Andrew W Mellon Foundation
- Assets
- $0.0
- Revenue
- $1.1b
- Investments
- $8.6b
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1956
- Data as of
- 12/2021
- 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 12/2021, Andrew W Mellon Foundation generated $1.1b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.3% each year . All expenses for the organization totaled $558.0m during the year ending 12/2021. While expenses have increased by 8.2% 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 4,970 individual grants totaling $3,397,681,559. 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
2021
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 | $1,161,595 | |
Scott Taylor Chief Investment Officer | 40 | $2,661,440 | |
Michele S Warman Evp, Coo, Gen Cnsl, & Sec | 40 | $2,925,340 | |
Carter Stewart Evp For Programs | 40 | $551,151 | |
Kathryn A Hall Trustee, Brd Chr | 6 | $63,750 | |
Richard H Brodhead Trustee | 5 | $48,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elysium Construction | 12/30/22 | $9,051,277 |
Evensonbest Llc | 12/30/22 | $1,199,083 |
Architecture Research Office Llc | 12/30/22 | $1,195,246 |
Jp Morgan Investment Management Inc | 12/30/22 | $955,259 |
One Diversified Llc | 12/30/22 | $932,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $39,305 |
| Dividends & Interest | $16,873,508 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,561 |
| Total Revenue | $1,146,757,446 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,495,944 |
| Pension plans, employee benefits | $10,296,318 |
| Depreciation | $2,717,629 |
| Occupancy | $1,728,869 |
| Travel, conferences, and meetings | $104,082 |
| Printing and publications | $133,423 |
| Total operating and administrative expenses | $88,108,962 |
| Contributions, gifts, grants paid | $469,846,307 |
| Total expenses and disbursements | $557,955,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,744,823 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,740,413,167 |
| Other assets | $14,128,463 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $344,350,000 |
Grants Awarded
Over the last fiscal year, Andrew W Mellon Foundation has awarded $758,847,631 in support to 857 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN FUTURES INSTITUTE LBG PURPOSE: TO SUPPORT CAPACITY BUILDING, CONTINUED PUBLIC EVENTS PROGRAMMING, NEW ACADEMIC PROGRAMS, AND RESEARCH ACTIVITIES | $575,000 |
ACTORS GANG INC PURPOSE: TO SUPPORT THE ALUMNI ADVOCACY PROJECT | $450,000 |
ALLIANCE FOR CALIFORNIA TRADITIONAL ARTS PURPOSE: TO SUPPORT ORGANIZATIONAL CAPACITY AND A NATIONAL FELLOWSHIP FOR TRADITIONAL ARTISTS | $2,500,000 |
AGNES SCOTT COLLEGE PURPOSE: TO SUPPORT HISTORICAL RESEARCH, DOCUMENTATION, AND THE CREATION OF A NEW CURRICULUM ABOUT THE RACIAL HISTORY OF DECATUR, GEORGIA | $750,000 |
ALLIANCE OF ARTISTS COMMUNITIES PURPOSE: TO SUPPORT DEVELOPING AN ARTIST-NOMINATED FUND, CONVENINGS AND PROGRAMMING, RESEARCH EFFORTS, AND INCREASING STAFF TO GROW CAPACITY | $1,600,000 |
ALLIANCE OF RESIDENT THEATRES NEW YORK INC PURPOSE: TO PROVIDE A FINAL ROUND OF SUPPORT FOR THE NEW YORK THEATER PROGRAM | $2,000,000 |