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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 is governed by 10 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 2023. 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.
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.
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 | N/A |
| Erik Bradbury | VICE PRESIDENT &ASST TREASURER | $0 | $0 | N/A |
| Kendall Handler | DIR, VP & SECRETARY | $0 | $0 | N/A |
| Christopher Halpin | DIR, VP & TREASURER | $0 | $0 | N/A |
| Anastasia K Von Walkenberg | VP & ASST SECRETARY | $0 | $0 | N/A |
| David Flynn | VICE PRESIDENT, TAX | $0 | $0 | N/A |
| Eric Degraw | VICE PRESIDENT, TAX | $0 | $0 | N/A |
| Tanya Stanich | DIR, VP & ASST SECRETARY | $0 | $0 | N/A |
| Joseph Levin | PRESIDENT | $0 | $0 | N/A |
Total Giving
$1.2M
Total Assets
$20.8M
Fair Market Value
$20.8M
Net Worth
$20.8M
Grants Paid
$917K
Contributions
N/A
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 | 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 |
| The New York Restoration ProjectEDUCATION (ENVIRONMENTAL EDUCATION PROGRAMS) | New York, NY | $25K | 2023 |
| Friends Of Hudson River ParkEDUCATION ('INCLUDES' PROGRAM) | New York, NY | $25K | 2023 |
| Sponsors For Educational OpportunityEDUCATION (IAC FELLOWS PARTNER) | New York, NY | $25K | 2023 |
| The Boys' Club Of New YorkEDUCATION, YOUTH SERVICES, HUMAN SERVICES - ONE OF THE FELLOWS' 2023 PITCH WINNERS | New York, NY | $20K | 2023 |
| Inspiring Minds NycEDUCATION - ONE OF THE FELLOWS' 2023 PITCH WINNERS | Brooklyn, NY | $20K | 2023 |
| The Petey Greene Program IncEDUCATION & HUMAN SERVICES - ONE OF THE FELLOWS' 2023 PITCH WINNERS | Princeton, NY | $20K | 2023 |
| Jones Valley Teaching FarmEDUCATION AND HUMAN SERVICES | Birmingham, AL | $20K | 2023 |
| Jumpstart Coalition For Personal Fin LiteracyEDUCATION - FINANCIAL LITERACY | Washington, DC | $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 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 |
| New York City Partnership FoundationGRANT FOR HUMAN SERVICES | New York, NY | $13K | 2023 |
| Downtown Events GroupHUMAN SERVICES/EDUCATION | Des Moines, IA | $10K | 2023 |
| Prep For PrepEDUCATION | 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 |
| Franklin & Marshall CollegeSCHOLARSHIP-ROBERTO MARTINEZ | Lancaster, PA | $10K | 2023 |
| Cornell UniversitySCHOLARSHIP-OKIKIOLUWA FAGBAMIGBE | Ithaca, NY | $10K | 2023 |
| Nadia SultanaSCHOLARSHIP | Brooklyn, NY | $10K | 2023 |
| Mohammed IhtishamSCHOLARSHIP | Cambridge, MA | $10K | 2023 |
| Kimberly AgostoSCHOLARSHIP | Amherst, MA | $10K | 2023 |
| Akosua AgyemangSCHOLARSHIP | New York, NY | $10K | 2023 |
| Ahmad KhalilSCHOLARSHIP | New York, NY | $10K | 2023 |
| Junior Achievement Of Cental Iowa IncEDUCATION | Des Moines, IA | $10K | 2023 |
| University Of MiamiSCHOLARSHIP-MELISSA TALERAND | Coral Gables, FL | $10K | 2023 |
| Northwestern UniversitySCHOLARSHIP-LILY LI | Evanston, IL | $10K | 2023 |
| Georgetown UniversitySCHOLARSHIP-HEATHER HUANG | Washington, DC | $10K | 2023 |
| Yale UniversitySCHOLARSHIP-MANDY ZHANG | New Haven, CT | $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 |
| Courtney Jennifer LiSCHOLARSHIP | New Haven, CT | $10K | 2023 |
| Harvard UniversitySCHOLARSHIP-KATIE CURRAN | Cambridge, MA | $10K | 2023 |
| Greater Des Moines Botanical GardenEDUCATION AND HUMAN SERVICES | Des Moines, IA | $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 |
| The Vanderbilt UniversitySCHOLARSHIP-KAMSON DONG | Nashville, TN | $10K | 2023 |
| Laura Oceanna PomaSCHOLARSHIP | Durham, NC | $10K | 2023 |
| Li Fang HuangSCHOLARSHIP | New York, NY | $10K | 2023 |