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
Among its reported 2024 grants, the largest include Cobleskill Partnership Inc ($105,000), Schoharie Economic Enterprise Corp ($50,000), The Community Library ($10,325).
| Recipient | Purpose | Amount |
|---|---|---|
| MARATHON FOR A BETTER LIFE WARNERVILLE, NY | PROVIDE FINANCIAL SUPPORT | $7,575 |
| RONALD MCDONALD HOUSE CHARITIES ALBANY, NY | TO SUPPORT ORANIZATION'S | $75 |
| IROQUOIS INDIAN MUSEUM HOWES CAVE, NY | PROVIDE FINANCIAL SUPPORT | $2,500 |
| LANDIS ARBORETUM ESPERANCE, NY | FUNDRAISER AT GRAPEVINE | $1,950 |
| LITERACY NEW YORK COBLESKILL, NY | PROVIDE SUPPORT FOR | $2,500 |
| THE JOSHUA PROJECT MIDDLEBURGH, NY | PROVIDE SUPPORT OF | $3,975 |
| ANIMAL SHELTER OF SCHOHARIE VALLEY HOWES CAVE, NY | ASSIST IN CARE OF SHELTER | $1,500 |
| SUNY COBLESKILL FOUNDATION COBLESKILL, NY | PROVIDE SUPPORT OF | $5,650 |
| FRIENDS OF BASSETT COOPERSTOWN, NY | MATCHING CONTRIBUTION FROM | $10,150 |
| AMERICAN RED CROSS BALTIMORE, MD | PROVIDE SUPPORT OF | $150 |
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
Frequently Asked Questions
What does Sterling Insurance Company Foundation 008132 fund?
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.
How do I apply for a grant from Sterling Insurance Company Foundation 008132?
**Grant Activity (2024):** • Made 71 grants totaling approximately $232,350 in documented grants • Notable recent grants include: • Cobleskill Partnership Incorporated: $105,000 (General Support) • Schoharie Economic Enterprise Corporation: $50,000 • The Community Library: $10,325 (General Support) **Grant Characteristics:** • Typical award range: $25–$100,500 • Median grant size: $5,000 (based on 2023 data) • Grant range: $1,000–$75,000 **Application Policy:** The foundation does not accept un…
Where does Sterling Insurance Company Foundation 008132 make 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.
What size grants does Sterling Insurance Company Foundation 008132 award?
In 2024, Sterling Insurance Company Foundation 008132 awarded 80 grants totaling $267K — an average of about $3K per grant, based on its IRS Form 990 filings.
What is Sterling Insurance Company Foundation 008132's EIN?
Sterling Insurance Company Foundation 008132's EIN (Employer Identification Number) is 46-7199984. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in Sterling Insurance Company Foundation 008132's focus areas in our free grants database
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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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