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“Make the world a better place for this and future generations.” W. Clement Stone

The Foundation is dedicated to bringing about positive change in five major urban areas – Chicago, Boston, Philadelphia, New York City, the San Francisco Bay Area — with a commitment to providing the educational and developmental opportunities that support equitable outcomes and enable all children and young people to fulfill their potential.

Stone Leaders for Change

The Foundation awards scholarship grants to youth leadership organizations that are currently part of the Foundation’s youth development portfolio. Executive directors are able to use funds for purposes that they believe will most strengthen their own organizational impact, flowing from their leadership and professional growth.

Grantee Convenings on Equity

Annually, the Foundation staff and grantee leaders from the three portfolios and all funded geographies, in partnership with Dr. Sherri Killins-Stewart, co-design an annual convening focused on racial equity. The convenings allow both the Foundation and grantees to forge a closer partnership to address the challenges of system wide inequities.

Mission-Related Investing

The Foundation goes beyond grantmaking and uses the impact portion of its investment portfolio to help achieve the Foundation’s mission. Together with our advisors, we actively track the rapidly-growing field of impact investing, and continually re-examine our approach to make sure we are making the most of opportunities in a dynamic investment landscape.

New & Noteworthy

Gov. Josh Shapiro signs the Pennsylvania state budget into law in August 2023. In his new budget proposal, Shapiro is seeking $1.1 billion in additional basic education funding. (Courtesy of Gov. Josh Shapiro’s office)

Record-setting increase in public school funding proposed by Pennsylvania governor

February 6, 2024
Gov. Josh Shapiro proposed a 2024-25 budget Tuesday that increases basic education funding by $1.1 billion, which would be the largest single-year increase ever. Most of that money, $900 million, would be funneled through a so-called adequacy formula that calculates what every district actually requires to educate all their children to high standards, based on students’ needs.
Adam Hopfner of the Yale School of Architecture tours a two-family home on Howard Street in New Haven. The home will house teachers at the Friends Center for Children and their families.

New Haven teachers cash in on rent-free housing

August 14, 2023
A New Haven early childcare center is expanding a program providing free homes for teachers and their families. Friends Center for Children began the Teacher Housing Initiative in 2021. With the planned completion of a newly constructed home set for the fall, the center will provide housing for six of its teachers. The program is specifically designed to ease the financial burden some educators face, Friends Center Executive Director Allyx Schiavone said. Ninety-seven percent of educators teaching children under the age of five are women and mostly people of color.
Male teacher supporting two students.

How do we address the educator shortage in Illinois? We have the powerful tools to do so.

January 12, 2024
When discussing the educator workforce shortages in Illinois, it is evident that the challenges our education system faces are complex. Reporter Shanzeh Ahmad’s recent article in the Tribune highlights the persistent, critical shortage of educators in special education and bilingual classes and sheds light on the disparate impact these shortages have on particular student populations. We must address this issue with urgency.

Building Political Power When Everything Is at Stake

November 20, 2023
Our organizations, The Funders’ Collaborative on Youth Organizing and The Hyams Foundation, are movement funders that share a common set of assumptions about the nature of power and the role that progressive philanthropy must play in defending democracy. As women of color and leaders of movement foundations, we are preoccupied with the question: What role should progressive philanthropy play in responding to the rise of repressive, authoritarian policies that threaten the lives and well-being of the communities we are accountable to?