The Carl C Icahn Foundation
The Carl C Icahn Foundation is a private foundation established in 1996 and headquartered in Sunny Isles Beach, Florida. As a 501(c)(3) organization, it has been tax-exempt since March 1997. The foundation operates with a low public profile and does not maintain a website. It is directed by billionaire Carl Icahn and his wife, Gail, and conducts much of its grantmaking in and around New York City, though it supports initiatives across multiple U.S. cities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$138.1M
-1.4% YoY
Annual Giving
$4.4M
+794.1% YoY
Grant Count
14
-17.6% YoY
Avg Grant Size
$312K
+985.7% YoY
Under IRS private-foundation payout rules, The Carl C Icahn Foundation reported a distributable amount of $6.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to provide financial and other forms of assistance and support to students, children and their parents, and low-income families. This assistance includes educational opportunities and other services.
Primary focus areas include:
- Education: Support for educational programs, scholarships, and school facilities
- Child Welfare: Initiatives benefiting children and youth
- Health: Medical education and health-related initiatives
- Economic Support: Assistance for economically disadvantaged and low-income individuals
Grantmaking
The foundation takes a proactive approach to grantmaking and demonstrates a preference for funding organizations that can bear the Icahn name.
Grant Range
$127
Average Grant
$127
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives across multiple U.S. locations, with primary concentration in:
- New York (particularly New York City)
- Florida
- Connecticut
- Washington, D.C.
- Kentucky
- Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $138,058,193
- Total Revenue: $4,662,042
- Total Expenses: $4,541,558
- Number of Employees: 0
As of 2023:
- Total Assets: $140,000,000
- Total Revenue: $3,940,000
- Total Expenses: $565,000
- Total Liabilities: $0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $138,058,193 | $140,013,372 | $147,590,379 |
| Revenue | $4,662,042 | $3,944,453 | $1,024,944 |
| Expenses | $4,541,558 | $564,812 | $1,106,919 |
| Qualifying Distributions | $4,419,558 | $532,204 | $982,510 |
| Net Investment Income | $4,662,042 | $3,944,345 | $7,982,738 |
| Distributable Amount | $6,532,828 | $6,815,862 | $7,256,876 |
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
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ipaw Inc ($4,000,000), Fordham Preparatory School ($110,000), University of Miami ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACADEMY OF MOUNT ST URSULA BRONX, NY | SCHOLARSHIP | $25,600 |
| BREAST CANCER RESEARCH FOUNDATION NEW YORK, NY | BREAST CANCER RESEARCH | $5,000 |
| DOMINICAN ACADEMY OF THE CITY OF NEW YORK NEW YORK, NY | SCHOLARSHIP | $12,150 |
| FORDHAM PREPARATORY SCHOOL BRONX, NY | SCHOLARSHIP | $110,000 |
| IPAW INC SUNNY ISLES BEACH, FL | GENERAL SUPPORT | $4,000,000 |
| LOYOLA SCHOOL NEW YORK, NY | SCHOLARSHIP | $480 |
| NEW YORK SCHOOL OF INTERIOR DESIGN NEW YORK, NY | GENERAL SUPPORT | $1,000 |
| RYE COUNTRY DAY SCHOOL RYE, NY | SCHOLARSHIP | $15,153 |
| ST CATHARINE ACADEMY BRONX, NY | SCHOLARSHIP | $8,000 |
| ST RAYMOND ACADEMY BRONX, NY | SCHOLARSHIP | $7,400 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Carl C. Icahn: President and Director
- Gail Golden-Icahn: Vice President and Director
- Susan Gordon: Secretary
- Rowella Asuncion-Gumabong: Vice President and Treasurer
All key personnel serve voluntarily without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARL C ICAHN | PRESIDENT, DIRECTOR | 1 | — |
| GAIL GOLDEN-ICAHN | VICE PRESIDENT, DIRECTOR | 1 | — |
| ROWELLA ASUNCION-GUMABONG | VP, TREASURER, SECRETARY | 1 | — |
| SUSAN GORDON | SECRETARY (THRU 07/24) | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported significant initiatives including:
Funding for the Icahn School of Medicine at Mount Sinai, including a $200 million pledge to the school
Icahn School of Medicine at Mount Sinai Researchers Awarded $15.1 MillionSupport for medical research, including a $15.1 million grant to Icahn School of Medicine researchers exploring immune rejection of transplanted organs
Icahn School of Medicine at Mount Sinai Researchers Awarded $15.1 MillionScholarships through the "Find Your Drive" program for aspiring automotive technicians
Icahn awards 'Find Your Drive' scholarships to 15 aspiring automotive techsA $20 million gift to Princeton University for a new genomics laboratory
Princeton - News - Icahn Family Foundation Gives $20 Million for New GenomicsFrequently Asked Questions
What does The Carl C Icahn Foundation fund?
The foundation's mission is to provide financial and other forms of assistance and support to students, children and their parents, and low-income families. This assistance includes educational opportunities and other services. Primary focus areas include: • **Education**: Support for educational programs, scholarships, and school facilities • **Child Welfare**: Initiatives benefiting children and youth • **Health**: Medical education and health-related initiatives • **Economic Support**: Assis…
How do I apply for a grant from The Carl C Icahn Foundation?
The foundation takes a proactive approach to grantmaking and demonstrates a preference for funding organizations that can bear the Icahn name. **Recent Grant Activity (2024):** • IPAW: $4,000,000 (General Support) • Fordham Preparatory School: $110,000 (Scholarship) • University of Miami: $100,000 (General Support) **Grant Characteristics:** • Total grants awarded in previous year: 3,565 • Average grant size: $127 • Annual expenses: approximately $565,000 (2023) to $4.5 million (2024) **Notable…
Where does The Carl C Icahn Foundation make grants?
The foundation funds initiatives across multiple U.S. locations, with primary concentration in: • New York (particularly New York City) • Florida • Connecticut • Washington, D.C. • Kentucky • Virginia
What size grants does The Carl C Icahn Foundation award?
In 2024, The Carl C Icahn Foundation awarded 14 grants totaling $4.4M — an average of about $312K per grant, based on its IRS Form 990 filings.
How much is The Carl C Icahn Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carl C Icahn Foundation reported a distributable amount of $6.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Carl C Icahn Foundation's EIN?
The Carl C Icahn Foundation's EIN (Employer Identification Number) is 13-3913393. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Carl C Icahn Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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