Stephen & Palmina Pace Foundation Inc

Private foundation · Grantmaker 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 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.

Key facts about Stephen & Palmina Pace Foundation Inc

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.

EIN
47-4164575
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$67,500
Grants made (2025)
2
Average grant
$33,750
Median grant
$33,750
Total assets
$11,756,850
Primary geography
Massachusetts (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$11.8M

+0.0% YoY

Annual Giving

$68K

-55.7% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$34K

-55.7% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

ProvincetownBrooklynPortlandFairfieldNew YorkProvidenceRockland

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K5 grants2018 3 grants2019 4 grants2020 1 grant2021 2 grants2022 2 grants2023 2 grants2024 2 grants2025

From 2018 to 2025, annual grant giving ranged from $32K (2022) to $566K (2018). In 2025 it made 2 grants totaling $68K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Maine College of Art and Design: $50KMaine College of Art andDesign$50KFine Arts Work Center in Provincetown: $18KFine Arts Work Center inProvincetown$18K

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

6<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 9 (67%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Maine College of Art and Design Portland, MAContribution$50,000
Fine Arts Work Center in Provincetown Provincetown, MAUnrestricted Contribution to the Art Center$17,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$5M$10M$15M2018 2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$11,756,850$11,756,638$11,899,952
Revenue$179,667$249,539$80,272
Expenses$278,177$296,253$234,915
Qualifying Distributions$241,164$263,809$203,711
Net Investment Income$148,254$218,303$42,636
Distributable Amount$573,687$72,262$77,363

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990-PF for fiscal year 2018 (received by the IRS January 9, 2020)
  2. Added Form 990-PF for fiscal year 2019 (received by the IRS May 26, 2020)
  3. Added Form 990-PF for fiscal year 2025 (received by the IRS July 15, 2026)
  4. IRS filings on file for fiscal years 2020–2024

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

Catherine Claman — President/Treasurer: $70KCatherine ClamanPresident/Treasurer$70K

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.

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