The Allen & Company Foundation Inc
The Allen & Company Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $432K in total assets. In 2024, it awarded 18 grants totaling $2.5M. Net investment income was $2.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$432K
+150.6% YoY
Annual Giving
$2.5M
+3226.7% YoY
Grant Count
18
+800.0% YoY
Avg Grant Size
$139K
+269.6% YoY
Under IRS private-foundation payout rules, The Allen & Company Foundation Inc reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About The Allen & Company Foundation Inc
Based on IRS filings
The Allen & Company Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $432K in total assets. In 2024, it awarded 18 grants totaling $2.5M. Net investment income was $2.5M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $432,316 | $172,535 | $90,335 |
| Revenue | $2,787,235 | $160,463 | $127,095 |
| Expenses | $2,527,454 | $78,263 | $242,814 |
| Qualifying Distributions | $2,495,823 | $76,663 | $225,666 |
| Net Investment Income | $2,506,691 | $135,121 | $83,247 |
| Distributable Amount | $47,863 | $4,296 | $4,769 |
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
47 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mayo Clinic ($750,000), Cleveland Clinic ($750,000), Memorial SloanKettering Cancer Cen ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SUCCESS ACADEMY CHARTER SCHOOLS NEW YORK, NY | UNRESTRICTED | $50,000 |
| HETERODOX ACADEMY NEW YORK, NY | UNRESTRICTED | $25,000 |
| CHILDRENS HEALTHCARE OF ATLANTA ATLANTA, GA | UNRESTRICTED | $50,000 |
| THE BROOKINGS INSTITUTION Washington, DC | UNRESTRICTED | $100,000 |
| NEW YORK CITY POLICE FOUNDATION INC NEW YORK, NY | UNRESTRICTED | $100,000 |
| YALE UNIVERSITY NEW HAVEN, CT | UNRESTRICTED | $25,000 |
| Cary Institute of Ecosystem Studies MILLBROOK, NY | UNRESTRICTED | $5,000 |
| UPSTREAM USA INC BOSTON, MA | UNRESTRICTED | $25,000 |
| NF FORWARD DETRIOT, MI | UNRESTRICTED | $25,000 |
| AMERICAN INSTITUTE FOR BOYS AND MEN WASHINGTON, DC | UNRESTRICTED | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HERBERT A ALLEN III | DIRECTOR; PRESIDENT | 1 | — |
| SALIMA VAHABZADEH | DIRECTOR; CFO & VP | 1 | — |
| KIM WIELAND | DIRECTOR; VP | 1 | — |
| PETER DIIORIO | GENERAL COUNSEL; VP | 1 | — |
| ISAAC KESCHNER | ASSISTANT SECRETARY; TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Allen & Company Foundation Inc?
The Allen & Company Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $432K in total assets as of 2024.
How large is The Allen & Company Foundation Inc?
As of 2024, The Allen & Company Foundation Inc holds $432K in total assets with $2.8M in annual revenue. It awarded 18 grants totaling $2.5M in 2024.
Where does The Allen & Company Foundation Inc operate?
The Allen & Company Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Georgia, Massachusetts, Maryland, Michigan, Minnesota, New York, Ohio, Virginia.
What size grants does The Allen & Company Foundation Inc award?
In 2024, The Allen & Company Foundation Inc awarded 18 grants totaling $2.5M — an average of about $139K per grant, based on its IRS Form 990 filings.
How much is The Allen & Company Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Allen & Company Foundation Inc reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Allen & Company Foundation Inc's EIN?
The Allen & Company Foundation Inc's EIN (Employer Identification Number) is 85-1764562. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Allen & Company Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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