The Mary Peace Sterling Foundation
The Mary Peace Sterling Foundation is a private foundation established in 2001 in South Carolina and currently based in Cranbury, New Jersey. It operates as a 501(c)(3) organization and is classified as a family foundation supported by the Mary P Sterling Estate.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$5.5M
-0.3% YoY
Annual Giving
$322K
-58.3% YoY
Grant Count
10
-47.4% YoY
Avg Grant Size
$32K
-20.8% YoY
Mission & Focus Areas
The foundation's grant-making priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation operates on a preselected basis only and does not accept unsolicited applications for funds. It only makes contributions to preselected charitable organizations.
Grant Range
$1,000–$343,333
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- South Carolina
- Florida
- North Carolina
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2025:
- Total Assets: $5,526,826
- Total Giving: $322,000
- Total Revenues: $414,801
- Total Expenses: $430,314
- Total Liabilities: $0
Revenue Composition (FYE June 2025):
- Investment income and dividends: $111,788
- Net gain from sale of non-inventory assets: $303,013
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $5,526,826 | $5,542,339 | $5,913,561 |
| Revenue | $414,801 | $474,791 | $245,711 |
| Expenses | $430,314 | $846,013 | $708,063 |
| Qualifying Distributions | $322,170 | $772,604 | $641,333 |
| Net Investment Income | $315,382 | $402,020 | $180,075 |
| Distributable Amount | $349,197 | $319,550 | $315,661 |
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 2025
Grant Size Distribution
70 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Peace Sullivan serves as Trustee (0.5 hours per week, no compensation)
The foundation operates with limited staffing based on reported board members and key employees.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PEACE SULLIVAN | TRUSTEE | 0.5 | — |
Contact Information
Address: 101 Interchange Plaza, Suite 301, Cranbury, NJ 08512-3716
Phone: 732-372-0191
IRS Status: Tax-exempt since March 2002 | EIN: 57-1114028
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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