Tiaa Charitable Inc
- Assets
- $164.9m
- Revenue
- $59.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/2015
- Data as of
- 12/2020
- EIN
- 47-2199684
Tiaa Charitable Inc Overview
Tiaa Charitable Inc is located in Charlotte, NC. The organization was established in 2015. 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.
For the year ending 12/2020, Tiaa Charitable Inc generated $59.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 57.3% each year . All expenses for the organization totaled $51.3m during the year ending 12/2020. While expenses have increased by 42.4% per year over the past 6 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 2018, Tiaa Charitable Inc has awarded 2,562 individual grants totaling $78,159,688. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIAA CHARITABLE SEEKS TO FACILITATE, SUPPORT AND INCREASE CHARITABLE ACTIVITIES BY ACTING AS A SPONSORING ORGANIZATION OF DONOR ADVISED FUNDS AND BY MAKING GRANTS TO QUALIFIED CHARITIES.
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Tiaa Charitable Inc Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Carnal President/ceo/chairman | OfficerTrustee | 40 | $0 |
Janet Ramos Assistant Secretary | Officer | 1 | $0 |
Gary Herzlich General Counsel/asst Secretary | Officer | 21 | $0 |
Joseph Gerharz Chief Financial Officer | Officer | 5 | $0 |
Heline Beach Vice President | Officer | 40 | $0 |
Adam Elmore Controller | Officer | 5 | $0 |
Tiaa Charitable Inc Vendors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Renpsg Philanthropic Philanthropic | 12/30/20 | $265,725 |
Tiaa Fsb Cust & Inv Svcs | 12/30/20 | $101,677 |
Tiaa Admin And Op Service | 12/30/20 | $2,195,712 |
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 | $51,258,316 |
| Noncash contributions included in lines 1a–1f | $24,467,014 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,258,316 |
| Total Program Service Revenue | $0 |
| Investment income | $5,648,325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,155,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,062,294 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,549,920 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $731,904 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $51,281,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,231,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,575,858 |
| Accounts receivable, net | $364,909 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $158,886,327 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $849,560 |
| Total assets | $164,908,254 |
| Accounts payable and accrued expenses | $1,774,944 |
| Grants payable | $224,487 |
| 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 | $0 |
| Other liabilities | $643,733 |
| Total liabilities | $2,643,164 |
| Net assets without donor restrictions | $162,265,090 |
| 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 | $164,908,254 |
Tiaa Charitable Inc Grants Awarded
Over the last fiscal year, Tiaa Charitable Inc has awarded $35,044,434 in support to 1,091 organizations.
| Grant Recipient | Amount |
|---|---|
Hudson, OH PURPOSE: Annual Suuport | $2,945,727 |
Boston, MA PURPOSE: Annual Suuport | $2,387,016 |
Providence, RI PURPOSE: Annual Suuport | $1,399,050 |
Dallas, TX PURPOSE: Annual Suuport | $1,200,000 |
PENN STATE UNIVERSITY PURPOSE: Annual Suuport | $930,602 |
Indianapolis, IN PURPOSE: Annual Suuport | $840,396 |
Tiaa Charitable Inc Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tiaa Charitable Inc has recieved totaling $365,082.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PROGRAMS | $234,176 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $56,517 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: ANNUAL SUPPORT | $48,891 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,749 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $12,749 |
Tiaa Charitable Inc Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Golden L E A F Long-Term Economic Advancement Foundation In Rocky Mount, NC | $1,207,394,628 | $85,126,149 |
City Fund Falls Church, VA | $39,965,929 | $78,982,333 |
Tiaa Charitable Inc Charlotte, NC | $164,908,254 | $59,062,294 |
Ninth District Opportunity Inc Gainesville, GA | $14,990,346 | $44,330,792 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
College Foundation Of The University Of Virginia Charlottesville, VA | $173,817,709 | $26,400,108 |
New Morning Foundation Columbia, SC | $10,926,377 | $16,356,876 |
Taubman Foundation For The Arts Roanoke, VA | $40,514,928 | $10,910,819 |
Aston Park Health Care Center Inc Asheville, NC | $20,730,495 | $14,643,303 |
James Family Charitable Foundation Charlottesville, VA | $167,670,985 | $9,863,945 |
Swim Across America Inc Charlotte, NC | $3,896,736 | $9,954,938 |
Schoolseed Foundation Memphis, TN | $5,107,519 | $7,793,603 |