PWC Foundation Inc is a public charity based in New York, NY. Its mission is to unlock potential and accelerate paths to opportunity, with grantmaking focused on education, humanitarian response and resilience, and supporting the people of PwC.
Key facts about PWC Foundation Inc
In short: PWC Foundation Inc gave $22.9M across 503 grants in 2025 (avg $46K), top state New York. 33% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 13-6116238
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $22,920,000
- Grants made (2025)
- 503
- Average grant
- $45,567
- Median grant
- $20,000
- New grantees (estimate)
- 33% first-time grantees (165 of 503, 2025)
- Total assets
- $79,603,231
- Primary geography
- New York (25% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$79.6M
+3.2% YoY
Annual Giving
$22.9M
-34.1% YoY
Grant Count
503
-3.5% YoY
Avg Grant Size
$46K
-31.7% YoY
Is PWC Foundation Inc open to new grantees?
33%
first-time grantees, 2025
In 2025, 165 of 503 grantees (33%) were first-time recipients. First grants averaged $29K; repeat grants $54K. How we count
Medians: $20K first-time, $20K repeat.
- 46% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−4%). Method
Estimate from itemized grant lists in IRS Form 990 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.
Mission & Focus Areas
The foundation’s mission is to unlock potential and accelerate paths to opportunity. Its website describes three focus areas: enabling PwC people, building inclusive pathways to education and careers, and strengthening communities facing natural disasters.
Education grants support organizations working to expand educational opportunity and career pathways. The foundation’s 2025 filing lists education as the purpose of many of its largest grants. Examples include NPower, whose stated mission is to prepare young adults and military-connected individuals, especially those facing barriers to opportunity, for technology careers; iMentor, which partners with public high schools in low-income communities and connects mentors with students; and Bottom Line, which supports first-generation students from low-income backgrounds through college access and completion.
Humanitarian funding supports disaster mitigation, preparation, response, and recovery. In 2025, the foundation listed grants for humanitarianism to organizations including Save the Children Federation, which describes its work as children’s relief and development, and Team Rubicon, whose listed grant purpose was humanitarianism. The foundation also supports PwC people through societal-impact opportunities and financial assistance during emergency hardship. Its 2024 filing describes hardship grants to individuals and grants to public charities, with requests reviewed and approved according to grant amount and circumstances.
Grantmaking
In filing year 2025, the foundation reported 503 grants totaling $22,920,000. Grant amounts ranged from $10,000 to $1,750,000, with a median of $20,000.
The largest listed grants included $1,750,000 to NPower, $1,075,000 to iMentor, $1,040,000 to Bottom Line, $1,025,000 to Reading Is Fundamental, and $1,020,000 to 3DE National. The filing also listed $1,000,000 grants to the National Arbor Day Foundation and Save the Children Federation, and a $750,000 grant to FourBlock Foundation. The listed purposes were education for the first five organizations and FourBlock, and humanitarianism for the National Arbor Day Foundation and Save the Children.
The 2024 filing describes due diligence for nonprofit grants to confirm that an organization’s work aligns with the foundation’s mission and that it is eligible and in good standing. It also describes grant acknowledgment letters or grant services agreements and procedures for monitoring grants and their use. Emergency hardship requests require supporting documentation and are reviewed by the advisory committee, executive committee of the board, or program chair, depending on the amount and circumstances.
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Geographic Focus
Where this funder awards grants
The 2025 grants were distributed across recipients in multiple states. The largest shares of grant dollars went to organizations in New York (25%), California (10%), Massachusetts (8%), Washington, DC (7%), and Georgia (6%).
Grant Distribution by State
Share of 2025 grant dollars across all 503 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $16.3M (2021) to $34.8M (2024). In 2025 it made 503 grants totaling $22.9M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Npower Inc ($1.8M). Together the top 10 received $9.7M.
Organizations only. It also paid 1 grant to individuals ($150,000), which are not listed by name.
Grant Size Distribution
2,100 grants across all recorded years
The most common grant size was under $50K: 1,878 grants of 2,100 (89%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Npower Inc Brooklyn, NY | Education | $1,750,000 |
| Imentor Incorporated New York, NY | Education | $1,075,000 |
| The Bottom Line Inc Jamaica Plain, MA | Education | $1,040,000 |
| Reading Is Fundamental Inc Washington, DC | Education | $1,025,000 |
| 3DE National LLC Atlanta, GA | Education | $1,020,000 |
| National Arbor Day Foundation Lincoln, NE | Humanitarianism | $1,000,000 |
| Save the Children Federation Inc Fairfield, CT | Humanitarianism | $1,000,000 |
| Fourblock Foundation Inc New York, NY | Education | $750,000 |
| National Association of Black Accountants Inc Greenbelt, MD | Education | $550,000 |
| One Million Degrees Chicago, IL | Education | $500,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $79,603,231 | $41,647,447 | $26,750,301 | $22,920,000 |
| 2024 | $77,145,151 | $7,332,357 | $38,958,524 | $34,772,500 |
| 2023 | $109,301,795 | $23,656,851 | $37,700,423 | $34,078,600 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $79,603,231 | $77,145,151 | $109,301,795 |
| Revenue | $41,647,447 | $7,332,357 | $23,656,851 |
| Expenses | $26,750,301 | $38,958,524 | $37,700,423 |
| Net Investment Income | $3,202,567 | $4,131,344 | $749,491 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 11, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 8, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 15, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 25, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS June 25, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Michael Sutphin as trustee and president, Jean E Lee as trustee and treasurer, and Christine Freyermuth as trustee and secretary. It also lists Elizabeth Diep, Rakesh Bhatia, Jeanette Dern, Stacey Empson, Amanda Foster, Jeanelle Johnson, and Tracee Jones as trustees.
