Stephens Family Foundation Inc
Stephens Family Foundation Inc is a private independent foundation based in Shorewood, Wisconsin. Established in 2006 and designated as a 501(c)(3) organization, the foundation operates as a non-operating private foundation with a volunteer leadership team and no paid employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.8M
+3.8% YoY
Annual Giving
$724K
+32.4% YoY
Grant Count
15
-6.3% YoY
Avg Grant Size
$48K
+41.2% YoY
Under IRS private-foundation payout rules, Stephens Family Foundation Inc reported a distributable amount of $470K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary purpose is to make contributions to qualified charities. Its funding priorities include:
- Education and scholarship programs
- Religious/general fund support
- Youth development programs
- Libraries and school libraries/media centers
- Human services, family services, and child welfare
- Philanthropy and nonprofits
- Information and communications
Grantmaking
The foundation accepts applications in open letter format.
Grant Range
s:**
Average Grant
$32,000-$33,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Wisconsin, with grantmaking concentrated in the state. Geographic reach extends to Minnesota, Massachusetts, and Texas, with 94% of grants supporting organizations in Wisconsin, Minnesota, and Massachusetts across five states.
Specific communities supported include Amherst, Fox Point, Lindale, Mequon, Milwaukee, Northampton, Northfield, and Whitefish Bay.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $9.8 million-$9.835 million
- Total revenues: $1.2 million
- Total expenses: $761,799
Assets & Revenue (2023):
- Total assets: $9.47 million
- Total revenues: $291,000
- Total expenses: $580,000
Historical Growth: Total assets have grown from $2.9 million in 2011 to $9.5 million in 2023.
Giving Rate: Approximately 5.2% of assets distributed annually.
Tax Status: Contributions to the foundation are tax-deductible.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,835,282 | $9,473,091 | $8,881,489 |
| Revenue | $1,207,278 | $291,175 | $57,709 |
| Expenses | $761,799 | $579,944 | $480,971 |
| Qualifying Distributions | $724,325 | $547,271 | $477,874 |
| Net Investment Income | $924,754 | $260,702 | $57,709 |
| Distributable Amount | $470,465 | $449,842 | $471,452 |
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
81 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Incourage Community ($250,000), University School of Milwaukee ($148,050), Ninewise Publishing Foundation ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Ninewise Publishing Foundation Whitefish Bay, WI | Early Childhood Education | $50,000 |
| Carelton College Northfield, MN | Education | $25,000 |
| University School of Milwaukee Mequon, WI | Scholarships | $40,000 |
| United Community Center Milwaukee, WI | Education | $50,000 |
| Messengers of Mercy Lindale, TX | Religious/General | $10,000 |
| Milwaukee Institute of Art & Design Milwaukee, WI | Creative Fusion | $30,000 |
| Smith College Northampton, MA | Smith Fund Scholarship | $21,250 |
| Fox Point Lutheran Church Fox Point, WI | Religious | $10,000 |
| All-In-Milwaukee Milwaukee, WI | Education Assistance | $10,000 |
| Milwaukee Institute of Art & Design Milwaukee, WI | Creative Fusion | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Andrew C. Stephens – Co-President (volunteer, no compensation)
- Jane E. Kim – Co-President (volunteer, no compensation)
- Katherine A. Eurich – Treasurer/Assistant Secretary (volunteer, no compensation)
- Sunhee Lee – Secretary (volunteer, no compensation)
The foundation is governed by 4 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW C STEPHENS | CO-PRESIDENT | 0.25 | — |
| JANE E KIM | CO-PRESIDENT | 2 | — |
| KATHERINE A EURICH | TREAS/ASST SEC | 2 | — |
| SUNHEE LEE | SECRETARY | 0.25 | — |
Contact Information
- Address: 4230 N Oakland Ave # 317, Shorewood, WI 53211-2042
- Phone: 414-408-9197 or 414-899-3454
- EIN: 20-4617210
- Tax-exempt status: Since May 2008
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Stephens Family Foundation Inc fund?
The foundation's primary purpose is to make contributions to qualified charities. Its funding priorities include: • Education and scholarship programs • Religious/general fund support • Youth development programs • Libraries and school libraries/media centers • Human services, family services, and child welfare • Philanthropy and nonprofits • Information and communications
How do I apply for a grant from Stephens Family Foundation Inc?
**Grant Activity:** • Made 17 grants in 2024 • Made 66 grants totaling $2.1 million historically • Annual distribution ranges from $478,000 to $563,000 (2020-2023) **Grant Sizes:** • Smallest grant: $5,000 • Median grant: $20,000-$23,000 • Average grant: $32,000-$33,000 • Largest grant: $167,000 • Grant range: $5,000-$250,000 **Recent Grants (2024):** • University School of Milwaukee (USM): $148,050 for scholarships • United Community Center (UCC): $50,000 for education • Ninewise Publishing Fo…
Where does Stephens Family Foundation Inc make grants?
The foundation primarily supports organizations in Wisconsin, with grantmaking concentrated in the state. Geographic reach extends to Minnesota, Massachusetts, and Texas, with 94% of grants supporting organizations in Wisconsin, Minnesota, and Massachusetts across five states. Specific communities supported include Amherst, Fox Point, Lindale, Mequon, Milwaukee, Northampton, Northfield, and Whitefish Bay.
What size grants does Stephens Family Foundation Inc award?
In 2024, Stephens Family Foundation Inc awarded 15 grants totaling $724K — an average of about $48K per grant, based on its IRS Form 990 filings.
How much is Stephens Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Stephens Family Foundation Inc reported a distributable amount of $470K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Stephens Family Foundation Inc's EIN?
Stephens Family Foundation Inc's EIN (Employer Identification Number) is 20-4617210. IRS Form 990 filing data is available on this page for 2020–2024.
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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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