Ayco Charitable Foundation

Organization Overview

Ayco Charitable Foundation is located in Cohoes, NY. The organization was established in 1995. According to its NTEE Classification (T30) the organization is classified as: Public 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. Ayco Charitable 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, Ayco Charitable Foundation generated $377.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $242.6m during the year ending 12/2021. While expenses have increased by 10.1% 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 2020, Ayco Charitable Foundation has awarded 13,861 individual grants totaling $800,670,164. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.

Describe the Organization's Program Activity:

THE AYCO CHARITABLE FOUNDATION ("ACF") ACCOMPLISHES ITS CHARITABLE PURPOSE BY RECEIVING CHARITABLE CONTRIBUTIONS AND MAKING GRANTS EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, PRIMARILY TO ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE ORGANIZATION OPERATES AS A "SPONSORING ORGANIZATION" WITHIN THE MEANING OF CODE SECTION 4966 AND MAINTAINS DONOR ADVISED FUNDS. FOR THE YEAR ENDED DECEMBER 31, 2021, THE ORGANIZATION MADE APPROXIMATELY 32,400 GRANTS TOTALING APPROXIMATELY $239,444,000 TO CHARITABLE ORGANIZATIONS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Stellar Technology Llc
Software Provider
$351,131
The Ayco Company Lp
Admin/invst Advisory
$3,512,156
View All Vendors

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$288,997,857
Noncash contributions included in lines 1a–1f $243,091,629
Total Revenue from Contributions, Gifts, Grants & Similar$288,997,857
Total Program Service Revenue$0
Investment income $11,459,885
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $76,763,640
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $377,221,382

Grants Awarded

Over the last fiscal year, Ayco Charitable Foundation has awarded $226,874,104 in support to 3,953 organizations.

Grant RecipientAmount

SCHWAB CHARITABLE FUND

Org PageRecipient Profile

San Francisco, CA

PURPOSE: COMMUNITY & HUMAN SERVICES

$11,526,213

GOLDMAN SACHS PHILANTHROPY FUND

Org PageRecipient Profile

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$7,768,427

CORNELL UNIVERSITY

Org PageRecipient Profile

Ithaca, NY

PURPOSE: EDUCATION

$6,527,832

VIRGINIA TECH FOUNDATION INC

Org PageRecipient Profile

Blacksburg, VA

PURPOSE: EDUCATION

$5,422,000

U C SAN DIEGO FOUNDATION

Org PageRecipient Profile

La Jolla, CA

PURPOSE: EDUCATION

$2,619,000

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: COMMUNITY & HUMAN SERVICES

$2,214,341
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Ayco Charitable Foundation has recieved totaling $794,144.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$434,076
Highmark Health

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$125,000
Thrivent Charitable Impact & Investing

Appleton, WI

PURPOSE: CHARITABLE FUND TRANSFER

$109,970
Birchrock Foundation

Albany, NY

PURPOSE: GENERAL CHARITABLE PURPOSE

$75,000
Bny Mellon Charitable Gift Fund

Boston, MA

PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE

$40,098
Community Foundation Of Collier County

Naples, FL

PURPOSE: RELIGION RELATED

$10,000
View Grant Recipient Profile

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