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A multi-million dollar initiative designed to support visual and performing arts organizations in their efforts to increase audience engagement and make the arts more accessible to diverse populations. The program funds new or evolved programs that prioritize audience development and innovative engagement.
Supports nonprofit organizations that focus on neighborhood revitalization, affordable housing, and small business development. Priority is given to initiatives that promote growth in low- and moderate-income (LMI) communities.
Pnc Foundation is a private corporation based in PITTSBURGH, PA. The foundation received its IRS ruling in 1970. The principal officer is % Michael Labriola. It holds total assets of $166M. Annual income is reported at $257.2M. According to available records, Pnc Foundation has made 5 grants totaling $360.4M, with a median grant of $74M. Annual giving has grown from $64.5M in 2020 to $82.9M in 2023. Grantmaking activity was highest in 2022 with $148.1M distributed across 2 grants. Individual grants have ranged from $64.5M to $82.9M, with an average award of $72.1M. The foundation has supported 2 unique organizations. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
Pnc Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in PA.
Pnc Foundation has distributed a total of $360.4M across 5 grants. The median grant size is $74M, with an average of $72.1M. Individual grants have ranged from $64.5M to $82.9M.
SEE WWW.GIVINGPROGRAMS.COM/PNC.
Pnc Foundation is headquartered in PITTSBURGH, PA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John J Matthews | TREASURER | $0 | $0 | $0 |
| Michael A Labriola | CHIEF OPERATING OFFICER/SECRETARY | $0 | $0 | $0 |
| Sally Mccrady | PRESIDENT | $0 | $0 | $0 |
Total Giving
$88M
Total Assets
$76.1M
Fair Market Value
$126.6M
Net Worth
$76.1M
Grants Paid
$82.9M
Contributions
$0
Net Investment Income
$5.5M
Distribution Amount
$8.6M
Total: $50.6M
Total Grants
5
Total Giving
$360.4M
Average Grant
$72.1M
Median Grant
$74M
Unique Recipients
2
Most Common Grant
$74M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See AttachedGENERAL OPERATING | Pittsburgh, PA | $82.9M | 2023 |
| Recipient Statement AttachedGENERAL SUPPORT | Pittsburgh, PA | $64.5M | 2020 |
Other foundations that have funded Pnc Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Beacon Foundation Inc. | $975K | 2022 | CHARITABLE |
The foundation's flagship early childhood education initiative, supporting programs that prepare children from birth to age five for success in school and life. Funding focuses on literacy, math, science, the arts, and social-emotional development.
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