W Clement & Jessie V Stone Foundation
The W Clement & Jessie V Stone Foundation is a private family foundation incorporated in Illinois in 1958 and granted tax-exempt status in 1965. Based in Chicago, the Foundation operates as a 501(c)(3) charitable organization dedicated to bringing about positive change in major urban areas through strategic grantmaking and mission-aligned activities.
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.
Mission & Focus Areas
The Foundation is dedicated to bringing about positive change with a commitment to providing educational and developmental opportunities that support equitable outcomes and enable all children and young people to fulfill their potential.
The Foundation's primary funding areas are:
- Education — with emphasis on teacher development and principal leadership
- Early Childhood Education — improving the healthy development of children ages 0-8 through innovative programs, initiatives, and policies that benefit children and their families
- Youth Development
Guiding Principles
The Foundation's grantmaking is guided by the following principles:
- Seeking to effect policy and systems change in funded cities and states
- Leveraging best practices across funded locations to inform change elsewhere
- Positioning the people for whom change is intended as contributors to and/or leaders in effecting change (including youth, teachers, leaders, and families)
- Extending impact through collaboration with public and private sector partners
- Investing in professional development and strategies that account for non-cognitive factors contributing to equitable outcomes, including race, home language, culture, social/emotional learning, and mental health
Grantmaking
The Foundation currently disburses approximately $2,000,000 in grants annually. Grant ranges are from $10,000 to $100,000, and funds are awarded for both general operating support and specific projects.
Grant Range
s are from $10,000 to $100,000, and funds are awarded for both general operating support and specific projects.
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Geographic Focus
Where this funder awards grants
The Foundation concentrates its giving in five major urban areas:
- Chicago, Illinois
- San Francisco Bay Area, California
- New York City, New York
- Philadelphia, Pennsylvania
- Boston, Massachusetts
The Foundation also funds initiatives in the states where these cities are located.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $120,422,018
- Total Expenses: $6,828,895
- Total Revenues: -$183,548
- Investment Income and Dividends: $874,227
- Total Liabilities: $467,000
| 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 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Communities United ($195,000), Internationals Network for Public Schools ($120,000), Children Now ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Advance Illinois Chicago, IL | General Operating Support | $60,000 |
| Advocate Charitable Foundation Downers Grove, IL | General Operating Support | $3,000 |
| Advocate Health and Hospitals Corporation Downers Grove, IL | Advocate Healthy Steps Chicago Metro South | $60,000 |
| All Chicago Chicago, IL | Youth Action Board | $50,000 |
| Alliance for Early Success Washington, DC | General Operating Support | $50,000 |
| Aurora University Aurora, IL | George Williams College | $1,000 |
| Bank Street College of Education New York, NY | TESOL Residency Program | $50,000 |
| Bend the Arc A Jewish Partnership for Justice New York, NY | General Operating Support | $60,000 |
| BPE Boston, MA | General Operating Support | $70,000 |
| Braver Angels Inc New York, NY | General Operating Support | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Sara Slaughter — Executive Director
The Foundation has 4 employees.
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Contact Information
Address: 70 E Lake St Ste 1020, Chicago, IL 60601-7638
Phone: 312-366-2263
Website: www.wcstonefnd.org
EIN: 36-2498125
Frequently Asked Questions
What does W Clement & Jessie V Stone Foundation fund?
The Foundation is dedicated to bringing about positive change with a commitment to providing educational and developmental opportunities that support equitable outcomes and enable all children and young people to fulfill their potential. The Foundation's primary funding areas are: • **Education** — with emphasis on teacher development and principal leadership • **Early Childhood Education** — improving the healthy development of children ages 0-8 through innovative programs, initiatives, and po…
How do I apply for a grant from W Clement & Jessie V Stone Foundation?
The Foundation currently disburses approximately $2,000,000 in grants annually. Grant ranges are from $10,000 to $100,000, and funds are awarded for both general operating support and specific projects. The Foundation does not accept unsolicited proposals. Recent grants made by the Foundation include: • The Education Trust: $180,000 for Addressing Inequities in Massachusetts' School System (2023) • National Equity Project: $150,000 for General Operating Support (2023) • Make the Road New York (…
Where does W Clement & Jessie V Stone Foundation make grants?
The Foundation concentrates its giving in five major urban areas: • Chicago, Illinois • San Francisco Bay Area, California • New York City, New York • Philadelphia, Pennsylvania • Boston, Massachusetts The Foundation also funds initiatives in the states where these cities are located.
What size grants does W Clement & Jessie V Stone Foundation award?
In 2024, W Clement & Jessie V Stone Foundation awarded 97 grants totaling $5.2M — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is W Clement & Jessie V Stone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W Clement & Jessie V Stone Foundation reported a distributable amount of $6.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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