IAC Charitable Foundation Inc
IAC Charitable Foundation Inc is a private foundation based in an individual recipient, NY. In 2025, it reported 71 grants totaling $1,193,275, supporting organizations whose work included human services, education, and community development.
IAC Charitable Foundation Inc at a glance
In short: IAC Charitable Foundation Inc gave $1.2M across 71 grants in 2025 (avg $17K), mostly in New York. 50% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,193,275
- -1.6% vs 2024
- Grants made (2025)
- 71
- -14.5% vs 2024
- Average grant
- $16,807
- +15.0% vs 2024
- Median grant
- $10,000
- Total assets
- $23,068,119
- +8.5% vs 2024
- New grantees (estimate)
- 50% first-time grantees (22 of 44, 2025)
- Primary geography
- New York (72% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to IAC Charitable Foundation Inc
- How to Apply
-
The filing lists IAC Foundation Scholarship as the contact and directs applicants to the foundation’s website for application information and materials. The foundation states that it does not restrict giving to preselected organizations. Scholarship applicants must demonstrate financial need, be eligible for a Federal Pell Grant as indicated on their FAFSA Student Aid Report, show a record of academic success, and be enrolled or planning to enroll at an accredited college or university, from rising college freshmen through first-year PhD students. Following award notification, students must provide a copy of their eligibility letter.
- Review Cycle
- The filing directs applicants to the foundation’s website for deadline information.
- Deadline
- The filing directs applicants to the foundation’s website for deadline information.
- Contact
Application contact: Iac Foundation Scholarship
Mailing address: 555 W 18Th Street, New York, NY 10011-2822
Phone: (212) 314-7230
Email: addison.rothrock@iac.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who IAC Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Hudson Guild ($300K). Together the top 10 received $565K.
Organizations only. It also paid 2 individual scholarships ($20,000), which are not listed by name.
Grant Size Distribution
336 grants across all recorded years
The most common grant size was under $50K: 322 grants of 336 (96%).
Geographic Focus
Where this funder awards grants
In 2025, 72% of grant dollars went to recipients in an individual recipient, followed by Iowa at 5%, Indiana and Alabama at 3% each, and Connecticut at 2%.
Grant Distribution by State
Share of 2025 grant dollars across all 71 itemized grants.
States
Cities
Is IAC Charitable Foundation Inc open to new grantees?
50%
first-time grantees, 2025
In 2025, 22 of 44 grantees (50%) were first-time recipients. First grants averaged $16K; repeat grants $29K. How we count
Medians: $13K first-time, $15K repeat.
- 41% of 2025 grantees were also funded in 2024. Method
- Giving grew 27% from 2022 to 2025. Method
- In 2025 it paid out 128% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2025, annual grant giving ranged from $373K (2020) to $1.2M (2024). In 2025 it made 71 grants totaling $1.2M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hudson Guild New York, NY | Human Services | $300,000 |
| America on Tech New York, NY | Education | $50,000 |
| Friends of Hudson River Park Inc New York, NY | Community Development | $30,000 |
| Mouse Inc New York, NY | Education | $30,000 |
| Fresh Youth Initiatives Inc New York, NY | Education | $30,000 |
| Gotham Gives Inc New York, NY | Education | $25,000 |
| Literacy Partners Inc New York, NY | Education | $25,000 |
| Friends of the Highline New York, NY | Community Development | $25,000 |
| United Way of Central Iowa Des Moines, IA | Human Services | $25,000 |
| New York Restoration Project New York, NY | Community Development | $25,000 |
Ready to take the next step with IAC Charitable Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $23,068,119 | $1,746,150 | $1,467,906 | $1,193,275 | 71 | $1,364,962 | $1,686,914 | $1,066,336 |
| 2024 | $21,263,431 | $853,051 | $1,438,017 | $1,213,000 | 83 | $1,382,085 | $939,399 | $1,038,706 |
| 2023 | $20,836,245 | $-145,840 | $1,214,738 | $931,500 | 64 | $1,178,970 | $794,378 | $1,005,835 |
| 2022 | $20,345,705 | $-312,907 | $1,276,962 | $942,700 | 78 | $1,209,759 | $790,328 | $1,072,590 |
| 2021 | $24,955,382 | $1,002,858 | $1,091,694 | $783,300 | 40 | $969,647 | $1,002,858 | $1,195,430 |
| 2020 | $24,607,904 | $25,004,328 | $396,631 | $373,000 | 20 | — | $4,328 | $663,277 |
Under IRS private-foundation payout rules, IAC Charitable Foundation Inc reported a distributable amount of $1.1M for 2025 — 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 own mission is not stated in the available information. Its 2025 grants included organizations working in education, human services, and community development. For example, America On Tech says its mission is to prepare technology leaders from underestimated communities, while Hudson Guild describes its work as empowering individuals and families, with priority for those in economic need. Friends of Hudson River Park says it works on fundraising, marketing, communications, and public policy for the park.
Grantmaking
In 2025, the foundation made 71 grants totaling $1,193,275. Grants ranged from $2,500 to $300,000, with a median grant of $10,000.
