W Clement & Jessie V Stone Foundation

Foundation · Grantmaker CHICAGO, IL EIN: 36-2498125 Website

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

+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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

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

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

Illinois $4.7M (41%)

California $2.2M (19%)

New York $2.2M (19%)

Massachusetts $974K (8%)

Pennsylvania $720K (6%)

District of Columbia $340K (3%)

North Carolina $250K (2%)

South Carolina $80K (1%)

+10 more states

States

California Colorado District of Columbia Hawaii Illinois Massachusetts Maine Michigan North Carolina New Hampshire New Jersey New York Ohio Oregon Pennsylvania South Carolina Utah Vermont

Cities

ActionActonAkronAlbanyArlington HeightsAuroraBerkeleyBloomingtonBostonBrooklynBryn AthynCalabasasCamdenChapel HillChicagoDetroitDorchesterDowners GroveDublinEmeryville

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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.