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Iac Charitable Foundation Inc. is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 1998. The principal officer is % David Flynn. It holds total assets of $21.3M. Annual income is reported at $12.6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Iac Charitable Foundation Inc. has made 202 grants totaling $3M, with a median grant of $10K. Annual giving has grown from $373K in 2020 to $932K in 2023. Grantmaking activity was highest in 2022 with $943K distributed across 78 grants. Individual grants have ranged from $1K to $250K, with an average award of $15K. The foundation has supported 170 unique organizations. The foundation primarily supports organizations in New York, Massachusetts, Iowa, which account for 74% of all grants. Grantmaking reaches organizations across 25 states. Contributions to this foundation are tax-deductible.
Iac Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 202 grants. Its grantmaking reaches organizations primarily in NY, MA, IA.
Iac Charitable Foundation Inc. has distributed a total of $3M across 202 grants. The median grant size is $10K, with an average of $15K. Individual grants have ranged from $1K to $250K.
Iac Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals. The application deadline is APPLICATION INFORMATION CAN BE FOUND ON THE WEBSITE: https://www.iac.com/foundation. APPLICANTS MUST HAVE A DEMONSTRABLE NEED FOR FINANCIAL ASSISTANCE, WHETHER THEIR HOUSEHOLD INCOME FALLS BELOW THE DESIGNATED NATIONAL POVERTY LEVEL, OR THEIR CULTURAL OR FAMILY BACKGROUND HAS PLACED THEM AT AN EDUCATIONAL DISADVANTAGE. ELIGIBILITY WILL BE ASSESSED INDIVIDUALLY BASED ON THE COMPOSITION AND INCOME OF A STUDENT'S FAMILY. APPLICANTS MUST BE FEDERAL PELL GRANT-ELIGIBLE STUDENTS AS INDICATED ON THEIR FAFSA STUDENT AID REPORT (SAR). FOLLOWING AWARD NOTIFICATION, STUDENTS WILL BE REQUIRED TO PROVIDE A COPY OF THEIR ELIGIBILITY LETTER. APPLICANTS MUST DEMONSTRATE A RECORD OF ACADEMIC SUCCESS. APPLICANTS MUST BE STUDENTS ENROLLED OR PLANNING TO ENROLL AT AN ACCREDITED COLLEGE OR UNIVERSITY, RANGING FROM RISING COLLEGE FRESHMEN TO FIRST YEAR PHD STUDENTS. An application form is available on the foundation's website.
Iac Charitable Foundation Inc. is headquartered in NEW YORK, NY. While based in NY, the foundation distributes grants to organizations across 25 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Suzanne Kennedy | VP PHILANTHROPIC GIVING | $37K | $0 | $37K |
| Nick Stoumpas | VICE PRESIDENT &ASST TREASURER | $0 | $0 | $0 |
| Erik Bradbury | VICE PRESIDENT &ASST TREASURER | $0 | $0 | $0 |
| Kendall Handler | DIR, VP & SECRETARY | $0 | $0 | $0 |
| Christopher Halpin | DIR, VP & TREASURER | $0 | $0 | $0 |
Total Giving
$1.2M
Total Assets
$20.8M
Fair Market Value
$20.8M
Net Worth
$20.8M
Grants Paid
$917K
Contributions
$0
Net Investment Income
$794K
Distribution Amount
$1M
Total: $20M
Total Grants
202
Total Giving
$3M
Average Grant
$15K
Median Grant
$10K
Unique Recipients
170
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Brown UniversitySCHOLARSHIP-KEYANA ZAHIRI | Providence, RI | $10K | 2023 |
| E4e Relief LlcHUMAN SERVICES | Charlotte, NC | $75K | 2023 |
| Iowa State University FoundationEDUCATION IN SUPPORT OF APPRENTICE PROGRAM | Ames, IA | $50K | 2023 |
| The Juillard SchoolEDUCATION | New York, NY | $50K | 2023 |
| United Way Of Central IowaHUMAN SERVICES | Des Moines, IA | $30K |
| Anastasia K Von Walkenberg | VP & ASST SECRETARY | $0 | $0 | $0 |
| David Flynn | VICE PRESIDENT, TAX | $0 | $0 | $0 |
| Eric Degraw | VICE PRESIDENT, TAX | $0 | $0 | $0 |
| Tanya Stanich | DIR, VP & ASST SECRETARY | $0 | $0 | $0 |
| Joseph Levin | PRESIDENT | $0 | $0 | $0 |
| 2023 |
| Lincoln Center For The Performing Arts IncARTS | New York, NY | $25K | 2023 |
| Pen American Center IncEDUCATION | New York, NY | $25K | 2023 |
| Friends Of The High LineEDUCATION AND YOUTH DEVELOPMENT | New York, NY | $25K | 2023 |
| Sponsors For Educational OpportunityEDUCATION (IAC FELLOWS PARTNER) | New York, NY | $25K | 2023 |
| Friends Of Hudson River ParkEDUCATION ('INCLUDES' PROGRAM) | New York, NY | $25K | 2023 |
| The New York Restoration ProjectEDUCATION (ENVIRONMENTAL EDUCATION PROGRAMS) | New York, NY | $25K | 2023 |
| Inspiring Minds NycEDUCATION - ONE OF THE FELLOWS' 2023 PITCH WINNERS | Brooklyn, NY | $20K | 2023 |
| The Boys' Club Of New YorkEDUCATION, YOUTH SERVICES, HUMAN SERVICES - ONE OF THE FELLOWS' 2023 PITCH WINNERS | New York, NY | $20K | 2023 |
| Jones Valley Teaching FarmEDUCATION AND HUMAN SERVICES | Birmingham, AL | $20K | 2023 |
| The Petey Greene Program IncEDUCATION & HUMAN SERVICES - ONE OF THE FELLOWS' 2023 PITCH WINNERS | Princeton, NY | $20K | 2023 |
| Jumpstart Coalition For Personal Fin LiteracyEDUCATION - FINANCIAL LITERACY | Washington, DC | $15K | 2023 |
| New York City Police Foundation IncEDUCATION INITIATIVES AND STRENGTHENING COMMUNITY RELATIONS | New York, NY | $15K | 2023 |
| Future Farmers Of America FoundationEDUCATION AND WORKFORCE DEVELOPMENT | Indianapolis, IN | $15K | 2023 |
| Children'S Hospital Of AlabamaHUMAN SEVICES | Birmingham, AL | $15K | 2023 |
| New York Shakespeare Festivalpublic TheatreEDUCATION (PUBLIC WORKS PROGRAM) | New York, NY | $15K | 2023 |
| New York City Partnership FoundationGRANT FOR HUMAN SERVICES | New York, NY | $13K | 2023 |
| Nadia SultanaSCHOLARSHIP | Brooklyn, NY | $10K | 2023 |
| Kimberly AgostoSCHOLARSHIP | Amherst, MA | $10K | 2023 |
| Cornell UniversitySCHOLARSHIP-OKIKIOLUWA FAGBAMIGBE | Ithaca, NY | $10K | 2023 |
| Junior Achievement Of Cental Iowa IncEDUCATION | Des Moines, IA | $10K | 2023 |
| Greater Des Moines Botanical GardenEDUCATION AND HUMAN SERVICES | Des Moines, IA | $10K | 2023 |
| Ahmad KhalilSCHOLARSHIP | New York, NY | $10K | 2023 |
| Prep For PrepEDUCATION | New York, NY | $10K | 2023 |
| Downtown Events GroupHUMAN SERVICES/EDUCATION | Des Moines, IA | $10K | 2023 |
| Akosua AgyemangSCHOLARSHIP | New York, NY | $10K | 2023 |
| Boys & Girls Clubs Of Central IowaEDUCATION/HUMAN SERVICES | Des Moines, IA | $10K | 2023 |
| Alfred E Smith FoundationHUMAN SERVICES | New York Ny, NY | $10K | 2023 |
| Church Of The Holy Apostles Soup KitchenGRANT FOR CHRISTMAS DAY MEALS AND COATS | New York, NY | $10K | 2023 |
| Jahnay BryanSCHOLARSHIP | Ithaca, NY | $10K | 2023 |
| Elizette LakoueteneSCHOLARSHIP | New York, NY | $10K | 2023 |
| Franklin & Marshall CollegeSCHOLARSHIP-ROBERTO MARTINEZ | Lancaster, PA | $10K | 2023 |
| Courtney Jennifer LiSCHOLARSHIP | New Haven, CT | $10K | 2023 |
| Mohammed IhtishamSCHOLARSHIP | Cambridge, MA | $10K | 2023 |
| Harvard UniversitySCHOLARSHIP-KATIE CURRAN | Cambridge, MA | $10K | 2023 |
| City University Of Ny At Bernard M Baruch CollegeSCHOLARSHIP-MICHELLE YE | New York, NY | $10K | 2023 |
| Suny Stony Brook UniversitySCHOLARSHIP-ANUVA WARDAH | Stony Brook, NY | $10K | 2023 |
| Georgetown UniversitySCHOLARSHIP-HEATHER HUANG | Washington, DC | $10K | 2023 |
| The Vanderbilt UniversitySCHOLARSHIP-KAMSON DONG | Nashville, TN | $10K | 2023 |
| University Of MiamiSCHOLARSHIP-MELISSA TALERAND | Coral Gables, FL | $10K | 2023 |
| Laura Oceanna PomaSCHOLARSHIP | Durham, NC | $10K | 2023 |
| New York Institute Of TechnologySCHOLARSHIP-JOSIAH ALEXANDER | New York, NY | $10K | 2023 |
| Li Fang HuangSCHOLARSHIP | New York, NY | $10K | 2023 |
| Nayeemur RahmanSCHOLARSHIP | Cambridge, MA | $10K | 2023 |
| Fatuma IbrahimSCHOLARSHIP | St Louis, MO | $10K | 2023 |
| Ying LiSCHOLARSHIP | New York, NY | $10K | 2023 |
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