Howmet Aerospace Foundation
- Assets
- $196.9m
- Revenue
- $27.6m
- Investments
- $187.7m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3022317
Organization Overview
Howmet Aerospace Foundation is located in Pittsburgh, PA. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Howmet Aerospace 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, Howmet Aerospace Foundation generated $27.6m in total revenue.
Since 2020, Howmet Aerospace Foundation has awarded 563 individual grants totaling $23,296,541. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President And Secretary | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed Treasurer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
First Third Bank | 12/30/22 | $76,776 |
Howmet Aerospace Inc | 12/30/22 | $108,155 |
Pwc | 12/30/22 | $75,000 |
Ernst & Young | 12/30/22 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,554,162 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,026,592 |
| Capital Gain Net Income | $25,283,072 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,580,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $95,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $155,619 |
| Total operating and administrative expenses | $796,560 |
| Contributions, gifts, grants paid | $7,066,528 |
| Total expenses and disbursements | $7,863,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,431,483 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,761,675 |
| 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 | $91,863,025 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $196,914,799 |
| Accounts payable and accrued expenses | $92,041 |
| Grants payable | $951,900 |
| 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 | $1,043,941 |
Grants Awarded
Over the last fiscal year, Howmet Aerospace Foundation has awarded $8,302,128 in support to 202 organizations.
| Grant Recipient | Amount |
|---|---|
1ST MATCHBOROUGH SCOUT GROUP PURPOSE: COMMUNITY MINIBUS | $20,000 |
AFPI PAYS DE LA LOIRE PURPOSE: PROMOTION OF INDUSTRIAL AND TECHNICAL JOBS | $37,500 |
AKTION LICHTBLICKE EV PURPOSE: ASSISTANCE FOR FAMILIES | $50,000 |
ALBA REGIA MSZAKI FELSOKTATSRT ALAPTVNY PURPOSE: MODELING OF ROBOTIC PROCESSES FOR HIGHER EDUCATION | $20,000 |
AIDE ET ACTION PURPOSE: ACCESS TO SCHOOLING FOR VULNERABLE AND MARGINALIZED POPULATIONS IN SEINE-SAINT-DENIS | $25,000 |
AMERICAN CORPORATE PARTNERS PURPOSE: VETERAN MENTORING PROGRAM | $50,000 |