Non-profit

Stuart Foundation

Website:

stuartfoundation.org/

Location:

SAN FRANCISCO, CA

Tax ID:

20-0882784

Tax-Exempt Status:

501(c)(3)-PF

Budget (2015):

Revenue: $36,035,463
Expenses: $27,674,366
Assets: $384,896,422

President:

Sophie Fanelli

President's Salary:

$163,694

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The Stuart Foundation (formally the Elbridge Stuart Foundation) is a left-leaning grantmaking foundation formed by Elbridge A. Stuart, the creator of Carnation-brand evaporated milk. Its principal focus is on education in the state of California.

Background

The Stuart Foundation was started by Elbridge A. Stuart in 1937. Elbridge Stuart formed the Carnation company, a food processor best known for its evaporated milk product. Carnation was later sold to the Nestle corporation in 1985 for $3 billion. 16

Funding

While the Foundation’s endowment investments are its principal source of revenue, in 2018, the William and Flora Hewlett Foundation provided a grant to the Stuart Foundation for a learning collaborative based on state-level education equity. 0){ let parent=divs[divs.length-1].parentNode; let footer=divs[divs.length-1]; delete divs[divs.length-1]; for (let i=2; i