Andrew W Mellon Foundation
- Assets
- $8.2b
- Revenue
- $505.9m
- Investments
- $7.3b
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1956
- Data as of
- 12/2020
- EIN
- 13-1879954
Organization Overview
Andrew W Mellon Foundation is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrew W Mellon Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Andrew W Mellon Foundation generated $505.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $527.9m during the year ending 12/2020. While expenses have increased by 8.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Andrew W Mellon Foundation has awarded 4,113 individual grants totaling $2,638,833,928. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Alexander President | 40 | $1,059,864 | |
Scott Taylor Chief Investment Officer | 40 | $885,601 | |
Michele S Warman Evp, Coo, Gen Cnsl, & Sec | 40 | $840,757 | |
Monica C Spencer Sr Prf Mgr Thru 9/10 | 40 | $572,788 | |
Thomas J Sanders CFO | 40 | $535,608 | |
Abigail Archibald Senior Portfolio Mgr | 40 | $509,408 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Investment Management Inc | 12/30/21 | $2,844,669 |
Elysium Construction | 12/30/21 | $6,599,413 |
Kelco Construction Inc | 12/30/21 | $1,558,655 |
Evensonbest Llc | 12/30/21 | $1,423,091 |
Architecture Research Office Llc | 12/30/21 | $1,248,655 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $157,004 |
| Dividends & Interest | $18,803,860 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $486,741,317 |
| Capital Gain Net Income | $313,391,306 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $187,962 |
| Total Revenue | $505,890,143 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,326,164 |
| Other employee salaries and wages | $20,902,179 |
| Pension plans, employee benefits | $8,526,012 |
| Interest | $3,141,183 |
| Taxes | $6,749,642 |
| Depreciation | $2,614,208 |
| Occupancy | $1,011,829 |
| Travel, conferences, and meetings | $382,129 |
| Printing and publications | $277,280 |
| Other expenses | $5,907,646 |
| Total operating and administrative expenses | $65,268,418 |
| Contributions, gifts, grants paid | $462,679,253 |
| Total expenses and disbursements | $527,947,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,470,322 |
| Savings and temporary cash investments | $581,013,055 |
| Net Accounts receivable | $272,264,966 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,592,430,488 |
| Net Land, buildings, and equipment | $32,031,497 |
| Other assets | $13,786,151 |
| Total assets | $8,218,016,721 |
| Accounts payable and accrued expenses | $43,507,149 |
| Grants payable | $143,874,501 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $344,350,000 |
| Total liabilities | $531,731,650 |
Grants Awarded
Over the last fiscal year, Andrew W Mellon Foundation has awarded $643,272,840 in support to 735 organizations.
| Grant Recipient | Amount |
|---|---|
TIDES CENTER PURPOSE: TO SUPPORT CREATIVES REBUILD NEW YORK | $90,000,000 |
TIDES CENTER PURPOSE: TO SUPPORT CREATIVES REBUILD NEW YORK | $25,000,000 |
LIBRARY OF CONGRESS PURPOSE: TO SUPPORT A MULTI-PRONGED PROGRAM OF OUTREACH, TECHNOLOGY INNOVATION, AND ARCHIVES DEVELOPMENT FOR, AND BY, TRADITIONALLY UNDERREPRESENTED COMMUNITIES | $7,500,000 |
Oakland, CA PURPOSE: TO SUPPORT EXPANSION OF THE UNIVERSITY OF CALIFORNIA'S PRESIDENTIAL POSTDOCTORAL FELLOWSHIP PROGRAM BY SHARPENING ITS FOCUS ON THE HUMANITIES AT SIX HSI UC CAMPUSES DESIGNATED AS HISPANIC-SERVING INSTITUTIONS | $7,500,000 |
Oakland, CA PURPOSE: TO SUPPORT EXPANSION OF THE UNIVERSITY OF CALIFORNIA'S PRESIDENTIAL POSTDOCTORAL FELLOWSHIP PROGRAM BY SHARPENING ITS FOCUS ON THE HUMANITIES AT SIX HSI UC CAMPUSES DESIGNATED AS HISPANIC-SERVING INSTITUTIONS | $7,500,000 |
RUTGERS THE STATE UNIVERSITY OF NEW JERSEY PURPOSE: TO SUPPORT THE ESTABLISHMENT OF AN INSTITUTE FOR THE ADVANCED STUDY OF RACE AND SOCIAL JUSTICE | $7,500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Andrew W Mellon Foundation New York, NY | $8,218,016,721 | $505,890,143 |
Stephen Siller Tunnel To Towers Foundation Staten Island, NY | $203,334,406 | $264,017,854 |
The Annenberg Foundation Conshohocken, PA | $1,804,363,680 | $109,022,988 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |