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
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
No grants recorded for .
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
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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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