Sterner Foundation Inc
Sterner Foundation Inc is a private foundation, based in Abilene, KS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 2 grants totaling $277K. Net investment income was $145K.
Key facts about Sterner Foundation Inc
- EIN
- 48-0847407
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $277,000
- Grants made (2024)
- 2
- Average grant
- $138,500
- Median grant
- $138,500
- Total assets
- $5,695,380
- Primary geography
- Kansas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Sterner Foundation Inc gives
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Sterner Foundation Inc
- How to evaluate Sterner Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.7M
+7.2% YoY
Annual Giving
$277K
+28.8% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$139K
+28.8% YoY
Under IRS private-foundation payout rules, Sterner Foundation Inc reported a distributable amount of $278K for 2024 — the minimum it must pay out in qualifying distributions.
About Sterner Foundation Inc
Based on IRS filings
Sterner Foundation Inc is a private foundation, based in Abilene, KS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 2 grants totaling $277K. Net investment income was $145K.
Ready to take the next step with Sterner Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,695,380 | $5,313,926 | $3,449,187 |
| Revenue | $549,935 | $1,832,722 | $3,449,187 |
| Expenses | $357,254 | $275,755 | — |
| Qualifying Distributions | $277,000 | $223,000 | — |
| Net Investment Income | $144,954 | $148,005 | $1,165 |
| Distributable Amount | $278,377 | $224,441 | $6,990 |
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 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Central Kansas Free Fair ($261,500), Historic Abilene Inc ($15,500).
| Recipient | Purpose | Amount |
|---|---|---|
| CENTRAL KANSAS FREE FAIR Abilene, KS | CKFF BEEF BARNS, TABLES AND CHAIRS | $261,500 |
| HISTORIC ABILENE INC Abilene, KS | PAVILION ENHANCEMENTS,EDUCATION CENT | $15,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Peter L Peterson | Secretary | 1 | — |
| James J Krueger | President | 1 | — |
| Randy J Gassman | Treasurer | 1 | — |
Frequently Asked Questions
How large is Sterner Foundation Inc?
As of 2024, Sterner Foundation Inc holds $5.7M in total assets with $550K in annual revenue. It awarded 2 grants totaling $277K in 2024.
Where does Sterner Foundation Inc operate?
Sterner Foundation Inc has awarded grants in Kansas.
What size grants does Sterner Foundation Inc award?
In 2024, Sterner Foundation Inc awarded 2 grants totaling $277K — an average of about $139K per grant, based on its IRS Form 990 filings.
How much is Sterner Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Sterner Foundation Inc reported a distributable amount of $278K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Sterner Foundation Inc's EIN?
Sterner Foundation Inc's EIN (Employer Identification Number) is 48-0847407. 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.