Citi Foundation
- Assets
- $88.2m
- Revenue
- $84.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1995
- Data as of
- 12/2023
- 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 12/2023, Citi Foundation generated $84.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $57.1m during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 5 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 992 individual grants totaling $443,585,000. 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 |
|---|---|---|---|
Edward Skyler Chairman | 1 | $0 | |
Mark Mason Director | 1 | $0 | |
Anand Selva Director (until 12/03/23) | 1 | $0 | |
David Livingstone Director | 1 | $0 | |
Titi Cole Director (as Of 6/23/23) | 1 | $0 | |
Sara Wechter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $82,850,000 |
| Interest on Savings | $1,383,338 |
| 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 | $84,233,338 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,079 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $20,579 |
| Contributions, gifts, grants paid | $57,087,608 |
| Total expenses and disbursements | $57,108,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,205,234 |
| 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 | $0 |
| Total assets | $88,205,234 |
| Accounts payable and accrued expenses | $1,965 |
| Grants payable | $5,750,000 |
| 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 | $5,751,965 |
Grants Awarded
Over the last fiscal year, Citi Foundation has awarded $86,220,000 in support to 167 organizations.
| Grant Recipient | Amount |
|---|---|
ACCION INTERNATIONAL PURPOSE: INCREASING EFFICACY OF FOOD SUPPLY CHAINS INITIATIVE | $500,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: MOROCCO EARTHQUAKE DISASTER RELIEF PROJECT | $100,000 |
AMERICAS SOCIETY INC PURPOSE: THE BETTER BREADBASKET PROJECT | $220,000 |
AMERICAN NEAR EAST REFUGEE AID INC PURPOSE: THE SUSTAINABLE ROOFTOP GARDENS PROJECT | $500,000 |
ASSET FUNDERS NETWORK PURPOSE: ADVANCING EQUITABLE WEALTH BUILDING AND ECONOMIC MOBILITY INITIATIVES | $100,000 |
BLACK FARMER FUND INC PURPOSE: STRENGTHENING NORTHEASTERN BLACK FOOD SYSTEMS INITIATIVE | $500,000 |