Arconic Foundation
- Assets
- $196.0m
- Revenue
- $33.4m
- Investments
- $191.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3049720
Organization Overview
Arconic Foundation is located in Pittsburgh, PA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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 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 12/2021, Arconic Foundation generated $33.4m in total revenue.
Since 2020, Arconic Foundation has awarded 315 individual grants totaling $19,072,747. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxim Smirnov Director | 0.25 | $0 | |
Timothy Myers Director | 0.25 | $0 | |
Diana Perreiah Director | 0.25 | $0 | |
Samantha Caruthers Secretary | 1 | $0 | |
Scott Gregory Vice President | 0.25 | $0 | |
Erick Asmussen Director/ex-Officio | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bank Of New York Mellon | 12/30/21 | $56,746 |
Millennium Energy Advisors Llc | 12/30/21 | $102,420 |
Arconic Corporation | 12/30/21 | $385,862 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $30,391 |
| Dividends & Interest | $2,290,650 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,077,543 |
| Capital Gain Net Income | $28,849,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $34,713 |
| Total Revenue | $33,433,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $3,282 |
| Taxes | $986,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $503,517 |
| Total operating and administrative expenses | $2,406,355 |
| Contributions, gifts, grants paid | $8,249,209 |
| Total expenses and disbursements | $10,655,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,299,391 |
| Savings and temporary cash investments | $1,078,323 |
| Net Accounts receivable | $147,084 |
| 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 | $188,770,752 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $196,036,166 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Arconic Foundation has awarded $9,064,209 in support to 160 organizations.
| Grant Recipient | Amount |
|---|---|
DISCOVERY EDUCATION INC PURPOSE: THE STEM CAREERS COALITION | $300,000 |
Indianapolis, IN PURPOSE: SCHOOL GRANTS | $300,000 |
SOCIETY FOR SCIENCE PURPOSE: ADVOCATE PROGRAM | $250,000 |
Portland, OR PURPOSE: CHANGE THE COURSE WATER PROJECT FUNDING PROGRAM | $250,000 |
Washington, DC PURPOSE: WORKFORCE INITIATIVES AND RESOURCES FOR D&I, WOMEN, VETERANS, AND FAME | $250,000 |
Washington, DC PURPOSE: MRF EQUIPMENT GRANTS, THE RECYCLING INCLUSION FUND, AND CART GRANTS AND RESIDENT EDUCATION | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |
Prudential Foundation Inc Newark, NJ | $137,651,624 | $53,115,847 |
The Grace And Mercy Foundation Inc New York, NY | $617,102,449 | $100,220,039 |
Peter G Peterson Foundation New York, NY | $1,055,700,983 | $50,280,779 |
Leon Levy Foundation New York, NY | $614,122,389 | $121,596,253 |
Shubert Foundation Inc New York, NY | $671,108,588 | $57,657,953 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
J Willard And Alice S Marriott Foundation Bethesda, MD | $441,340,618 | $31,840,539 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
Aurora Foundation Wilmington, DE | $762,186,529 | $34,829,057 |
Hauser Foundation Inc New York, NY | $0 | $9,971,722 |
Pinkerton Foundation New York, NY | $0 | $34,479,499 |