Pnc Foundation

PITTSBURGH, PA EIN: 25-1202255

Children and youth Children Economically disadvantaged people Low-income people Arts and culture

Pnc Foundation is a private foundation focused on Children and youth, based in PITTSBURGH, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $166.0M in total assets. In 2024, it awarded 1 grants totaling $80.8M. Net investment income was $5.9M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$166.0M

+118.2% YoY

Annual Giving

$80.8M

-2.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$80.8M

-2.6% YoY

Under IRS private-foundation payout rules, Pnc Foundation reported a distributable amount of $11.4M for 2024 — the minimum it must pay out in qualifying distributions.

About Pnc Foundation

Based on IRS filings

Focus Areas

Children and youth Children Economically disadvantaged people Low-income people Arts and culture

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $367.1M (100%)

States

Pennsylvania

Cities

Pittsburgh

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$166,000,750	$76,080,092	$158,196,986
Revenue	$177,625,394	$5,585,259	$16,995,469
Expenses	$86,858,138	$88,006,571	$76,931,293
Qualifying Distributions	$88,094,787	$88,972,297	$76,576,129
Net Investment Income	$5,896,393	$5,539,991	$16,010,840
Distributable Amount	$11,425,636	$8,640,425	$12,786,547

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Open Grants

3 open opportunities from Pnc Foundation

Foundation

PNC Arts Alive

PNC FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Foundation

PNC Foundation: Foundation Grant

PNC FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Foundation

PNC Foundation: Grow Up Great Grant

PNC FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attached ($80,750,296).

Recipient	Purpose	Amount
SEE ATTACHED PITTSBURGH, PA	GENERAL OPERATING	$80,750,296

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
SALLY MCCRADY	PRESIDENT	40	—
MICHAEL A LABRIOLA	CHIEF OPERATING OFFICER/SECRETARY	40	—
JOHN J MATTHEWS	TREASURER	40	—

Subject Areas

Focus areas based on grantmaking activity

Children and youth Children Economically disadvantaged people Low-income people Arts and culture

Frequently Asked Questions

What is Pnc Foundation?

Pnc Foundation is a private foundation focused on Children and youth, based in PITTSBURGH, PA. It holds $166.0M in total assets as of 2024.

How large is Pnc Foundation?

As of 2024, Pnc Foundation holds $166.0M in total assets with $177.6M in annual revenue. It awarded 1 grants totaling $80.8M in 2024.

Where does Pnc Foundation operate?

Pnc Foundation has awarded grants in Pennsylvania.

What size grants does Pnc Foundation award?

In 2024, Pnc Foundation awarded 1 grants totaling $80.8M — an average of about $80.8M per grant, based on its IRS Form 990 filings.

How much is Pnc Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Pnc Foundation reported a distributable amount of $11.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.