BNY Mellon Foundation
BNY Mellon Foundation is a private foundation, 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.
BNY Mellon Foundation at a glance
In short: BNY Mellon Foundation gave $3.4M across 6 grants in 2024 (avg $569K), top state New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,416,056
- +633.1% vs 2023
- Grants made (2024)
- 6
- +200.0% vs 2023
- Average grant
- $569,343
- +144.4% vs 2023
- Median grant
- $625,028
- Total assets
- $39,994,304
- -3.6% vs 2023
- Primary geography
- New York (42% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who BNY Mellon Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was WTC Performing Arts Center ($900K). Together the top 6 received $3.4M.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was in the $100–250K range: 5 grants of 16 (31%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How BNY Mellon Foundation gives
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 135% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $466K (2023) to $3.5M (2022). In 2024 it made 6 grants totaling $3.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| WTC Performing Arts Center New York, NY | General Operating | $900,000 |
| Milken Institute Santa Monica, CA | General Operating | $800,000 |
| Matching Grants for Employee Donations Pittsburgh, PA | General Operating | $700,056 |
| Research Foundation of CUNY New York, NY | General Operating | $550,000 |
| Kiva San Francisco, CA | General Operating | $300,000 |
| America 250 Foundation Washington, DC | General Operating | $166,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $39,994,304 | $2,268,034 | $3,774,822 | $3,416,056 | 6 | $3,416,056 | $1,904,443 | $2,535,595 |
| 2023 | $41,502,465 | $7,703,895 | $780,748 | $466,000 | 2 | $467,500 | $2,423,971 | $2,094,763 |
| 2022 | $34,445,525 | $2,984,779 | $3,882,649 | $3,500,000 | 6 | $3,501,500 | $2,610,638 | $2,196,006 |
| 2021 | $35,366,327 | $5,017,549 | $3,281,018 | $3,000,000 | 1 | $3,000,750 | $4,666,163 | $2,369,266 |
| 2020 | $34,279,590 | $1,739,316 | $3,349,199 | $3,000,000 | 1 | — | $1,565,113 | $1,978,889 |
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.
Leadership & Key People
Officers and directors from IRS filings
BNY Mellon Foundation is led by Cynthia Danes, President on every filing since 2023; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Cynthia Danes
President
On filings since 2023
5 hrs/week
No compensation reported
Shannon Hobbs
Chairman
New on the 2024 filing
1 hr/week
No compensation reported
J. Kevin McCarthy
Director
Board Member → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Jayee Kpffey
Director
On filings since 2023
1 hr/week
No compensation reported
Erica Williams
Vice President, Assistant Treasurer & Acting Secretary
Vice President → Vice President, Assistant Treasurer & Acting Secretary, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (9)
- Former: BNY Mellon N A (2023) — Trustee
- Former: Daisey Holmes (2020–2022) — President
- Former: Jolen Anderson (2020–2022) — Chairman
- Former: Joseph M. Samulski (2020–2022) — Treasurer
- Former: Jane Kolb (2022) — Secretary
- Former: Laurie Moritz (2022) — Treasurer
- Former: Francis J. La Salla (2020–2021) — Board Member
- Former: Kathleen F. Debold (2020) — Vice President
- Former: Ryan Ricarte (2020) — Acting Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about BNY Mellon Foundation
How much does BNY Mellon Foundation give each year?
BNY Mellon Foundation gave $3.4M across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $466K across 2 grants.
What is BNY Mellon Foundation's typical grant size?
BNY Mellon Foundation's median grant in 2024 was $625,028, and its average grant was $569,343, across 6 grants on its 2024 IRS Form 990-PF.
Where does BNY Mellon Foundation give grants?
BNY Mellon Foundation's top state is New York, with 42% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were California (32%) and Pennsylvania (20%). The most frequent recipient cities were New York, NY (2 grants).
Does BNY Mellon Foundation give general operating support?
Yes: 100% of BNY Mellon Foundation's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are BNY Mellon Foundation's largest grantees?
BNY Mellon Foundation's largest 2024 grantees include WTC Performing Arts Center ($900,000), Milken Institute ($800,000) and Matching Grants for Employee Donations ($700,056), according to its 2024 IRS Form 990-PF. Together they received 70% of its itemized 2024 grant dollars.
How large is BNY Mellon Foundation?
BNY Mellon Foundation reported $40.0M in total assets on its 2024 IRS Form 990-PF. It paid out $3.4M in qualifying distributions that year, against a required minimum of $2.5M (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work BNY Mellon Foundation funds
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