The Herbert Howe Steel Fund

SAINT LOUIS, MO EIN: 23-6215260

The Herbert Howe Steel Fund is a private foundation, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $411K in total assets. In 2024, it awarded 1 grants totaling $20K. Net investment income was $20K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$411K

-0.0% YoY

Annual Giving

$20K

-7.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$20K

-7.0% YoY

Under IRS private-foundation payout rules, The Herbert Howe Steel Fund reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.

About The Herbert Howe Steel Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $111K (100%)

States

Pennsylvania

Cities

Philadelphia

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$410,971	$411,036	$422,279
Revenue	$21,503	$12,750	$17,075
Expenses	$21,970	$23,508	$23,870
Qualifying Distributions	$21,167	$22,757	$22,185
Net Investment Income	$20,442	$12,109	$16,293
Distributable Amount	$23,191	$21,305	$22,234

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Foundation for Health Equity ($20,000).

Recipient	Purpose	Amount
FOUNDATION FOR HEALTH EQUITY PHILADELPHIA, PA	GENERAL OPERATING	$20,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ELIZABETH STEEL LONGSTRETH	CO-TRUSTEE	1	—
WELLS FARGO BANK N A	TRUSTEE	1	$653

Frequently Asked Questions

How large is The Herbert Howe Steel Fund?

As of 2024, The Herbert Howe Steel Fund holds $411K in total assets with $22K in annual revenue. It awarded 1 grants totaling $20K in 2024.

Where does The Herbert Howe Steel Fund operate?

The Herbert Howe Steel Fund has awarded grants in Pennsylvania.

What size grants does The Herbert Howe Steel Fund award?

In 2024, The Herbert Howe Steel Fund awarded 1 grants totaling $20K — an average of about $20K per grant, based on its IRS Form 990 filings.

How much is The Herbert Howe Steel Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Herbert Howe Steel Fund reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.