The Ernst & Young Foundation is a 501(c)(3) public charity based in New York City at 1 Manhattan West, 401 9th Ave, New York, NY 10001. Founded in 1937 through the merger of the Arthur Young Foundation and Ernst & Whinney Foundation, the organization operates as a grantmaking foundation with a focus on education and professional development. The foundation has been tax-exempt since March 1959.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.3M
+3.8% YoY
Annual Giving
$16.8M
-6.5% YoY
Grant Count
631
-5.4% YoY
Avg Grant Size
$27K
-1.2% YoY
Mission & Focus Areas
The Ernst & Young Foundation's mission is to stimulate and support excellence in education, with a particular focus on higher education and preparation for professional service careers in business. The foundation encourages leadership, excellence, continuous improvement, and innovation in education quality, diversity, and accountability within educational institutions. The foundation may also provide philanthropic services related to disaster relief and other charitable causes.
Primary funding areas include:
- Higher education and professional service career preparation
- Tax research, accounting, and auditing education
- Faculty development and research
- Student scholarships and financial aid
- Social justice initiatives
- Disaster relief
Grantmaking
Grant Range
$40,000 to $10.4 million depending on program
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Geographic Focus
Where this funder awards grants
The foundation's grant-making focuses primarily on the United States, with particular emphasis on New York, California, and Texas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Financial Overview (FY 2024):
- Total assets: $43,270,941
- Total annual giving: $21,128,253
- Revenue (FY 2023): $19.8 million
- Expenses (FY 2023): $22.1 million
- Total assets (FY 2023): $41.7 million
- Total liabilities (FY 2023): $3.64 million
Financial Rating: The foundation holds a 4-star rating (95% score) from Charity Navigator, demonstrating strong financial health and accountability.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,270,941 | $41,679,326 | $43,540,853 |
| Revenue | $23,237,263 | $19,837,625 | $27,948,303 |
| Expenses | $21,879,953 | $22,074,233 | $21,909,835 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,006,926 | $1,531,344 | $667,306 |
| Distributable Amount | — | — | — |
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
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PETER D LEASE | DIRECTOR | 1 | — |
| DEBI HEISKALA | DIRECTOR | 1 | — |
| DERRICK STEELE | DIRECTOR | 1 | — |
| GINNIE CARLIER | PRESIDENT | 1 | — |
| SANDRA OLIVER | TREASURER | 1 | — |
| REGENIA SANDERS | DIRECTOR | 1 | — |
| MICHAEL S SOLENDER | DIRECTOR-RETIRED IN FY '24 | 1 | — |
| ELLEN J GLAZERMAN | EXECUTIVE DIRECTOR | 5 | — |
Recent News & Activity
Recent developments and announcements
The EY Foundation launched an Intern Scholarship Fund to support EY interns pursuing business education
EY Foundation launches Intern Scholarship FundThe EY College MAP program reached record numbers of graduates, awarding close to half a million dollars in scholarships and expanding to four new cities
EY College MAP program reaches record number of graduates in 2015, awardsThe foundation distributed $2.6 million through the EY Disaster Relief Fund in FY24 for employee and community disaster relief
The EY Social Justice Fund distributed $1.4 million in FY24
Subject 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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