"After the dissolution of the Rosenwald Fund, Edith Stern– Julius Rosenwald’s daughter and David Stern's grandmother – established the second iteration of the family foundation, which she named the Stern Fund. Following her father's example, Edith Stern's fund was established to expire after 25 years. The fund trustees made a number of strategic decisions that reinforced Rosenwald's commitment to bold social action, utilizing innovative grant-making tactics to accomplish those goals...
"In addition to new board members, the Stern Fund hired David Hunter, widely recognized as the godfather of progressive, socially conscious philanthropy in the United States... While Hunter was executive director, the Stern Fund supported projects focused on government accountability, corporate responsibility, grassroots organizing, and redistribution of wealth... In the early 1980s, after the Stern Fund had dissolved, Edith’s son Phil turned his attention to his own personal foundation, the Philip M. Stern Family Fund."
Resources and articles
- NFG Through Multiple Generations: Rosenwald and Stern Families' Philanthropic Journey, organizational web page, accessed April 22, 2012.