Andrew W Mellon Foundation
- Assets
- $7.0b
- Revenue
- $446.8m
- Investments
- $6.3b
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1956
- Data as of
- 12/2019
- EIN
- 13-1879954
Organization Overview
Andrew W Mellon Foundation is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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.
For the year ending 12/2019, Andrew W Mellon Foundation generated $446.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $376.1m during the year ending 12/2019. While expenses have increased by 2.6% 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 2016, Andrew W Mellon Foundation has awarded 2,669 individual grants totaling $1,450,090,036. 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
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE GENERAL EXPLANATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Taylor Chief Investment Officer | 40 | $1,802,666 | |
Monica C Spencer Senior Portfolio Mgr | 40 | $1,111,997 | |
Elizabeth Alexander President | 40 | $914,505 | |
Michele S Warman Evp, Coo, Gen Cnsl, & Sec | 40 | $726,860 | |
Karen Grieb Inal Senior Portfolio Mgr | 40 | $663,738 | |
Abigail Archibald Senior Portfolio Mgr | 40 | $637,663 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Atlantic Service Company Llc | 12/30/19 | $1,722,328 |
Silchester International Investors Inc | 12/30/19 | $2,319,611 |
Jp Morgan Investment Management Inc | 12/30/19 | $1,516,075 |
Wellington Management | 12/30/19 | $931,570 |
Westwood Global Investments Llc | 12/30/19 | $858,707 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,308 |
| Dividends & Interest | $30,786,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $408,874,646 |
| Capital Gain Net Income | $278,381,678 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,167,569 |
| Total Revenue | $446,837,871 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,322,758 |
| Other employee salaries and wages | $18,420,145 |
| Pension plans, employee benefits | $7,299,747 |
| Interest | $1,214,272 |
| Taxes | $4,885,514 |
| Depreciation | $2,464,393 |
| Occupancy | $886,005 |
| Travel, conferences, and meetings | $2,052,857 |
| Printing and publications | $214,396 |
| Other expenses | $6,982,472 |
| Total operating and administrative expenses | $63,102,871 |
| Contributions, gifts, grants paid | $312,953,045 |
| Total expenses and disbursements | $376,055,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,999,836 |
| Savings and temporary cash investments | $443,973,289 |
| Net Accounts receivable | $160,515,119 |
| 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 | $5,642,075,462 |
| Net Land, buildings, and equipment | $25,379,687 |
| Other assets | $10,407,711 |
| Total assets | $6,993,697,924 |
| Accounts payable and accrued expenses | $32,080,519 |
| Grants payable | $98,554,437 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $44,350,000 |
| Total liabilities | $174,984,956 |
Grants Awarded
Over the last fiscal year, Andrew W Mellon Foundation has awarded $388,886,892 in support to 693 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: TO SUPPORT THE AFRICAN AMERICAN CULTURAL HERITAGE ACTION FUND'S GRANTMAKING PROGRAM, AND TO ENHANCE THE FUND'S ORGANIZATIONAL CAPACITY | $5,000,000 |
SMITHSONIAN INSTITUTION PURPOSE: TO ESTABLISH ENDOWMENTS AT THE NATIONAL MUSEUM OF AFRICAN AMERICAN HISTORY AND CULTURE IN SUPPORT OF THE MUSEUM'S DIRECTORSHIP AND CURATORIAL RESEARCH CENTERS | $5,000,000 |
New York, NY PURPOSE: TO SUPPORT ONE ANNUAL CYCLE OF PROGRAM RENEWALS AT INSTITUTIONS HOSTING THE MELLON MAYS UNDERGRADUATE FELLOWSHIP: BARNARD, BOWDOIN, BROOKLYN, BRYN MAWR, CARLETON, CONNECTICUT, DARTMOUTH, GRINNELL, HUNTER, MACALESTER, OBERLIN, QUEENS, SMITH, SWARTHMORE, WELLESLEY, WHITTIER, AND WILLIAMS COLLEGES; BROWN, COLUMBIA, CORNELL, DUKE, EMORY, HARVARD, HAVERFORD, HERITAGE, NORTHWESTERN, PRINCETON, RICE, STANFORD, WESLEYAN, AND YALE UNIVERSITIES; THE UNIVERSITIES OF CALIFORNIA AT BERKELEY, AT LOS ANGELES, AND AT RIVERSIDE; THE UNIVERSITIES OF CAPE TOWN, CHICAGO, NEW MEXICO, SOUTHERN CALIFORNIA, TEXAS AT AUSTIN, THE WESTERN CAPE, AND THE WITWATERSRAND; THE CALIFORNIA INSTITUTE OF TECHNOLOGY; THE CITY COLLEGE OF NEW YORK; THE CLAREMONT COLLEGES, INC.; UNITED NEGRO COLLEGE FUND, INC.; AND WASHINGTON UNIVERSITY IN ST. LOUIS | $4,290,000 |
New York, NY PURPOSE: TO SUPPORT CAREER DIVERSITY PREPARATION FOR POSTDOCTORAL FELLOWSHIPS IN GOVERNMENT AND NON-PROFIT AGENCIES FOR HUMANITIES PHDS | $3,500,000 |
New York, NY PURPOSE: TO SUPPORT DISSERTATION COMPLETION FELLOWSHIPS FOR GRADUATE STUDENTS IN THE HUMANITIES AND SOCIAL SCIENCES | $3,250,000 |
Arlington, VA PURPOSE: TO SUPPORT A NATIONAL GRANTMAKING COMPETITION FOR THE DIGITIZATION OF COLLECTIONS OF SCHOLARLY AND CULTURAL IMPORTANCE | $3,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Andrew W Mellon Foundation New York, NY | $6,993,697,924 | $446,837,871 |
The Annenberg Foundation Conshohocken, PA | $1,471,021,146 | $60,419,092 |
Alfred P Sloan Foundation New York, NY | $1,952,076,486 | $76,728,277 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $751,861,840 | $127,223,003 |
Mastercard Impact Fund Purchase, NY | $172,722,263 | $103,635,482 |
Stephen Siller Tunnel To Towers Foundation Staten Island, NY | $79,339,700 | $113,682,181 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $75,937,687 | $51,436,216 |
Arcus Foundation New York, NY | $235,242,127 | $35,405,013 |
The Childrens Scholarship Fund New York, NY | $25,476,794 | $27,592,882 |
Math For America Inc New York, NY | $18,611,928 | $29,909,013 |
The Posse Foundation Inc New York, NY | $89,885,745 | $23,049,151 |
Morgan Stanley Foundation Inc New York, NY | $52,886,614 | $6,447,963 |