W P Carey Foundation Inc
The W. P. Carey Foundation is a private U.S. foundation founded in 1990 by Wm. Polk Carey. Based in New York, NY, the Foundation operates with a giving philosophy inspired by the Carey family's legacy of educational leadership and philanthropy. The Foundation's primary mission is to support educational institutions with the larger goal of improving America's competitiveness in the world.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$513.7M
-2.7% YoY
Annual Giving
$24.6M
-2.4% YoY
Grant Count
141
-2.1% YoY
Avg Grant Size
$174K
-0.3% YoY
Under IRS private-foundation payout rules, W P Carey Foundation Inc reported a distributable amount of $25.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's core philosophy is expressed through two principles: "Investing for the Long Run®"—a belief in the power of long-term thinking—and "Doing Good While Doing Well®"—a deep commitment to helping others.
The Foundation directs its support to results-driven institutions with track records of demonstrable success and exceptional leadership. The majority of giving is directed to organizations with longstanding ties to the Carey family.
Primary funding areas include:
- Business and Legal Education: Support focused on student and faculty recruitment, interdisciplinary degrees, and career guidance
- Primary and Secondary Education: Main focus on admissions and college guidance at K-12 schools
- Community Support: Support for hospitals, cultural institutions, and other organizations
Grantmaking
The Foundation has granted nearly $450 million to hundreds of institutions since its founding in 1990.
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Geographic Focus
Where this funder awards grants
The Foundation's grant-making focuses primarily on New York, Pennsylvania, and Maryland, with notable recent activity in Arizona.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total Assets: $513,685,071
- Total Revenues: $18,217,797
- Total Expenses: $26,877,635
- Total Giving: $24,564,331
As of December 31, 2023:
- Total Assets: $528,000,000
- Total Revenues: $24,293,093
- Total Expenses: $27,300,000
The Foundation maintains zero liabilities and operates with one full-time employee on staff.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $513,685,071 | $527,928,410 | $541,039,202 |
| Revenue | $18,217,797 | $24,293,093 | $21,024,156 |
| Expenses | $26,877,635 | $27,296,298 | $29,611,174 |
| Qualifying Distributions | $25,025,595 | $25,576,522 | $28,032,836 |
| Net Investment Income | $16,589,757 | $23,043,972 | $19,744,818 |
| Distributable Amount | $25,524,113 | $25,564,593 | $27,628,394 |
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
Among its reported 2024 grants, the largest include Arizona State University ($5,000,000), Gilman School ($527,095), Calvert School ($526,650).
| Recipient | Purpose | Amount |
|---|---|---|
| ADAPTIVE SPORTS FOUNDATION WINDHAM, NY | CHARITABLE | $1,000 |
| ALEXANDRIA HOUSE ANGELES, CA | CHARITABLE | $4,000 |
| AMERICAN ENTERPRISE INSTITUTE WASHINGTON, DC | CHARITABLE | $25,000 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | CHARITABLE | $103 |
| AMERICAN PARKINSON DISEASE ASSOCIATION ISLAND, NY | CHARITABLE | $250 |
| AMERICAN RED CROSS - LOS ANGELES ANGELES, CA | CHARITABLE | $6,000 |
| ARIZONA STATE UNIVERSITY TEMPE, AZ | CHARITABLE | $5,000,000 |
| BACK ON MY FEET PHILADELPHIA, PA | CHARITABLE | $100 |
| BALTIMORE COMMUNITY FOUNDATION BALTIMORE, MD | CHARITABLE | $5,000 |
| BALTIMORE EDUCATIONAL SCHOLARSHIP TRUST BALTIMORE, MD | CHARITABLE | $2,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Juliana K. Harris: Executive Director ($170,000 compensation)
- Zachary J. Pack: Chief Operating Officer
- John D. Miller: Chief Investment Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM P CAREY II | PRESIDENT/CHAIRMAN/TRUSTEE | 6.5 | — |
| ZACHARY J PACK | CHIEF OPERATING OFFICER/DIRECTOR | 1 | — |
| JOHN D MILLER | DIRECTOR | 2 | — |
| JULIANA K HARRIS | SECRETARY/EXEC DIRECTOR/ASSI TREASURER | 35 | $210,000 |
| RYAN WILLSMORE | TREASURER | 10 | — |
| JOHN SAMUEL ARMSTRONG IV | TRUSTEE | 0.5 | — |
| GWENDOLEN G BOND | TRUSTEE | 0.5 | — |
| JASON E FOX | TRUSTEE | 0.5 | — |
| MICHAEL H CARPENTER | TRUSTEE | 0.5 | — |
| JOHN J PARK | TRUSTEE | 1 | — |
| A PATTERSON PENDLETON III | TRUSTEE | 0.5 | — |
| WILLIAM BAST | DIRECTOR | 0.5 | — |
| RODNEY C BODEN | DIRECTOR | 0.5 | — |
| CHARLOTTE H CAREY | DIRECTOR | 0.5 | — |
| EMILY N CAREY | DIRECTOR | 0.5 | — |
| J MEADE CAREY | DIRECTOR | 0.5 | — |
| LAURA G CAREY | DIRECTOR | 0.5 | — |
| SUSAN C HYDE | DIRECTOR | 0.5 | — |
| FRANCES W MACMASTER | DIRECTOR | 0.5 | — |
| DONALD F MACMASTER JR | DIRECTOR | 0.5 | — |
| DOUGLAS S PARVIS | DIRECTOR | 0.5 | — |
| JUSTIN B PATTERSON | DIRECTOR | 0.5 | — |
| MARJORIE B TOMPKINS | DIRECTOR | 0.5 | — |
| RICARDO A VASQUEZ | DIRECTOR | 0.5 | — |
Recent News & Activity
Recent developments and announcements
In 2024, the W. P. Carey Foundation committed $25 million to Arizona State University's W. P. Carey School of Business to bolster the real estate education program. This significant grant demonstrates the Foundation's continued commitment to business education and represents a major recent philanthropic initiative.
W. P. Carey Foundation commits $25 million to ASU business school, bolstersFrequently Asked Questions
What does W P Carey Foundation Inc fund?
The Foundation's core philosophy is expressed through two principles: "Investing for the Long Run®"—a belief in the power of long-term thinking—and "Doing Good While Doing Well®"—a deep commitment to helping others. The Foundation directs its support to results-driven institutions with track records of demonstrable success and exceptional leadership. The majority of giving is directed to organizations with longstanding ties to the Carey family. Primary funding areas include: • **Business and Le…
How do I apply for a grant from W P Carey Foundation Inc?
The Foundation has granted nearly $450 million to hundreds of institutions since its founding in 1990. **Recent Grant Activity:** • University of Pennsylvania: $7,500,000 (2024) • Philadelphia Zoo: $1,002,500 (2024) • Gilman School: $527,095 (2024) • Arizona State University (W. P. Carey School of Business): $25,000,000 (2024) **Grant Characteristics:** Typical award ranges are $100–$10,009,999. The Foundation has made over 105 grants in recent filing periods.
Where does W P Carey Foundation Inc make grants?
The Foundation's grant-making focuses primarily on New York, Pennsylvania, and Maryland, with notable recent activity in Arizona.
What size grants does W P Carey Foundation Inc award?
In 2024, W P Carey Foundation Inc awarded 141 grants totaling $24.6M — an average of about $174K per grant, based on its IRS Form 990 filings.
How much is W P Carey Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, W P Carey Foundation Inc reported a distributable amount of $25.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is W P Carey Foundation Inc's EIN?
W P Carey Foundation Inc's EIN (Employer Identification Number) is 13-3597510. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in W P Carey Foundation Inc'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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