The Blackstone Charitable Foundation
The Blackstone Charitable Foundation is a private foundation based in New York, New York. It says it uses Blackstone’s financial and human capital to foster career and economic mobility, bridge opportunity gaps, and strengthen communities.
The Blackstone Charitable Foundation at a glance
In short: The Blackstone Charitable Foundation gave $21.1M across 167 grants in 2024 (avg $126K), top state New York. 28% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $21,084,119
- -11.1% vs 2023
- Grants made (2024)
- 167
- +21.0% vs 2023
- Average grant
- $126,252
- -26.5% vs 2023
- Median grant
- $75,000
- Total assets
- $142,024,876
- +5.2% vs 2023
- New grantees (estimate)
- 28% first-time grantees (38 of 134, 2024)
- Primary geography
- New York (38% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Blackstone Charitable Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The Foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 345 Park Avenue, New York, NY 10154
Phone: (212) 583-5000
Website: https://blackstone.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Blackstone Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Charities Aid Foundation America DBA CAF America ($3.1M across 10 grants). Together the top 10 received $9.4M.
Organizations only. It also paid 1 grant to individuals ($10,000), which are not listed by name.
Grant Size Distribution
800 grants across all recorded years
The most common grant size was under $50K: 408 grants of 800 (51%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars by recipient state were distributed as follows: New York, 38%; Virginia, 15%; Massachusetts, 9%; Florida, 8%; and Texas, 7%.
Grant Distribution by State
Share of 2024 grant dollars across all 167 itemized grants.
States
Cities
Is The Blackstone Charitable Foundation open to new grantees?
28%
first-time grantees, 2024
In 2024, 38 of 134 grantees (28%) were first-time recipients. First grants averaged $145K; repeat grants $162K. How we count
Medians: $78K first-time, $75K repeat.
- 68% of 2024 grantees were also funded in 2023. Method
- Giving grew 87% from 2021 to 2024. Method
- In 2024 it paid out 353% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2024, annual grant giving ranged from $11.2M (2021) to $23.7M (2023). In 2024 it made 167 grants totaling $21.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Research Foundation of the City University of New York New York, NY | Programmatic Support for Launchpad | $1,286,292 |
| Year up Inc Boston, MA | General Grant | $1,000,000 |
| Charities Aid Foundation America DBA CAF America Alexandria, VA | General Grant | $900,000 |
| Charities Aid Foundation America DBA CAF America Alexandria, VA | General Grant | $750,000 |
| Arizona State University Foundation Tempe, AZ | Programmatic Support for Launchpad | $683,334 |
| University of Central Florida Foundation Inc Orlando, FL | Programmatic Support for Launchpad | $633,000 |
| Charities Aid Foundation America DBA CAF America Alexandria, VA | General Grant | $550,000 |
| Jobs for the Future Inc Boston, MA | Programmatic Support for Launchpad | $539,584 |
| The University of Texas at Austin Austin, TX | Programmatic Support for Launchpad | $530,000 |
| Per Scholas The Bronx, NY | General Grant | $500,000 |
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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 | $142,024,876 | $18,104,838 | $20,524,677 | $21,084,119 | 167 | $21,513,003 | $15,733,532 | $6,092,871 |
| 2023 | $135,020,423 | $14,950,236 | $24,535,320 | $23,704,795 | 138 | $24,335,713 | $12,606,663 | $5,681,989 |
| 2022 | $132,078,578 | $22,396,641 | $16,669,834 | $17,277,390 | 131 | $17,809,780 | $7,361,804 | $7,635,184 |
| 2021 | $141,651,293 | $22,568,243 | $25,688,485 | $11,246,566 | 190 | — | $5,412,972 | $5,510,295 |
| 2020 | $102,245,133 | $4,248,129 | $23,722,884 | $19,993,486 | 174 | — | $2,906,398 | $5,187,298 |
Under IRS private-foundation payout rules, The Blackstone Charitable Foundation reported a distributable amount of $6.1M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation states a commitment to fostering career and economic mobility and supporting initiatives that bridge opportunity gaps and strengthen communities. Its 2024 grants included programmatic support for LaunchPad and grants designated as general grants.
Among the supported organizations, Year Up describes its mission as helping young adults gain skills, experience, and support for careers and higher education. Jobs for the Future says it works to transform education and workforce systems to drive economic success. Per Scholas describes its work as advancing economic mobility through training, professional development, and employer connections. HBCU Founders Initiative says it supports women and minorities pursuing entrepreneurship; Startup Vegas says it builds a sustainable startup ecosystem; and DIVINC describes its mission as generating social and economic equity through entrepreneurship.
Grantmaking
In 2024, the Foundation reported 167 grants totaling $21,084,119. Grant amounts ranged from $5,000 to $1,286,292, with a median of $75,000.
Among the largest 2024 grants were $1,286,292 to the Research Foundation of the City University of New York for programmatic support for LaunchPad; $1,000,000 to Year Up Inc. as a general grant; $900,000 and $750,000 to Charities Aid Foundation America as general grants; and $683,334 to Arizona State University Foundation for programmatic support for LaunchPad. Other notable awards included $633,000 to the University of Central Florida Foundation for LaunchPad, $539,584 to Jobs for the Future for LaunchPad, and $500,000 to Per Scholas as a general grant.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Verdun S. Perry as board chair and director; Sean Klimczak as president and director; Brian Gavin as treasurer and director; and Tabea Hsi as secretary and director. It also lists Christine Anderson, Beth Chartoff, Christopher James, Vincent Letteri, Eric Liaw, and Kathleen McCarthy as directors. Beth Chartoff’s service is listed through September 2024, and Vincent Letteri’s through December 2024.
The Foundation’s website identifies Maura Pally as its executive director.
The Blackstone Charitable Foundation is led by Sean Klimczak, President & Director on every filing since 2020; none of the 20 officers listed in 2024 report compensation.
Officers on the 2024 filing
Sean Klimczak
President & Director
On filings since 2020
1 hr/week
No compensation reported
Maura Pally
Executive Director
On filings since 2022
40 hrs/week
No compensation reported
Verdun S. Perry
Board Chair & Director
Director → Board Chair & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Brian Gavin
Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Christine Anderson
Director
On filings since 2020
1 hr/week
No compensation reported
Kathleen McCarthy
Director
On filings since 2020
1 hr/week
No compensation reported
Paige Ross
Director
On filings since 2020
1 hr/week
No compensation reported
Vik Sawhney
Director
On filings since 2020
1 hr/week
No compensation reported
Eric Liaw
Director
On filings since 2021
1 hr/week
No compensation reported
John Stecher
Director
On filings since 2021
1 hr/week
No compensation reported
Tabea Hsi
Secretary & Director
Director → Secretary & Director, 2022
On filings since 2021
1 hr/week
No compensation reported
Vincent Letteri
Director
On filings since 2021
1 hr/week
No compensation reported
Aj Murphy
Director
On filings since 2023
1 hr/week
No compensation reported
Beth Chartoff
Director
On filings since 2023
1 hr/week
No compensation reported
Christopher James
Director
On filings since 2023
1 hr/week
No compensation reported
Kiran Reddy
Director
On filings since 2023
1 hr/week
No compensation reported
Todd Myers
Director
On filings since 2023
1 hr/week
No compensation reported
Ida Hoghooghi
Director
New on the 2024 filing
1 hr/week
No compensation reported
Robin Goodman
Director
New on the 2024 filing
1 hr/week
No compensation reported
Tom Nides
Director
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (12)
- Former: Robert Ramsauer To (2023) — Director
- Former: David Blitzer (2020–2022) — Director
- Former: Dwight Scott (2021–2022) — Director
- Former: Nicholas Galakatos (2021–2022) — Director
- Former: Robert Ramsauer (2021–2022) — Director
- Former: Amy Stursberg Chair (2022) — Chair of the Board & Director · Filing note: As of 22022
- Former: Joan Solotar To (2022) — Chair of the Board & Director
- Former: Amy Stursberg (2020–2021) — Executive Director
- Former: Joan Solotar (2020–2021) — Chair of the Board & Director
- Former: John McCormick (2020–2021) — Secretary & Director
- Former: Bill Murphy (2020) — Director
- Former: Matthew Skurbe (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 The Blackstone Charitable Foundation
How much does The Blackstone Charitable Foundation give each year?
The Blackstone Charitable Foundation gave $21.1M across 167 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $23.7M across 138 grants.
What is The Blackstone Charitable Foundation's typical grant size?
The Blackstone Charitable Foundation's median grant in 2024 was $75,000, and its average grant was $126,252, across 167 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Blackstone Charitable Foundation that year got $145K on average.
Where does The Blackstone Charitable Foundation give grants?
The Blackstone Charitable Foundation's top state is New York, with 38% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (15%) and Massachusetts (9%). The most frequent recipient cities were New York, NY (65 grants), Alexandria, VA (11 grants), Washington, DC (7 grants) and Boston, MA (5 grants).
Does The Blackstone Charitable Foundation give general operating support?
Yes: 63% of The Blackstone Charitable Foundation's 2024 grants with a stated purpose (106 of 167) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Programmatic Support for Launchpad" (61 grants).
Who are The Blackstone Charitable Foundation's largest grantees?
The Blackstone Charitable Foundation's largest 2024 grantees include Charities Aid Foundation America DBA CAF America ($3,055,000 across 10 grants), Research Foundation of the City University of New York ($1,286,292) and Year up Inc ($1,000,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($10,000), which are not listed by name. Together they received 25% of its itemized 2024 grant dollars.
How large is The Blackstone Charitable Foundation?
The Blackstone Charitable Foundation reported $142.0M in total assets on its 2024 IRS Form 990-PF. It paid out $21.5M in qualifying distributions that year, against a required minimum of $6.1M (roughly 5% of its investment assets).
What does The Blackstone Charitable Foundation fund?
The Foundation states a commitment to fostering career and economic mobility and supporting initiatives that bridge opportunity gaps and strengthen communities. Its 2024 grants included programmatic support for LaunchPad and grants designated as general grants. See mission & focus areas ↑
How do I apply for a grant from The Blackstone Charitable Foundation?
The Foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Blackstone Charitable Foundation's EIN?
The Blackstone Charitable Foundation's EIN (Employer Identification Number) is 26-0462996. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Blackstone Charitable Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in The Blackstone Charitable Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Blackstone Charitable Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-blackstone-charitable-foundation-morg_650b2ad0ae7144888aecbc135534c589
BibTeX
@misc{grantable_260462996_2026,
author = {{Grantable}},
title = {{The Blackstone Charitable Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-blackstone-charitable-foundation-morg_650b2ad0ae7144888aecbc135534c589},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Blackstone Charitable Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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