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Michael Stewart Foundation at a glance

· Private foundation

Michael Stewart Foundation

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$7k
Granted FY2024still arriving
3
Grants FY2024still arriving
2
States reached
$5k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Arts & Culture$136k
02FY2024 · 3 grants

Where the money goes

Grants by size, and the largest recipients.

$1,000
Median grant
2
States reached
$182k
Total assets
Largest grants
RecipientAmount
Individual grant recipient$5,000
YORK THEATRE COMPANY$1,000
GOODSPEED OPERA HOUSE$1,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 16%, against an area that typically sits at 7%. 91% of its dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 7%BAY STREET THEATER: $3k → 7%AMERICAN THEATRE WING: $20k → 17%GOODSPEED OPERA HOUSE: $2k → 7%BAY STREET THEATER: $1k → 7%DRAMATISTS GUILD: $5k → 17%GOODSPEED OPERA HOUSE: $1k → 7%DRAMATISTS GUILD: $5k → 17%GOODSPEED OPERA HOUSE: $1k → 7%YORK THEATRE COMPANY: $2k → 17%GOODSPEED OPERA HOUSE: $1k → 7%YORK THEATER COMPANY: $2k → 17%GOODSPEED OPERA HOUSE: $1k → 7%YORK THEATRE COMPANY: $2k → 17%GOODSPEED OPERA HOUSE: $1k → 7%YORK THEATRE COMPANY: $1k → 17%GOODSPEED OPERA HOUSE: $1k → 7%YORK THEATRE COMPANY: $1k → 17%GOODSPEED OPERA HOUSE: $1k → 7%YORK THEATRE COMPANY: $1k → 17%YORK THEATRE COMPANY: $1k → 17%YORK THEATRE COMPANY: $1k → 17%URBAN STAGES: $3k → 17%URBAN STAGES: $1k → 17%URBAN STAGES: $1k → 17%AMAS MUSICAL THEATER: $1k → 17%NEW YORK CITY CENTER: $500 → 17%AMERICAN THEATRE WING: $15k → 17%AMERICAN THEATRE WING: $15k → 17%AMERICAN THEARE WING: $15k → 17%AMERICAN THEATRE WING: $15k → 17%DRAMATISTS GUILD FOUNDATION: $8k → 17%DRAMATISTS GUILD FOUNDATION: $5k → 17%DRAMATIST GUILD FOUNDATION: $3k → 17%ROSIES THEATER KIDS: $1k → 17%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

96%of every dollar goes to organizations it has funded before.
$131k · 7 repeat orgs$6k to everyone else

Grantees it renews have grown median revenue +29% since the first grant, against +20% for those funded once.

7 repeat relationships: 3 still active in FY2024, 4 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

7
4

Total granted

$131k
$6k

Median revenue growth · since first grant

+29%
+20%

Still filing today

71%
75%

New vs renewed · share of each year

In FY2024, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • TD
    THE DRAMATISTS GUILD FUND INC
    2× · 2018–2019 · $13k · revenue +0%
  • YT
    York Theatre Company Inc
    8× · 2017–2024 · $11k · revenue +105%
  • GO
    GOODSPEED OPERA HOUSE FOUNDATION INC
    8× · 2017–2024 · $9k · revenue +29%

Funded once

  • DG
    DRAMATIST GUILD FOUNDATION
    one grant, 2017 · $3k
  • RT
    ROSIE'S THEATER KIDS INC
    one grant, 2017 · $1k · revenue -3%
  • AM
    AMAS MUSICAL THEATRE INCgraduated
    one grant, 2017 · $1k · revenue +133%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
The City Theatre Company Inc

To provide an artistic home for the development and production of contemporary plays that engage and challenge a diverse audience.

Arts & Culture
2
Staretthe Directors Company Inc

The Directors Company is an award-winning not-for-profit theatre company with an extraordinary record in its mission to develop and produce groundbreaking new plays and musicals initiated and generated by outstanding directorial talent,…

Arts & Culture
3
Bow Street Theatre Trust
—
4
American Theater Group

American theater group produces new and classic works primarily by american playwrights with an emphasis on the development of new works and the rediscovery of undeservedly neglected older ones.

