The Ayco Charitable Foundation
The Ayco Charitable Foundation was a public charity based in Cohoes, New York, whose stated mission was to encourage and promote philanthropy and charitable giving. Its 2025 IRS filing is marked as its final return: the foundation merged with GS Donor Advised Philanthropy Fund effective July 1, 2025, and states that June 30, 2025 was its final day of operation. It therefore appears to have wound down as a separate organization.
The Ayco Charitable Foundation at a glance
In short: The Ayco Charitable Foundation gave $1.3B across 2,480 grants in 2025 (avg $525K), mostly in New York. 17% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,302,881,454
- +352.9% vs 2024
- Grants made (2025)
- 2,480
- -47.4% vs 2024
- Average grant
- $525,355
- +761.7% vs 2024
- Median grant
- $15,250
- New grantees (estimate)
- 17% first-time grantees (413 of 2,449, 2025)
- Primary geography
- New York (91% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Ayco Charitable Foundation
- Contact
Mailing address: 100 Coliseum Drive, Cohoes, NY 12047
Phone: (800) 335-5353
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Ayco Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was GS Donor Advised Philanthropy Fund ($1.2B). Together the top 10 received $1.2B.
Grant Size Distribution
19,272 grants across all recorded years
The most common grant size was under $50K: 15,276 grants of 19,272 (79%).
Geographic Focus
Where this funder awards grants
In the 2025 grant records, New York accounted for 91% of grant dollars. Pennsylvania, California, Texas, and Montana each accounted for 1%. The listed recipients also include organizations in other states.
Grant Distribution by State
Share of 2025 grant dollars across all 2,480 itemized grants.
States
Cities
Is The Ayco Charitable Foundation open to new grantees?
17%
first-time grantees, 2025
In 2025, 413 of 2,449 grantees (17%) were first-time recipients. First grants averaged $59K; repeat grants $628K. How we count
Medians: $10K first-time, $18K repeat.
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $216.7M (2022) to $1.3B (2025). In 2025 it made 2,480 grants totaling $1.3B.
*2020: Covers 18 months (fiscal year-end changed).
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| GS Donor Advised Philanthropy Fund New York, NY | MERGER | $1,162,195,533 |
| GS Donor Advised Philanthropy Fund for Wealth Mana New York, NY | Community & Human Services | $9,558,646 |
| National Philanthropic Tr Jenkintown, PA | Community & Human Services | $8,324,538 |
| Montana Technological University Foundation Butte, MT | Colleges and Universities | $8,240,000 |
| University of North Carolina at Asheville Foundati Asheville, NC | Colleges and Universities | $4,269,140 |
| University of California San Francisco Foundation San Francisco, CA | Colleges and Universities | $1,501,000 |
| Illinois Wesleyan University Bloomington, IL | Colleges and Universities | $1,010,000 |
| Marietta College Marietta, OH | Special Education Funding | $1,000,000 |
| Orange County Sheriffs Advisory Council Santa Ana, CA | Public Service | $1,000,000 |
| The George and Barbara Bush Foundation College Sta, TX | Public Service | $1,000,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | — | $111,086,243 | $1,312,953,254 | $1,302,881,454 | 2,480 | $20,738,697 |
| 2024 | $1,167,774,000 | $406,088,725 | $305,238,000 | $287,690,130 | 4,719 | $88,302,839 |
| 2023 | $1,047,362,000 | $277,957,756 | $254,830,446 | $238,992,359 | 4,178 | $26,899,033 |
| 2022 | $931,399,000 | $272,944,349 | $232,360,685 | $216,710,498 | 3,942 | $21,270,544 |
| 2021 | $1,031,597,000 | $377,221,382 | $242,557,917 | $226,874,104 | 3,953 | $88,223,525 |
| 2020* | $897,923,000 | $438,206,158 | $367,048,133 | $338,107,488 | 6,124 | $65,710,024 |
*2020: Covers 18 months (fiscal year-end changed).
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission was to encourage and promote philanthropy and charitable giving. Its filing says it made grants primarily to organizations described in Section 170(b)(1)(A) of the Internal Revenue Code.
Its 2025 grant records include support for colleges and universities, community and human services, public service, special education funding, and religious institutions. Among the grantees, Montana Technological University Foundation described its mission as advancing Montana Tech’s teaching, research, and public service; the UNC Asheville Foundation said it secures and distributes private support for UNC Asheville; and the Orange County Sheriffs Advisory Council described its work as supporting the local law enforcement community where government budget constraints limit funding.
Grantmaking
The foundation’s 2025 filing lists 2,480 grants totaling $1,302,881,454. Listed awards ranged from $5,010 to $1,162,195,533, with a median of $15,250. The largest listed grant, $1,162,195,533 to GS Donor Advised Philanthropy Fund, was designated for “MERGER.” Separately, the foundation’s program narrative says it made approximately 2,400 grants totaling approximately $148,904,950 to charitable organizations for the year ended June 30, 2025.
