American Endowment Foundation
- Assets
- $7.1b
- Revenue
- $2.7b
- Investments
- $272.4m
- Employees
- 103
- Location
- Hudson, OH
- Founding
- 01/1994
- Data as of
- 12/2021
- EIN
- 34-1747398
Organization Overview
American Endowment Foundation is located in Hudson, OH. The organization was established in 1994. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, American Endowment Foundation employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Endowment 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 Endowment Foundation generated $2.7b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $809.7m during the year ending 12/2021. While expenses have increased by 14.9% per year over the past 7 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 2016, American Endowment Foundation has awarded 54,024 individual grants totaling $2,515,286,045. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE CAPACITY OF AMERICAN PHILANTHROPY
Describe the Organization's Program Activity:
AMERICAN ENDOWMENT FOUNDATION MAKES GRANTS TO U.S. CHARITABLE ORGANIZATIONS THAT ARE TAX-EXEMPT CHARITIES, OR TO U.S., STATE AND LOCAL GOVERNMENT ENTITIES FOR CHARITABLE PURPOSES. GRANTS ARE ONLY APPROVED IF THEY ARE USED EXCLUSIVELY IN FURTHERANCE OF CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John E Farren President | OfficerTrustee | 40 | $398,532 |
Stephen W Jones Director And Executive VP | OfficerTrustee | 40 | $280,640 |
Thomas J Tobin Former President | 0 | $231,452 | |
Michele Hoza General Counsel & Secretary Of Board | Officer | 40 | $209,538 |
Paula Hogan Chro | Officer | 40 | $198,635 |
Tyana Smith VP Development | Officer | 40 | $193,828 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wd Bpi Technology Support | 12/30/21 | $126,595 |
Prc Gen Technology Development | 12/30/21 | $136,760 |
Lewis Brisbois Bisgaard & Smith Legal Services | 12/30/21 | $139,025 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,573,664,847 |
| Noncash contributions included in lines 1a–1f | $1,786,449,397 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,573,664,847 |
| Total Program Service Revenue | $0 |
| Investment income | $110,706,642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,685,508,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $775,507,637 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,190,936 |
| Compensation of current officers, directors, key employees. | $634,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,439,700 |
| Pension plan accruals and contributions | $160,981 |
| Other employee benefits | $927,777 |
| Payroll taxes | $587,870 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $191,266 |
| Fees for services: Accounting | $98,202 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,187,548 |
| Fees for services: Other | $1,211,253 |
| Advertising and promotion | $0 |
| Office expenses | $213,953 |
| Information technology | $1,557,505 |
| Royalties | $0 |
| Occupancy | $550,374 |
| Travel | $47,068 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,768 |
| Interest | $318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,003 |
| Insurance | $50,620 |
| All other expenses | $111,575 |
| Total functional expenses | $809,660,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,387,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,057,645 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,450 |
| Net Land, buildings, and equipment | $498,642 |
| Investments—publicly traded securities | $6,670,512,776 |
| Investments—other securities | $272,368,961 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $436,448 |
| Total assets | $7,068,290,344 |
| Accounts payable and accrued expenses | $355,826 |
| Grants payable | $418,424 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $984,549 |
| Total liabilities | $1,758,799 |
| Net assets without donor restrictions | $7,066,531,545 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,068,290,344 |
Grants Awarded
Over the last fiscal year, American Endowment Foundation has awarded $737,267,625 in support to 11,681 organizations.
| Grant Recipient | Amount |
|---|---|
Hudson, OH PURPOSE: PHILANTHROPY | $64,273,415 |
Boston, MA PURPOSE: PHILANTHROPY | $26,435,642 |
Baltimore, MD PURPOSE: EDUCATIONAL | $10,012,500 |
Lehi, UT PURPOSE: GENERAL OPERATING SUPPORT | $10,000,000 |
Southeastern, PA PURPOSE: PHILANTHROPY | $9,084,672 |
ASSEMBLIES OF GOD FOUNDATION PURPOSE: RELIGION | $8,800,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that American Endowment Foundation has recieved totaling $47,500.
| Awarding Organization | Amount |
|---|---|
Damato Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
Abraham And Sally Magid Family Foundation Garden City, NY PURPOSE: UNRESTRICTED CONTRIBUTION | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Endowment Foundation Hudson, OH | $7,068,290,344 | $2,685,508,863 |
Columbus Foundation Columbus, OH | $2,241,760,925 | $316,145,889 |
Cleveland Foundation Cleveland, OH | $2,462,394,752 | $116,704,950 |
Greater Cincinnati Foundation Cincinnati, OH | $931,686,456 | $157,180,384 |
Community Foundation For Southeast Michigan Detroit, MI | $1,124,768,291 | $250,946,101 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Central Indiana Community Foundation Inc Indianapolis, IN | $548,109,976 | $56,175,018 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Dayton Foundation Dayton, OH | $614,105,736 | $82,530,515 |
Battle Creek Community Foundation Battle Creek, MI | $135,380,333 | $32,635,612 |
Kalamazoo Community Foundation Kalamazoo, MI | $677,092,659 | $78,067,850 |