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
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
No grants recorded for .
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, bolstersRelated Funders
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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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