Factset Charitable Foundation
The FactSet Charitable Foundation is a nonprofit, nonstock corporation and separate legal entity established by FactSet Research Systems Inc. in fiscal year 2022. Based in Norwalk, Connecticut, the Foundation provides financial support and expertise to nonprofit organizations implementing innovative programs that empower underserved students and advance educational opportunities.
Key facts about Factset Charitable Foundation
- EIN
- 87-3645269
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $2,205,617
- Grants made (2024)
- 52
- Average grant
- $42,416
- Median grant
- $8,750
- Total assets
- $7,802,328
- Primary geography
- New York (34% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026.
Who Factset Charitable Foundation funds
By grant dollars, the top recipient states for Factset Charitable Foundation's 52 itemized 2024 grants were New York (34%), District of Columbia (12%) and Massachusetts (12%). The most frequent recipient cities were New York, NY (9 grants), Boston, MA (5 grants), Chicago, IL (4 grants) and Washington, DC (3 grants). 100% of grants with a stated purpose were for general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$7.8M
+144.4% YoY
Annual Giving
$2.2M
+42.0% YoY
Grant Count
52
+0.0% YoY
Avg Grant Size
$42K
+42.0% YoY
Under IRS private-foundation payout rules, Factset Charitable Foundation reported a distributable amount of $220K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's primary mission is to foster opportunities for young people from underrepresented backgrounds pursuing education and employment in the technology and finance sectors. The Foundation seeks to support programs that provide transformative educational experiences for young people traditionally underrepresented in technology and finance, including those from lower-income communities and first-generation college students.
Primary funding priorities include:
- STEM programs and education — enhancing science, technology, engineering, and mathematics initiatives
- Empowering future leaders — programs that develop leadership capacity among underserved youth
- Youth education and pathways — programs creating pathways to and through college and into technology careers
- Core program efficiencies and expansion — operating support to strengthen and scale existing programs
- Environmental organizations
- General youth education
- Hunger alleviation initiatives — associated with FactSet's strategic employee volunteer program
- Global disaster relief efforts
The Foundation emphasizes support for programs benefiting communities near FactSet's headquarters location and other major FactSet office locations.
Grantmaking
Grant Range
** $1,000 to $300,000
Average Grant
of approximately $29,421 for operating support; median grant amount of $192,000
Grant Types
Ready to take the next step with Factset Charitable Foundation?
Geographic Focus
Where this funder awards grants
The Foundation focuses on programs benefiting the community near FactSet's headquarters location in Norwalk, Connecticut, and other major FactSet locations. Grant-making activity shows primary focus in New York, Massachusetts, and Connecticut.
Grant Distribution by State
Share of all 52 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending August 2024:
- Total Assets: $7,802,328
- Total Revenue: $7,072,197
- Total Giving: $2,205,617 to $2,212,417
- Total Expenses: $2,547,917
- Giving Rate: 40.2%
Revenue Growth: Total grants and contributions increased 100% from $3,500,000 (FY 2023) to $7,000,000 (FY 2024).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $7,802,328 | $3,192,548 | $1,252,736 |
| Revenue | $7,072,197 | $3,500,000 | $1,600,000 |
| Expenses | $2,547,917 | $1,810,188 | $347,264 |
| Qualifying Distributions | $2,212,417 | $1,560,188 | $347,264 |
| Net Investment Income | $72,197 | — | — |
| Distributable Amount | $219,909 | $129,927 | $58,174 |
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
126 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include America on Tech Inc ($300,000), Sponsors for Educational Opportunity ($250,000), The Bottom Line Inc ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICA ON TECH INC NEW YORK, NY | OPERATING SUPPORT | $300,000 |
| SPONSORS FOR EDUCATIONAL OPPORTUNITY NEW YORK, NY | OPERATING SUPPORT | $250,000 |
| THE BOTTOM LINE INC BOSTON, MA | OPERATING SUPPORT | $250,000 |
| UPREACH CHARITABLE COMPANY | OPERATING SUPPORT | $220,000 |
