The Pearlstone Fund Inc
The Pearlstone Fund Inc is a private foundation, based in Baltimore, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $7.0M in total assets. In 2025, it awarded 9 grants totaling $525K. Net investment income was $2.1M.
The Pearlstone Fund Inc at a glance
In short: The Pearlstone Fund Inc gave $525K across 9 grants in 2025 (avg $58K), mostly in Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $525,000
- +8.9% vs 2024
- Grants made (2025)
- 9
- -18.2% vs 2024
- Average grant
- $58,333
- +33.1% vs 2024
- Median grant
- $15,000
- Total assets
- $6,971,259
- +29.0% vs 2024
- Primary geography
- Maryland (81% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Pearlstone Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was The Associated ($400K). Together the top 9 received $525K.
Grant Size Distribution
52 grants across all recorded years
The most common grant size was under $50K: 45 grants of 52 (87%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
Cities
How The Pearlstone Fund Inc gives
- Giving held roughly steady from 2022 to 2025 (−5%). Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $338K (2020) to $552K (2022). In 2025 it made 9 grants totaling $525K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Associated Baltimore, MD | General purpose of organization | $400,000 |
| Aspen Community Foundation Aspen, CO | General purpose of organization | $39,000 |
| Aspen Family Connections Aspen, CO | General purpose of organization | $30,000 |
| Aspen Santa Fe Ballet Aspen, CO | General purpose of organization | $20,000 |
| Johns Hopkins Medical Center Baltimore, MD | General purpose of organization | $15,000 |
| Aspen Film Aspen, CO | General purpose of organization | $10,000 |
| An End to Ignorance Baltimore, MD | General purpose of organization | $5,000 |
| Believe in Tomorrow Baltimore, MD | General purpose of organization | $5,000 |
| Enoch Pratt Library - Contemporaries Baltimore, MD | General purpose of organization | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,971,259 | $2,181,169 | $613,444 | $525,000 | 9 | $525,000 | $2,092,725 | $534,694 |
| 2024 | $5,403,534 | $590,101 | $553,985 | $482,245 | 11 | $482,245 | $518,361 | $492,128 |
| 2023 | $5,367,418 | $364,528 | $609,407 | $540,010 | 10 | $540,010 | $295,131 | $488,446 |
| 2022 | $5,612,297 | $1,252,748 | $625,010 | $551,794 | 9 | $551,794 | $1,179,532 | $563,654 |
| 2021 | $4,984,559 | $938,982 | $427,239 | $360,871 | 13 | — | $872,614 | $374,691 |
| 2020 | $4,472,816 | $720,774 | $395,676 | $337,715 | 12 | — | $662,813 | $348,043 |
Under IRS private-foundation payout rules, The Pearlstone Fund Inc reported a distributable amount of $535K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Pearlstone Fund Inc is led by Esther S Pearlstone, President & Trustee since 2023 (on filings since 2020); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Esther S Pearlstone
President & Trustee
President → President & Trustee, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
PJustin Pearlstone
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Richard L Pearlstone
Vice President, Secretary, Treasurer & Trustee
Vice President, Secretary & Treasurer → Vice President, Secretary, Treasurer & Trustee, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Jacqueline Pearlstone
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Remy Pearlstone
Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Sanford D Schreiber
Vice President, Assistant Secretary & Trustee
On filings since 2023
0.5 hrs/week
No compensation reported
Charles J Siegel
Vice President & Assitant Secretary
Assistant Secretary → Vice President & Assitant Secretary, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Pearlstone Fund Inc
How much does The Pearlstone Fund Inc give each year?
The Pearlstone Fund Inc gave $525K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $482K across 11 grants.
What is The Pearlstone Fund Inc's typical grant size?
The Pearlstone Fund Inc's median grant in 2025 was $15,000, and its average grant was $58,333, across 9 grants on its 2025 IRS Form 990-PF.
Where does The Pearlstone Fund Inc give grants?
The Pearlstone Fund Inc gives mostly in Maryland: 81% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Colorado (19%). The most frequent recipient cities were Baltimore, MD (5 grants) and Aspen, CO (4 grants).
Does The Pearlstone Fund Inc give general operating support?
Yes: 100% of The Pearlstone Fund Inc's 2025 grants with a stated purpose (9 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Pearlstone Fund Inc's largest grantees?
The Pearlstone Fund Inc's largest 2025 grantees include The Associated ($400,000), Aspen Community Foundation ($39,000) and Aspen Family Connections ($30,000), according to its 2025 IRS Form 990-PF. Together they received 89% of its itemized 2025 grant dollars.
How large is The Pearlstone Fund Inc?
The Pearlstone Fund Inc reported $7.0M in total assets on its 2025 IRS Form 990-PF. It paid out $525K in qualifying distributions that year, against a required minimum of $535K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Pearlstone Fund Inc's EIN?
The Pearlstone Fund Inc's EIN (Employer Identification Number) is 52-2179370. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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