The Weill Family Foundation
The Weill Family Foundation is a private family foundation established around 1967 and based in Albany, New York. Founded by Sanford I. Weill, former CEO and Chairman of Citigroup Inc. (serving as CEO until 2003 and Chairman until 2006), the foundation represents one of the most significant private philanthropies in the United States. The foundation operates as the philanthropic vehicle of Sanford I. Weill and Joan Weill.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$868K
+29.0% YoY
Annual Giving
$235K
+54.8% YoY
Grant Count
95
+35.7% YoY
Avg Grant Size
$2K
+14.1% YoY
Mission & Focus Areas
The foundation focuses on three core areas: arts and culture, education, and health. The foundation emphasizes long-term institutional partnerships rather than broad grant distribution.
Grantmaking
The Weill Family Foundation does not accept unsolicited grant applications. The foundation works exclusively with preselected charitable organizations through trustee discretion, operating on an invitation-only basis with no public application process.
Grant Range
** $500,000 to $100 million
Average Grant
** $1.2 million to $1.96 million
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation distributes funding across multiple U.S. states with a national focus. Primary funding regions include New York, Michigan, Florida, Alabama, and the District of Columbia. The foundation has supported organizations in California, New York, and Michigan, which account for 76% of all grants. Grantmaking reaches organizations across 8 states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $359.5 million to $390.2 million (as of 2023-2024)
- Annual Income: $256.5 million
- Annual Giving: $19.6 million to $36.2 million
- Asset Growth: Total assets have grown from $54.5 million in 2011 to $390.2 million in 2024
Tax records are available from 2015 to 2024. Contributions to the foundation are tax-deductible.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $868,000 | $673,052 | $548,456 |
| Revenue | $199,653 | $171,258 | $78,339 |
| Expenses | $235,026 | $151,852 | $165,039 |
| Qualifying Distributions | $234,725 | $151,640 | $164,820 |
| Net Investment Income | $199,452 | $7,268 | $8,587 |
| Distributable Amount | $35,042 | $29,979 | $34,633 |
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
250 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 Members and Officers:
- Sanford Weill — Chairman, Treasurer, Director
- Joan Weill — President, Director
- Michael Masin — Secretary, Director
- Jessica Bibliowicz — Director
- Arthur Mahon — Assistant Secretary, Assistant Treasurer, Director
- Tommy Bibliowicz — Director
- David Bibliowicz — Director
- Michael Freedman — Chief Investment Officer, Director
- Marc Weill — Director
- Viju Rajan — Director, Audit Committee
The foundation is governed by 10 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Theodore Weill | Trustee | 2 | — |
| Dawn Weill | Trustee | 2 | — |
Recent News & Activity
Recent developments and announcements
**2025:** The Weill Family Foundation announced a $50 million gift to establish the Weill Cancer Hub East, in partnership with Weill Cornell Medicine.
$50 Million Gift from the Weill Family Foundation Establishes the ...**2025:** The foundation contributed to a $200 million initiative for the Weill Cancer Hub West in partnership with Stanford Medicine.
$50 Million Gift from the Weill Family Foundation Establishes the ...Subject 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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