The Millstream Fund Inc
The Millstream Fund Inc is a private foundation established in 1986 and incorporated in Delaware. Based in Bethesda, Maryland, the organization operates as a family foundation with a focus on grantmaking to nonprofit organizations across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.9M
+7.3% YoY
Annual Giving
$2.5M
+12.4% YoY
Grant Count
40
+2.6% YoY
Avg Grant Size
$61K
+9.6% YoY
Under IRS private-foundation payout rules, The Millstream Fund Inc reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The Millstream Fund is an active grantmaker with a diverse portfolio of recipients. In the most recent grant cycle, the foundation made 44 grants totaling approximately $2.4 million.
Review Cycle
, the foundation made 44 grants totaling approximately $2.4 million.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of November 2024:
- Total Assets: $16,891,871
- Total Revenues: $3,788,554
- Total Expenses: $2,644,747
- Grants and Contributions: $2,200,000
Revenue Composition (FYE 11/2024):
- Grants and Contributions: $2,200,000
- Investment Income and Dividends: $193,432
- Net Gain from Sale of Non-Inventory Assets: $1,395,122
The foundation has shown growth in recent years, with total grants and contributions increasing 10% from the prior year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,891,871 | $15,748,064 | $15,367,729 |
| Revenue | $3,788,554 | $2,777,474 | $4,553,006 |
| Expenses | $2,644,747 | $2,397,139 | $3,421,818 |
| Qualifying Distributions | $2,467,226 | $2,200,203 | $3,189,926 |
| Net Investment Income | $1,411,033 | $625,599 | $3,183,912 |
| Distributable Amount | $1,308,795 | $980,628 | $877,344 |
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 2024
Grant Size Distribution
206 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include National Dance Institute - New York ($350,000), Population Council ($333,334), Trust for America's Health ($333,334).
| Recipient | Purpose | Amount |
|---|---|---|
| Akshaya Patra USA Stoneham, MA | General support | $10,000 |
| American Civil Liberties Union Natl Headquarters New York, NY | SUPPORT FOR THE FIGHT FOR FAIR VOTING RIGHTS | $100,000 |
| Asian Cultural Council New York, NY | General support | $25,000 |
| Bach Choir of Bethlehem Bethlehem, PA | General support | $25,000 |
| Baykids San Francisco, CA | General support | $20,000 |
| Brearley School New York, NY | General support | $3,500 |
| California State Parks Foundation San Francisco, CA | General support | $25,000 |
| Center For Reproductive Rights New York, NY | General support | $25,000 |
| Central Park Conservancy New York, NY | General support | $25,000 |
| Chamber Music Society of Lincoln Center New York, NY | General support | $25,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is supported by Hope Aldrich.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HOPE ALDRICH | PRESIDENT | 1 | — |
| PHOEBE JANE WINTHROP | SECRETARY | 1 | — |
Contact Information
Address: 4600 East West Hwy, Suite 900, Bethesda, MD 20814-3423
Telephone: 301-272-6000
EIN: 52-1472819
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from The Millstream Fund Inc?
The Millstream Fund is an active grantmaker with a diverse portfolio of recipients. In the most recent grant cycle, the foundation made 44 grants totaling approximately $2.4 million. **Recent Grant Examples (2024):** • Population Council: $333,334 (General Support) • Trust For America's Health (TFAH): $333,334 (General Support) • Planned Parenthood Federation of America: $250,000 (General Support) The foundation supports organizations across various focus areas, including health, reproductive r…
What size grants does The Millstream Fund Inc award?
In 2024, The Millstream Fund Inc awarded 40 grants totaling $2.5M — an average of about $61K per grant, based on its IRS Form 990 filings.
How much is The Millstream Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Millstream Fund Inc reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Millstream Fund Inc's EIN?
The Millstream Fund Inc's EIN (Employer Identification Number) is 52-1472819. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Millstream Fund Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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