W P Carey Foundation Inc
W P Carey Foundation Inc is a private foundation based in New York, NY. Founded in 1990 by Wm. Polk Carey, it primarily supports educational institutions, with the stated larger goal of improving America’s competitiveness in the world.
W P Carey Foundation Inc at a glance
In short: W P Carey Foundation Inc gave $24.6M across 141 grants in 2024 (avg $174K), top state Pennsylvania. 31% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $24,564,331
- -2.4% vs 2023
- Grants made (2024)
- 141
- -2.1% vs 2023
- Average grant
- $174,215
- -0.3% vs 2023
- Median grant
- $5,000
- Total assets
- $513,685,071
- -2.7% vs 2023
- New grantees (estimate)
- 31% first-time grantees (44 of 141, 2024)
- Primary geography
- Pennsylvania (35% 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 W P Carey Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The Foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 395 9Th Ave 58Th Floor, New York, NY 10001
Phone: (212) 492-1108
Website: https://wpcareyfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who W P Carey Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was University of Pennsylvania ($7.5M). Together the top 10 received $23.5M.
Grant Size Distribution
647 grants across all recorded years
The most common grant size was under $50K: 592 grants of 647 (91%).
Geographic Focus
Where this funder awards grants
In 2024, the reported shares of grant dollars by recipient state were Pennsylvania 35%, New York 22%, Arizona 20%, Maryland 19%, and Connecticut 1%.
Grant Distribution by State
Share of 2024 grant dollars across all 141 itemized grants.
States
Cities
Is W P Carey Foundation Inc open to new grantees?
31%
first-time grantees, 2024
In 2024, 44 of 141 grantees (31%) were first-time recipients. First grants averaged $5K; repeat grants $251K. How we count
Medians: $3K first-time, $6K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−13%). Method
- In 2024 it paid out 98% 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 $24.6M (2024) to $28.3M (2021). In 2024 it made 141 grants totaling $24.6M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Pennsylvania Philadelphia, PA | Charitable | $7,500,000 |
| New York Presbyterian Hospital New York, NY | Charitable | $5,107,500 |
| Arizona State University Tempe, AZ | Charitable | $5,000,000 |
| Johns Hopkins University Baltimore, MD | Charitable | $3,500,000 |
| Zoological Society of Philadelphia Philadelphia, PA | Charitable | $1,002,500 |
| Gilman School Baltimore, MD | Charitable | $527,095 |
| Calvert School Baltimore, MD | Charitable | $526,650 |
| Pomfret School Pomfret, CT | Charitable | $250,000 |
| Carey Institute for Global Good Renssealerville, NY | Charitable | $72,500 |
| University of Pennsylvania Medicine Philadelphia, PA | Charitable | $52,356 |
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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 | $513,685,071 | $18,217,797 | $26,877,635 | $24,564,331 | 141 | $25,025,595 | $16,589,757 | $25,524,113 |
| 2023 | $527,928,410 | $24,293,093 | $27,296,298 | $25,170,367 | 144 | $25,576,522 | $23,043,972 | $25,564,593 |
| 2022 | $541,039,202 | $21,024,156 | $29,611,174 | $27,525,761 | 148 | $28,032,836 | $19,744,818 | $27,628,394 |
| 2021 | $607,596,566 | $30,678,359 | $30,418,268 | $28,267,059 | 107 | $28,498,281 | $29,137,372 | $28,680,065 |
| 2020 | $559,503,704 | $24,437,668 | $27,011,343 | $25,241,801 | 107 | — | $23,365,406 | $25,474,394 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s primary mission is to support educational institutions. Its stated focus areas are business and legal education, primary and secondary education, and community support. For business and legal education, it focuses on student and faculty recruitment, interdisciplinary education, and career guidance. For K–12 schools, its main emphasis is admissions and college guidance.
Grantees’ stated missions illustrate the range of organizations supported. Johns Hopkins University describes its mission as educating students, fostering independent research, and bringing the benefits of discovery to the world. Gilman School says it is dedicated to educating boys in mind, body, and spirit, with emphasis on academic excellence, athletics, and aesthetic appreciation. Philadelphia Zoo describes its mission as helping people and animals thrive while supporting wildlife conservation.
Grantmaking
In 2024, the Foundation reported 141 grants totaling $24,564,331. Grant amounts ranged from $100 to $7,500,000, with a median grant of $5,000.
