Stephen & Palmina Pace Foundation Inc
Stephen & Palmina Pace Foundation Inc is a private foundation, based in New York, NY. IRS filing data is available from 2018 through 2025. As of 2025, the organization holds $11.8M in total assets. In 2025, it awarded 2 grants totaling $68K. Net investment income was $148K.
Stephen & Palmina Pace Foundation Inc at a glance
In short: Stephen & Palmina Pace Foundation Inc gave $68K across 2 grants in 2025 (avg $34K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,500
- -55.7% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $33,750
- -55.7% vs 2024
- Median grant
- $33,750
- Total assets
- $11,756,850
- +0.0% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Stephen & Palmina Pace Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Maine College of Art and Design ($50K). Together the top 2 received $68K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 6 grants of 9 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Stephen & Palmina Pace Foundation Inc gives
- Giving grew 114% from 2022 to 2025. Method
- In 2025 it paid out 42% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2018 to 2025, annual grant giving ranged from $32K (2022) to $566K (2018). In 2025 it made 2 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Maine College of Art and Design Portland, MA | Contribution | $50,000 |
| Fine Arts Work Center in Provincetown Provincetown, MA | Unrestricted Contribution to the Art Center | $17,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $11,756,850 | $179,667 | $278,177 | $67,500 | 2 | $241,164 | $148,254 | $573,687 |
| 2024 | $11,756,638 | $249,539 | $296,253 | $152,500 | 2 | $263,809 | $218,303 | $72,262 |
| 2023 | $11,899,952 | $80,272 | $234,915 | $81,500 | 2 | $203,711 | $42,636 | $77,363 |
| 2022 | $11,899,407 | $23,072 | $198,476 | $31,500 | 2 | $180,963 | $19,275 | $77,823 |
| 2021 | $12,323,310 | $440,325 | $189,772 | $39,000 | 1 | $171,473 | $422,026 | $86,094 |
| 2020 | $12,289,296 | $-93,386 | $538,268 | $381,470 | 4 | — | $13,661 | $83,192 |
| 2019 | $12,663,001 | $58,414 | $176,088 | $34,237 | 3 | — | $46,316 | $84,443 |
| 2018 | $12,462,430 | $13,149,148 | $692,414 | $566,415 | 5 | — | $62,953 | $65,622 |
Under IRS private-foundation payout rules, Stephen & Palmina Pace Foundation Inc reported a distributable amount of $574K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Stephen & Palmina Pace Foundation Inc is led by Catherine Claman, President & Treasurer on every filing since 2018; 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Catherine Claman
President & Treasurer
On filings since 2018
35 hrs/week
$39K (2018) → $70K (2025)
Bethany Dobson
Director
Board of Director → Director, 2019
On filings since 2018
5 hrs/week
No compensation reported
Ernest R. Natalini
Director
Board of Director → Director, 2019
On filings since 2018
5 hrs/week
No compensation reported
Dan Mills
Director
New on the 2025 filing
5 hrs/week
No compensation reported
Eric Price
Director
New on the 2025 filing
5 hrs/week
No compensation reported
Stephen Wheeler
Secretary
New on the 2025 filing
5 hrs/week
No compensation reported
Former officers (2)
- Former: S. Wheeler (2018–2024) — Secretary
- Former: Susan Vecsey (2018–2024) — Director
Data from IRS Form 990 filings, 2018–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $70K, to Catherine Claman (President/Treasurer).
Frequently asked questions about Stephen & Palmina Pace Foundation Inc
How much does Stephen & Palmina Pace Foundation Inc give each year?
Stephen & Palmina Pace Foundation Inc gave $68K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $153K across 2 grants.
How large is Stephen & Palmina Pace Foundation Inc?
Stephen & Palmina Pace Foundation Inc reported $11.8M in total assets on its 2025 IRS Form 990-PF. It paid out $241K in qualifying distributions that year, against a required minimum of $574K (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.
Where does Stephen & Palmina Pace Foundation Inc operate?
Stephen & Palmina Pace Foundation Inc has awarded grants in Connecticut, Massachusetts, Maine, New York, Rhode Island.
What is Stephen & Palmina Pace Foundation Inc's EIN?
Stephen & Palmina Pace Foundation Inc's EIN (Employer Identification Number) is 47-4164575. IRS Form 990 filing data is available on this page for 2018–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2018 (received by the IRS January 9, 2020)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 26, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 15, 2026)
- IRS filings on file for fiscal years 2020–2024
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