The largest reported grant was $300,000 to Hudson Guild for human services. Other notable grants included $50,000 to America On Tech for education; $30,000 each to Friends of Hudson River Park for community development, Mouse for education, and Fresh Youth Initiatives for education; and $25,000 each to Gotham Gives, Literacy Partners, Friends of the High Line, an individual recipient Restoration Project, and The Juilliard School. United Way of Central Iowa received $25,000 for human services.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Suzanne Kennedy as President, Philanthropic Giving. Other listed officers and directors are David Flynn, Vice President, Tax; Anastasia K Von Walkenberg, VP & Assistant Secretary; Christopher Halpin, Director, VP & Treasurer; Kendall Handler, Director, VP & Secretary; Kyra Ayo Caros, Director, VP & Assistant Secretary; Russell Farscht and Devon Batiz, Vice Presidents & Assistant Treasurers; Dawn Galloway, Vice President; and Eun-Sook Kim, Vice President, Tax.
IAC Charitable Foundation Inc is led by Suzanne Kennedy, President & Philanthropic Giving since 2025 (on filings since 2020); 1 of 11 officers listed in 2025 is compensated.
Officers on the 2025 filing
Suzanne Kennedy
President & Philanthropic Giving
Vice President → Vice President Philanthropic Giving, 2022
Vice President Philanthropic Giving → President & Philanthropic Giving, 2025
On filings since 2020
10 hrs/week
$52K (2022) → $55K (2025)
Christopher Halpin
Director, Vice President & Treasurer
On filings since 2022
No compensation reported
Kendall Handler
Director, Vice President & Secretary
Vice President & Secretary → Director, Vice President & Secretary, 2023
On filings since 2022
No compensation reported
Kyra Ayo Caros
Director, Vice President & Assistant Secretary
Vice President & Assistant Secretary → Director, Vice President & Assistant Secretary, 2025
On filings since 2024
No compensation reported
David Flynn
Vice President & Tax
On filings since 2020
No compensation reported
Anastasia K. Von Walkenberg
Vice President & Assistant Secretary
Director, Vice President & Secretary → Vice President & Assistant Secretary, 2022
On filings since 2021
No compensation reported
Dawn Galloway
Vice President
New on the 2025 filing
No compensation reported
Devon Batiz
Vice President & Assistant Treasurer
New on the 2025 filing
No compensation reported
Eun-Sook Kim
Vice President & Tax
New on the 2025 filing
No compensation reported
Lynnette Cunningham
Vice President & Tax
New on the 2025 filing
No compensation reported
Russell Farscht
Vice President & Assistant Treasurer
New on the 2025 filing
No compensation reported
Former officers (10)
- Former: Eric Degraw (2020–2024) — Vice President & Tax
- Former: Nick Stoumpas (2020–2024) — Vice President & Assistant Treasurer
- Former: Tanya Stanich (2020–2024) — Director, Vice President & Assistant Secretary
- Former: Michael H Schwerdtman (2021–2024) — Vice President & Assistant Treasurer
- Former: Erik Bradbury (2023) — Vice President & Assistant Treasurer
- Former: Joseph Levin (2023) — President
- Former: Joanne Hawkins (2020–2022) — Director, Vice President & Assistant Secretary
- Former: Joey Levin (2020–2022) — President
- Former: Glenn Schiffman (2020–2021) — Director, Vice President & Treasurer
- Former: Gregg Winiarski (2020) — Director, Vice President & Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $55K, to Suzanne Kennedy (PRESIDENT,PHILANTHROPIC Giving).
Frequently asked questions about IAC Charitable Foundation Inc
How much does IAC Charitable Foundation Inc give each year?
IAC Charitable Foundation Inc gave $1.2M across 71 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.2M across 83 grants.
What is IAC Charitable Foundation Inc's typical grant size?
IAC Charitable Foundation Inc's median grant in 2025 was $10,000, and its average grant was $16,807, across 71 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from IAC Charitable Foundation Inc that year got $16K on average.
Where does IAC Charitable Foundation Inc give grants?
IAC Charitable Foundation Inc gives mostly in New York: 72% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (5%). The most frequent recipient cities were New York, NY (27 grants), Des Moines, IA (5 grants), Brooklyn, NY (3 grants) and Ithaca, NY (3 grants).
Does IAC Charitable Foundation Inc give general operating support?
Not in 2025: none of the 71 grants with a stated purpose on IAC Charitable Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (17 grants), "Community Development" (9 grants) and "Human Services" (5 grants).
Who are IAC Charitable Foundation Inc's largest grantees?
IAC Charitable Foundation Inc's largest 2025 grantees include Hudson Guild ($300,000), America on Tech ($50,000) and Friends of Hudson River Park Inc ($30,000), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($20,000), which are not listed by name. Together they received 32% of its itemized 2025 grant dollars.
How large is IAC Charitable Foundation Inc?
IAC Charitable Foundation Inc reported $23.1M in total assets on its 2025 IRS Form 990-PF. It paid out $1.4M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).
What does IAC Charitable Foundation Inc fund?
The foundation’s own mission is not stated in the available information. Its 2025 grants included organizations working in education, human services, and community development. See mission & focus areas ↑
How do I apply for a grant from IAC Charitable Foundation Inc?
The filing lists IAC Foundation Scholarship as the contact and directs applicants to the foundation’s website for application information and materials. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is IAC Charitable Foundation Inc's EIN?
IAC Charitable Foundation Inc's EIN (Employer Identification Number) is 13-3994361. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 28, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 4, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 29, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
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Cite this profile
Grantable. (2026). IAC Charitable Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/iac-charitable-foundation-inc-morg_aaa10ce3c82c429a83b5d8213f5c451d
BibTeX
@misc{grantable_133994361_2026,
author = {{Grantable}},
title = {{IAC Charitable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/iac-charitable-foundation-inc-morg_aaa10ce3c82c429a83b5d8213f5c451d},
note = {Accessed 2026-10-16. 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 IAC Charitable Foundation Inc'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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