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.
Key facts about Stephens Family Foundation Inc
- EIN
- 20-4617210
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $724,300
- Grants made (2024)
- 15
- Average grant
- $48,287
- Median grant
- $30,000
- New grantees (estimate)
- 27% first-time grantees (3 of 11, 2024)
- Total assets
- $9,835,282
- Primary geography
- Wisconsin (92% of itemized 2024 grant dollars)
- How to apply
- The foundation accepts applications in open letter format. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Stephens Family Foundation Inc funds
By grant dollars, the top recipient states for Stephens Family Foundation Inc's 15 itemized 2024 grants were Wisconsin (92%). The most frequent recipient cities were Milwaukee, WI (5 grants), Mequon, WI (2 grants) and Whitefish Bay, WI (2 grants). 7% of grants with a stated purpose were for general or operating support. Recurring purposes include "Scholarships" (3 grants).
Is Stephens Family Foundation Inc open to new grantees?
27%
first-time grantees, 2024
In 2024, 3 of 11 grantees (27%) were first-time recipients. First grants averaged $105K; repeat grants $51K. How we count
Medians: $40K first-time, $28K repeat.
- 73% of 2024 grantees were also funded in 2023. Method
- Giving grew 41% from 2021 to 2024. Method
- In 2024 it paid out 154% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Stephens Family Foundation Inc
- How to evaluate Stephens Family Foundation Inc as a funder
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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
Grant Range
s:**
Average Grant
$32,000-$33,000
How to Apply
**
Ready to take the next step with Stephens Family Foundation Inc?
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
Share of all 15 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Incourage Community ($250,000), University School of Milwaukee ($188,050 across 2 grants), Ninewise Publishing Foundation ($80,000 across 2 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| Incourage Community Wisconsin Rapids, WI | Community | $250,000 |
| University School of Milwaukee Mequon, WI | Scholarships | $148,050 |
| Ninewise Publishing Foundation Whitefish Bay, WI | Early Childhood Education | $50,000 |
| United Community Center Milwaukee, WI | Education | $50,000 |
| University School of Milwaukee Mequon, WI | Scholarships | $40,000 |
| Big Brothers Big Sisters Milwaukee, WI | Youth Development | $40,000 |
| Milwaukee Institute of Art & Design Milwaukee, WI | Creative Fusion | $30,000 |
| Ninewise Publishing Foundation Whitefish Bay, WI | Early Childhood Education | $30,000 |
| Carelton College Northfield, MN | Education | $25,000 |
| Smith College Northampton, MA | Smith Fund Scholarship | $21,250 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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?
The foundation accepts applications in open letter format. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.