W Clement & Jessie V Stone Foundation
The W. Clement & Jessie V. Stone Foundation is a private foundation based in Chicago, Illinois. It supports educational and developmental opportunities intended to advance equitable outcomes and help children and young people fulfill their potential.
Key facts about W Clement & Jessie V Stone Foundation
In short: W Clement & Jessie V Stone Foundation gave $5.2M across 97 grants in 2024 (avg $53K), top state Illinois. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 36-2498125
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $5,156,250
- Grants made (2024)
- 97
- Average grant
- $53,157
- Median grant
- $50,000
- New grantees (estimate)
- 18% first-time grantees (17 of 96, 2024)
- Total assets
- $123,390,339
- Primary geography
- Illinois (30% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests. Full details ↓
- Deadline
- The filing lists deadlines as N/A; for invited proposals, submission dates are arranged individually.
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$123.4M
+2.5% YoY
Annual Giving
$5.2M
-0.3% YoY
Grant Count
97
+1.0% YoY
Avg Grant Size
$53K
-1.3% YoY
Under IRS private-foundation payout rules, W Clement & Jessie V Stone Foundation reported a distributable amount of $6.1M for 2024 — the minimum it must pay out in qualifying distributions.
Is W Clement & Jessie V Stone Foundation open to new grantees?
18%
first-time grantees, 2024
In 2024, 17 of 96 grantees (18%) were first-time recipients. First grants averaged $27K; repeat grants $59K. How we count
Medians: $10K first-time, $60K repeat.
- 80% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated commitment is to provide educational and developmental opportunities that support equitable outcomes and enable all children and young people to fulfill their potential. It seeks policy and systems change in its funded cities and states, and aims to use effective practices from those places to inform change elsewhere. Its stated principles also include supporting the participation and leadership of people affected by change, collaboration, and professional development that accounts for factors such as race, language, culture, social-emotional learning, and mental health.
In education, the foundation supports work to prepare and develop teachers and leaders and advance policies associated with equitable outcomes for students. Its youth development portfolio prioritizes programs engaging low-income and underserved young people ages 10–24 through youth media, organizing, leadership, and advocacy, along with work that strengthens organizations and the field. Early childhood development is also among the foundation’s funded fields.
Grantees’ stated missions illustrate the kinds of organizations it supports. The Education Trust says it works to dismantle racial and economic barriers in education through research and advocacy. Oakland Kids First describes its work as increasing youth voice, leadership, and power to create engaging and equitable public schools. Start Early says it advances quality early learning for families with children, from before birth through the earliest years.
Grantmaking
In 2024, the foundation made 97 grants totaling $5,156,250. Grant amounts ranged from $450 to $225,000, with a median grant of $50,000.
Review Cycle
, generally around late April or early May and late October. It reports that the time from initial contact to receiving a grant can range from six months to a year.
Ready to take the next step with W Clement & Jessie V Stone Foundation?
Geographic Focus
Where this funder awards grants
The foundation concentrates giving in Chicago, Boston, Philadelphia, New York City, the San Francisco Bay Area, and the states in which those cities are located. It also sometimes funds national programs or organizations outside those areas when their work advances its mission. In 2024, the largest shares of grant dollars went to recipients in Illinois (30%), California (23%), New York (14%), Massachusetts (13%), and the District of Columbia (10%).
Grant Distribution by State
Share of 2024 grant dollars across all 97 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4.7M (2020) to $5.2M (2023). In 2024 it made 97 grants totaling $5.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The Education Trust ($225K). Together the top 10 received $1.4M.
Grant Size Distribution
518 grants across all recorded years
The most common grant size was under $50K: 229 grants of 518 (44%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Education Trust Washington, DC | Addressing Inequities in Massachusetts' School System | $225,000 |
| Communities United Chicago, IL | Advancing Safe, inclusive, and Supportive Learning Environments in Chicago Public Schools | $195,000 |
| Third Sector New England Boston, MA | General Operating Support | $140,000 |
| University of Illinois at Chicago Chicago, IL | Coaching & Data Systems Support | $140,000 |
| Oakland Kids First Oakland, CA | General Operating Support | $130,000 |
| Internationals Network for Public Schools New York, NY | General Operating Support | $120,000 |
| Make the Road New York Brooklyn, NY | General Operating Support | $120,000 |
| Children Now Oakland, CA | Early Education Advocacy | $100,000 |
| Coleman Advocates for Children & Youth San Francisco, CA | Stone Leaders for Change | $100,000 |
| Learning Policy Institute Palo Alto, CA | For continued development and implementation of the Education Preparatory Laboratory (EdPrepLab) Edu | $100,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $123,390,339 | $3,556,780 | $6,903,300 | $5,156,250 | 97 |
| 2023 | $120,422,018 | -$183,548 | $6,828,895 | $5,172,800 | 96 |
| 2022 | $115,705,961 | $2,132,655 | $6,740,019 | $5,165,300 | 95 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $123,390,339 | $120,422,018 | $115,705,961 |
| Revenue | $3,556,780 | $-183,548 | $2,132,655 |
| Expenses | $6,903,300 | $6,828,895 | $6,740,019 |
| Qualifying Distributions | $6,346,107 | $6,393,715 | $6,327,961 |
| Net Investment Income | $3,723,673 | $1,376,467 | $861,025 |
| Distributable Amount | $6,083,007 | $5,866,787 | $5,700,882 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
W Clement & Jessie V Stone Foundation is led by Sara R. Slaughter, Executive Director on every filing since 2020; 1 of 14 officers listed in 2024 is compensated.
