The Bank Of New York Mellon Corporation Foundation
- Assets
- $34.4m
- Revenue
- $3.0m
- Investments
- $34.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 31-1605320
Organization Overview
The Bank Of New York Mellon Corporation Foundation is located in Pittsburgh, PA. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Bank Of New York Mellon Corporation 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 12/2022, Bank Of New York Mellon Corporation Foundation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daisey Holmes President | 5 | $0 | |
Joseph M Samulski Treasurer (1/1/2022-10/31/2022) | 1 | $0 | |
Jolen Anderson Chairman | 1 | $0 | |
Erica Williams Vice President | 1 | $0 | |
Laurie Moritz Treasurer (starting 11/1/2022) | 1 | $0 | |
Jane Kolb Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $814,442 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,358,175 |
| Capital Gain Net Income | $1,358,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $812,162 |
| Total Revenue | $2,984,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85,291 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $297,358 |
| Total operating and administrative expenses | $382,649 |
| Contributions, gifts, grants paid | $3,500,000 |
| Total expenses and disbursements | $3,882,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,221 |
| 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 | $34,326,304 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $34,445,525 |
| 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, The Bank Of New York Mellon Corporation Foundation has awarded $3,500,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED NATIONS FOUNDATION INC PURPOSE: GENERAL OPERATING | $150,000 |
INTERNATIONAL MEDICAL CORPS PURPOSE: GENERAL OPERATING | $150,000 |
CATHOLIC RELIEF SERVICES PURPOSE: GENERAL OPERATING | $150,000 |
SAVE THE CHILDREN HUMANITARIAN AID PURPOSE: GENERAL OPERATING | $50,000 |
UPWARDLY GLOBAL PURPOSE: GENERAL OPERATING | $1,000,000 |
RESEARCH FOUNDATION OF THE CITY OF PURPOSE: GENERAL OPERATING | $2,000,000 |