Tiaa Charitable Inc
- Assets
- $0.0
- Revenue
- $26.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 02/2015
- Data as of
- 05/2021
- EIN
- 47-2199684
Organization 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. Tiaa Charitable Inc 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 05/2021, Tiaa Charitable Inc generated $26.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.4% each year . All expenses for the organization totaled $170.6m during the year ending 05/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Tiaa Charitable Inc has awarded 3,996 individual grants totaling $142,514,431. 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
2021
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.
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.
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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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 |
Mary Catherine Benedetto Secretary | Officer | 5 | $0 |
Robert Dimartino Chief Risk Off. (until 11/20) | Officer | 5 | $0 |
Danny Tunsupong Assistant Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tiaa Admin And Op Service | 5/13/21 | $1,024,875 |
Renpsg Philanthropic Philanthropic | 12/30/20 | $265,725 |
Tiaa Admin And Op Service | 12/30/20 | $2,195,712 |
Tiaa Fsb Cust & Inv Svcs | 12/30/20 | $101,677 |
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 | $4,703,989 |
| Noncash contributions included in lines 1a–1f | $3,467,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,703,989 |
| Total Program Service Revenue | $0 |
| Investment income | $65,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,464,385 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,236,154 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,786,214 |
| 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 | $145,241 |
| 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 | $170,565,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Tiaa Charitable Inc has awarded $99,399,177 in support to 2,525 organizations.
| Grant Recipient | Amount |
|---|---|
Southeastern, PA PURPOSE: ANNUAL SUPPORT | $7,797,131 |
Boston, MA PURPOSE: ANNUAL SUPPORT | $3,443,867 |
San Francisco, CA PURPOSE: ANNUAL SUPPORT | $3,292,989 |
Hudson, OH PURPOSE: Annual Suuport | $2,945,727 |
Hudson, OH PURPOSE: Annual Suuport | $2,945,727 |
Boston, MA PURPOSE: ANNUAL SUPPORT | $2,945,438 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tiaa Charitable Inc has recieved totaling $5,029.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $5,029 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charities Aid Foundation America Alexandria, VA | $328,499,115 | $754,327,499 |
Tiaa Charitable Inc Charlotte, NC | $0 | $26,236,154 |
The Golden L E A F Long-Term Economic Advancement Foundation In Rocky Mount, NC | $1,203,014,453 | $127,682,126 |
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |