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.
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. 
The Stuart Foundation is a grantmaking organization that provides funding for education and child welfare initiatives.  It has an asset base of $520 million with expenditures of approximately $21 million each year. 
The son of Elbridge Stuart started the Dwight Stuart Youth Fund in 2001. The DSYF was later merged with the Stuart Foundation. The Board of Advisors for DYSF is comprised of the late Elbridge A. Stuart’s four sons. 
In 2014, the Stuart Foundation announced a new president. Jonathan P. Raymond replaced Christy Pischel, who had led the organization since 2003.  Jonathan Raymond is the former director of the California Office to Reform Education and Superintendent of the Sacramento Unified School District; he later left Stuart Foundation. 
In 2019, the Board of Trustees for the Stuart Foundation announced that Sophie Fanelli had been selected as president for the foundation. Fanelli previously worked at UCLA and the American Civil Liberties Union of Southern California.  Ms. Fanelli replaced David Barlow, who acted as interim president during a search for the next president of the Stuart Foundation. 
Grants from the Stuart Foundation primarily focus on programs in the States of Washington and California. 
The Stuart Foundation has provided financial grants for Oceanside Promise, the California Office of Reform Education, a California State University San Marcos program called “ART=OPPORTUNITY,” the Policy Institute of California, California Community Foundation, California County Superintendents Educational Services Association, California State Fullerton Philanthropic Foundation, University of California Berkeley Institute of Urban and Regional Development, Orange County Superintendent of Schools, John Burton Advocates for Youth, Californians Together, National Center for Youth Law, PJS Consultants, Asian Americans Advancing Justice, ConnectEd: the California Center for College and Career, Californians Together, Education Resource Strategies, Council for a Strong America, Standford University, University of California Los Angeles, Sacramento City Unified School District, Center for Powerful Public Schools, Treehouse, the Community School for Creative Education, the Education Leadership Development Academy, and CASEL. 
California Black Freedom Fund
The Stuart Foundation was one of the original donors to fund the creation of the California Black Freedom Fund (CBFF) at the end of 2020. The CBFF is a left-of-center grantmaking organization that funds California-based groups that seek to eliminate what it perceives as systemic racism. It used funding from the original donors to provide grants that went towards advocacy for targeted redistricting, so-called racial equity, and the firing of who it determines are racist police officers. 
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.