Citi Foundation
Looking for Citi grants for nonprofits? Citi Foundation is Citi's company-sponsored foundation, and this page covers the grants it reports to the IRS on Form 990-PF.
Citi Foundation is a private foundation based in New York, New York. It supports efforts to promote economic progress and improve lives in low-income communities worldwide, with work focused on financial inclusion, youth employment, and economically vibrant communities.
Citi Foundation at a glance
In short: Citi Foundation gave $66.9M across 145 grants in 2024 (avg $461K), top state Virginia. 41% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $66,880,000
- -22.4% vs 2023
- Grants made (2024)
- 145
- -13.2% vs 2023
- Average grant
- $461,241
- -10.7% vs 2023
- Median grant
- $400,000
- Total assets
- $101,466,350
- +15.0% vs 2023
- New grantees (estimate)
- 41% first-time grantees (38 of 93, 2024)
- Primary geography
- Virginia (33% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Citi Foundation
- Accepts unsolicited proposals
- No
- Contact
Mailing address: 388 Greenwich Street 18Th Fl, New York, NY 10013
Phone: (718) 248-7113
Website: https://citigroup.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Citi Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Charities Aid Foundation America ($21.8M across 49 grants). Together the top 10 received $35.9M.
Grant Size Distribution
1,054 grants across all recorded years
The most common grant size was in the $100–250K range: 335 grants of 1,054 (32%).
Geographic Focus
Where this funder awards grants
The Foundation describes its work as serving low-income communities around the world. In 2024, the largest shares of grant dollars by recipient state went to Virginia (33%), New York (23%), California (15%), the District of Columbia (14%), and Florida (7%). Examples of international grant purposes in the 2024 filing include the Asia Pacific Youth Co:Lab Initiative and projects for Hong Kong’s migrant mothers and in La Peña.
Grant Distribution by State
Share of 2024 grant dollars across all 145 itemized grants.
States
Cities
Is Citi Foundation open to new grantees?
41%
first-time grantees, 2024
In 2024, 38 of 93 grantees (41%) were first-time recipients. First grants averaged $436K; repeat grants $915K. How we count
Medians: $400K first-time, $400K repeat.
- 32% of 2024 grantees were also funded in 2023. Method
- Giving fell 34% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $66.9M (2024) to $100.9M (2021). In 2024 it made 145 grants totaling $66.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Bankers Community Alliance Inc Washington, DC | MDI Connecttech Initiative | $3,750,000 |
| United Nations Development Programme New York, NY | Asia Pacific Youth CO:LAB Initiative | $2,000,000 |
| African American Alliance of CDFI Ceos Inc Orlando, FL | The Alliance Building Capacity Initiative | $2,000,000 |
| International Rescue Committee Inc New York, NY | Resilient Futures 5 Project | $1,800,000 |
| Philanthropy New York Inc New York, NY | Community Progress Makers Learning Community Initiative | $1,000,000 |
| Urban Institute Washington, DC | Community Progress Makers Learning Community Initiative | $1,000,000 |
| Npower Inc Brooklyn, NY | Advancing tech pathways & women of color coalition program | $700,000 |
| Cities for Financial Empowerment Fund Inc New York, NY | Summer Jobs Connect Initiative | $650,000 |
| Network for Teaching Entrepreneurship New York, NY | Own Your Future Initiative | $600,000 |
| American National Red Cross Washington, DC | Annual Disaster Giving Program | $500,000 |
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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 | $101,466,350 | $80,163,260 | $92,820,100 | $66,880,000 | 145 | $66,881,500 | $1,451,720 | $4,317,819 |
| 2023 | $88,205,234 | $84,233,338 | $57,108,187 | $86,220,000 | 167 | $86,221,500 | $1,372,614 | $4,525,094 |
| 2022 | $90,212,010 | $82,465,976 | $107,950,333 | $94,285,000 | 234 | $94,288,000 | $463,407 | $4,762,848 |
| 2021 | $102,040,475 | $125,193,055 | $112,852,098 | $100,900,000 | 278 | $100,901,500 | $43,012 | $4,037,787 |
| 2020 | $77,748,768 | $125,400,371 | $101,951,500 | $100,150,000 | 230 | — | $294,949 | $2,808,104 |
Under IRS private-foundation payout rules, Citi Foundation reported a distributable amount of $4.3M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s mission is to promote economic progress and improve the lives of people in low-income communities around the world. Its stated areas of work are Community Solutions, Financial Inclusion, and Youth Economic Opportunities. Examples include efforts to expand access to financial products and capital, develop employment opportunities for young people, and address challenges facing low-income communities.
Its 2024 grantees illustrate the range of supported work. National Bankers Community Alliance describes its work as providing educational programs and services to customers and communities of minority depository institutions. NPower says it prepares young adults and military-connected individuals for technology careers through training, mentoring, and job-placement support. The Cities for Financial Empowerment Fund describes its mission as embedding financial empowerment strategies in local government to improve household financial stability. Other recipients included the International Rescue Committee, which responds to humanitarian crises, and the Network for Teaching Entrepreneurship, which provides entrepreneurship education to students and adult learners from under-resourced communities.
Grantmaking
In filing year 2024, the Foundation reported 145 grants totaling $66,880,000. Grant amounts ranged from $50,000 to $3,750,000, with a median of $400,000.
Among the largest reported grants were $3,750,000 to National Bankers Community Alliance for the MDI ConnectTech Initiative; $2,000,000 to the United Nations Development Programme for the Asia Pacific Youth Co:Lab Initiative; $2,000,000 to the African American Alliance of CDFI CEOs for its Alliance Building Capacity Initiative; and $1,800,000 to the International Rescue Committee for the Resilient Futures 5 Project. Other grants included $1,000,000 each to Philanthropy New York and the Urban Institute for the Community Progress Makers Learning Community Initiative, and $700,000 to NPower for its Advancing Tech Pathways & Women of Color Coalition Program.
The Foundation describes open, program-specific RFPs as its primary funding approach. Its website says each RFP provides information on goals, selection criteria, and deadlines. The funding approach states that eligible applicants must have IRS 501(c)(3) status or an international equivalent, or be a registered school, university, or government entity; it also lists private foundations among the types of organizations it does not fund. Separately, the Foundation’s 2024 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Edward Skyler as chair and Brandee McHale as president. Other listed directors were Mark Mason, Viswas Raghavan (as of July 11, 2024), David Livingstone, Sara Wechter, Ernesto Torres Cantu, Titi Cole (until June 30, 2024), and Peter Babej (until June 30, 2024). Florencia Spangaro was listed as vice president and COO.
Citi Foundation is led by Brandee McHale, President on every filing since 2020; none of the 13 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brandee McHale
President
On filings since 2020
10 hrs/week
No compensation reported
Edward Skyler
Chair
Chairman → Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
David Livingstone
Director
On filings since 2020
1 hr/week
No compensation reported
Ernesto Torres Cantu
Director
On filings since 2020
1 hr/week
No compensation reported
Peter Babej
Director
On filings since 2020
1 hr/week
No compensation reported
Sara Wechter
Director
On filings since 2020
1 hr/week
No compensation reported
Mark Mason
Director
On filings since 2021
1 hr/week
No compensation reported
Titi Cole
Director
On filings since 2023
1 hr/week
No compensation reported
Viswas Raghavan
Director
New on the 2024 filing
1 hr/week
No compensation reported
Andrew Fox
Vice President & Secretary
On filings since 2020
20 hrs/week
No compensation reported
Florencia Spangaro
Vice President & COO
Vice President → Vice President & COO, 2021
On filings since 2020
30 hrs/week
No compensation reported
Karen Valencia Wright
Vice President & Treasurer
On filings since 2020
10 hrs/week
No compensation reported
Elizabeth Eaton
Assistant Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (15)
- Former: Shelley J. Dropkin (2020–2023) — Assistant Secretary
- Former: Anand Selva (2021–2023) — Director
- Former: Alberto Verme (2020–2022) — Director
- Former: Dorothy Stuehmke (2020–2022) — Vice President
- Former: Kristen Scheyder (2020–2022) — Vice President
- Former: Julie Hahn Hodgson (2021–2022) — Vice President
- Former: Francesco Vanni D'archirafi (2020–2021) — Director
- Former: Talondria Hodges (2020–2021) — Vice President
- Former: Arthur Tildesley Jr. (2020) — Interim President
- Former: Daria Sheehan (2020) — Vice President
- Former: Gawain Patterson (2020) — Vice President & Secretary
- Former: Jane Fraser (2020) — Director
- Former: Raymond J. McGuire (2020) — Director
- Former: Robert Annibale (2020) — Director
- Former: Stephanie J. Hochman (2020) — Vice President
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 Citi Foundation
How much does Citi Foundation give each year?
Citi Foundation gave $66.9M across 145 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $86.2M across 167 grants.
What is Citi Foundation's typical grant size?
Citi Foundation's median grant in 2024 was $400,000, and its average grant was $461,241, across 145 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Citi Foundation that year got $436K on average.
Where does Citi Foundation give grants?
Citi Foundation's top state is Virginia, with 33% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (23%) and California (15%). The most frequent recipient cities were Alexandria, VA (50 grants), New York, NY (20 grants), Washington, DC (16 grants) and Chicago, IL (7 grants).
Does Citi Foundation give general operating support?
Not in 2024: none of the 145 grants with a stated purpose on Citi Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Progress Makers" (50 grants), "Strengthening Community Leadership Initiative" (10 grants) and "Community Progress Makers Learning Community Initiative" (3 grants).
Who are Citi Foundation's largest grantees?
Citi Foundation's largest 2024 grantees include Charities Aid Foundation America ($21,810,000 across 49 grants), National Bankers Community Alliance Inc ($3,750,000) and International Rescue Committee Inc ($2,000,000 across 2 grants), according to its 2024 IRS Form 990-PF. Together they received 41% of its itemized 2024 grant dollars.
How large is Citi Foundation?
Citi Foundation reported $101.5M in total assets on its 2024 IRS Form 990-PF. It paid out $66.9M in qualifying distributions that year, against a required minimum of $4.3M (roughly 5% of its investment assets).
What does Citi Foundation fund?
The Foundation’s mission is to promote economic progress and improve the lives of people in low-income communities around the world. Its stated areas of work are Community Solutions, Financial Inclusion, and Youth Economic Opportunities. See mission & focus areas ↑
How do I apply for a grant from Citi Foundation?
Citi Foundation does not accept unsolicited proposals, according to Grantable's research on its published guidelines. Check citigroup.com for any change to that policy.
What is Citi Foundation's EIN?
Citi Foundation's EIN (Employer Identification Number) is 13-3781879. IRS Form 990 filing data is available on this page for 2020–2024.
Does Citi Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Does Citi give grants to nonprofits?
Yes. Citi Foundation, Citi's company-sponsored foundation, awarded 145 grants totaling $66.9M in 2024, according to its IRS Form 990-PF. Citi may also give through corporate programs that are not reported on the foundation's 990.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Citi Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Citi Foundation funder profile. GrantGraph. Retrieved October 8, 2026, from https://grantable.co/funders/citi-foundation-morg_c23e3f5f0aea44a99fcf3ad7c51d5cc4
BibTeX
@misc{grantable_133781879_2026,
author = {{Grantable}},
title = {{Citi Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/citi-foundation-morg_c23e3f5f0aea44a99fcf3ad7c51d5cc4},
note = {Accessed 2026-10-08. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Citi Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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