Carl C Icahn Foundation
- Assets
- $147.6m
- Revenue
- $1.0m
- Investments
- $88.0m
- Employees
- 2
- Location
- Sunny Isles Beach, FL
- Founding
- 03/1997
- Data as of
- 12/2022
- EIN
- 13-3913393
Organization Overview
Carl C Icahn Foundation is located in Sunny Isles Beach, FL. The organization was established in 1997. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2023, Carl C Icahn Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carl C Icahn 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 12/2022, Carl C Icahn Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (24.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Carl C Icahn Foundation has awarded 55 individual grants totaling $6,566,164. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL AND OTHER ASSISTANCE TO STUDENTS, CHILDREN AND PARENTS, AND LOW-INCOME FAMILIES, TO ASSIST WITH EDUCATIONAL OPPORTUNITIES AND OTHER SERVICES LISTED IN PART III.
Describe the Organization's Program Activity:
SUPPORT FOR THE RENOVATION AND RECONSTRUCTION OF A CHARTER SCHOOL FACILITY (PELHAM PARKWAY BUILDING) WHICH IS HOME TO SEVERAL CHARTER SCHOOLS. THE CONSTRUCTION PROJECT WAS COMPLETED IN SEPTEMBER 2016.
EDUCATIONAL PROGRAMS
SUPPORT FOR UNDERPRIVILEGED STUDENTS AT CHOATE ROSEMARY HALL LOCATED IN WALLINGFORD, CONNECTICUT.
SUPPORT THE WORK OF THE GLOBAL POLIO ERADICATION INITIATIVE IN ITS MISSION TO ERADICATE POLIO BY 2018.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Golden-Icahn Vp, Director | 1 | $0 | |
Carl C Icahn President, Director | 1 | $0 | |
Susan Gordon Secretary | 1 | $0 | |
Rowella Asuncion-Gumabong Vp, Treasurer | 1 | $0 | |
Irene March Vp, Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $862,466 |
| Dividends & Interest | $107,964 |
| Net Rental Income | $50,000 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $7,556,003 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,514 |
| Total Revenue | $1,024,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,304 |
| Total operating and administrative expenses | $154,729 |
| Contributions, gifts, grants paid | $952,190 |
| Total expenses and disbursements | $1,106,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,233 |
| Savings and temporary cash investments | $59,352,668 |
| 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 | $87,974,478 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $147,590,379 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Carl C Icahn Foundation has awarded $952,190 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
BREAST CANCER RESEARCH FOUNDATION PURPOSE: BREAST CANCER RESEARCH | $5,000 |
DOMINICAN ACADEMY OF THE CITY OF NEW YORK PURPOSE: SCHOLARSHIP | $30,050 |
SOUTHAMPTON HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
PARTNERSHIP FOR PUBLIC SERVICE PURPOSE: GENERAL SUPPORT | $10,000 |
LVIS (THE LADIES' VILLAGE IMPROVEMENT SOCIETY) PURPOSE: GENERAL SUPPORT | $2,000 |
FORDHAM PREPARATORY SCHOOL PURPOSE: SCHOLARSHIP | $60,000 |