Officers on the 2024 filing
Sara R. Slaughter
Executive Director
On filings since 2020
40 hrs/week
$219K (2020) → $258K (2024)
Amy Stone
President & Chair
Board Member → President & Chair, 2021
On filings since 2020
2 hrs/week
No compensation reported
Barbara West Stone
Board Member
On filings since 2020
1 hr/week
No compensation reported
Chad Tingley
Vice President
Board Member → Vice President, 2021
On filings since 2020
2 hrs/week
No compensation reported
David Stone
Board Member
On filings since 2020
1 hr/week
No compensation reported
Deborah Stone
Board Member
On filings since 2020
1 hr/week
No compensation reported
Jeffrey Stone
Board Member
On filings since 2020
1 hr/week
No compensation reported
Michael A. Stone
Vice President, Assistant Treasurer & Secretary
Vice President & Secretary → Vice President, Assistant Treasurer & Secretary, 2021
On filings since 2020
2 hrs/week
No compensation reported
Sandra Stone
Board Member & President Emerita
President → Board Member & President Emerita, 2021
On filings since 2020
1 hr/week
No compensation reported
Sara Stone
Vice President
Board Member → Vice President, 2021
On filings since 2020
2 hrs/week
No compensation reported
Steven M. Stone JD
1st Vice President & Treasurer
Vice President & Treasurer → 1st Vice President & Treasurer, 2021
On filings since 2020
6 hrs/week
No compensation reported
Lindsay Stone
Board Member
On filings since 2022
1 hr/week
No compensation reported
Peter Parcell
Board Member
On filings since 2022
1 hr/week
No compensation reported
Van Tingley
Board Member
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Jennifer Stone (2020–2023) — Board Member
- Former: Norman C. Stone (2020) — Chairman
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $258K, to Sara R Slaughter (Executive Director).
Contact
Application contact: Brian Dixon
Mailing address: 70 E Lake Street Suite 1020, Chicago, IL 60601
Phone: (312) 366-2263
Website: https://wcstonefnd.org
Frequently asked questions about W Clement & Jessie V Stone Foundation
How much does W Clement & Jessie V Stone Foundation give each year?
W Clement & Jessie V Stone Foundation gave $5.2M across 97 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.2M across 96 grants.
What is W Clement & Jessie V Stone Foundation's typical grant size?
W Clement & Jessie V Stone Foundation's median grant in 2024 was $50,000, and its average grant was $53,157, across 97 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from W Clement & Jessie V Stone Foundation that year got $27K on average.
Where does W Clement & Jessie V Stone Foundation give grants?
W Clement & Jessie V Stone Foundation's top state is Illinois, with 30% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (23%) and New York (14%). The most frequent recipient cities were Chicago, IL (25 grants), Boston, MA (8 grants), New York, NY (8 grants) and Washington, DC (6 grants).
Does W Clement & Jessie V Stone Foundation give general operating support?
Yes: 72% of W Clement & Jessie V Stone Foundation's 2024 grants with a stated purpose (70 of 97) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are W Clement & Jessie V Stone Foundation's largest grantees?
W Clement & Jessie V Stone Foundation's largest 2024 grantees include The Education Trust ($225,000), Communities United ($195,000) and Third Sector New England ($150,400 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 11% of its itemized 2024 grant dollars.
How large is W Clement & Jessie V Stone Foundation?
W Clement & Jessie V Stone Foundation reported $123.4M in total assets on its 2024 IRS Form 990-PF. It paid out $6.3M in qualifying distributions that year, against a required minimum of $6.1M (roughly 5% of its investment assets).
What does W Clement & Jessie V Stone Foundation fund?
The foundation’s stated commitment is to provide educational and developmental opportunities that support equitable outcomes and enable all children and young people to fulfill their potential. See mission & focus areas ↑
How do I apply for a grant from W Clement & Jessie V Stone Foundation?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is W Clement & Jessie V Stone Foundation's EIN?
W Clement & Jessie V Stone Foundation's EIN (Employer Identification Number) is 36-2498125. IRS Form 990 filing data is available on this page for 2020–2024.
Does W Clement & Jessie V Stone Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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