The Blackrock Charitable Foundation
The Blackrock Charitable Foundation is a corporate foundation established in February 2020 and headquartered at 50 Hudson Yards in New York, NY. The foundation is the philanthropic arm of BlackRock, Inc., and operates as a 501(c)(3) organization with tax-exempt status since November 2019.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$212.1M
-6.0% YoY
Annual Giving
$38.1M
+27.1% YoY
Grant Count
43
+38.7% YoY
Avg Grant Size
$886K
-8.4% YoY
Mission & Focus Areas
The foundation focuses on helping low- to moderate-income households achieve economic mobility and financial resiliency through access to jobs with higher earning potential and tools to build savings.
Primary funding priorities include:
- Economic Mobility & Workforce Development – Supporting job training and career advancement programs
- Jobs and Economic Mobility
- Savings and Financial Resiliency
- COVID-19 Relief and Recovery – Including food security initiatives
- Community Employee Engagement
- Education and Philanthropy
- Climate Change and Clean Energy Transition
Grantmaking
The foundation operates on an invitation-only basis with no public application process. Grantmaking occurs primarily through signature initiatives and strategic partnerships rather than open grant competitions.
Grant Range
s:**
Average Grant
amount: approximately $200,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in the United States, with particular focus on:
- New York
- Washington, DC
- California
- Kentucky
- United Kingdom
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $212,082,696
- Total revenues: $17,618,576
- Total expenses: $39,072,013
Assets & Revenue (2023):
- Total assets: approximately $225.6 million
- Annual giving: $30.7 million
Assets & Revenue (2021):
- Total assets: $304.9 million
- Total revenue: $10.7 million
- Total investments: $300.3 million
Endowment Origin: The foundation was established with an initial endowment of 15.6 million shares of PennyMac Financial Services, valued at approximately $589 million at the time of establishment.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $212,082,696 | $225,613,681 | $224,437,151 |
| Revenue | $17,618,576 | $21,129,718 | $2,619,994 |
| Expenses | $39,072,013 | $31,731,293 | $33,392,992 |
| Qualifying Distributions | $38,664,227 | $30,748,073 | $32,420,991 |
| Net Investment Income | $17,952,950 | $21,036,025 | $5,706,668 |
| Distributable Amount | $10,413,861 | $11,051,175 | $11,719,608 |
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
132 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Board and Key Personnel:
- John Kelly – Chair & Director
- Claire Chamberlain – Co-President; President (beginning March 1, 2024); Managing Director of BlackRock's Social Impact team
- Gemma Gooch – Co-President (through February 29, 2024)
- Brenda Schulz – Secretary
- Jasrine Liju – Treasurer
- Thomas Donilon – Director
- Robert Kapito – Director
- Mark McCombe – Director
The foundation is staffed with dedicated paid personnel based on reported board members and key employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN KELLY | CHAIR & DIRECTOR | 2 | — |
| CLAIRE CHAMBERLAIN | CO-PRESIDENT, PRESIDENT(BEG. 3/1/2024) | 24 | — |
| GEMMA GOOCH THROUGH 2292024 | CO-PRESIDENT | 34.67 | — |
| BRENDA SCHULZ | SECRETARY | 5 | — |
| JASRINE LIJU | TREASURER | 25 | — |
| ANNE ACKERLEY THROUGH 712024 | DIRECTOR | 0.07 | — |
| JIM BADENHAUSEN THROUGH 412024 | DIRECTOR | 0.12 | — |
| STEPHEN COHEN THROUGH 7112024 | DIRECTOR | 0.06 | — |
| THOMAS DONILON | DIRECTOR | 0.04 | — |
| ROBERT KAPITO | DIRECTOR | 0.04 | — |
| MARK MCCOMBE | DIRECTOR | 0.04 | — |
| CAROLINE HELLER | DIRECTOR | 0.04 | — |
| MICHELLE GADSDEN-WILLIAMS AS OF 38 | DIRECTOR | 0.02 | — |
| SARAH MELVIN AS OF 7112024 | DIRECTOR | 0.01 | — |
Recent News & Activity
Recent developments and announcements
The foundation awarded $3.75 million to NYC Kids RISE to support college savings programs (2025)
The BlackRock Foundation Awards $3.75 Million Grant to NYC Kids RISE - NYCThe foundation committed $1.5 million to Partners for Rural Impact
The BlackRock Foundation Awards $3.75 Million Grant to NYC Kids RISE - NYCThe foundation awarded $1.5 million for educator training initiatives
The BlackRock Foundation Awards $3.75 Million Grant to NYC Kids RISE - NYCAs of May 2025, the foundation has provided over $10 million in grants specifically focused on economic mobility initiatives
The BlackRock Foundation Awards $3.75 Million Grant to NYC Kids RISE - NYCThe foundation made a $100 million commitment to Breakthrough Energy Catalyst, representing the largest grant since its creation
The BlackRock Foundation Awards $3.75 Million Grant to NYC Kids RISE - NYCSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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