Stephen & Palmina Pace Foundation Inc

NEW YORK, NY EIN: 47-4164575

Stephen & Palmina Pace Foundation Inc is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.8M in total assets. In 2024, it awarded 2 grants totaling $153K. Net investment income was $218K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$11.8M

-1.2% YoY

Annual Giving

$153K

+87.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$76K

+87.1% YoY

Under IRS private-foundation payout rules, Stephen & Palmina Pace Foundation Inc reported a distributable amount of $72K for 2024 — the minimum it must pay out in qualifying distributions.

About Stephen & Palmina Pace Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Connecticut $346K (51%)

Massachusetts $300K (44%)

New York $30K (4%)

Maine $10K (1%)

States

Connecticut Massachusetts Maine New York

Cities

BrooklynFairfieldPortlandProvincetownRockland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$11,756,638	$11,899,952	$11,899,407
Revenue	$249,539	$80,272	$23,072
Expenses	$296,253	$234,915	$198,476
Qualifying Distributions	$263,809	$203,711	$180,963
Net Investment Income	$218,303	$42,636	$19,275
Distributable Amount	$72,262	$77,363	$77,823

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 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Maine College of Art and Design ($135,000), Fine Arts Work Center in Provincetown ($17,500).

Recipient	Purpose	Amount
FINE ARTS WORK CENTER IN PROVINCETOWN PROVINCETOWN, MA	UNRESTRICTED CONTRIBUTION TO THE ART CENTER	$17,500
MAINE COLLEGE OF ART AND DESIGN PORTLAND, MA	CONTRIBUTION	$135,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CATHERINE CLAMAN	PRESIDENT/TREASURER	35	$70,000
ERNEST R NATALINI	DIRECTOR	5	—
SUSAN VECSEY	DIRECTOR	5	—
BETHANY DOBSON	DIRECTOR	5	—
S WHEELER	SECRETARY	5	—

Frequently Asked Questions

How large is Stephen & Palmina Pace Foundation Inc?

As of 2024, Stephen & Palmina Pace Foundation Inc holds $11.8M in total assets with $250K in annual revenue. It awarded 2 grants totaling $153K in 2024.

Where does Stephen & Palmina Pace Foundation Inc operate?

Stephen & Palmina Pace Foundation Inc has awarded grants in Connecticut, Massachusetts, Maine, New York.

What size grants does Stephen & Palmina Pace Foundation Inc award?

In 2024, Stephen & Palmina Pace Foundation Inc awarded 2 grants totaling $153K — an average of about $76K per grant, based on its IRS Form 990 filings.

How much is Stephen & Palmina Pace Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Stephen & Palmina Pace Foundation Inc reported a distributable amount of $72K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.