Other large 2025 grants included $9,558,646 to GS Donor Advised Philanthropy Fund for Wealth Management, $8,324,538 to National Philanthropic Trust, and $8,240,000 to Montana Technological University Foundation. The filing also lists $4,269,140 to the University of North Carolina at Asheville Foundation, $1,010,000 to Illinois Wesleyan University, and $1,000,000 each to Marietta College and the Orange County Sheriffs Advisory Council.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Karey Dye as president. Directors listed on that filing are David Golub, John Mastriani, Mae Cavoli, Robert Katz, Deborah Leone, Esta Stecher, Megan Taylor, Jeff Goldenberg, and Abby Joseph Cohen. Esta Stecher is identified as director and chair.
The Ayco Charitable Foundation is led by Karey Dye, President on every filing since 2021; none of the 18 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karey Dye
President
On filings since 2021
1 hr/week
No compensation reported
Esta Stecher
Director & Chair
On filings since 2020
1 hr/week
No compensation reported
David Golub
Director
On filings since 2020
1 hr/week
$4K (2020) → $0 (2025)
John Mastriani
Director
Director & President → Director, 2021
On filings since 2020
1 hr/week
$4K (2020) → $0 (2025)
Deborah Leone
Director
On filings since 2020
1 hr/week
No compensation reported
Mae Cavoli
Director
Director & President → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Megan Taylor
Director
On filings since 2020
1 hr/week
No compensation reported
Robert Katz
Director
On filings since 2020
1 hr/week
No compensation reported
Jeff Goldenberg
Director
On filings since 2021
1 hr/week
No compensation reported
Abby Joseph Cohen
Director
On filings since 2023
1 hr/week
No compensation reported
Brian Desilva
Vice President
On filings since 2020
1 hr/week
No compensation reported
Christopher O'Keefe
Assistant Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Darryl Gold
Secretary
On filings since 2020
2 hrs/week
No compensation reported
Ken Sheinman
Assistant Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Stephanie Jaquez
Vice President
On filings since 2020
1 hr/week
No compensation reported
Tim Corson
Vice President
On filings since 2022
1 hr/week
No compensation reported
Emmett St John
Treasurer
On filings since 2023
0.5 hrs/week
No compensation reported
Thomas Morin
Assistant Treasurer
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (7)
- Former: Jack Harding (2020–2023) — Assistant Treasurer
- Former: Peter Fortner (2020–2023) — Treasurer
- Former: Peter Fahey (2020–2022) — Director
- Former: Jan Smith (2020) — Director
- Former: Lee McElroy (2020) — Director
- Former: Peter Heerwagen (2020) — Director & Treasurer
- Former: Robert Fritz (2020) — Director & Chair
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.
Compensation Overview
No officer or director reported compensation in the available filings.
Frequently asked questions about The Ayco Charitable Foundation
How much does The Ayco Charitable Foundation give each year?
The Ayco Charitable Foundation gave $1.3B across 2,480 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $287.7M across 4,719 grants.
What is The Ayco Charitable Foundation's typical grant size?
The Ayco Charitable Foundation's median grant in 2025 was $15,250, and its average grant was $525,355, across 2,480 grants on its 2025 IRS Form 990. Organizations receiving their first grant from The Ayco Charitable Foundation that year got $59K on average.
Where does The Ayco Charitable Foundation give grants?
The Ayco Charitable Foundation gives mostly in New York: 91% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were New York, NY (204 grants), Washington, DC (92 grants), Chicago, IL (75 grants) and Houston, TX (47 grants).
Does The Ayco Charitable Foundation give general operating support?
Not in 2025: none of the 2,480 grants with a stated purpose on The Ayco Charitable Foundation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Community & Human Services" (813 grants), "Religious Institutions" (484 grants) and "Arts and Culture" (260 grants).
Who are The Ayco Charitable Foundation's largest grantees?
The Ayco Charitable Foundation's largest 2025 grantees include GS Donor Advised Philanthropy Fund ($1,162,195,533), GS Donor Advised Philanthropy Fund for Wealth Mana ($9,558,646) and National Philanthropic Tr ($8,324,538), according to its 2025 IRS Form 990. Together they received 91% of its itemized 2025 grant dollars.
What does The Ayco Charitable Foundation fund?
The foundation’s stated mission was to encourage and promote philanthropy and charitable giving. Its filing says it made grants primarily to organizations described in Section 170(b)(1)(A) of the Internal Revenue Code. See mission & focus areas ↑
How do I apply for a grant from The Ayco Charitable Foundation?
The Ayco Charitable Foundation has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is The Ayco Charitable Foundation's EIN?
The Ayco Charitable Foundation's EIN (Employer Identification Number) is 14-1782466. 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.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 27, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 12, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 5, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2025)
- Updated Form 990 for fiscal year 2020 (received by the IRS October 19, 2021)
- Added Form 990 for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Ayco Charitable Foundation funds
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The Ayco Charitable Foundation down — hundreds of funders to go?