Arts & Culture
5
The Actors Company Theatre Inc

The Actors Company Theatre is dedicated to presenting neglected or rarely produced plays of literary merit, with a focus on creating theatre from its essence: the text and the actor's ability to bring it to life. Over the past eighteen…

—
6
Manhattan Theatre Club Inc

Mtc's work includes producing and developing new work on and off-broadway, nurturing artists throughout their careers, and positively impacting the lives of many through innovative education programs. we are committed to equity, diversity…

Arts & Culture
7
The Center for International Theatre Development
Arts & Culture
8
Artists Repertory Theatre

Artists repertory theatre's mission is to produce intimate, provacative theatre and provide a home for a diverse community of artists and audiences to take creative risks.

Arts & Culture
9
New York Theatre Workshop Inc

To provoke, produce and cultivate the work of artists whose visions inspire and challenge all of us.

Arts & Culture
10
Emerging Artists Theatre Co Inc

The organization develops and produces plays.

Arts & Culture
11
Adirondack Theatre Festival Inc

The organization strives to challenge entertain and nourish its audience through the development and production of new and contemporary musicals and plays. this relationship engages the community as audience members and participants in…

Arts & Culture
12
Classical Theatre Company

Classical Theatre Company is dedicated to boldly re-envisioning classical drama on the stage, in the community, and in the classroom through engaging and enlightening plays that bring them new life and relevance while maintaining the…

Arts & Culture
How this is measured
The grantee most central to the portfolio’s shape is American Theatre Wing Inc; the most unlike its peers is The Dramatists Guild Fund Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

8 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 8 of the 11 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
3
Early backer (in before they grew)
8/8
Grantees still filing
6/8
Grew since first funded

Where the money sits, by cause and then by grantee

AMERICAN THEATRE WING INC: $79,650 · Arts & CultureAMERICAN THEATRE WING INCTHE DRAMATISTS GUILD FUND INC: $13,000 · Arts & CultureTHE DRAMATISTS GUILD FUND INCYork Theatre Company Inc: $10,500 · Arts & CultureYork Theatre Company IncGOODSPEED OPERA HOUSE FOUNDATION INC: $9,000 · Arts & CultureGOODSPEED OPERA HOUSE FOUNDATION INC+4 more: $6,000 · Arts & CultureIndividual grant recipient: $10,000 · OtherIndividual gran…Individual grant recipient: $5,200 · OtherIndividual gran…DRAMATIST GUILD FOUNDATION: $3,000 · OtherDRAMATIST GUILD…
Arts & Culture$118,150Other$18,200

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10Mgrantee revenue →↑ funder's share of their budgetAMERICAN THEATRE WING INC: $79,650 over 5y, 0.5% of budgetTHE DRAMATISTS GUILD FUND INC: $13,000 over 2y, 0.3% of budgetYork Theatre Company Inc: $10,500 over 8y, 0.1% of budgetGOODSPEED OPERA HOUSE FOUNDATION INC: $9,000 over 8y, 0.0% of budgetBAY STREET THEATRE FESTIVAL INC: $3,500 over 2y, 0.1% of budgetROSIE'S THEATER KIDS INC: $1,000 over 1y, 0.0% of budgetAMAS MUSICAL THEATRE INC: $1,000 over 1y, 0.3% of budgetNEW YORK CITY CENTER INC: $500 over 1y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

The Shubert Foundatio…Jewish Communal FundThe Lucille Lortel Fo…The Howard Gilman Fou…Hispanic Federation I…American Endowment Fo…Morgan Stanley Global…Vanguard Charitable E…National Philanthropi…Donor Advised Charita…Fidelity Investments …Amazonsmile Foundation
The Shubert Foundation IncNY17.7× affinity6 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: The Shubert Foundation Inc · Jewish Communal Fund · The Lucille Lortel Foundation Inc · The Howard Gilman Foundation Inc · Hispanic Federation Inc · American Endowment Foundation · Morgan Stanley Global Impact Funding Trust Inc · Vanguard Charitable Endowment Program · National Philanthropic Trust · Donor Advised Charitable Giving Inc · Fidelity Investments Charitable Gift Fund · Amazonsmile Foundation

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Michael Stewart Foundation funds: left to right is the share of its income from government, bottom to top the share from Michael Stewart Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%0%1%3%5%funder's share of their income ↑0%3%5%8%10%share of the org’s income from government →median 0%
  • Goodspeed Opera House Foundation Inc: 0% of income from government
no gov moneyreceives it· size = income
0get no government money at all
2report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–10%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 11 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home