Bny Mellon Foundation

Foundation · Grantmaker Pittsburgh, PA EIN: 31-1605320

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.

Key facts about Bny Mellon Foundation

EIN: 31-1605320
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $3,416,056
Grants made (2024): 6
Average grant: $569,343
Median grant: $625,028
Total assets: $39,994,304
Primary geography: New York (42% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Bny Mellon Foundation funds

By grant dollars, the top recipient states for Bny Mellon Foundation's 6 itemized 2024 grants were New York (42%), California (32%) and Pennsylvania (20%). The most frequent recipient cities were New York, NY (2 grants). 100% of grants with a stated purpose were for general or operating support.

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.

Next steps with Bny Mellon Foundation

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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

+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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $1.4M (42%)

California $1.1M (32%)

Pennsylvania $700K (20%)

District of Columbia $166K (5%)

Share of all 6 itemized 2024 grant dollars.

States

California Connecticut District of Columbia Maryland Michigan New York Pennsylvania Virginia

Cities

New YorkAlexandriaBaltimoreDetroitFairfieldLos AngelesPittsburghSan FranciscoSanta MonicaWashingtonWashington Dc

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients include WTC Performing Arts Center ($900,000), Milken Institute ($800,000), Matching Grants for Employee Donations ($700,056).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS 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

Philanthropy, Voluntarism & Grantmaking

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.