Warner Fund Inc (also known as Joseph Leroy and Ann C Warner Fund Inc) is a regional private foundation headquartered in New York, New York. The organization operates as a 501(c)(3) nonprofit entity and focuses on supporting individuals and organizations primarily located in New York and New Jersey.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.8M
+1.9% YoY
Annual Giving
$392K
-11.8% YoY
Grant Count
33
-34.0% YoY
Avg Grant Size
$12K
+33.6% YoY
Under IRS private-foundation payout rules, Warner Fund Inc reported a distributable amount of $392K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Warner Fund prioritizes scholarships and funding initiatives that promote education, equity, and community development. The foundation aims to create lasting impact in areas where it is most needed.
Grantmaking
The foundation made 57 grants in 2024, with recent recipients including:
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Geographic Focus
Where this funder awards grants
The Warner Fund primarily supports individuals and organizations located in New York and New Jersey, with a regional focus on these areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $6,832,595
- Total Revenues: $662,615
- Total Expenses: $531,040
- Investment Income and Dividends: $152,770
- Net Gain from Sale of Non-Inventory Assets: $368,955
The foundation's revenue composition shifted significantly in 2024, with no grants or contributions received (compared to $300,000 in 2023), while investment income increased 14.4% year-over-year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,832,595 | $6,707,137 | $6,631,966 |
| Revenue | $662,615 | $644,501 | $726,331 |
| Expenses | $531,040 | $529,444 | $486,762 |
| Qualifying Distributions | $391,500 | $444,110 | $409,600 |
| Net Investment Income | $523,075 | $259,167 | $649,169 |
| Distributable Amount | $392,220 | $354,340 | $350,565 |
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
220 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Institute for Policy Studies ($80,000), Ny Law School ($80,000), Boston College ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BEAU BIDEN FOUNDATION WILMINGTON, DE | GENERAL SUPPORT | $15,000 |
| BOSTON COLLEGE CHESTNUT HILL, MA | GENERAL SUPPORT | $25,000 |
| BURNING COAL THEATER RALEIGH, NC | GENERAL SUPPORT | $2,500 |
| CARNEGIE HALL NEW YORK, NY | GENERAL SUPPORT | $12,000 |
| CASA - NYC NEW YORK, NY | GENERAL SUPPORT | $2,000 |
| CLINTON FOUNDATION LITTLE ROCK, AR | GENERAL SUPPORT | $10,000 |
| CONGREGATION DOR HADISH PITTSBURGH, PA | GENERAL SUPPORT | $4,000 |
| EVERY MOTHER COUNTS NEW YORK, NY | GENERAL SUPPORT | $2,500 |
| INSTITUTE FOR POLICY STUDIES WASHINGTON, DC | GENERAL SUPPORT | $80,000 |
| INTERFAITH FOOD SHUTTLE RALEIGH, NC | GENERAL SUPPORT | $2,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation maintains a small staff of 2 employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEWIS STEEL | TRUSTEE | 1 | — |
| KITTY STEEL | TRUSTEE | 1 | — |
| PATRICK STEEL | TRUSTEE | 1 | — |
| JANINE STEEL ZANE | TRUSTEE | 1 | — |
| BRIAN STEEL | TRUSTEE | 1 | — |
Contact Information
- Phone: (646) 751-8795
- Primary Address: 2 Rector St FL 20, New York, NY 10006
- Additional Offices: 85 Broad St and 85 Broad St FL 28, New York, NY 10004
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Warner Fund Inc fund?
The Warner Fund prioritizes scholarships and funding initiatives that promote education, equity, and community development. The foundation aims to create lasting impact in areas where it is most needed.
How do I apply for a grant from Warner Fund Inc?
The foundation made 57 grants in 2024, with recent recipients including: • Institute for Policy Studies: $80,000 (General Support) • Boston College: $25,000 (General Support) • International African American Museum (IAAM): $20,000 (General Support) The foundation provides general support funding to its grantees.
Where does Warner Fund Inc make grants?
The Warner Fund primarily supports individuals and organizations located in New York and New Jersey, with a regional focus on these areas.
What size grants does Warner Fund Inc award?
In 2024, Warner Fund Inc awarded 33 grants totaling $392K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Warner Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Warner Fund Inc reported a distributable amount of $392K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Warner Fund Inc's EIN?
Warner Fund Inc's EIN (Employer Identification Number) is 26-4299529. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Warner Fund Inc's focus areas in our free grants database
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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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