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Citi Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1995. The principal officer is Karen V Wright. It holds total assets of $101.5M. Annual income is reported at $80.2M. Total assets have grown from $62.8M in 2011 to $101.5M in 2024. The foundation is governed by 14 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Virginia, New York and California. According to available records, Citi Foundation has made 1,143 grants totaling $475.8M, with a median grant of $250K. The foundation has distributed between $86.2M and $188.6M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $188.6M distributed across 468 grants. Individual grants have ranged from $50K to $10M, with an average award of $416K. The foundation has supported 297 unique organizations. The foundation primarily supports organizations in New York, Virginia, District of Columbia, which account for 72% of all grants. Grantmaking reaches organizations across 24 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$50K
Median Grant
$250K
Average Grant
$363K
Largest Grant
$3.7M
Based on 278 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Citi Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1,143 grants. Its grantmaking reaches organizations primarily in NY, VA, DC.
Citi Foundation has distributed a total of $475.8M across 1,143 grants. The median grant size is $250K, with an average of $416K. Individual grants have ranged from $50K to $10M.
Citi Foundation typically selects its grantees rather than accepting unsolicited proposals.
Citi Foundation is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 24 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Valencia Wright | VICE PRESIDENT & TREASURER | $0 | $0 | N/A |
| Florencia Spangaro | VICE PRESIDENT & COO | $0 | $0 | N/A |
| Brandee Mchale | PRESIDENT | $0 | $0 | N/A |
| Ernesto Torres Cantu | DIRECTOR | $0 | $0 | N/A |
| Peter Babej | DIRECTOR | $0 | $0 | N/A |
| Sara Wechter | DIRECTOR | $0 | $0 | N/A |
| Titi Cole | DIRECTOR (AS OF 6/23/23) | $0 | $0 | N/A |
| David Livingstone | DIRECTOR | $0 | $0 | N/A |
| Anand Selva | DIRECTOR (UNTIL 12/03/23) | $0 | $0 | N/A |
| Mark Mason | DIRECTOR | $0 | $0 | N/A |
| Edward Skyler | CHAIRMAN | $0 | $0 | N/A |
| Elizabeth Eaton | ASSISTANT SECRETARY (AS OF 6/23/23) | $0 | $0 | N/A |
| Shelley J Dropkin | ASSISTANT SECRETARY (UNTIL 6/23/23) | $0 | $0 | N/A |
| Andrew Fox | VP & SEC. | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$101.5M
Fair Market Value
N/A
Net Worth
$69.8M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
1,143
Total Giving
$475.8M
Average Grant
$416K
Median Grant
$250K
Unique Recipients
297
Most Common Grant
$250K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| National Bankers Community Alliance IncMDI CONNECTTECH INITIATIVE | Washington, DC | $5.3M | 2023 |
| Calvert Impact Capital Inc100X10 FOR SMALL BIZ PROGRAM | Bethesda, MD | $4.5M | 2023 |
| Opportunity Finance NetworkNEXT GEN CDFI WORKFORCE PROGRAM | Philadelphia, PA | $3M | 2023 |
| Capital Impact PartnersCDIB PROGRAM | Arlington, VA | $2.6M | 2023 |
| United Nations Development ProgrammeASIA PACIFIC YOUTH CO:LAB INITIATIVE | New York, NY | $2.2M | 2023 |
| Local Initiatives Support CorporationBUILDING A MORE DIVERSE CDFI WORKFORCE INITIATIVE | New York, NY | $2M | 2023 |
| International Rescue Committee IncRESILIENT FUTURES 4 PROGRAM | New York, NY | $1.9M | 2023 |
| African American Alliance Of Cdfi Ceos IncTHE ALLIANCE BUILDING CAPACITY INITIATIVE | Orlando, FL | $1.5M | 2023 |
| Npower IncADVANCING TECH PATHWAYS & WOMEN OF COLOR COALITION PROGRAM | Brooklyn, NY | $1.5M | 2023 |
| Financial Health Network IncADVANCING CONSUMER AND COMMUNITY FINANCIAL HEALTH PROGRAM | Chicago, IL | $1.3M | 2023 |
| National Association For Latino Community Asset BuildersNALCAB CDFI CERTIFICATION PROGRAM | San Antonio, TX | $1.3M | 2023 |
| California Association For Microenterprise OpportunityCDFI SHARED SERVICES PROGRAM | San Francisco, CA | $1.2M | 2023 |
| IdeoorgGLOBAL INNOVATION LEARNING COMMUNITY PROGRAM | San Francisco, CA | $1.2M | 2023 |
| Network For Teaching EntrepreneurshipOWN YOUR FUTURE INITIATIVE | New York, NY | $1.1M | 2023 |
| Management Leadership For TomorrowMLT ASCEND INITIATIVE | Bethesda, MD | $1M | 2023 |
| Credit Builders Alliance IncCONSUMER LENDER BOOTCAMP PROGRAM | Washington, DC | $1M | 2023 |
| Charities Aid Foundation AmericaISRAEL EMERGENCY RELIEF PROGRAM | Alexandria, VA | $1M | 2023 |
| Echoing Green IncRACIAL EQUITY PHILANTHROPIC FUND INITIATIVE | New York, NY | $1M | 2023 |
| Ja Worldwide IncJA EUROPE: ENTREPRENEURSHIP EDUCATION EUROPE PROGRAM | Boston, MA | $800K | 2023 |
| Cities For Financial Empowerment Fund IncSUMMER JOBS CONNECT INITIATIVE | New York, NY | $800K | 2023 |
| Inclusiv IncNEW MAJORITY MDI & COOPERATIVA GROWTH INITIATIVE | New York, NY | $750K | 2023 |
| American National Red CrossANNUAL DISASTER GIVING PROGRAM | Washington, DC | $500K | 2023 |
| United Negro College Fund IncHBCU TECHVENTURES INITIATIVE | Washington, DC | $500K | 2023 |
| White Pony ExpressWPE FOOD RESCUE HERO INITIATIVE | Pleasant Hill, CA | $500K | 2023 |
| Feed The Hunger FundENSURING SUSTAINABILITY: ACCESS AND RESILIENCE INITIATIVE | San Francisco, CA | $500K | 2023 |
| Cooperative For Assistance And Relief Everywhere IncSHE FEEDS THE WORLD: CARE GUATEMALA PROGRAM | Atlanta, GA | $500K | 2023 |
| Partners In Food SolutionsUNLOCKING FORTIFICATION THROUGH SMALL "POSHO" MILLERS PROJECT | Edina, MN | $500K | 2023 |
| Lawyers Committee For Civil Rights Under LawSTRENGTHENING COMMUNITY LEADERSHIP INITIATIVE | Washington, DC | $500K | 2023 |