Ayco Charitable Foundation

Ayco Charitable Foundation 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.

For the year ending 06/2020, Ayco Charitable Foundation generated $265.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $252.8m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Ayco Charitable Foundation has awarded 3,784 individual grants totaling $235,688,572. 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 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

OUR PRIMARY PURPOSE IS TO ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE AYCO CHARITABLE FOUNDATION ("ACF") ACCOMPLISHES ITS CHARITABLE PURPOSE BY RECEIVING CHARITABLE CONTRIBUTIONS AND MAKING GRANTS. ACF LIMITS ITS GRANT MAKING TO INTERNAL REVENUE CODE (THE "CODE") SECTION 501(C)(3) ORGANIZATIONS CLASSIFIED AS A PUBLIC CHARITY, PRIVATE OPERATING FOUNDATIONS UNDER CODE SECTION 170(B)(1)(A)(7), AND GOVERNMENTAL UNITS DESCRIBED UNDER CODE SECTION 170(C)(1) WHICH HAVE CERTIFIED THAT THE FUNDS GRANTED WILL BE USED EXCLUSIVELY FOR A PUBLIC PURPOSE. ACF OPERATES AS A "SPONSORING ORGANIZATION" WITHIN THE MEANING OF CODE SECTION 4966 AND MAINTAINS DONOR ADVISED FUNDS. SEE SCHEDULE I FOR A LISTING OF DONATIONS AND CHARITIES.


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Ayco Charitable Foundation Board, Officers & Key Employees

Name (title)Compensation
John Mastriani
Director/president
$16,000
Peter Heerwagen
Director/treasurer
$16,000
David Golub
Director
$16,000
Jan Smith
Director
$16,000
Lee Mcelroy
Director
$16,000
Robert Fritz
Director/chairman
$0

Ayco Charitable Foundation Vendors

Vendor Name (Service)Compensation
The Ayco Company Lp
Admin/invst Advisory
$5,293,639
Stellar Technology Llc
Software Provider
$223,697
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$227,104,700
Noncash contributions included in lines 1a–1f $203,439,617
Total Revenue from Contributions, Gifts, Grants & Similar$227,104,700
Total Program Service Revenue$0
Investment income $15,686,642
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $22,383,467
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $265,174,809

Ayco Charitable Foundation Grants Awarded

Over the last fiscal year, Ayco Charitable Foundation has awarded $235,688,572 in support to 3,784 organizations.

Grant RecipientAmount

GOLDMAN SACHS PHILANTHROPY FUND

Org PageRecipient Profile

New York, NY

PURPOSE: COMMUNITY & HUMAN SERVICES

$27,855,555

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

Org PageRecipient Profile

Boston, MA

PURPOSE: COMMUNITY & HUMAN SERVICES

$19,096,353

WEST END COMMUNITY CHURCH

Org PageRecipient Profile

Nashville, TN

PURPOSE: RELIGIOUS INSTITUTIONS

$3,063,500

IOWA STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Ames, IA

PURPOSE: SPECIAL EDUCATION FUNDING

$3,046,816

NATIONAL PHILANTHROPIC TR

Org PageRecipient Profile

Jenkintown, PA

PURPOSE: COMMUNITY & HUMAN SERVICES

$2,891,781

AMERICAN ACADEMY OF ARTS AND SCIENCES

Org PageRecipient Profile

Cambridge, MA

PURPOSE: SPECIAL EDUCATION FUNDING

$2,161,000
View Grant Profile

Ayco Charitable Foundation Grants Recieved

Over the last fiscal year, we have identified 6 grants that Ayco Charitable Foundation has recieved totaling $4,128,199.

Awarding OrganizationAmount
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$2,207,695
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$926,564
Schwab Charitable Fund

San Francisco, CA

PURPOSE: PUBLIC, SOCIETAL BENEFIT

$926,564
Highmark Health

Pittsburgh, PA

PURPOSE: GENERAL SUPPORT

$47,500
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS

$19,835
Goldman Sachs Charitable Gift Fund

New York, NY

PURPOSE: GENERAL SUPPORT

$41
View Grant Recipient Profile

Ayco Charitable Foundation Peer Organizations

Organization NameAssets
Pew Charitable Trusts
Philadelphia, PA
$346,765,756
Ayco Charitable Foundation
Cohoes, NY
$265,174,809
Goldman Sachs Charitable Gift Fund
New York, NY
$263,656,612
Mother Cabrini Health Foundation
New York, NY
$547,285,904
Kars 4 Kids Inc
Lakewood, NJ
$95,691,338
Bny Mellon Charitable Gift Fund
Boston, MA
$114,515,572
Donors Fund Inc
Lakewood, NJ
$27,000,911
Roswell Park Alliance Foundation
Buffalo, NY
$26,518,336
Boston Charitable Trust Fund
Boston, MA
$31,296,432
Greater Hartford Community Foundation Inc
Hartford, CT
$19,831,812
Harlem Rbi Incorporated
New York, NY
$22,268,250
Freedom Fund
Brooklyn, NY
$16,398,424

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