The 54 Fund
The 54 Fund is a private foundation based in Stockton, California. In 2024, it awarded 99 grants totaling $527,180, with 98% of grant dollars going to organizations in California; its listed grants include support for community, youth, education, cultural, and health organizations.
The 54 Fund at a glance
In short: The 54 Fund gave $527K across 99 grants in 2024 (avg $5K), mostly in California. 15% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $527,180
- +20.2% vs 2023
- Grants made (2024)
- 99
- +16.5% vs 2023
- Average grant
- $5,325
- +3.2% vs 2023
- Median grant
- $2,500
- Total assets
- $14,957,313
- +12.4% vs 2023
- New grantees (estimate)
- 15% first-time grantees (15 of 99, 2024)
- Primary geography
- California (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The 54 Fund
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 4081, Stockton, CA 95204
Phone: (209) 265-7937
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The 54 Fund funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was St Mary's Dining Room ($78K). Together the top 10 received $292K.
Grant Size Distribution
270 grants across all recorded years
The most common grant size was under $50K: 269 grants of 270 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grant distribution was concentrated in California: 98% of grant dollars went to recipients in that state. The filing also lists shares for Illinois (1%), the District of Columbia (0%), and Virginia (0%). Many named 2024 recipients are in Stockton and other San Joaquin County communities.
Grant Distribution by State
Share of 2024 grant dollars across all 99 itemized grants.
Cities
Is The 54 Fund open to new grantees?
15%
first-time grantees, 2024
In 2024, 15 of 99 grantees (15%) were first-time recipients. First grants averaged $6K; repeat grants $5K. How we count
Medians: $2K first-time, $3K repeat.
- 79% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $272K (2022) to $527K (2024). In 2024 it made 99 grants totaling $527K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Mary's Dining Room Stockton, CA | General Support | $78,000 |
| United Way of San Joaquin Stockton, CA | General Support | $35,000 |
| Stockton Beautiful Ripon, CA | General Support | $30,000 |
| Haggin Museum Lodi, CA | General Support | $25,000 |
| St Mary's High School Foundation Stockton, CA | General Support | $25,000 |
| Lodi Boys and Girls Club Lodi, CA | General Support | $25,000 |
| Diocese of Stockton Stockton, CA | General Support | $25,000 |
| Oak Grove Nature Center Stockton, CA | General Support | $23,880 |
| Children's Museum of Stockton Stockton, CA | General Support | $15,000 |
| Goodwill Industries of San Joaquin Valley Manteca, CA | General Support | $10,000 |
Ready to take the next step with The 54 Fund?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $14,957,313 | $818,624 | $676,049 | $527,180 | 99 | $619,240 | $514,695 | $719,161 |
| 2023 | $13,301,691 | $434,659 | $660,493 | $438,450 | 85 | $609,248 | $298,203 | $625,238 |
| 2022 | $12,057,693 | $368,658 | $378,337 | $272,479 | 86 | $349,776 | $114,778 | $598,211 |
| 2021 | $11,973,971 | $11,979,198 | $5,227 | — | — | $5,227 | $19,736 | $341,626 |
Under IRS private-foundation payout rules, The 54 Fund reported a distributable amount of $719K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the fund itself is provided. Its 2024 grants include general support for organizations whose own missions span several areas. For example, Lodi Boys and Girls Club says it aims to help young people reach their full potential, and St. Mary’s High School Foundation says it advances the school’s educational goals. Children’s Museum of Stockton describes its work as providing interactive learning exhibits for children, while Hospice of San Joaquin says it provides care and support to terminally ill patients and their families.
Grantmaking
In 2024, The 54 Fund made 99 grants totaling $527,180. Grant amounts ranged from $500 to $78,000, with a median of $2,500. Its largest grants included $78,000 to St. Mary’s Dining Room, $35,000 to United Way of San Joaquin, and $30,000 to Stockton Beautiful. Each was listed for general support. Other grants of $25,000 each went to Haggin Museum, St. Mary’s High School Foundation, Lodi Boys and Girls Club, and Diocese of Stockton, also for general support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Manuel Lopez, Valencia Jones, Mark Moreno, and Michael Duffy as directors; Karyn Johnson as chair and director; Nora Stroh as vice chair and director; and Steve Liega as director, secretary, and treasurer.
The 54 Fund is led by Karyn Johnson, Chair & Director since 2023 (on filings since 2021); 2 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Karyn Johnson
Chair & Director
Director → Chair & Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Nora Stroh
Vice Chair & Director
Director → Vice Chair & Director, 2023
On filings since 2021
10 hrs/week
$11K (2024)
Steve Liega
Director Secretary & Treasurer
Director → Director Secretary & Treasurer, 2023
On filings since 2021
10 hrs/week
$11K (2024)
Manuel Lopez
Director
Chair & Director → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Mark Moreno
Director
On filings since 2021
1 hr/week
No compensation reported
Michael Duffy
Director
Director Secretary & Treasurer → Director, 2023
On filings since 2021
10 hrs/week
No compensation reported
Valencia Jones
Director
Vice Chair & Director → Director, 2023
On filings since 2021
1 hr/week
No compensation reported
Former officers (2)
- Former: Edward Figeroa (2021–2023) — Director
- Former: Mary Webb (2021–2022) — Director
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $11K, to Nora Stroh (Vice Chair, Director). 2 officers or directors reported compensation on that filing.
Frequently asked questions about The 54 Fund
How much does The 54 Fund give each year?
The 54 Fund gave $527K across 99 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $438K across 85 grants.
What is The 54 Fund's typical grant size?
The 54 Fund's median grant in 2024 was $2,500, and its average grant was $5,325, across 99 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The 54 Fund that year got $6K on average.
Where does The 54 Fund give grants?
The 54 Fund gives mostly in California: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Stockton, CA (61 grants), Lodi, CA (12 grants), Manteca, CA (5 grants) and French Camp, CA (3 grants).
Does The 54 Fund give general operating support?
Yes: 100% of The 54 Fund's 2024 grants with a stated purpose (99 of 99) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The 54 Fund's largest grantees?
The 54 Fund's largest 2024 grantees include St Mary's Dining Room ($78,000), United Way of San Joaquin ($35,000) and Stockton Beautiful ($30,000), according to its 2024 IRS Form 990-PF. Together they received 27% of its itemized 2024 grant dollars.
How large is The 54 Fund?
The 54 Fund reported $15.0M in total assets on its 2024 IRS Form 990-PF. It paid out $619K in qualifying distributions that year, against a required minimum of $719K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The 54 Fund fund?
No mission statement for the fund itself is provided. Its 2024 grants include general support for organizations whose own missions span several areas. For example, Lodi Boys and Girls Club says it aims to help young people reach their full potential, and St. See mission & focus areas ↑
How do I apply for a grant from The 54 Fund?
The foundation 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 The 54 Fund's EIN?
The 54 Fund's EIN (Employer Identification Number) is 87-1724276. IRS Form 990 filing data is available on this page for 2021–2024.
Does The 54 Fund 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Live grants for the work The 54 Fund funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The 54 Fund's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The 54 Fund funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/the-54-fund-morg_2825dc82d5964093b5c834cc6de65f9a
BibTeX
@misc{grantable_871724276_2026,
author = {{Grantable}},
title = {{The 54 Fund funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-54-fund-morg_2825dc82d5964093b5c834cc6de65f9a},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The 54 Fund's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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