Bny Mellon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $40.0M in total assets. In 2024, it awarded 6 grants totaling $3.4M. Net investment income was $1.9M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$40.0M
-3.6% YoY
Annual Giving
$3.4M
+633.1% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$569K
+144.4% YoY
Under IRS private-foundation payout rules, Bny Mellon Foundation reported a distributable amount of $2.5M for 2024 — the minimum it must pay out in qualifying distributions.
About Bny Mellon Foundation
Based on IRS filings
Bny Mellon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $40.0M in total assets. In 2024, it awarded 6 grants totaling $3.4M. Net investment income was $1.9M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $39,994,304 | $41,502,465 | $34,445,525 |
| Revenue | $2,268,034 | $7,703,895 | $2,984,779 |
| Expenses | $3,774,822 | $780,748 | $3,882,649 |
| Qualifying Distributions | $3,416,056 | $467,500 | $3,501,500 |
| Net Investment Income | $1,904,443 | $2,423,971 | $2,610,638 |
| Distributable Amount | $2,535,595 | $2,094,763 | $2,196,006 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Wtc Performing Arts Center ($900,000), Milken Institute ($800,000), Matching Grants for Employee Donations ($700,056).
| Recipient | Purpose | Amount |
|---|---|---|
| RESEARCH FOUNDATION OF CUNY NEW YORK, NY | GENERAL OPERATING | $550,000 |
| WTC PERFORMING ARTS CENTER NEW YORK, NY | GENERAL OPERATING | $900,000 |
| MATCHING GRANTS FOR EMPLOYEE DONATIONS PITTSBURGH, PA | GENERAL OPERATING | $700,056 |
| KIVA SAN FRANCISCO, CA | GENERAL OPERATING | $300,000 |
| AMERICA 250 FOUNDATION WASHINGTON, DC | GENERAL OPERATING | $166,000 |
| MILKEN INSTITUTE SANTA MONICA, CA | GENERAL OPERATING | $800,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CYNTHIA DANES | PRESIDENT | 5 | — |
| J KEVIN MCCARTHY | DIRECTOR | 1 | — |
| JAYEE KPFFEY | DIRECTOR | 1 | — |
| ERICA WILLIAMS | VICE PRESIDENT, ASSISTANT TREASURER, ACTING SECRET | 1 | — |
| SHANNON HOBBS | CHAIRMAN | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bny Mellon Foundation?
Bny Mellon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PITTSBURGH, PA. It holds $40.0M in total assets as of 2024.
How large is Bny Mellon Foundation?
As of 2024, Bny Mellon Foundation holds $40.0M in total assets with $2.3M in annual revenue. It awarded 6 grants totaling $3.4M in 2024.
Where does Bny Mellon Foundation operate?
Bny Mellon Foundation has awarded grants in California, Connecticut, District of Columbia, Maryland, Michigan, New York, Pennsylvania, Virginia.
What size grants does Bny Mellon Foundation award?
In 2024, Bny Mellon Foundation awarded 6 grants totaling $3.4M — an average of about $569K per grant, based on its IRS Form 990 filings.
How much is Bny Mellon Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bny Mellon Foundation reported a distributable amount of $2.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bny Mellon Foundation's EIN?
Bny Mellon Foundation's EIN (Employer Identification Number) is 31-1605320. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bny Mellon Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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