Largest reported grants included $7,500,000 to the University of Pennsylvania, $5,107,500 to New York Presbyterian Hospital, $5,000,000 to Arizona State University, and $3,500,000 to Johns Hopkins University. Other grants included $1,002,500 to the Zoological Society of Philadelphia, $527,095 to Gilman School, $526,650 to Calvert School, and $250,000 to Pomfret School.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists William P. Carey II as president, chairman, and trustee; Zachary J. Pack as chief operating officer and director; John D. Miller as director; Juliana K. Harris as secretary, executive director, and assistant treasurer; and Ryan Willsmore as treasurer. Trustees listed were John Samuel Armstrong IV, Gwendolen G. Bond, Jason E. Fox, Michael H. Carpenter, and John J. Park.
W P Carey Foundation Inc is led by Juliana K. Harris, Secretary, Executive Director & Assi Treasurer on every filing since 2020; 1 of 24 officers listed in 2024 is compensated.
Officers on the 2024 filing
Juliana K. Harris
Secretary, Executive Director & Assi Treasurer
On filings since 2020
35 hrs/week
$120K (2020) → $210K (2024)
William P. Carey II
President, Chairman & Trustee
On filings since 2020
6.5 hrs/week
No compensation reported
A. Patterson Pendleton III
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Charlotte H. Carey
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Donald F. Macmaster Jr.
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Douglas S. Parvis
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Emily N. Carey
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Frances W. Macmaster
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Gwendolen G. Bond
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
J. Meade Carey
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Jason E. Fox
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
John D. Miller
Director
Chief Investment Officer → Director, 2023
On filings since 2020
2 hrs/week
No compensation reported
John J. Park
Trustee
On filings since 2020
1 hr/week
No compensation reported
John Samuel Armstrong IV
Trustee
On filings since 2020
0.5 hrs/week
No compensation reported
Justin B. Patterson
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Laura G. Carey
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Marjorie B. Tompkins
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Michael H. Carpenter
Trustee
Director → Trustee, 2021
On filings since 2020
0.5 hrs/week
No compensation reported
Ricardo A. Vasquez
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Rodney C. Boden
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Susan C. Hyde
Director
On filings since 2020
0.5 hrs/week
No compensation reported
William Bast
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Zachary J. Pack
Chief Operating Officer & Director
Chief Operating Officer → Chief Operating Officer & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Ryan Willsmore
Treasurer
On filings since 2020
10 hrs/week
No compensation reported
Former officers (1)
- Former: Donald F. Macmaster (2020–2021) — Trustee
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $210K, to Juliana K Harris (Secretary/Exec Director/Assi Treasurer).
Frequently asked questions about W P Carey Foundation Inc
How much does W P Carey Foundation Inc give each year?
W P Carey Foundation Inc gave $24.6M across 141 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $25.2M across 144 grants.
What is W P Carey Foundation Inc's typical grant size?
W P Carey Foundation Inc's median grant in 2024 was $5,000, and its average grant was $174,215, across 141 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from W P Carey Foundation Inc that year got $5K on average.
Where does W P Carey Foundation Inc give grants?
W P Carey Foundation Inc's top state is Pennsylvania, with 35% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (22%) and Arizona (20%). The most frequent recipient cities were York, NY (18 grants), Philadelphia, PA (14 grants), Baltimore, MD (14 grants) and Rensselaerville, NY (7 grants).
Does W P Carey Foundation Inc give general operating support?
Not in 2024: none of the 141 grants with a stated purpose on W P Carey Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (141 grants).
Who are W P Carey Foundation Inc's largest grantees?
W P Carey Foundation Inc's largest 2024 grantees include University of Pennsylvania ($7,500,000), New York Presbyterian Hospital ($5,107,500) and Arizona State University ($5,000,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is W P Carey Foundation Inc?
W P Carey Foundation Inc reported $513.7M in total assets on its 2024 IRS Form 990-PF. It paid out $25.0M in qualifying distributions that year, against a required minimum of $25.5M (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 W P Carey Foundation Inc fund?
The Foundation’s primary mission is to support educational institutions. Its stated focus areas are business and legal education, primary and secondary education, and community support. See mission & focus areas ↑
How do I apply for a grant from W P Carey Foundation Inc?
The Foundation 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 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.
Does W P Carey Foundation Inc 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 September 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). W P Carey Foundation Inc funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/w-p-carey-foundation-inc-morg_48953c95602b40a29d22253d54a04499
BibTeX
@misc{grantable_133597510_2026,
author = {{Grantable}},
title = {{W P Carey Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/w-p-carey-foundation-inc-morg_48953c95602b40a29d22253d54a04499},
note = {Accessed 2026-10-18. 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 W P Carey Foundation Inc'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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