The Stone Foundation Inc

Foundation · Grantmaker Longboat Key, FL EIN: 47-5601594

The Stone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Longboat Key, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 9 grants totaling $612K. Net investment income was $448K.

Key facts about The Stone Foundation Inc

EIN
47-5601594
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$612,000
Grants made (2024)
9
Average grant
$68,000
Median grant
$60,000
Total assets
$9,806,118
Primary geography
Florida (42% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The Stone Foundation Inc funds

By grant dollars, the top recipient states for The Stone Foundation Inc's 9 itemized 2024 grants were Florida (42%), Michigan (40%) and New York (17%). The most frequent recipient cities were Sarasota, FL (4 grants). 11% of grants with a stated purpose were for general or operating support.

How The Stone Foundation Inc gives

  • Giving grew 25% from 2021 to 2024. Method
  • In 2024 it paid out 92% 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.

Next steps with The Stone Foundation Inc

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$9.8M

-10.0% YoY

Annual Giving

$612K

-3.5% YoY

Grant Count

9

-25.0% YoY

Avg Grant Size

$68K

+28.7% YoY

Under IRS private-foundation payout rules, The Stone Foundation Inc reported a distributable amount of $663K for 2024 — the minimum it must pay out in qualifying distributions.

About The Stone Foundation Inc

Based on IRS filings

The Stone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Longboat Key, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 9 grants totaling $612K. Net investment income was $448K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 9 itemized 2024 grant dollars.

Cities

SarasotaWest BloomfieldAnn ArborBloomfield HillsNew YorkWayland

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$460K$919K$1M$2M20202021202220232024
Metric202420232022
Total Assets$9,806,118$10,895,466$10,941,386
Revenue$-159,259$758,833$1,365,699
Expenses$930,318$804,753$672,195
Qualifying Distributions$612,000$634,000$619,000
Net Investment Income$448,133$408,865$400,228
Distributable Amount$663,216$595,532$609,060

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$159K$317K$476K$634K9 grants20208 grants202110 grants202212 grants20239 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2024

All Faiths Food Bank: $120KAll Faiths Food Bank$120KThe Friendship Circle: $120KThe Friendship Circle$120KFIDF-Friends of the Israel Def Forc: $106KFIDF-Friends of the Israel DefForc$106KJewish Federation: $75KJewish Federation$75KRingling College of Art Design: $60KRingling College of Art Design$60KSelby Garden: $40KSelby Garden$40KAviva Senior Living: $40KAviva Senior Living$40KPaws with a Cause: $26KPaws with a Cause$26KRegents of University of Michigan: $25KRegents of University ofMichigan$25K

Grant Size Distribution

48 grants across all recorded years

21<$50K18$50–100K9$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include All Faiths Food Bank ($120,000), The Friendship Circle ($120,000), FIDF-Friends of the Israel Def Forc ($106,000).

RecipientPurposeAmount
All Faiths Food Bank Sarasota, FLRun fresh sprout food truckback packvet pantry$120,000
The Friendship Circle West Bloomfield, MITraining for students art lifetownfarber soul ct$120,000
FIDF-Friends of the Israel Def Forc New York, NYIsrael defense forces across the USA$106,000
Jewish Federation Bloomfield Hills, MICamp Program$75,000
Ringling College of Art Design Sarasota, FLStudent professional fundcrossing the finish line$60,000
Selby Garden Sarasota, FLSolar panel entry pond garden conservation & wat$40,000
Aviva Senior Living Sarasota, FLGeneral Fund$40,000
Paws with a Cause Wayland, MITrain dogs for Police School$26,000
Regents of University of Michigan Ann Arbor, MIMedical research in autoimmune$25,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

NameTitleHoursCompensation
Marcia S KleinPresident1—
Stacey SchaefflerVice President1—
Stacey SchaefflerSecretary1—
Mitchell SchwartzVice President1—
Mitchell SchwartzTreasurer1—

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is The Stone Foundation Inc?

The Stone Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Longboat Key, FL. It holds $9.8M in total assets as of 2024.

How large is The Stone Foundation Inc?

As of 2024, The Stone Foundation Inc holds $9.8M in total assets with $-159,259 in annual revenue. It awarded 9 grants totaling $612K in 2024.

Where does The Stone Foundation Inc operate?

The Stone Foundation Inc has awarded grants in Florida, Michigan, New York.

What size grants does The Stone Foundation Inc award?

In 2024, The Stone Foundation Inc awarded 9 grants totaling $612K — an average of about $68K per grant, based on its IRS Form 990 filings.

How much is The Stone Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Stone Foundation Inc reported a distributable amount of $663K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Stone Foundation Inc's EIN?

The Stone Foundation Inc's EIN (Employer Identification Number) is 47-5601594. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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