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, with a focus on Chicago, Boston, Philadelphia, New York City, the San Francisco Bay Area, and the states in which those cities are located.
W Clement & Jessie V Stone Foundation at a glance
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.
- Annual giving (2024)
- $5,156,250
- -0.3% vs 2023
- Grants made (2024)
- 97
- +1.0% vs 2023
- Average grant
- $53,157
- -1.3% vs 2023
- Median grant
- $50,000
- Total assets
- $123,390,339
- +2.5% vs 2023
- New grantees (estimate)
- 18% first-time grantees (17 of 96, 2024)
- Primary geography
- Illinois (30% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to W Clement & Jessie V Stone Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The Foundation does not accept unsolicited requests. The 2024 filing lists an organization or project budget, a board-of-directors list with titles and employers, IRS notices of tax-exempt status and public-charity status under section 509(a)(1), and audited annual financial statements as application materials. The filing states that recipients must be recognized as public charities under IRC section 509(a)(1).
- Review Cycle
- The 2024 filing lists deadlines as N/A. The website says proposal submission dates are scheduled individually for invited organizations.
- Deadline
- The 2024 filing lists deadlines as N/A.
- Contact
Application contact: Brian Dixon
Mailing address: 70 E Lake Street Suite 1020, Chicago, IL 60601
Phone: (312) 366-2263
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who W Clement & Jessie V Stone Foundation funds
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%).
Geographic Focus
Where this funder awards grants
The Foundation concentrates its giving in Chicago, Boston, Philadelphia, New York City, and the San Francisco Bay Area, and in the states where those cities are located. It says it sometimes funds nationally focused programs or organizations outside those areas when their work advances its mission. In 2024, the largest shares of grant dollars went to 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
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.
Giving History
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.
Grants by year
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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $123,390,339 | $3,556,780 | $6,903,300 | $5,156,250 | 97 | $6,346,107 | $3,723,673 | $6,083,007 |
| 2023 | $120,422,018 | $-183,548 | $6,828,895 | $5,172,800 | 96 | $6,393,715 | $1,376,467 | $5,866,787 |
| 2022 | $115,705,961 | $2,132,655 | $6,740,019 | $5,165,300 | 95 | $6,327,961 | $861,025 | $5,700,882 |
| 2021 | $136,594,815 | $7,788,243 | $6,252,012 | $5,027,950 | 113 | $5,932,244 | $11,853,790 | $6,493,390 |
| 2020 | $120,505,610 | $534,466 | $5,941,483 | $4,746,750 | 117 | — | $4,078,895 | $6,185,705 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
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. Its grantmaking emphasizes policy and systems change, using effective practices to inform change elsewhere, and involving people affected by that change—including young people, educators, leaders, and families—in shaping it.
Its education portfolio supports teacher and leader preparation, professional development, and policy and advocacy. The Foundation considers strategies including data-informed practice, social and emotional learning, support for English Language Learners and students with learning differences, cultural and linguistic supports, positive school culture, racial equity, and trauma-informed practice. Its youth development portfolio prioritizes engagement, leadership, organizing, media, and advocacy by low-income and underserved young people ages 10 to 24. Field-building grants support projects in early childhood, K–12 education, and youth development; only current Foundation grantees are eligible for those grants.
Among the organizations it supported in 2024, The Education Trust described its work as advancing policies and practices to dismantle racial and economic barriers in education. Oakland Kids First said it works to increase youth voice, leadership, and power in public schools, while the National Association for the Education of Young Children described its mission as promoting high-quality early learning and supporting the early childhood profession.
Grantmaking
In 2024, the Foundation made 97 grants totaling $5,156,250. Grants ranged from $450 to $225,000, with a median of $50,000. The largest awards included $225,000 to The Education Trust for addressing inequities in Massachusetts’ school system; $195,000 to Communities United for advancing safe, inclusive, and supportive learning environments in Chicago Public Schools; and $140,000 each to Third Sector New England for general operating support and the University of Illinois at Chicago for coaching and data systems support. Other notable awards included $130,000 to Oakland Kids First for general operating support and $120,000 each to Internationals Network for Public Schools and Make the Road New York for general operating support.
The Foundation’s website says it ordinarily contacts organizations of interest for an initial conversation, then presents the work to a Board program committee. If the committee expresses strong interest, staff works with the organization on a proposal; the Board of Trustees makes the final funding decision. The website describes two grant cycles each year, in spring and fall, with submission dates arranged individually for invited organizations. It says the process from initial contact to grant can take six months to a year.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Amy Stone as President and Chair; Chad Tingley as Vice President; Michael A. Stone as Vice President, Assistant Treasurer, and Secretary; Sara Stone as Vice President; and Steven M. Stone, JD, as First Vice President and Treasurer. It also lists Barbara West Stone, David Stone, Deborah Stone, Jeffrey Stone, and Lindsay Stone as board members.
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).
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 October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). W Clement & Jessie V Stone Foundation funder profile. GrantGraph. Retrieved October 23, 2026, from https://grantable.co/funders/w-clement-and-jessie-v-stone-foundation-morg_63ed29f68c7241dd8d50f7f45448805a
BibTeX
@misc{grantable_362498125_2026,
author = {{Grantable}},
title = {{W Clement \& Jessie V Stone Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/w-clement-and-jessie-v-stone-foundation-morg_63ed29f68c7241dd8d50f7f45448805a},
note = {Accessed 2026-10-23. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from W Clement & Jessie V Stone Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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