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

The Carl C Icahn Foundation

SUNNY ISLES BEACH, FL EIN: 13-3913393

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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.

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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

-17.6% YoY

Avg Grant Size

$312K

+985.7% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

Florida $5.0M (54%)

New York $3.4M (37%)

Louisiana $350K (4%)

Virginia $250K (3%)

New Jersey $180K (2%)

District of Columbia $40K (0%)

Connecticut $5K (0%)

Pennsylvania $2K (0%)

+1 more states

States

Connecticut District of Columbia Florida Kentucky Louisiana New Jersey New York Pennsylvania Virginia

Cities

Atlantic CityBossier CityBronxCoral GablesEast HamptonLexingtonMiamiNew YorkNorfolkPattersonPhiladelphiaRyeSouthamptonSunny Isles BeachTroyWashingtonWatertownWest Orange

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

No grants recorded for .

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 Million

Support 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 Million