Securities Industry and Financial Markets Association
SECURITIES INDUSTRY AND FINANCIAL is a public charity based in New York, New York. It represents the securities industry and supports charitable organizations on occasion when their projects align with its mission of promoting and supporting a strong financial industry.
Key facts about Securities Industry and Financial Markets Association
In short: Securities Industry and Financial Markets Association gave $254K across 16 grants in 2025 (avg $16K), mostly in District of Columbia. 31% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 32-0178959
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $253,500
- Grants made (2025)
- 16
- Average grant
- $15,844
- Median grant
- $10,000
- New grantees (estimate)
- 31% first-time grantees (5 of 16, 2025)
- Total assets
- $72,959,755
- Primary geography
- District of Columbia (52% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$73.0M
-9.8% YoY
Annual Giving
$254K
+60.4% YoY
Grant Count
16
+60.0% YoY
Avg Grant Size
$16K
+0.3% YoY
Is Securities Industry and Financial Markets Association open to new grantees?
31%
first-time grantees, 2025
In 2025, 5 of 16 grantees (31%) were first-time recipients. First grants averaged $16K; repeat grants $16K. How we count
Medians: $10K first-time, $10K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). 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 organization states that it represents the nation’s securities industry and advocates on policy, legislation, regulation, and business practices affecting investors and financial markets. It also describes serving as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, efficient market operations, and resiliency, as well as providing a forum for industry policy and professional development.
The organization says it is not a grantmaking organization, but occasionally awards grants to charitable organizations for projects aligned with its mission. Its 2025 grants were recorded as program support. Among the recipients, the Committee on Capital Markets Regulation describes its purpose as exploring issues related to the competitiveness of U.S. capital markets and recommending policy changes or research; the Tax Foundation says its mission is to improve lives through tax policies that support economic growth and opportunity. The Prevent Cancer Foundation describes its mission as supporting cancer prevention and early detection through research, education, outreach, and advocacy. Women in Financial Markets says it works to connect, elevate, and advance women professionals in the financial industry through education, mentoring, and sponsorship.
Grantmaking
In filing year 2025, the organization reported 16 grants totaling $253,500. Grant amounts ranged from $7,500 to $55,000, with a median of $10,000. The largest awards included $55,000 to the Committee on Capital Markets Regulation, $45,000 to the Tax Foundation, and $25,000 to the SIFMA Foundation for Investor Education, all for program support.
Open Grants
3 open opportunities from Securities Industry and Financial Markets Association
Alfred J. Rauschman Award
Securities Industry and Financial Markets Association
Amount
Varies
Deadline
Rolling / Open
Operations & Technology Emerging Innovator Award
Securities Industry and Financial Markets Association
Amount
Varies
Deadline
Rolling / Open
SIFMA C&L Society Inclusion & Engagement Award
Securities Industry and Financial Markets Association
Amount
Varies
Deadline
Rolling / Open
Ready to take the next step with Securities Industry and Financial Markets Association?
Geographic Focus
Where this funder awards grants
In 2025, grant dollars were distributed among recipients in the District of Columbia (52%), Massachusetts (26%), New York (14%), Virginia (5%), and Colorado (4%).
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $154K (2020) to $254K (2025). In 2025 it made 16 grants totaling $254K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Committee on Capital Markets Regulation Inc ($55K). Together the top 10 received $202K.
