Arconic Charitable Foundation
- Assets
- $0.0
- Revenue
- $10.4m
- Investments
- $333.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 06/2016
- Data as of
- 12/2019
- EIN
- 81-1839587
Organization Overview
Arconic Charitable Foundation is located in Pittsburgh, PA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Arconic Charitable 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 12/2019, Arconic Charitable Foundation generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $17.9m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 2 years. 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 |
|---|---|---|---|
Neil Marchuk President, Director | 10 | $0 | |
Dean E Will Treasurer | 20 | $0 | |
Els Baum Secretary | 10 | $0 | |
Ezra Ozer Term 52020 President And Treasurer, Director | 10 | $0 | |
Kenneth J Giacobbe Director | 0.35 | $0 | |
Timothy D Myers Director | 0.35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arconic Corporation | 12/30/20 | $366,527 |
Fsg Consulting | 12/30/20 | $77,000 |
Pricewaterhousecoopers | 12/30/20 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $890,023 |
| Dividends & Interest | $2,341,683 |
| Profit on Inventory Sales | $0 |
| Other Income | $286,630 |
| Total Revenue | $10,360,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $9,582 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,884,494 |
| Contributions, gifts, grants paid | $16,001,700 |
| Total expenses and disbursements | $17,886,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,161,004 |
| Investments—mortgage loans | $0 |
| Investments—other | $238,959,108 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Arconic Charitable Foundation has awarded $12,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN EDUCATIONAL ASSISTANCE FOUNDATION PURPOSE: SONS & DAUGHTERS SCHOLARSHIP AWARDS | $2,000 |
JOETSU PLANET PURPOSE: REDUCTION OF CARBON DIOXIDE BY CHANGING LIGHTING TO LED | $10,000 |