Warner Fund Inc (also known as Joseph Leroy and Ann C Warner Fund Inc) is a regional private foundation headquartered in New York, New York. The organization operates as a 501(c)(3) nonprofit entity and focuses on supporting individuals and organizations primarily located in New York and New Jersey.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.8M
+1.9% YoY
Annual Giving
$392K
-11.8% YoY
Grant Count
33
-34.0% YoY
Avg Grant Size
$12K
+33.6% YoY
Mission & Focus Areas
The Warner Fund prioritizes scholarships and funding initiatives that promote education, equity, and community development. The foundation aims to create lasting impact in areas where it is most needed.
Grantmaking
The foundation made 57 grants in 2024, with recent recipients including:
Ready to take the next step with Warner Fund Inc?
Geographic Focus
Where this funder awards grants
The Warner Fund primarily supports individuals and organizations located in New York and New Jersey, with a regional focus on these areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $6,832,595
- Total Revenues: $662,615
- Total Expenses: $531,040
- Investment Income and Dividends: $152,770
- Net Gain from Sale of Non-Inventory Assets: $368,955
The foundation's revenue composition shifted significantly in 2024, with no grants or contributions received (compared to $300,000 in 2023), while investment income increased 14.4% year-over-year.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,832,595 | $6,707,137 | $6,631,966 |
| Revenue | $662,615 | $644,501 | $726,331 |
| Expenses | $531,040 | $529,444 | $486,762 |
| Qualifying Distributions | $391,500 | $444,110 | $409,600 |
| Net Investment Income | $523,075 | $259,167 | $649,169 |
| Distributable Amount | $392,220 | $354,340 | $350,565 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
220 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation maintains a small staff of 2 employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEWIS STEEL | TRUSTEE | 1 | — |
| KITTY STEEL | TRUSTEE | 1 | — |
| PATRICK STEEL | TRUSTEE | 1 | — |
| JANINE STEEL ZANE | TRUSTEE | 1 | — |
| BRIAN STEEL | TRUSTEE | 1 | — |
Contact Information
- Phone: (646) 751-8795
- Primary Address: 2 Rector St FL 20, New York, NY 10006
- Additional Offices: 85 Broad St and 85 Broad St FL 28, New York, NY 10004
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Warner Fund Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities