IAC Charitable Foundation Inc is a private grantmaking foundation established in 1998 and based in New York City. The foundation operates as a 501(c)(3) organization dedicated to empowering communities through targeted philanthropic initiatives. The foundation is guided by principles of curiosity, questioning the status quo, and embracing new approaches to achieve philanthropic goals.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.3M
+2.1% YoY
Annual Giving
$1.2M
+30.2% YoY
Grant Count
83
+29.7% YoY
Avg Grant Size
$15K
+0.4% YoY
Under IRS private-foundation payout rules, Iac Charitable Foundation Inc reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The IAC Charitable Foundation is dedicated to empowering communities by addressing urgent needs, advancing equity, and nurturing future leaders. The foundation focuses on:
Education, Inclusion, & Opportunity — Empowering a new generation of leaders through quality education for all young people regardless of socioeconomic background. The foundation provides opportunities and resources to help students of all ages reach their full potential.
Civic & Community Engagement — Engaging in civic and community initiatives to improve urban life, advance economic opportunities, and enhance the social fabric. The foundation supports local initiatives aimed at meeting the immediate needs of vulnerable community members, with particular focus on the West Chelsea neighborhood of New York City.
Arts & Culture — Enriching the local community by ensuring that art remains a vibrant and accessible part of New York City.
The foundation also supports organizations involved with health, multiple sclerosis, AIDS, human services, and Judaism.
Grantmaking
The foundation made 64 grants in 2024, totaling approximately $918,000 in grant distributions. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation primarily focuses on New York City and beyond, with particular emphasis on the West Chelsea neighborhood of New York City.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $21,263,431
- Total Revenues: $853,051
- Total Expenses: $1,438,017
As of December 2023:
- Total Assets: $20.8 Million
- Total Revenues: -$146,000
- Total Expenses: $1.21 Million
- Total Liabilities: $72,800
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,263,431 | $20,836,245 | $20,345,705 |
| Revenue | $853,051 | $-145,840 | $-312,907 |
| Expenses | $1,438,017 | $1,214,738 | $1,276,962 |
| Qualifying Distributions | $1,382,085 | $1,178,970 | $1,209,759 |
| Net Investment Income | $939,399 | $794,378 | $790,328 |
| Distributable Amount | $1,038,706 | $1,005,835 | $1,072,590 |
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
190 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include E4e Relief Llc ($115,000), Mgm Resorts Foundation ($100,000), Ali Forney Center ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE POSSE FOUNDATION INC NEW YORK, NY | EDUCATION | $15,000 |
| AMERICA NEEDS YOU NEW YORK, NY | EDUCATION | $15,000 |
| SPONSORS FOR EDUCATIONAL OPPORTUNITY NEW YORK, NY | EDUCATION | $15,000 |
| PREP FOR PREP NEW YORK, NY | EDUCATION | $15,000 |
| A BETTER CHANCE INC NEW YORK, NY | EDUCATION | $10,000 |
| CONSERVATION INTERNATIONAL FOUNDATION ARLINGTON, VA | CONSERVATION | $25,000 |
| NEW YORK CITY PARTNERSHIP FOUNDATION NEW YORK, NY | HUMAN SERVICES | $12,500 |
| PEN AMERICA CENTER INC NEW YORK, NY | EDUCATION | $25,000 |
| ALI FORNEY CENTER NEW YORK, NY | HUMAN SERVICES | $50,000 |
| FRIENDS OF THE HIGH LINE NEW YORK, NY | EDUCATION | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Suzanne Kennedy serves as President of the IAC Foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TANYA STANICH | DIR, VP & ASST SECRETARY | 0.5 | — |
| NICK STOUMPAS | VICE PRESIDENT &ASST TREASURER | — | — |
| SUZANNE KENNEDY | VP PHILANTHROPIC GIVING | 10 | $7,935 |
| ERIC DEGRAW | VICE PRESIDENT, TAX | 1 | — |
| DAVID FLYNN | VICE PRESIDENT, TAX | — | — |
| ANASTASIA K VON WALKENBERG | VP & ASST SECRETARY | — | — |
| CHRISTOPHER HALPIN | DIR, VP & TREASURER | — | — |
| KENDALL HANDLER | DIR, VP & SECRETARY | — | — |
| KYRA AYO CAROS | VP & ASST SECRETARY | — | — |
| MICHAEL SCHWERDTMAN | VICE PRESIDENT &ASST TREASURER | — | — |
Contact Information
Address: 555 W 18th Street, New York City, NY 10011-2822
Telephone: 212-314-7230
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Iac Charitable Foundation Inc fund?
The IAC Charitable Foundation is dedicated to empowering communities by addressing urgent needs, advancing equity, and nurturing future leaders. The foundation focuses on: **Education, Inclusion, & Opportunity** — Empowering a new generation of leaders through quality education for all young people regardless of socioeconomic background. The foundation provides opportunities and resources to help students of all ages reach their full potential. **Civic & Community Engagement** — Engaging in civ…
How do I apply for a grant from Iac Charitable Foundation Inc?
The foundation made 64 grants in 2024, totaling approximately $918,000 in grant distributions. Recent grants include: • E4e Relief LLC: $115,000 (Hardship Relief) • MGM Resorts Foundation: $100,000 (Human Services) • Ali Forney Center (AFC): $50,000 (Human Services) The foundation's grantmaking approach emphasizes going deep rather than wide with resources to maximize impact. The foundation seeks to support initiatives that are local, well-managed, and aligned with its mission. The foundation v…
Where does Iac Charitable Foundation Inc make grants?
The foundation primarily focuses on New York City and beyond, with particular emphasis on the West Chelsea neighborhood of New York City.
What size grants does Iac Charitable Foundation Inc award?
In 2024, Iac Charitable Foundation Inc awarded 83 grants totaling $1.2M — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Iac Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Iac Charitable Foundation Inc reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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