The Morris & Bessie Altman Foundation
The Morris & Bessie Altman Foundation is a private foundation established in 1989 in Vermont and based in Shelburne, VT. The foundation supports nonprofit organizations with a primary emphasis on the Burlington area and broader Vermont region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.0M
+3.9% YoY
Annual Giving
$602K
-18.0% YoY
Grant Count
67
+1.5% YoY
Avg Grant Size
$9K
-19.2% YoY
Mission & Focus Areas
The foundation's giving focuses primarily on higher and other education. Additional areas of interest include:
- Human services
- Health
- Media and communications
- The environment
- Children and youth
- Arts and culture, including museums
Grantmaking
The Stern Center for Language & Learning received multiple grants totaling $230,000 in general support during the most recent grant year.
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Geographic Focus
Where this funder awards grants
The foundation supports nonprofit organizations in Vermont, with particular emphasis on the Burlington area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $8,009,074
- Total annual giving: $601,500
- Total revenues: $2,323,880
- Total expenses: $931,531
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,009,074 | $7,708,654 | $6,929,134 |
| Revenue | $2,323,880 | $1,920,283 | $2,082,561 |
| Expenses | $931,531 | $938,877 | $600,932 |
| Qualifying Distributions | $625,075 | $773,581 | $452,113 |
| Net Investment Income | $833,136 | $279,474 | $386,718 |
| Distributable Amount | $587,910 | $447,550 | $450,844 |
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
195 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MAJORIE STERN | DIRECTOR | — | — |
| ABBI STERN | DIRECTOR | — | — |
| SARENA STERN | DIRECTOR | — | — |
| PETER STERN | DIRECTOR | — | — |
Contact Information
Address: PO Box 458 Shelburne, VT 05482-0458 United States
Phone: 802-985-9943
EIN: 03-0323120
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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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