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STEPHEN & PALMINA PACE FOUNDATION INC
NEW YORK, NY · EIN 474164575 · Form 990PF · FY2024 · Small ($100K-$1M)
revenue
$250K
expenses
$144K
net assets
$11.8M
employees
—
profile · synthesized from sources

Private foundation based in New York that supports arts organizations through financial grants and donations of artwork. Primary beneficiaries include art centers, museums, and foundations, with a focus on institutions in Maine and New York. Active grantmaking since at least 2020, with contributions often designated as unrestricted support.

named programs · 2 · from sources

What they call their work

Art Donation Initiative
Donates original artwork by Stephen Pace to museum collections and cultural institutions
Art Institution Support Program
Provides unrestricted and designated grants to art centers, museums, and foundations supporting the arts
activities · 2 groups

What they do

  • Art Museum Funding and Support 4 activities
    • Funding Farnsworth Art Museum
      Provides a $10,000 unrestricted grant to the Farnsworth Art Museum.
    • Funding Fine Arts Work Center in Provincetown
      Supports Fine Arts Work Center in Provincetown with multiple unrestricted grants, including amounts of $17,500, $16,500 (two instances), $39,000, and $10,000.
    • Funding Maine College of Art and Design
      Provides financial support to Maine College of Art and Design through multiple contributions, including $135,000 and $65,000 grants.
    • In-kind donation of artwork to Fairfield University Art Museum
      Contributes artwork by Stephen Pace to the Fairfield University Art Museum, valued at $346,470.
  • General Operating Support Grants 1 activity
    • Funding New York Foundation for the Arts
      Awards grants to the New York Foundation for the Arts, including $15,000 and an additional $15,000 unrestricted contribution.
financials · form 990PF · fy2024
revenue
Total revenue$250K
Contributions & grants$00%
Program service revenue——
Investment income$44K18%
Other revenue$205K
expenses
Total expenses$144K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$70K
Grants paid out$153K
balance sheet
Total assets$11.76M
Cash—
Investments—
Liabilities—
Net assets$11.76M
5 years on record · 2020–2024 · YoY revenue +210.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
CATHERINE CLAMAN PRESIDENT/TREASURER 35 $70K
board members · 3
  • BETHANY DOBSON — DIRECTOR
  • ERNEST R NATALINI — DIRECTOR
  • SUSAN VECSEY — DIRECTOR
relationships · 5

Who they work with

  • FAIRFIELD UNIVERSITY ART MUSEUM Partner — Receives donated artwork by Stephen Pace from the foundation.
  • FARNSWORTH ART MUSEUM Partner — Receives unrestricted financial contributions from the foundation.
  • FINE ARTS WORK CENTER IN PROVINCETOWN Partner — Receives unrestricted financial contributions from the foundation.
  • MAINE COLLEGE OF ART AND DESIGN Partner — Receives financial contributions from the foundation.
  • NEW YORK FOUNDATION FOR THE ARTS Partner — Receives financial contributions from the foundation.