Grant Size Distribution
60 grants across all recorded years
The most common grant size was under $50K: 55 grants of 60 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Committee on Capital Markets Regulation Inc Cambridge, MA | Program Support | $55,000 |
| Tax Foundation Washington, DC | Program Support | $45,000 |
| Sifma Foundation for Investor Eudcation (Fie) Inc New York, NY | Program Support | $25,000 |
| Womens Institute for a Secure Retirement Washington, DC | Program Support | $15,000 |
| Prevent Cancer Foundation Alexandria, VA | Program Support | $12,000 |
| Meridian International Center Washington, DC | Program Support | $10,000 |
| National Adult Protective Services Association Washington, DC | Program Support | $10,000 |
| NCSL Foundation for State Legislatures Denver, CO | Program Support | $10,000 |
| Program on International Financial System Inc Cambridge, MA | Program Support | $10,000 |
| Securities and Exchange Commission Historical Society Washington, DC | Program Support | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $72,959,755 | $56,703,129 | $62,546,339 | $253,500 |
| 2024 | $80,889,764 | $61,779,060 | $62,259,281 | $158,000 |
| 2023 | $72,929,787 | $60,293,967 | $57,479,959 | $177,872 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $72,959,755 | $80,889,764 | $72,929,787 |
| Revenue | $56,703,129 | $61,779,060 | $60,293,967 |
| Expenses | $62,546,339 | $62,259,281 | $57,479,959 |
| Net Investment Income | $2,418,945 | $2,620,141 | $1,979,827 |
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 31, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 24, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 31, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 28, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 26, 2025)
- Updated Form 990 for fiscal year 2019 (received by the IRS August 27, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS August 21, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kenneth E. Bentsen Jr. as president and CEO; Laura Chepucavage as chair; Ronald Kruszewski as chair-elect; Kenneth Cella as chair-emeritus; David Lefkowitz as vice-chair; and Lisa Kidd Hunt as treasurer. Listed directors include Matt Benchener and Libby Cantrill. Kevin Bailey is listed as a director through April 2025, and Althea Brown through June 2025.
Securities Industry and Financial Markets Association is led by Kenneth E. Bentsen Jr., President & CEO since 2020 (on filings since 2019); 12 of 54 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kenneth E. Bentsen Jr.
President & CEO
President & Chair → President & CEO, 2020
On filings since 2019
40 hrs/week
$2.4M (2019) → $2.9M (2025)
Laura Chepucavage
Chair
Vice Chair → Chair-Elect, 2024
Chair-Elect → Chair, 2025
On filings since 2020
2 hrs/week
No compensation reported
Carter K. McDowell
Managing Director
On filings since 2019
40 hrs/week
$493K (2019) → $548K (2025)
Robert Toomey
Managing Director
On filings since 2019
40 hrs/week
$463K (2019) → $593K (2025)
Kevin Carroll
Managing Director
On filings since 2022
40 hrs/week
$494K (2022) → $548K (2025)
Lisa Bleier
Managing Director
On filings since 2023
40 hrs/week
$538K (2023) → $539K (2025)
Lindsey Keljo
Managing Director
On filings since 2024
40 hrs/week
$589K (2024) → $607K (2025)
Brendan T. Reilly
Director
On filings since 2019
1 hr/week
No compensation reported
Jim Reynolds Jr.
Director
Chair → Chair-Emeritus, 2024
Chair-Emeritus → Director, 2025
On filings since 2019
1 hr/week
No compensation reported
John Fw Rogers
Director
Chair Elect → Chair, 2021
Chair → Director, 2022
On filings since 2019
1 hr/week
No compensation reported
John Taft
Director
On filings since 2019
1 hr/week
No compensation reported
Joseph E. Sweeney
Director
Vice Chair → Chairman of the Board, 2020
Chairman of the Board → Director, 2021
On filings since 2019
1 hr/week
No compensation reported
Kevin Bailey
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Durbin
Director
On filings since 2019
1 hr/week
No compensation reported
Paul Reilly
Director
On filings since 2019
1 hr/week
No compensation reported
Michael Kisber
Director
On filings since 2020
1 hr/week
No compensation reported
Gary Hall
Director
On filings since 2021
1 hr/week
No compensation reported
Ryan Taylor
Director
On filings since 2021
1 hr/week
No compensation reported
Samuel Ramirez Jr.
Director
On filings since 2021
1 hr/week
No compensation reported
Claire Santaniello
Director
On filings since 2022
1 hr/week
No compensation reported
Gary Kane
Director
On filings since 2022
1 hr/week
No compensation reported
Libby Cantrill
Director
On filings since 2022
1 hr/week
No compensation reported
Shawn Quant
Director
On filings since 2022
1 hr/week
No compensation reported
Sol Gindi
Director
On filings since 2022
1 hr/week
No compensation reported
Katie Fallon
Director
On filings since 2023
1 hr/week
No compensation reported
Larry Martinez
Director
On filings since 2023
1 hr/week
No compensation reported
Samara Cohen
Director
On filings since 2023
1 hr/week
No compensation reported
Althea Brown
Director
On filings since 2024
1 hr/week
No compensation reported
Ann Fogarty
Director
On filings since 2024
1 hr/week
No compensation reported
Brent Gledhill
Director
On filings since 2024
1 hr/week
No compensation reported
Chance Mims
Director
On filings since 2024
1 hr/week
No compensation reported
Gary Rapp
Director
On filings since 2024
1 hr/week
No compensation reported
Jacqueline Licalzi
Director
On filings since 2024
1 hr/week
No compensation reported
Matt Benchener
Director
On filings since 2024
1 hr/week
No compensation reported
Thomas Wipf
Director
On filings since 2024
1 hr/week
No compensation reported
Aneri Jambusaria
Director
New on the 2025 filing
1 hr/week
No compensation reported
Anthony M. Miller
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brian Ruane
Director
New on the 2025 filing
1 hr/week
No compensation reported
Darren Shames
Director
New on the 2025 filing
1 hr/week
No compensation reported
David Moore
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jim Deutsch
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jon Cherry
Director
New on the 2025 filing
1 hr/week
No compensation reported
Kipp Kranbuhl
Director
New on the 2025 filing
1 hr/week
No compensation reported
Stephen Philipson
Director
New on the 2025 filing
1 hr/week
No compensation reported
Cheryl L. Crispen
Executive Vice President
Executive President → Executive Vice President, 2021
On filings since 2019
40 hrs/week
$562K (2019) → $654K (2025)
David B. Krasner
CFO & CAO
On filings since 2019
40 hrs/week
$671K (2019) → $778K (2025)
Joseph Seidel
COO
On filings since 2019
40 hrs/week
$84K (2019) → $1.4M (2025)
Salvatore Chiarelli
Executive Vice President
On filings since 2019
40 hrs/week
$354K (2019) → $476K (2025)
Josh Wilsusen
Executive Vice President
On filings since 2023
40 hrs/week
$106K (2023) → $840K (2025)
Saima Ahmed
Executive Vice President & General Counsel
On filings since 2023
40 hrs/week
$224K (2023) → $993K (2025)
Kenneth Cella
Chair-Emeritus
Chair Elect → Chair, 2024
Chair → Chair-Emeritus, 2025
On filings since 2019
2 hrs/week
No compensation reported
Lisa Kidd Hunt
Treasurer
Director → Treasurer, 2023
On filings since 2019
2 hrs/week
No compensation reported
Ronald Kruszewski
Chair-Elect
Director → Vice Chair, 2024
Vice Chair → Chair-Elect, 2025
On filings since 2019
2 hrs/week
No compensation reported
David Lefkowitz
Vice Chair
Director → Vice Chair, 2025
On filings since 2022
2 hrs/week
No compensation reported
Former officers (60)
- Former: Charlotte McLaughlin (2019–2024) — Director
- Former: Craig Messinger (2019–2024) — Director
- Former: Douglas Preiser (2019–2024) — Director
- Former: Jeffrey Rosen (2019–2024) — Director
- Former: Mark Steffensen (2019–2024) — Director
- Former: Peter Schneider (2019–2024) — Director
- Former: Robert Hawley (2019–2024) — Director
- Former: Thomas Pluta (2019–2024) — Director
- Former: Kashif Zafar (2020–2024) — Director
- Former: Jamie Price (2021–2024) — Director
- Former: Andy Saperstein (2022–2024) — Director
- Former: John Vaccaro (2022–2024) — Director
- Former: Kabir Sethi (2022–2024) — Director
- Former: Robert Popowski (2022–2024) — Director
- Former: Naureen Hassan (2023–2024) — Director
- Former: Ira D. Hammerman - Former (2024) — Executive Vice President & General Counsel
- Former: James Wallin (2019–2023) — Treasurer
- Former: Jim Kerr (2019–2023) — Director
- Former: Dalia Blass (2022–2023) — Director
- Former: Ira D. Hammerman - Evp (2022–2023) — General Counsel
- Former: Jeb Hensarling (2022–2023) — Director
- Former: Nomita Chopra Singh (2022–2023) — Director
- Former: Jamie Wall - Former (2023) — Executive Vice President
- Former: Thomas Price (2023) — Managing Director
- Former: Andrew Komaroff (2019–2022) — Director
- Former: Matthew Enyedi (2019–2022) — Director
- Former: Thomas Merchant (2019–2022) — Director
- Former: Timothy W. Cameron (2019–2022) — Managing Director
- Former: Deb Schoneman (2020–2022) — Director
- Former: Mark Schuermann (2020–2022) — Managing Director
- Former: Joe Nadreau (2021–2022) — Director
- Former: Megan Flaherty (2021–2022) — Director
- Former: Jamie Wall - Executive (2022) — Vice President
- Former: Josh Wilsussen - Executive (2022) — Vice President
- Former: Saima Ahmed - Evp (2022) — General Counsel
- Former: Francis Kelly (2019–2021) — Director
- Former: Ira D. Hammerman (2019–2021) — Executive Vice President
- Former: Jamie Wall (2019–2021) — Executive Vice President
- Former: John Ettelson (2019–2021) — Director
- Former: Michael Crowl (2019–2021) — Director
- Former: Paul Galietto (2019–2021) — Director
- Former: Shelley O'Connor (2019–2021) — Director
- Former: Victoria Cumings (2019–2021) — Managing Director
- Former: James Crowley (2020–2021) — Director
- Former: Brand Meyer (2019–2020) — Director
- Former: Gene Kim (2019–2020) — Director
- Former: James Allen (2019–2020) — Director
- Former: James Kelligrew Jr. (2019–2020) — Director
- Former: Lisa Dolly (2019–2020) — Director
- Former: Thomas McDonald (2019–2020) — Director
- Former: Tim Hockey (2019–2020) — Director
- Former: Valerie Brown (2019–2020) — Director
- Former: Lesley Kelly (2020) — Director
- Former: Spyro Karetsos (2020) — Director
- Former: Gary Wunderlich (2019) — Director
- Former: John Maurello (2019)
- Former: Randolph C. Snook (2019) — Executive Vice President
- Former: Sandie O'Connor (2019) — Director · Filing note: Thru 022019
- Former: Suzanne Shank (2019) — Director
- Former: Sylvain Cartier (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "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 $2.9M, to Kenneth E Bentsen Jr (President & CEO). 12 officers or directors reported compensation on that filing.
Contact
Mailing address: 140 Broadway 35Th Floor, New York, NY 10005
Phone: (212) 313-1371
Website: https://sifma.org
Frequently asked questions about Securities Industry and Financial Markets Association
How much does Securities Industry and Financial Markets Association give each year?
Securities Industry and Financial Markets Association gave $254K across 16 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $158K across 10 grants.
What is Securities Industry and Financial Markets Association's typical grant size?
Securities Industry and Financial Markets Association's median grant in 2025 was $10,000, and its average grant was $15,844, across 16 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Securities Industry and Financial Markets Association that year got $16K on average.
Where does Securities Industry and Financial Markets Association give grants?
Securities Industry and Financial Markets Association gives mostly in District of Columbia: 52% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were Massachusetts (26%) and New York (14%). The most frequent recipient cities were Washington, DC (10 grants) and Cambridge, MA (2 grants).
Does Securities Industry and Financial Markets Association give general operating support?
Not in 2025: none of the 16 grants with a stated purpose on Securities Industry and Financial Markets Association's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Program Support" (16 grants).
Who are Securities Industry and Financial Markets Association's largest grantees?
Securities Industry and Financial Markets Association's largest 2025 grantees include Committee on Capital Markets Regulation Inc ($55,000), Tax Foundation ($45,000) and Sifma Foundation for Investor Eudcation (Fie) Inc ($25,000), according to its 2025 IRS Form 990. Together they received 49% of its itemized 2025 grant dollars.
How large is Securities Industry and Financial Markets Association?
Securities Industry and Financial Markets Association reported $73.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $56.7M.
What does Securities Industry and Financial Markets Association fund?
The organization states that it represents the nation’s securities industry and advocates on policy, legislation, regulation, and business practices affecting investors and financial markets. See mission & focus areas ↑
How do I apply for a grant from Securities Industry and Financial Markets Association?
Securities Industry and Financial Markets Association has no public application process in the sources Grantable reviewed. Check sifma.org for current guidelines, or contact the foundation directly before submitting a request.
What is Securities Industry and Financial Markets Association's EIN?
Securities Industry and Financial Markets Association's EIN (Employer Identification Number) is 32-0178959. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Securities Industry and Financial Markets Association by hand.
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