S&G Foundation Inc
S&G Foundation Inc is a private foundation, based in Albany, NY. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.8B in total assets. In 2024, it awarded 2 grants totaling $133.9M. Net investment income was $182.3M.
S&G Foundation Inc at a glance
In short: S&G Foundation Inc gave $133.9M across 2 grants in 2024 (avg $67.0M), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $133,918,960
- +6.6% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $66,959,480
- +6.6% vs 2023
- Median grant
- $66,959,480
- Total assets
- $1,791,106,859
- +20.4% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who S&G Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Various - Stock (See Statement) ($93.8M). Together the top 2 received $133.9M.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was $5M or more: 10 grants of 12 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How S&G Foundation Inc gives
- In 2024 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $80.8M (2022) to $184.7M (2021, 18 months). In 2024 it made 2 grants totaling $133.9M.
*2021: Covers 18 months (fiscal year-end changed).
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various - Stock (See Statement) Albany, NY | General Charitable Purposes | $93,815,418 |
| Various - Cash (See Statement) Albany, NY | General Charitable Purposes | $40,103,542 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,791,106,859 | $743,968,400 | $168,811,734 | $133,918,960 | 2 | $134,298,326 | $182,262,979 | $186,944,728 |
| 2023 | $1,487,879,912 | $-34,870,474 | $148,682,754 | $125,578,042 | 2 | $125,926,546 | $25,571,195 | $138,602,614 |
| 2022 | $1,618,547,690 | $315,987,459 | $98,384,099 | $80,795,294 | 2 | $81,136,338 | $94,164,293 | $131,905,410 |
| 2021* | $1,473,044,931 | $857,274,378 | $209,193,388 | $184,691,287 | 4 | $103,496,035 | $223,606,679 | $173,463,208 |
| 2020 | $1,147,138,007 | $304,610,125 | $98,410,410 | $89,335,980 | 2 | — | $292,393,208 | $81,877,658 |
| 2019 | $921,063,274 | $81,352,270 | $92,137,522 | $81,029,166 | 2 | — | $70,471,801 | $88,342,025 |
*2021: Covers 18 months (fiscal year-end changed).
Under IRS private-foundation payout rules, S&G Foundation Inc reported a distributable amount of $186.9M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
S&G Foundation Inc is led by Shelby Mc Davis, President since 2022 (on filings since 2019); none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Shelby Mc Davis
President
President - Hours → President, 2022
On filings since 2019
5 hrs/week
No compensation reported
Gale L. Davis
Secretary
Vice President - Hours → Secretary - Hours, 2021
Secretary - Hours → Secretary, 2022
On filings since 2019
5 hrs/week
No compensation reported
Lansing A. Davis
Treasurer
Treasurer - Hours → Treasurer, 2022
On filings since 2019
5 hrs/week
No compensation reported
Craig Cornelius
Vice President
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Jacob Mnookin (2019–2022) — Vice President
- Former: Mary Ann McGrath (2019–2020) — Secretary - < Hour
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about S&G Foundation Inc
How much does S&G Foundation Inc give each year?
S&G Foundation Inc gave $133.9M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $125.6M across 2 grants.
How large is S&G Foundation Inc?
S&G Foundation Inc reported $1.8B in total assets on its 2024 IRS Form 990-PF. It paid out $134.3M in qualifying distributions that year, against a required minimum of $186.9M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does S&G Foundation Inc operate?
S&G Foundation Inc has awarded grants in New York.
What is S&G Foundation Inc's EIN?
S&G Foundation Inc's EIN (Employer Identification Number) is 36-4193183. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work S&G Foundation Inc funds
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