Howmet Aerospace Foundation | Granted Foundation Directory | Granted AI
PITTSBURGH, PA
Howmet Aerospace Foundation Quick Facts
EIN 843022317
Location PITTSBURGH, PA
Phone (724) 272-3622
Category Philanthropy & Grantmaking
Total Assets $141.5M
Annual Income $42.9M
IRS Ruling Year 2020
Organization Type Non-Operating Foundation
Principal Officer % Dean Will
Tax Deductibility Contributions are deductible
About This Foundation Howmet Aerospace Foundation is a private corporation based in PITTSBURGH, PA. The foundation received its IRS ruling in 2020. The principal officer is % Dean Will. It holds total assets of $141.5M. Annual income is reported at $42.9M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Howmet Aerospace Foundation has made 974 grants totaling $39.5M, with a median grant of $25K. The foundation has distributed between $7M and $16.6M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $16.6M distributed across 404 grants. Individual grants have ranged from $2K to $1.5M, with an average award of $41K. The foundation has supported 425 unique organizations. The foundation primarily supports organizations in Pennsylvania, California, Michigan, which account for 35% of all grants. Grantmaking reaches organizations across 23 states. Contributions to this foundation are tax-deductible.
Application Information Preselected Only This foundation typically selects grantees rather than accepting unsolicited proposals.
Frequently Asked Questions What does Howmet Aerospace Foundation fund? Howmet Aerospace Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 974 grants. Its grantmaking reaches organizations primarily in PA, CA, MI.
How much does Howmet Aerospace Foundation give in grants? Howmet Aerospace Foundation has distributed a total of $39.5M across 974 grants. The median grant size is $25K, with an average of $41K. Individual grants have ranged from $2K to $1.5M.
How do I apply for a grant from Howmet Aerospace Foundation? Howmet Aerospace Foundation typically selects its grantees rather than accepting unsolicited proposals.
Where is Howmet Aerospace Foundation located? Howmet Aerospace Foundation is headquartered in PITTSBURGH, PA. While based in PA, the foundation distributes grants to organizations across 23 states.
Key People & Compensation (2021) Name Title Compensation Benefits Total John Hislop DIRECTOR $0 $0 $0 Ken Giacobbe DIRECTOR $0 $0 $0 Vitaliy Rusakov DIRECTOR $0 $0 $0 Dean E Will TREASURER $0 $0 $0 Neil Marchuk PRESIDENT/SECRETARY $0 $0 $0
990 Tax Filings Year Return Type PDF 2023 990PF 2022 990PF 2021 990PF 2020 990PF
Financial Overview Total Giving
$9.4M
2023 +19%
Total Assets
$143.3M
2023 -27%
Fair Market Value
$177.6M
2023
Net Investment Income
$2.2M
2023
Distribution Amount
$8.4M
2023
Investment Portfolio (2023) Total: $97.6M
Corporate Stock (21%)
Government Obligations (47%)
Other Investments (30%)
Cash (1%)
Revenue Sources (2023)
Dividends $2.9M
Capital Gains (Net) $510K Financial Details (2023)
Total Revenue $3.4M
Total Expenses $9.4M
Exempt Purpose Expenses $8.1M
Required Distribution $8.4M
Undistributed Income $187K
Total Liabilities $1.3M
Excise Tax $31K Foundation Classification (2023) Operating Foundation
Grants to Individuals
Non-Charity Grants
Lobbying Activity
Excess Business Holdings
Grantmaking Insights Grant Disbursements by Year Grant Range Smallest grant Largest grant
Openness to New Grantees (2023)
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
PA $8.8M (118)
CA $6.7M (137)
MI $3.1M (83)
OH $2.9M (114)
TX $1.5M (78)
NH $1.4M (7)
Past Grantees Recipient Location Amount Year American Educational Assistance Foundation 2023 Sons & Daughters Scholarship awards for 20 recipients Nashville, TN $80K 2023 Sola FoundationHowmet Aerospace Foundation Material Science and Engineering Lab Los Angeles, CA $500K 2023 Purdue Universityacquisition of Capture 3D GOM Scanbox series 5 West Lafayette, IN $452K 2023 Society For Sciencesupport for two categories at ISEF 2023 and 2024 Washington, DC $250K 2023 American Red Cross Los Angeles Region
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