S&p Global Foundation
- Assets
- $201.0m
- Revenue
- $8.5m
- Investments
- $191.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 27-3655593
Organization Overview
S&p Global Foundation is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. S&p Global 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, S&p Global Foundation generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $9.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, S&p Global Foundation has awarded 2,979 individual grants totaling $53,483,347. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION:THE MCGRAW-HILL RESEARCH FOUNDATION'S MISSION IS TO SUPPORT ORGANIZATIONS, PROJECTS AND ACTIVITIES THAT ARE ADVANCING GLOBAL EDUCATION AND KNOWLEDGE IN THE 21ST CENTURY. TO FURTHER THIS COMMITMENT, THE MCGRAW-HILL RESEARCH FOUNDATION WILL EDUCATE, INFORM AND RAISE AWARENESS ABOUT:1. NEW METHODOLOGIES TO IMPROVE STUDENT AND TEACHER PERFORMANCE;2. THE USE OF TECHNOLOGY AND INNOVATION TO EMPOWER LIFE-LONG LEARNING AND EDUCATION FOR JOBS;3. THE NEED TO IMPROVE FINANCIAL LITERACY; AND,4. EMERGING SOCIETAL ISSUES AND TRENDS IMPACTING THE GLOBAL COMMUNITY.
ON SEPTEMBER 23, 2014, THE MCGRAW-HILL RESEARCH FOUNDATION HOSTED THE 2014 HAROLD W. MCGRAW, JR. PRIZE IN EDUCATION AT THE NY PUBLIC LIBRARY IN NEW YORK CITY. THREE WINNERS WERE CHOSEN FOR THE INNOVATIVE RESEARCH AND AND TACTICS BEING USED WORLDWIDE TO IDENTIFY AND NARROW ACHIEVEMENT GAPS ACROSS THE EDUCATION SPECTRUM. HONOREES INCLUDED ANDREAS SCHLEICHER, DIRECTOR FOR EDUCATION AND SKILLS AND SPECIAL ADVISOR ON EDUCATION POLICY TO THE SECRETARY-GENERAL AT THE ORGANIZATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (OECD), CHRIS LEHMANN, FOUNDING PRINCIPAL, SCIENCE LEADERSHIP ACADEMY IN PHILADELPHIA AND SARA MARTINEZ TUCKER, CEO, NATIONAL MATH + SCIENCE INITIATIVE (NMSI).THE HAROLD W. MCGRAW, JR. PRIZE IN EDUCATION ANNUALLY RECOGNIZES OUTSTANDING INDIVIDUALS WHO HAVE DEDICATED THEMSELVES TO IMPROVING EDUCATION IN THIS COUNTRY AND WHOSE ACCOMPLISHMENTS ARE MAKING A DIFFERENCE TODAY.ATTENDEES INCLUDED WORLDWIDE SENIOR LEADERS AND EDUCATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette O'hanlon Chair | 10 | $0 | |
Chen Shulian Cheryl Cheryl Chen President | 35 | $0 | |
Grant Nicholson Vice President | 10 | $0 | |
Christopher Craig Treasurer | 1 | $0 | |
Alma Montanez Secretary | 1 | $0 | |
Kelly Hamren-Anderson Assistant Secretary | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lmb Communications | 12/30/14 | $284,168 |
Widmeyer Communications | 12/30/14 | $53,212 |
Time Frame Productions Inc | 12/30/14 | $68,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,382,771 |
| Dividends & Interest | $1,109,882 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,050 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $8,491,603 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101,504 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,495 |
| Total operating and administrative expenses | $166,764 |
| Contributions, gifts, grants paid | $8,786,429 |
| Total expenses and disbursements | $8,953,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,975,250 |
| 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 | $178,149,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $200,962,134 |
| 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, S&p Global Foundation has awarded $8,836,429 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AKHUWAT USA PURPOSE: DONATIONS WERE MADE IN SUPPORT OF EMPLOYEE PROGRAMS AND GRANTS THAT PROMOTE CHARITABLE SUPPORT OF EDUCATIONAL, CIVIC, CULTURAL, ENVIRONMENTAL, HEALTH AND HUMAN SERVICE PROGRAMS. | $75,000 |
AMERICAN NATIONAL RED CROSS PURPOSE: DONATIONS WERE MADE IN SUPPORT OF DISASTER RELIEF. | $50,000 |
AMERICAN ONLINE GIVING FOUNDATION PURPOSE: DONATIONS WERE MADE IN SUPPORT OF EMPLOYEE PROGRAMS AND GRANTS THAT PROMOTE CHARITABLE SUPPORT OF EDUCATIONAL, CIVIC, CULTURAL, ENVIRONMENTAL, HEALTH AND HUMAN SERVICE PROGRAMS. | $6,940,384 |
BREAKING BARRIERS PURPOSE: DONATIONS WERE MADE IN SUPPORT OF EMPLOYEE PROGRAMS AND GRANTS THAT PROMOTE CHARITABLE SUPPORT OF EDUCATIONAL, CIVIC, CULTURAL, ENVIRONMENTAL, HEALTH AND HUMAN SERVICE PROGRAMS. | $50,000 |
DIRECT RELIEF PURPOSE: DONATIONS WERE MADE IN SUPPORT OF DISASTER RELIEF. | $25,000 |
HUMAN RIGHTS WATCH INC PURPOSE: DONATIONS WERE MADE IN SUPPORT OF EMPLOYEE PROGRAMS AND GRANTS THAT PROMOTE CHARITABLE SUPPORT OF EDUCATIONAL, CIVIC, CULTURAL, ENVIRONMENTAL, HEALTH AND HUMAN SERVICE PROGRAMS. | $200,000 |