The Sterling Insurance Company Foundation is a private foundation located in Oneonta, New York. Created in late 2013 by Sterling Insurance Group, it makes gifts to charitable organizations; the company says the foundation gives charitable giving a place in its corporate culture and allows employees a greater say in how much is given and to whom.
Key facts about Sterling Insurance Company Foundation 008132
In short: Sterling Insurance Company Foundation 008132 gave $172K across 78 grants in 2025 (avg $2K), mostly in New York. 29% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 46-7199984
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $172,400
- Grants made (2025)
- 78
- Average grant
- $2,210
- Median grant
- $300
- New grantees (estimate)
- 29% first-time grantees (23 of 78, 2025)
- Total assets
- $1,388,044
- Primary geography
- New York (98% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
+34.9% YoY
Annual Giving
$172K
-35.3% YoY
Grant Count
78
-2.5% YoY
Avg Grant Size
$2K
-33.7% YoY
Under IRS private-foundation payout rules, Sterling Insurance Company Foundation 008132 reported a distributable amount of $58K for 2025 — the minimum it must pay out in qualifying distributions.
Is Sterling Insurance Company Foundation 008132 open to new grantees?
29%
first-time grantees, 2025
In 2025, 23 of 78 grantees (29%) were first-time recipients. First grants averaged $321; repeat grants $3K. How we count
Medians: $200 first-time, $500 repeat.
- 60% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 308% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No separate foundation mission statement is provided. Its 2025 grants went to a range of charitable organizations. For example, Marathon for a Better Life says it provides support to distressed cancer patients and their families in Schoharie County, while Schoharie County Community Action says it provides community-based support services to county residents. The Animal Shelter of Schoharie Valley describes its work as adoption and care of stray and abandoned animals; the Iroquois Indian Museum says it fosters understanding of Iroquois culture through art and education.
Grantmaking
In 2025, the foundation made 78 grants totaling $172,400. Grants ranged from $50 to $50,500, with a median of $300. The largest awards included $50,500 to Schoharie Economic Enterprise Corp., $31,975 to The Joshua Project, and $10,000 to Schoharie County Council of Senior. Other grants included $5,725 to Marathon for a Better Life and $5,450 to Cobleskill-Richmondville Education Foundation.
How to Apply
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Sterling Insurance Company Foundation 008132?
Geographic Focus
Where this funder awards grants
In 2025, 98% of grant dollars went to recipients in New York. The 2025 grants also included recipients in Tennessee, Oklahoma, Maryland, and Virginia, each accounting for 0% of grant dollars in the reported state shares.
Grant Distribution by State
Share of 2025 grant dollars across all 78 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $140K (2021) to $267K (2024). In 2025 it made 78 grants totaling $172K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Schoharie Economic Enterprise Corp ($51K). Together the top 10 received $129K.
Grant Size Distribution
376 grants across all recorded years
The most common grant size was under $50K: 370 grants of 376 (98%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schoharie Economic Enterprise Corp Schoharie, NY | Provide Support of | $50,500 |
| The Joshua Project Middleburgh, NY | Provide Support of | $31,975 |
| Schoharie County Council of Senior Cobleskill, NY | Provide Support of | $10,000 |
| Marathon for a Better Life Warnerville, NY | Provide Financial Support | $5,725 |
| Cobleskill Richmondville Education Fdn Cobleskill, NY | General Support | $5,450 |
| SUNY Cobleskill Foundation Cobleskill, NY | Provide Support of | $5,150 |
| Cobleskill Partnership Inc Cobleskill, NY | General Support | $5,150 |
| Friends of Bassett Cooperstown, NY | Matching Contribution from | $5,000 |
| Cobleskill Fire Department Cobleskill, NY | Provide Support of | $5,000 |
| Helios Care Oneonta, NY | Provide Support of | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $1,388,044 | $548,931 | $189,863 | $172,400 |
| 2024 | $1,028,975 | $423,401 | $275,325 | $266,600 |
| 2023 | $880,901 | $100,603 | $201,481 | $195,307 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,388,044 | $1,028,975 | $880,901 |
| Revenue | $548,931 | $423,401 | $100,603 |
| Expenses | $189,863 | $275,325 | $201,481 |
| Qualifying Distributions | $177,456 | $269,459 | $197,808 |
| Net Investment Income | $410,747 | $366,507 | $62,060 |
| Distributable Amount | $57,663 | $57,766 | $53,378 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
Leadership & Key People
Officers and directors from IRS filings
Sterling Insurance Company Foundation 008132's only listed officer is Community Bank NA, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
Community Bank NA
Trustee
On filings since 2019
1 hr/week
$5K (2019) → $6K (2025)
Data from IRS Form 990 filings, 2019–2025. "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
The highest reported compensation on the 2025 filing was $6K, to Community Bank NA (Trustee).
Contact
Mailing address: 5 Ford Ave, Oneonta, NY 13820
Phone: (607) 433-4122
Website: https://sterlingins.com
Frequently asked questions about Sterling Insurance Company Foundation 008132
How much does Sterling Insurance Company Foundation 008132 give each year?
Sterling Insurance Company Foundation 008132 gave $172K across 78 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $267K across 80 grants.
What is Sterling Insurance Company Foundation 008132's typical grant size?
Sterling Insurance Company Foundation 008132's median grant in 2025 was $300, and its average grant was $2,210, across 78 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Sterling Insurance Company Foundation 008132 that year got $321 on average.
Where does Sterling Insurance Company Foundation 008132 give grants?
Sterling Insurance Company Foundation 008132 gives mostly in New York: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Cobleskill, NY (11 grants), Schoharie, NY (7 grants), Albany, NY (4 grants) and Worcester, NY (4 grants).
Does Sterling Insurance Company Foundation 008132 give general operating support?
Yes: 69% of Sterling Insurance Company Foundation 008132's 2025 grants with a stated purpose (54 of 78) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Provide Support of" (10 grants) and "Provide Support for" (8 grants).
Who are Sterling Insurance Company Foundation 008132's largest grantees?
Sterling Insurance Company Foundation 008132's largest 2025 grantees include Schoharie Economic Enterprise Corp ($50,500), The Joshua Project ($31,975) and Schoharie County Council of Senior ($10,000), according to its 2025 IRS Form 990-PF. Together they received 54% of its itemized 2025 grant dollars.
How large is Sterling Insurance Company Foundation 008132?
Sterling Insurance Company Foundation 008132 reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $177K in qualifying distributions that year, against a required minimum of $58K (roughly 5% of its investment assets).
What does Sterling Insurance Company Foundation 008132 fund?
No separate foundation mission statement is provided. Its 2025 grants went to a range of charitable organizations. See mission & focus areas ↑
How do I apply for a grant from Sterling Insurance Company Foundation 008132?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Does Sterling Insurance Company Foundation 008132 accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Sterling Insurance Company Foundation 008132 by hand.
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