Sterling Insurance Company Foundation 008132 is a corporate foundation established in late 2013 by Sterling Insurance Group. Based in Cobleskill, New York, with offices listed in Oneonta, New York, the foundation was created to provide gifts to charitable organizations and to give charitable giving an honored place within Sterling Insurance's corporate culture. The foundation allows employees greater input into philanthropic decisions and grant allocation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$267K
+36.5% YoY
Grant Count
80
+12.7% YoY
Avg Grant Size
$3K
+21.1% YoY
Mission & Focus Areas
The foundation primarily funds general support for various organizations. According to available information, the foundation's grant-making focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation provides financial support through grants and matching contributions to a multitude of charitable organizations.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$5,000 (based on 2023 data)
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Geographic Focus
Where this funder awards grants
The foundation restricts its grantmaking to New York State, with a primary focus on local communities where Sterling Insurance operates. Documented giving extends to organizations in New York, Vermont, and Virginia, though the foundation maintains an in-state-only application policy.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2024):
- Total Assets: $1,028,975
- Total Revenues: $423,401
- Total Expenses: $275,325
- Number of Employees: 0
Prior Year Data (2023):
- Total Assets: $880,901
- Total Giving: $182,407
- Number of Grants: 17
- Giving Rate: 20.7% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- David Laforest – Vice President (as of May 2024)
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated consistent community engagement through its grantmaking. Recent documented support includes a $5,000 donation to the Marathon for a Better Life, an organization that has assisted over 1,600 cancer patients in Schoharie County with financial assistance. The foundation also supports The Gathering Place 50 Plus Community Center.
Three Sterling organizations receive grant funding from El Pomar Foundation\The foundation's 2024 grantmaking activity shows significant expansion, with 71 grants distributed compared to 17 grants in 2023, indicating increased philanthropic activity and commitment to local charitable organizations.
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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