities: $0 (2023)
Tax Status:
- Tax-exempt since October 1988
- EIN: 04-2943910
- Required to file IRS Form 990-PF
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $75,490,206 | $79,944,582 | $83,883,416 |
| Revenue | $15,425,331 | $1,116,473 | $-1,339,962 |
| Expenses | $19,884,917 | $5,055,307 | $858,098 |
| Qualifying Distributions | $19,410,977 | $4,697,932 | $23,540 |
| Net Investment Income | $4,000,582 | $2,008,051 | $1,792,425 |
| Distributable Amount | $4,524,641 | $4,598,172 | $4,750,090 |
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
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chicago Community Trust ($17,488,165), Georgia Tech Foundation ($1,568,000), University of Arizona ($232,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Community Trust Chicago, IL | Unrestricted Donation | $17,488,165 |
| Dolphin's Cycling Challenge Miami Gardens, FL | Unrestricted Donation | $1,000 |
| Georgia Tech Foundation Atlanta, GA | Unrestricted Donation | $1,568,000 |
| Miami Children's Museum Miami, FL | Unrestricted Donation | $1,000 |
| Miami Lighthouse For The Blind Miami, FL | Unrestricted Donation | $19,500 |
| Navy Seal Foundation Virginia Beach, VA | Unrestricted Donation | $1,000 |
| St Hugh Catholic Church Coconut Grove, FL | Unrestricted Donation | $1,500 |
| The Children's Movement Of Florida Miami, FL | Unrestricted Donation | $10,411 |
| U of Miami Coral Gables, FL | Unrestricted Donation | $1,341 |
| Vermont Public Television Colchester, VT | Unrestricted Donation | $60 |
Leadership & Key People
Leadership team and compensation from IRS filings
Executive Director: Mary Snow (effective March 31, 2025)
- Previously served as President and CEO of the Coral Gables Community Foundation for eleven years
Founder: E. Roe Stamps IV
- Private investor and co-founder of Boston-based private equity firm Summit Partners
- Industrial Engineering graduate of Georgia Tech
- MBA graduate from Harvard Business School
Co-Founder: Penelope W. Stamps (deceased December 2018)
- Graduate of the University of Michigan School of Art & Design
- Passionate educator
- The Penny W. Stamps School of Art & Design at the University of Michigan was named in her honor in 2012
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| E Roe Stamps IV | President | — | — |
| David H Hopfenberg | Treasurer & Clerk | — | — |
| Elizabeth A Stamps | Vice President | — | — |
Recent News & Activity
Recent developments and announcements
University of Mississippi announced the launch of the Stamps Impact Prize in partnership with the foundation (2024)
University of Mississippi Announces Launch of Stamps Impact Prize | Ole MissOhio State University received $6.5 million from the Stamps Scholars Program
University of Mississippi Announces Launch of Stamps Impact Prize | Ole MissOhio State University partnered with the Stamps Leadership Scholars Program
University of Mississippi Announces Launch of Stamps Impact Prize | Ole MissThe foundation welcomed its sixteenth class of Stamps Scholars (2021)
Ohio State receives $6.5 million from the Stamps Scholars ProgramContact Information
Mailing Address: PO Box 98374 Atlanta, GA 30359-2074
Website: stampsscholars.org
Headquarters: Atlanta, Georgia
Frequently Asked Questions
What does Stamps Family Charitable Foundation Inc fund?
The foundation was established to support educational initiatives nationwide. The Stamps Scholars Program focuses on enabling extraordinary educational experiences for outstanding undergraduate students without regard to financial need or program of study. Primary funding areas include: • Education (merit-based scholarships) • Philanthropy and grantmaking • Human Services
How do I apply for a grant from Stamps Family Charitable Foundation Inc?
**Scholarship Structure:** • Scholars receive annual awards ranging from $6,000 to $90,000 • Four-year scholarship totals typically range from $24,000 to $376,000 • Many scholarships cover either full tuition or the full cost of attendance **Enrichment Funding:** Beyond tuition support, Stamps Scholars receive additional funding for educational enhancements including: • Summer experiences and internships • International travel and study • Research opportunities • Leadership programs and confere…
Where does Stamps Family Charitable Foundation Inc make grants?
The foundation funds 44 partner universities across the United States and the United Kingdom. Geographic focus areas for grantmaking include Florida, Texas, and Georgia, with operations in five countries including Switzerland, Hong Kong, China, and the United Kingdom.
What size grants does Stamps Family Charitable Foundation Inc award?
In 2024, Stamps Family Charitable Foundation Inc awarded 16 grants totaling $19.4M — an average of about $1.2M per grant, based on its IRS Form 990 filings.
How much is Stamps Family Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stamps Family Charitable Foundation Inc reported a distributable amount of $4.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stamps Family Charitable Foundation Inc's EIN?
Stamps Family Charitable Foundation Inc's EIN (Employer Identification Number) is 04-2943910. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Stamps Family Charitable Foundation Inc'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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