| TECHNOVATION MENLO PARK, CA | OPERATING SUPPORT | $150,000 |
| GENERATION YOU EMPLOYED INC WASHINGTON, DC | OPERATING SUPPORT | $150,000 |
| KIRON OPEN HIGHER EDUCATION GMBH | OPERATING SUPPORT | $125,000 |
| THE POSSE FOUNDATION INC NEW YORK, NY | OPERATING SUPPORT | $100,000 |
| AMERICAN NATIONAL RED CROSS WASHINGTON, DC | OPERATING SUPPORT | $75,347 |
| JUNIOR ACHIEVEMENT USA COLORADO SPRINGS, CO | OPERATING SUPPORT | $64,400 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Laura Ruhe — President and Director
- Linda Huber — Chair (until July 2024)
- John Costigan — Director and Chair (as of July 2024)
- Jeffrey Gershowitz — Secretary
- Chai Suh — Treasurer
- Kendra Brown — Director
- Kristina Karnovsky — Director
- Donell Young — Director
- Victoria Revall — Tax Officer
- Lisa Hughes — Director (as of September 2023)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA HUBER UNTIL 0724 | CHAIR | 5 | — |
| CHAI SUH | TREASURER | 2 | — |
| KENDRA BROWN | DIRECTOR | 1 | — |
| KRISTINA KARNOVSKY | DIRECTOR | 1 | — |
| JOHN COSTIGAN AS OF 0724 | DIRECTOR & CHAIR | 1 | — |
| DONELL YOUNG | DIRECTOR | 1 | — |
| LAURA RUHE | DIRECTOR | 1 | — |
| JEFFREY GERSHOWITZ | SECRETARY | 5 | — |
| VICTORIA REVALL | TAX OFFICER | 1 | — |
| LISA HUGHES | DIRECTOR (AS OF 09/23) | 1 | — |
| ANDREW BURTON | DIRECTOR (AS OF 09/23) | 1 | — |
| CLAUDINE DAVID | DIRECTOR (AS OF 02/24) | 1 | — |
| LISA GLEASON | CO-PRESIDENT (AS OF 09/23) | 20 | — |
| HANNAH ZUCKER | CO-PRESIDENT (AS OF 09/23) | 20 | — |
Recent News & Activity
Recent developments and announcements
The Foundation joined the Fairfield County Business Collaborative for Education Equity (BCEE) in October 2023 as a partner organization. BCEE is a local impact and funding collaborative working to reduce and eliminate educational disparities among Fairfield County's most vulnerable pre-K through 12+ students, parents, guardians, teachers, and staff.
FactSet Charitable Foundation Partners with UpReachThe Foundation announced a partnership with UpReach to support educational initiatives.
FactSet Charitable Foundation Partners with UpReachThe Foundation has engaged with the Young Banatao Learning Lab (YBLL) ideathon initiative, celebrating success in shaping the future of technology.
PhilDev Foundation and FactSet celebrate the success of the ...Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Factset Charitable Foundation fund?
The Foundation's primary mission is to foster opportunities for young people from underrepresented backgrounds pursuing education and employment in the technology and finance sectors. The Foundation seeks to support programs that provide transformative educational experiences for young people traditionally underrepresented in technology and finance, including those from lower-income communities and first-generation college students. Primary funding priorities include: • **STEM programs and educ…
How do I apply for a grant from Factset Charitable Foundation?
**Grant Range:** $1,000 to $300,000 **Typical Grant Amount:** Average grant of approximately $29,421 for operating support; median grant amount of $192,000 **Recent Grant Activity:** The Foundation made 82 grants in its most recent fiscal year (ending August 2024), with total giving of $2,205,617 to $2,212,417. **Grant Types:** • Operating support (78 recipients) • STEM program support • Programs empowering future leaders • Core program efficiencies and expansion support **Recent Grantees** (20…
Where does Factset Charitable Foundation make grants?
The Foundation focuses on programs benefiting the community near FactSet's headquarters location in Norwalk, Connecticut, and other major FactSet locations. Grant-making activity shows primary focus in New York, Massachusetts, and Connecticut.
What size grants does Factset Charitable Foundation award?
In 2024, Factset Charitable Foundation awarded 52 grants totaling $2.2M — an average of about $42K per grant, based on its IRS Form 990 filings.
How much is Factset Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Factset Charitable Foundation reported a distributable amount of $220K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Factset Charitable Foundation's EIN?
Factset Charitable Foundation's EIN (Employer Identification Number) is 87-3645269. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Factset Charitable Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.