The Carl C Icahn Foundation
The Carl C Icahn Foundation is a private foundation based in Sunny Isles Beach, Florida. Its 2024 filing reports grants to charitable organizations, including schools, a university, and a medical research foundation, for purposes such as scholarships, general support, and breast cancer research.
The Carl C Icahn Foundation at a glance
In short: The Carl C Icahn Foundation gave $4.4M across 14 grants in 2024 (avg $312K), mostly in Florida. 21% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,369,808
- +794.1% vs 2023
- Grants made (2024)
- 14
- -17.6% vs 2023
- Average grant
- $312,129
- +985.7% vs 2023
- Median grant
- $10,075
- Total assets
- $138,058,193
- -1.4% vs 2023
- New grantees (estimate)
- 21% first-time grantees (3 of 14, 2024; small sample)
- Primary geography
- Florida (96% 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 Carl C Icahn 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 for funds.
- Contact
Mailing address: 16690 Collins Avenue 12Th Floor, Sunny Isles Beach, FL 33160
Phone: (305) 422-4100
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Carl C Icahn Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Ipaw Inc ($4.0M). Together the top 10 received $4.4M.
Organizations only. It also paid 1 individual scholarship ($15,153), which are not listed by name.
Grant Size Distribution
64 grants across all recorded years
The most common grant size was under $50K: 51 grants of 64 (80%).
Geographic Focus
Where this funder awards grants
In 2024, 96% of grant dollars went to recipients in Florida and 4% to recipients in New York. The filing also lists Connecticut as 0% of grant dollars.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
Is The Carl C Icahn Foundation open to new grantees?
21%
first-time grantees, 2024
In 2024, 3 of 14 grantees (21%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $60K; repeat grants $381K. How we count
Medians: $80K first-time, $8K repeat.
- 79% of 2024 grantees were also funded in 2023. Method
- Giving grew 1187% from 2021 to 2024. Method
- In 2024 it paid out 68% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $339K (2021) to $4.4M (2024). In 2024 it made 14 grants totaling $4.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ipaw Inc Sunny Isles Beach, FL | General Support | $4,000,000 |
| Fordham Preparatory School Bronx, NY | Scholarship | $110,000 |
| University of Miami Coral Gables, FL | General Support | $100,000 |
| The Icahn Medical Research Foundation Sunny Isles Beach, FL | General Support | $80,000 |
| Academy of Mount St Ursula Bronx, NY | Scholarship | $25,600 |
| 1 individual scholarship Recipients not named | — | $15,153 |
| Dominican Academy of the City of New York New York, NY | Scholarship | $12,150 |
| St Catharine Academy Bronx, NY | Scholarship | $8,000 |
| St Raymond Academy Bronx, NY | Scholarship | $7,400 |
| Breast Cancer Research Foundation New York, NY | Breast Cancer Research | $5,000 |
Ready to take the next step with The Carl C Icahn Foundation?
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 | $138,058,193 | $4,662,042 | $4,541,558 | $4,369,808 | 14 | $4,419,558 | $4,662,042 | $6,532,828 |
| 2023 | $140,013,372 | $3,944,453 | $564,812 | $488,748 | 17 | $532,204 | $3,944,345 | $6,815,862 |
| 2022 | $147,590,379 | $1,024,944 | $1,106,919 | $952,190 | 15 | $982,510 | $7,982,738 | $7,256,876 |
| 2021 | $149,153,785 | $353,231 | $335,418 | $339,450 | 14 | $368,470 | — | $7,555,403 |
| 2020 | $149,453,585 | $25,729,322 | $3,289,136 | $3,077,000 | 4 | — | — | $6,460,004 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for educational institutions, medical research, and other charitable organizations. The University of Miami describes itself as a comprehensive research university with programs in medicine, business, marine and atmospheric sciences, and graduate education. The Icahn Medical Research Foundation says its mission is to conduct medical research with hospitals to develop or verify knowledge related to disease. An individual recipient Day School describes itself as a coeducational college preparatory school serving students from pre-kindergarten through grade 12.
Grantmaking
In 2024, the foundation reported 14 grants totaling $4,369,808. Grant amounts ranged from $480 to $4,000,000, with a median of $10,075. The largest reported grants included $4,000,000 to IPAW Inc. for general support, $110,000 to Fordham Preparatory School for scholarships, $100,000 to the University of Miami for general support, and $80,000 to the Icahn Medical Research Foundation for general support. Other reported grants included $25,600 to the Academy of Mount St Ursula for scholarships and $5,000 to the Breast Cancer Research Foundation for breast cancer research.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Carl C Icahn as president and director; Gail Golden-Icahn as vice president and director; and Rowella Asuncion-Gumabong as vice president, treasurer, and secretary. Susan Gordon is listed as secretary through July 2024.
The Carl C Icahn Foundation is led by Carl C. Icahn, President & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Carl C. Icahn
President & Director
On filings since 2020
1 hr/week
No compensation reported
Gail Golden-Icahn
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Susan Gordon
Secretary
On filings since 2020
1 hr/week
No compensation reported
Rowella Asuncion-Gumabong
Vice President, Treasurer & Secretary
Vice President & Treasurer → Vice President, Treasurer & Secretary, 2024
On filings since 2021
1 hr/week
No compensation reported
Former officers (4)
- Former: Irene March (2020–2022) — Vice President & Treasurer
- Former: Keith Cozza (2020–2021) — President of Dre
- Former: Hunter Gary (2021) — Secretary of Dre
- Former: Jesse Lynn (2021) — Vice President of Disregarded Entity
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 Carl C Icahn Foundation
How much does The Carl C Icahn Foundation give each year?
The Carl C Icahn Foundation gave $4.4M across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $489K across 17 grants.
What is The Carl C Icahn Foundation's typical grant size?
The Carl C Icahn Foundation's median grant in 2024 was $10,075, and its average grant was $312,129, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Carl C Icahn Foundation that year got $60K on average.
Where does The Carl C Icahn Foundation give grants?
The Carl C Icahn Foundation gives mostly in Florida: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (5 grants), Bronx, NY (4 grants) and Sunny Isles Beach, FL (2 grants).
Does The Carl C Icahn Foundation give general operating support?
Yes: 36% of The Carl C Icahn Foundation's 2024 grants with a stated purpose (5 of 14) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarship" (8 grants).
Who are The Carl C Icahn Foundation's largest grantees?
The Carl C Icahn Foundation's largest 2024 grantees include Ipaw Inc ($4,000,000), Fordham Preparatory School ($110,000) and University of Miami ($100,000), according to its 2024 IRS Form 990-PF. It also paid 1 individual scholarship ($15,153), which are not listed by name. Together they received 96% of its itemized 2024 grant dollars.
How large is The Carl C Icahn Foundation?
The Carl C Icahn Foundation reported $138.1M in total assets on its 2024 IRS Form 990-PF. It paid out $4.4M in qualifying distributions that year, against a required minimum of $6.5M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The Carl C Icahn Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for educational institutions, medical research, and other charitable organizations. See mission & focus areas ↑
How do I apply for a grant from The Carl C Icahn Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Carl C Icahn 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 October 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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Cite this profile
Grantable. (2026). The Carl C Icahn Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/the-carl-c-icahn-foundation-morg_c758ca24150b4b7bbf5a98ea6f071bb3
BibTeX
@misc{grantable_133913393_2026,
author = {{Grantable}},
title = {{The Carl C Icahn Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-carl-c-icahn-foundation-morg_c758ca24150b4b7bbf5a98ea6f071bb3},
note = {Accessed 2026-10-15. 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 Carl C Icahn 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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