The foundation’s website lists Jeanette Dern, Stacey Empson, Christine Freyermuth, Jeanelle Johnson, and Tracee Jones among its board of trustees.
PWC Foundation Inc is led by Michael Sutphin, Trustee & President since 2021 (on filings since 2020); none of the 17 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael Sutphin
Trustee & President
Trustee & Treasurer → Trustee & President, 2021
On filings since 2020
5 hrs/week
No compensation reported
Amanda Foster
Trustee
On filings since 2020
1 hr/week
No compensation reported
Christine Freyermuth
Trustee & Secretary
Trustee & Treasurer → Trs. & Secretary, 2024
Trs. & Secretary → Trustee & Secretary, 2025
On filings since 2020
5 hrs/week
No compensation reported
Elizabeth Diep
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Kayvan Shahabi
Trustee
On filings since 2020
1 hr/week
No compensation reported
Rakesh Bhatia
Trustee
On filings since 2020
1 hr/week
No compensation reported
Sameer Melehani
Trustee
On filings since 2020
1 hr/week
No compensation reported
Stacey Empson
Trustee
Trustee → Trustee & Secretary, 2022
Secretary & Trustee → Trustee, 2025
On filings since 2020
1 hr/week
No compensation reported
Jeanelle Johnson
Trustee
On filings since 2021
1 hr/week
No compensation reported
Jeanette Dern
Trustee
On filings since 2021
1 hr/week
No compensation reported
James Kolar
Trustee
On filings since 2023
1 hr/week
No compensation reported
Jean E. Lee
Trustee & Treasurer
Trustee → Treasurer & Trustee, 2024
On filings since 2023
5 hrs/week
No compensation reported
Maria Moats
Trustee
On filings since 2023
1 hr/week
No compensation reported
Martin Chip Sherrill
Trustee
On filings since 2024
1 hr/week
No compensation reported
Tracee Jones
Trustee
On filings since 2024
1 hr/week
No compensation reported
Doug Torline
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Vanessa Salinas Beckstrom
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (8)
- Former: Mitchell M. Roschelle (2020–2024) — Trustee
- Former: Rob Gittings (2021–2024) — Trustee
- Former: Marvin Washington (2020–2023) — Trustee
- Former: Frank Gaudio (2020–2022) — Trustee
- Former: Ronald D. Haas Jr. (2020–2022) — Secretary & Trustee
- Former: Yolanda Seals-Coffield (2020–2021) — Trustee & President
- Former: Steve Barr (2020) — Trustee
- Former: W. Jeffrey Hoover (2020) — Trustee
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.
Contact
Mailing address: 300 Madison Avenue, New York, NY 10017
Phone: (813) 348-7725
Website: https://pwc.com
Frequently asked questions about PWC Foundation Inc
How much does PWC Foundation Inc give each year?
PWC Foundation Inc gave $22.9M across 503 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $34.8M across 521 grants.
What is PWC Foundation Inc's typical grant size?
PWC Foundation Inc's median grant in 2025 was $20,000, and its average grant was $45,567, across 503 grants on its 2025 IRS Form 990. Organizations receiving their first grant from PWC Foundation Inc that year got $29K on average.
Where does PWC Foundation Inc give grants?
PWC Foundation Inc's top state is New York, with 25% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were California (10%) and Massachusetts (8%). The most frequent recipient cities were New York, NY (54 grants), Chicago, IL (27 grants), Washington, DC (22 grants) and Philadelphia, PA (18 grants).
Does PWC Foundation Inc give general operating support?
Not in 2025: none of the 503 grants with a stated purpose on PWC Foundation Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Education" (485 grants) and "Humanitarianism" (18 grants).
Who are PWC Foundation Inc's largest grantees?
PWC Foundation Inc's largest 2025 grantees include Npower Inc ($1,750,000), Imentor Incorporated ($1,075,000) and The Bottom Line Inc ($1,040,000), according to its 2025 IRS Form 990. It also paid 1 grant to individuals ($150,000), which are not listed by name. Together they received 17% of its itemized 2025 grant dollars.
How large is PWC Foundation Inc?
PWC Foundation Inc reported $79.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $41.6M.
What does PWC Foundation Inc fund?
The foundation’s mission is to unlock potential and accelerate paths to opportunity. Its website describes three focus areas: enabling PwC people, building inclusive pathways to education and careers, and strengthening communities facing natural disasters. See mission & focus areas ↑
How do I apply for a grant from PWC Foundation Inc?
PWC Foundation Inc has no public application process in the sources Grantable reviewed. Check pwc.com for current guidelines, or contact the foundation directly before submitting a request.
What is PWC Foundation Inc's EIN?
PWC Foundation Inc's EIN (Employer Identification Number) is 13-6116238. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
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