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· Private foundation

The Pearlstone Fund Inc

Its FY2025 filing reports that it accepted unsolicited grant applications.

$525k
Granted FY2025still arriving
9
Grants FY2025still arriving
2
States reached
$400k
Largest
01What it funds
0181% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2020 to 2025.

Philanthropy$318kHealth$190kArts & Culture$133kHuman Services$40kFood & Nutrition$28kEducation$11kCrime & Legal$6kOther$0
02FY2025 · 9 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2025

  • Under $10k3 grants · $11k
  • $10k–50k5 grants · $114k
  • $250k+1 grant · $400k
$15,000
Median grant
2
States reached
$7.0M
Total assets
Largest grants
RecipientAmount
The Associated$400,000
Aspen Community Foundation$39,000
Aspen Family Connections$30,000
Aspen Santa Fe Ballet$20,000
Johns Hopkins Medical Center$15,000
Aspen Film$10,000
An End to Ignorance$5,000
Believe in Tomorrow$5,000
Enoch Pratt Library - Contemporaries$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:

Its human-services grants (FY21–22, $10k) land where the poverty rate runs at 12%, against an area that typically sits at 11%. 100% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 11%Little Star Foundation: $5k → 12%Little Star Foundation: $5k → 12%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.

99%of every dollar goes to organizations it has funded before.
$2.4M · 12 repeat orgs$37k to everyone else

12 repeat relationships: 7 still active in FY2025, 5 since wound down; 1 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

12
4

Total granted

$2.4M
$7k

Median revenue growth · since first grant

+28%
+62%

Still filing today

42%
25%

New vs renewed · share of each year

In FY2025, 94% of grant dollars renewed an existing relationship; $30k went to new ones.

50%100%’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’20’21’22’23’24’25
Arts & CultureYouth DevelopmentHealthHuman ServicesOther
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

  • AF
    ASPEN FILM
    5× · 2021–2025 · $50k · revenue +133%
  • BI
    BELIEVE IN TOMORROW NATIONAL CHILDREN'S FOUNDATION
    4× · 2021–2025 · $15k · revenue +582%
  • CO
    CASA OF BALTIMORE COUNTY INC
    3× · 2020–2022 · $6k · revenue +28%

Funded once

  • IG
    Individual grant recipient
    one grant, 2020 · $3k
  • TL
    The Living Classrooms Foundation
    one grant, 2020 · $3k
  • EP
    Enoch Pratt Library - Dept of Inst'l Advancement
    one grant, 2024 · $1k
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
Theatre Aspen

Entertain, enlighten, enrich, educate and challenge the residents and visitors of the roaring fork valley through professional quality theatrical productions, new play development initiatives and a broad spectrum of educational programs.

Arts & Culture
2
Aspen Santa Fe Ballet Endowment Inc

The foundation provides support for a variety of aspen santa fe ballet needs, including the creation of new works, touring, instruction and financial aid.

Arts & Culture
3
Ballet Theatre Foundation Inc

To create, to present, to preserve, and to extend the great repertoire of classical dancing through exciting performances and educational programming of the highest quality, presented to the widest possible audience. american ballet…

Arts & Culture
4
Boulder Ballet

Boulder ballet creates engaging dance performances and educational initiatives that enrich human connections through the transformative power of the arts.

Arts & Culture
5
Colorado Ballet Foundation

The goal of the colorado ballet foundation (the "foundation") is to maintain and grow the endowment fund over time to provide a reliable source of funds to colorado ballet and to supplement colorado ballet revenues from operations so that…

Arts & Culture
6
The Washington Ballet

See schedule othe mission of the washington ballet is: to bring the joy and artistry of dance to the nation's capital and the world's stage through the professional presentation of the best in classic and contemporary ballet to provide the…

Arts & Culture
7
The British Academy of Film and Television Arts North America Inc

The specific purposes for which bafta na is organized is to promote, maintain, improve and advance original and creative work among individuals employed professionally in film and television production and allied industries, to create and…

Arts & Culture
8
Pittsburgh Ballet Theatre Inc

See schedule o for the description of pittsburgh ballet theatre inc.'s primary mission.the ballet is pittsburgh's source and ambassador for extraordinary ballet experiences that give life to the classical tradition, nurture new ideas and,…

Arts & Culture
9
Aspen Journalism

To produce investigative journalism, as well-informed citizens make better decisions.

Arts & Culture
10
Siff

Siff is a seattle-based 501(c)(3) arts nonprofit dedicated to the creation of vibrant experiences and spaces that champion film discovery and arts education.

Youth Development
11
Colorado Ballet

Colorado ballet's mission is to present exceptional classical ballet and contemporary dance through performances, training, education and community engagement while inspiring and growing an increasingly diverse audience base.

Arts & Culture
12
Texas Ballet Theater Inc

Texas ballet theater creates, presents, and tours world class ballet, from classical to cutting edge, and promotes its appreciation, accessibility, and technical mastery among students, pre-professionals, and audiences of all ages.

Arts & Culture
How this is measured
The grantee most central to the portfolio’s shape is Aspen Santa Fe Ballet; the most unlike its peers is An End to Ignorance 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 18 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)
7/8
Grantees still filing
5/8
Grew since first funded

Where the money sits, by cause and then by grantee

The Associated: $2,047,635 · OtherThe AssociatedJohns Hopkins Medical Center: $95,000 · OtherJohns Hopkins Medical Center Bayview: $80,000 · Other+8 more: $95,000 · OtherASPEN COMMUNITY FOUNDATION: $318,000 · PhilanthropyASPEN COMMUN…ASPEN SANTA FE BALLET: $80,000 · Arts & CultureASPEN FILM: $50,000 · Arts & Culture+1 more: $1,000 · Arts & CultureBELIEVE IN TOMORROW NATIONAL CHILDREN'S FOUNDATION: $15,000 · HealthLITTLE STAR FOUNDATION INC: $10,000 · Human ServicesCASA OF BALTIMORE COUNTY INC: $6,000 · Youth Development
Other$2,317,635Philanthropy$318,000Arts & Culture$131,000Health$15,000Human Services$10,000Youth Development$6,000

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 budgetASPEN COMMUNITY FOUNDATION: $318,000 over 6y, 0.5% of budgetASPEN SANTA FE BALLET: $80,000 over 4y, 0.7% of budgetASPEN FILM: $50,000 over 5y, 2.0% of budgetAN END TO IGNORANCE INC: $27,500 over 5y, 0.3% of budgetBELIEVE IN TOMORROW NATIONAL CHILDREN'S FOUNDATION: $15,000 over 4y, 0.3% of budgetLITTLE STAR FOUNDATION INC: $10,000 over 2y, 0.2% of budgetCASA OF BALTIMORE COUNTY INC: $6,000 over 3y, 0.3% of budgetEVERYMAN THEATRE INC: $1,000 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.

  • Who funds ASPEN COMMUNITY FOUNDATION ↗
  • Who funds ASPEN SANTA FE BALLET ↗
  • Who funds ASPEN FILM ↗
  • Who funds AN END TO IGNORANCE INC ↗
  • Who funds BELIEVE IN TOMORROW NATIONAL CHILDREN'S FOUNDATION ↗
  • Who funds LITTLE STAR FOUNDATION INC ↗
  • Who funds CASA OF BALTIMORE COUNTY INC ↗
  • Who funds EVERYMAN THEATRE INC ↗

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.

Aspen Community FoundationCO13.5× affinity4 shared granteesties to 5 of 6Hover any node to trace its alignments.Compare side by side →

Open a dossier: Aspen Community Foundation · Baltimore Community Foundation Inc · The Bank of America Charitable Foundation Inc · Vanguard Charitable Endowment Program · 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 The Pearlstone Fund Inc funds: left to right is the share of its income from government, bottom to top the share from The Pearlstone Fund Inc. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 20%0%1%3%5%funder's share of their income ↑0%10%20%30%40%share of the org’s income from government →median 38%
  • Casa of Baltimore County Inc: 38% of income from government
  • Everyman Theatre Inc: 15% of income from government
no gov moneyreceives it· size = income
2get no government money at all
1report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
⤢ axis zoomed · 0–40%
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.
05Through Plinth

Warm introductions · Powered by PlinthPlus

How do I get to The Pearlstone Fund Inc?

Find your warmest path to The Pearlstone Fund Inc through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.

Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.

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 18 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 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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