American Express Foundation
- Assets
- $66.2m
- Revenue
- $62.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1956
- Data as of
- 12/2021
- EIN
- 13-6123529
Organization Overview
American Express Foundation is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. American Express 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, American Express Foundation generated $62.9m in total revenue. All expenses for the organization totaled $19.4m during the year ending 12/2021.
Since 2020, American Express Foundation has awarded 22,871 individual grants totaling $49,785,271. 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 |
|---|---|---|---|
Laureen Seeger Trustee | 0.12 | $0 | |
Stephen J Squeri Trustee | 0.12 | $0 | |
Jennifer Skyler Chair And Trustee | 0.19 | $0 | |
Timothy J Mcclimon Resigned Aug 21 President And Trustee | 0.5 | $0 | |
David A Kanarek Counsel | 0.12 | $0 | |
Jeff Campbell Treasurer And Trustee | 0.12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,920,292 |
| Interest on Savings | $2,411 |
| 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 | $62,922,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $115,521 |
| Total operating and administrative expenses | $135,321 |
| Contributions, gifts, grants paid | $19,283,060 |
| Total expenses and disbursements | $19,418,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,234,265 |
| 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 | $66,234,265 |
| 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, American Express Foundation has awarded $23,488,060 in support to 10,748 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: NONPROFIT INCUBATOR & COVID VACCINATION INITIATIVE | $1,500,000 |
SMITHSONIAN INSTITUTION PURPOSE: CULTURE GALLERIES SUPPORT AND CURATOR ENDOWMENTS | $1,000,000 |
COMMON PURPOSE CHARITABLE TRUST (498231) PURPOSE: DEVELOPING LEADERS | $980,000 |
Washington, DC PURPOSE: DISASTER RELIEF | $750,000 |
Longmont, CO PURPOSE: STRENGTHENING NATIVE PROGRAMS & FEEDING FAMILIES | $750,000 |
Washington, DC PURPOSE: COMMUNITY SERVICE | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Express Foundation has recieved totaling $10,250.
| Awarding Organization | Amount |
|---|---|
United Food And Commercial Workers International Union Dayton, OH PURPOSE: DONATION | $10,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
The Morningside Foundation Newton Centre, MA | $22,445,720 | $11,895,776 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
The Patrick J Mcgovern Foundation Inc Boston, MA | $1,660,673,846 | $20,910,577 |
One8 Foundation Boston, MA | $488,764,350 | $32,279,319 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |