American Endowment Foundation
- Assets
- $3.5b
- Revenue
- $959.5m
- Investments
- $195.9m
- Employees
- 69
- Location
- Hudson, OH
- Founding
- 01/1994
- Data as of
- 12/2019
- EIN
- 34-1747398
American Endowment Foundation 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 12/2019, American Endowment Foundation employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, American Endowment Foundation generated $959.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $424.6m during the year ending 12/2019. While expenses have increased by 6.8% 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, American Endowment Foundation has awarded 31,412 individual grants totaling $1,284,910,588. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE CAPACITY OF AMERICAN PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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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American Endowment Foundation Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Tobin President (until 6/30/19) | OfficerTrustee | 40 | $382,304 |
John E Farren President (as Of 9/19) | OfficerTrustee | 40 | $326,200 |
Gail Tobin Treasurer/vp (until 6/30/19) | Officer | 40 | $229,765 |
Stephen W Jones Director And Executive VP | OfficerTrustee | 40 | $222,000 |
Paula Hogan Secretary/vp And Chro | Officer | 40 | $200,800 |
Michele Hoza Legal Counsel | 40 | $186,081 |
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 | $887,002,675 |
| Noncash contributions included in lines 1a–1f | $550,975,971 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $887,002,675 |
| Total Program Service Revenue | $0 |
| Investment income | $72,198,064 |
| 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 | $959,495,885 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $404,323,055 |
| 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. | $1,766,134 |
| Compensation of current officers, directors, key employees. | $574,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,448,960 |
| Pension plan accruals and contributions | $95,522 |
| Other employee benefits | $750,933 |
| Payroll taxes | $321,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $79,026 |
| Fees for services: Accounting | $43,736 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,266,405 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $203,330 |
| Information technology | $746,833 |
| Royalties | $0 |
| Occupancy | $334,182 |
| Travel | $55,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,356 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,897 |
| Insurance | $31,443 |
| All other expenses | $70,644 |
| Total functional expenses | $424,614,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,205,749 |
| 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 | $15,128,626 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $353,203 |
| Investments—publicly traded securities | $3,204,984,073 |
| Investments—other securities | $195,908,213 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,156,260 |
| Total assets | $3,480,736,124 |
| Accounts payable and accrued expenses | $719,283 |
| Grants payable | $5,590,849 |
| 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 | $83,213 |
| Other liabilities | $779,691 |
| Total liabilities | $7,173,036 |
| Net assets without donor restrictions | $3,473,563,088 |
| 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 | $3,480,736,124 |
American Endowment Foundation Grants Awarded
Over the last fiscal year, American Endowment Foundation has awarded $386,556,074 in support to 8,205 organizations.
| Grant Recipient | Amount |
|---|---|
Jacksonville, FL PURPOSE: PROGRAMS | $23,000,000 |
Jenkintown, PA PURPOSE: PROGRAMS | $20,298,504 |
CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS PURPOSE: PROGRAMS | $7,403,923 |
Boston, MA PURPOSE: PROGRAMS | $5,959,563 |
Novato, CA PURPOSE: PROGRAMS | $4,002,500 |
Southeastern, PA PURPOSE: PROGRAMS | $3,837,109 |
American Endowment Foundation Grants Recieved
Over the last fiscal year, we have identified 8 grants that American Endowment Foundation has recieved totaling $10,222,743.
| Awarding Organization | Amount |
|---|---|
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $2,945,727 |
Mike Leprino Family Foundation Denver, CO PURPOSE: COMMUNITY | $1,773,699 |
Mike Leprino Family Foundation Denver, CO PURPOSE: COMMUNITY | $1,773,699 |
Candace And Mark Williams Charitable Foundation Austin, TX PURPOSE: GENERAL CHARITABLE PURPOSES | $1,763,309 |
Candace And Mark Williams Charitable Foundation Austin, TX PURPOSE: GENERAL CHARITABLE PURPOSES | $1,763,309 |
Declaration Of Tr Establishing The Cuore E Mani Foundation Wilmington, DE PURPOSE: THE WATERTON PHILANTHROPIC FUND | $200,000 |
American Endowment Foundation Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Endowment Foundation Hudson, OH | $3,480,736,124 | $959,495,885 |
Cleveland Foundation Cleveland, OH | $2,266,165,971 | $120,009,767 |
Columbus Foundation Columbus, OH | $1,997,426,344 | $304,494,598 |
Greater Cincinnati Foundation Cincinnati, OH | $736,269,474 | $137,413,135 |
Pittsburgh Foundation Pittsburgh, PA | $1,226,779,411 | $88,473,154 |
Dayton Foundation Dayton, OH | $476,689,140 | $65,647,739 |
The Community Foundation Of Louisville Inc Louisville, KY | $509,922,111 | $119,319,181 |
Community Foundation Of Elkhart County Inc Elkhart, IN | $314,805,317 | $47,812,553 |
Central Indiana Community Foundation Inc Indianapolis, IN | $447,971,651 | $78,063,459 |
Philadelphia Foundation Philadelphia, PA | $414,429,037 | $79,448,283 |
Dayton Foundation Depository Dayton, OH | $35,280,214 | $30,358,874 |
Erie Community Foundation Erie, PA | $259,123,488 | $27,775,400 |
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