Citi Foundation
- Assets
- $102.0m
- Revenue
- $125.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 13-3781879
Organization Overview
Citi Foundation is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citi 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, Citi Foundation generated $125.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $112.9m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 4 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 2020, Citi Foundation has awarded 568 individual grants totaling $228,200,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francesco Vanni D'archirafi Director (until 5/31/21) | 1 | $0 | |
Edward Skyler Chairman | 1 | $0 | |
Mark Mason Director (as Of 2/4/21) | 1 | $0 | |
Anand Selva Director (as Of 1/27/21) | 1 | $0 | |
David Livingstone Director | 1 | $0 | |
Alberto Verme Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,160,000 |
| Interest on Savings | $33,055 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,193,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $2,098 |
| Contributions, gifts, grants paid | $112,850,000 |
| Total expenses and disbursements | $112,852,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $102,029,811 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,664 |
| Total assets | $102,040,475 |
| Accounts payable and accrued expenses | $3,000 |
| Grants payable | $21,225,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $21,228,000 |
Grants Awarded
Over the last fiscal year, Citi Foundation has awarded $118,775,000 in support to 335 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SUMMER JOBS CONNECT PROGRAM | $3,660,000 |
LIVING CITIES PURPOSE: CLOSING THE GAPS NETWORK & BUSINESS STARTS AND GROWTH PRACTICE AREA INITIATIVE | $2,400,000 |
UNITED NATIONS DEVELOPMENT PROGRAMME PURPOSE: YOUTH CO:LAB INITIATIVE | $2,200,000 |
Brooklyn, NY PURPOSE: WOMEN OF COLOR IN TECH COALITION PROGRAM | $2,000,000 |
New York, NY PURPOSE: RESCUING FUTURES 3 PROGRAM | $1,875,000 |
New York, NY PURPOSE: RESCUING FUTURES 3 PROGRAM | $1,875,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Edna Mcconnell Clark Foundation New York, NY | $667,303,729 | $41,338,798 |
The Jpb Foundation New York, NY | $3,112,143,645 | $422,930,172 |
Phillip And Susan Ragon Foundation Cambridge, MA | $62,348,069 | $1,628,724 |
Citi Foundation New York, NY | $102,040,475 | $125,193,055 |
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |