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Virginia · Nonprofit

THE STEWARD SCHOOL

THE STEWARD SCHOOL (Virginia) receives grants from 38 organizations whose IRS filings report $6,605,782 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,392,245). 26 of them have funded it in more than one year, and 81% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$26M
Funders on record
38
Grants received
$6.6M
Net assets
$21M
26/38 repeat funderspeak grant-dependency 16%
01What it does

What The Steward School does

Mission

Our mission is to prepare students for college and life in a community defined by robust academics, inspiration, engagement, and care. We believe a diversity of talents, abilities, and cultures among our student body offers a rich and well-rounded educational experience. We value our sense of community, made possible by our commitment to a relatively small population.

As stated on its FY2025 Form 990.

Programs

  1. The Steward School provides formal instruction for grades jk through 12 and maintains a regular faculty & curriculum. Enrollment is approximately 716.

    $19,624,382 spentof which $3,222,620 as grants$21,103,586 earned by the program
    96% of program spending
  2. The Steward School provides auxiliary programs to benefit our school community. These programs include after school care, enrichment series, and instructional support.

    $487,146 spent$1,552,449 earned by the program
    2% of program spending
  3. The Steward School provides summer programming for the greater richmond area for children in rising grades jk-9 through our summer experience program.

    $431,858 spent$846,344 earned by the program
    2% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $20,543,386.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.

100 = 20172017 Revenue 100 ($17M) Expenses 100 ($17M) Net assets 100 ($18M)2018 Revenue 106 ($17M) Expenses 105 ($18M) Net assets 95 ($17M)2019 Revenue 111 ($18M) Expenses 108 ($19M) Net assets 91 ($16M)2020 Revenue 122 ($20M) Expenses 111 ($19M) Net assets 92 ($16M)2021 Revenue 132 ($22M) Expenses 113 ($20M) Net assets 107 ($19M)2022 Revenue 135 ($22M) Expenses 122 ($21M) Net assets 111 ($20M)2023 Revenue 155 ($26M) Expenses 134 ($23M) Net assets 125 ($22M)2024 Revenue 148 ($24M) Expenses 145 ($25M) Net assets 119 ($21M)2025 Revenue 156 ($26M) Expenses 146 ($26M) Net assets 120 ($21M)
'17'18'19'20'21'22'23'24'25
Revenue (156)Expenses (146)Net assets (120)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $30M to $32M (+9%).

$28M
$27M
$26M
$28M
$29M
$30M
$32M
$30M
$31M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 8% · 2022 1% · 2023 8%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

−$994k
’17
−$945k
’18
−$646k
’19
$642k
’20
$1.9M
’21
$823k
’22
$2.1M
’23
−$927k
’24
$235k
’25
2.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Jason Herzog

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed283030293230262626
Joined·+5+5+5+4+6+8+6+6
No longer listed·356181266
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 9 funders to 21 funders, grant income fell $607k → $233k.

8 of 38 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 81% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $7.9M from one payer (the payer shares this organization's board, largest The Steward School Foundation). These are real filings, and they are not money THE STEWARD SCHOOL raised.

From the IRS filings of THE STEWARD SCHOOL’s funders (the co-funder graph). Top 30 of 38 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

THE STEWARD SCHOOL leans on a few funders — its largest provides 51% of grant income and the top three 80%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

82% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE STEWARD SCHOOL.

51%
largest funder
80%
top three
~3
effective funders

Largest funder’s share by year: 2017 75% · 2018 40% · 2019 42% · 2020 39% · 2021 26% · 2022 86% · 2023 42% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

50% of THE STEWARD SCHOOL's funders are still giving 3 years after their first grant; 68% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

81% of THE STEWARD SCHOOL's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $1.3M that is directly attributable, 81% of it comes from Virginia funders.

IL
NY
WY
CT
MO
VA
MD
NC
GA
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Virginia out of state home

Funder states come from each funder’s own filing. $5.3M arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like THE STEWARD SCHOOL

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Virginia

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

80% of spending goes to programs.

Program 80%Management 18%Fundraising 2%

Governance

21
board members
86%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

VA

Part of a family of 1 related entity

  • The Steward School Foundation · exempt

Screen this organization

A dated, signed PDF of the compliance screen for THE STEWARD SCHOOL: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds THE STEWARD SCHOOL?
THE STEWARD SCHOOL (Virginia) receives grants from 38 organizations whose IRS filings report $6,605,782 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($3,392,245). 26 of them have funded it in more than one year, and 81% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does THE STEWARD SCHOOL have?
IRS filings report 38 organizations giving $6,605,782 in grants to THE STEWARD SCHOOL, 26 of which have funded it in more than one year.
Who is the largest funder of THE STEWARD SCHOOL?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $3,392,245 in grants. The full list of funders is on this page.
How can an organization like THE STEWARD SCHOOL find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Steward School →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 38 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing