The Citi Foundation is a private, corporate foundation based in New York, NY (388 Greenwich Street, 18th Floor). Established in 1994, it operates as a 501(c)(3) organization and has been tax-exempt since March 1995. The foundation works to promote economic progress and improve the lives of people in low-income communities around the world, partnering with community organizations across 80+ countries and territories globally.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$101.5M
+15.0% YoY
Annual Giving
$66.9M
-22.4% YoY
Grant Count
145
-13.2% YoY
Avg Grant Size
$461K
-10.7% YoY
Mission & Focus Areas
The Citi Foundation's mission is to promote economic progress and improve the lives of people in low-income communities around the world. The foundation employs a "more than philanthropy" approach that leverages the expertise of Citi and its people to fulfill its mission and drive thought leadership and innovation.
Primary funding focus areas include:
- Financial Inclusion — increasing access to financial services and resources
- Youth Economic Opportunities — catalyzing job opportunities for youth and job skills development
- Community Development — reimagining approaches to building economically vibrant communities
- Education
- Social & Human Services
- Disaster Relief
- Food Security
Recent grant distribution shows approximately 38% of giving directed to community development, 31% to social and human services, and 18% to education.
Grantmaking
The foundation distributes substantial annual grants. Recent financial data shows total giving of $66.88 million to $85.92 million annually, with typical award amounts ranging from $50,000 to $5.5 million.
Review Cycle
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How to Apply
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Geographic Focus
Where this funder awards grants
The foundation has a national scope, distributing grants across the United States. It also operates globally, partnering with organizations across 80+ countries and territories.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $101.47 million
- Total Revenue: $80.2 million
- Total Expenses: $92.8 million
- Total Liabilities: $31.7 million
- Total Giving: $66.88 million
2023 Financial Data:
- Total Assets: $88.21 million
- Total Revenue: $84.23 million
- Total Expenses: $57.11 million
- Total Grants Made: $55.19 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $101,466,350 | $88,205,234 | $90,212,010 |
| Revenue | $80,163,260 | $84,233,338 | $82,465,976 |
| Expenses | $92,820,100 | $57,108,187 | $107,950,333 |
| Qualifying Distributions | $66,881,500 | $86,221,500 | $94,288,000 |
| Net Investment Income | $1,451,720 | $1,372,614 | $463,407 |
| Distributable Amount | $4,317,819 | $4,525,094 | $4,762,848 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
3 open opportunities from Citi Foundation
Citi Foundation: Community Development Finance Innovation Fund
CITI FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Community Progress Makers Fund Grant
CITI FOUNDATION
Amount
US $1,000,000
Deadline
Rolling / Open
Global Innovation Challenge
CITI FOUNDATION
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key leadership includes:
- Anand Selva — Director
- Andrew Fox — Vice President
- Brandee McHale — President
- David Livingstone — Director
- Edward Skyler — Chairman
- Elizabeth Eaton — Assistant Secretary
- Ernesto Torres Cantu — Director
- Florencia Spangaro — Vice President
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| EDWARD SKYLER | CHAIR | 1 | — |
| MARK MASON | DIRECTOR | 1 | — |
| VISWAS RAGHAVAN | DIRECTOR (AS OF 7/11/2024) | 1 | — |
| DAVID LIVINGSTONE | DIRECTOR | 1 | — |
| TITI COLE | DIRECTOR (UNTIL 6/30/2024) | 1 | — |
| SARA WECHTER | DIRECTOR | 1 | — |
| PETER BABEJ | DIRECTOR (UNTIL 6/30/2024) | 1 | — |
| ERNESTO TORRES CANTU | DIRECTOR | 1 | — |
| BRANDEE MCHALE | PRESIDENT | 10 | — |
| FLORENCIA SPANGARO | VICE PRESIDENT & COO | 30 | — |
| KAREN VALENCIA WRIGHT | VICE PRESIDENT & TREASURER | 10 | — |
| ANDREW FOX | VP & SEC. | 20 | — |
| ELIZABETH EATON | ASSISTANT SECRETARY | 1 | — |
Recent News & Activity
Recent developments and announcements
The Citi Foundation announced $25 million in awards to 50 nonprofits advancing youth employability
Citi Foundation awards $25M to 50 nonprofits advancing youth employabilityThe foundation announced a $35 million 2026 Community Finance Initiative for nonprofits across the U.S. working to advance household financial resilience
Citi Foundation awards $25M to 50 nonprofits advancing youth employabilityThe foundation announced recipients of the 2025 Global Innovation Challenge, granting a collective $25 million to 50 nonprofits accelerating youth employability
Citi Foundation awards $25M to 50 nonprofits advancing youth employabilitySubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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