American Endowment Foundation
TO EXPAND THE CAPACITY OF AMERICAN PHILANTHROPY THROUGHOUT THE FINANCIAL SERVICES INDUSTRY.
IRS Tax Year 2023
Period ending December 31, 2023
Total Revenue
$1.3B
Total Expenses
$1.3B
Net Assets
$7.1B
Employees
127
Grants Paid
$1.2B
Program Expense Ratio
99.4%
Fundraising Efficiency
24767.3%
This nonprofit profile presents IRS Form 990 tax filing data for American Endowment Foundation (EIN: 34-1747398), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, top independent contractors, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
American Endowment Foundation is a 501(c)(3) nonprofit headquartered in HUDSON, OH, founded in 1993. It is classified under NTEE code T31 (Community Foundations), within the Philanthropy, Voluntarism & Grantmaking category. The organization has held tax-exempt status since 1994. In its 2023 filing, the organization reported $1.3B in total revenue, a 7.2% decrease from the prior year, and $1.3B in total expenses. The organization employed 127 people. STEPHEN W JONES, EXECUTIVE VICE PRESIDENT, is the highest-compensated individual at $427,483. The organization runs 1 program, totaling $1.3B in program expenses. 6 of 6 recommended governance policies are in place. Executive benefits include housing allowance, club dues.
American Endowment Foundation is classified under NTEE code T31 (Community Foundations), which falls within the Philanthropy, Voluntarism & Grantmaking category. Its foundation type is 15.
Programs(Tax Year 2023)
1 record
American Endowment Foundation operates 1 program, with total program expenses of $1.3B. American Endowment Foundation's largest program accounts for 100% of total program spending.
AMERICAN ENDOWMENT FOUNDATION MAKES GRANTS TO U.S. CHARITABLE ORGANIZATIONS THAT ARE TAX-EXEMPT CHARITIES, OR TO U.S., STATE AND LOCAL GOVERNMENT ENTITIES FOR CHARITABLE PURPOSES. GRANTS ARE ONLY APPROVED IF THEY ARE USED EXCLUSIVELY IN FURTHERANCE OF CHARITABLE PURPOSES.
Financial Overview(Tax Years 2019–2023)
5 records
Over the past 5 years, American Endowment Foundation's revenue has grown from $959.5M to $1.3B, a 37.7% increase. Program expenses represent 99% of total spending.
Revenue decreased 7.2% year-over-year, while expenses grew 23.0%. net assets rose to $7.1B, up 14.2% from the prior year. the organization added 4 employees.
American Endowment Foundation derives 89% from contributions and grants, with 11% from investment income.
Revenue is primarily driven by contributions and grants (89%), with investment income at 11%.
American Endowment Foundation allocates 99% to programs, 0% to management and general, 0% to fundraising.
Revenue declined by 7.2% and expenses grew by 23.0% year over year.
American Endowment Foundation distributed $1.2B in grants to other organizations and individuals, representing 96% of total expenses.
Over 5 filings from 2019–2023, American Endowment Foundation grew revenue from $959.5M to $1.3B (+37.7%) while maintaining a program expense ratio of 99%. During this period, the organization grew from 69 to 127 employees.
American Endowment Foundation holds $7.1B in total assets against $21.5M in liabilities (debt-to-asset ratio of 0%). The organization has 66.9 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2023 | $1.3B | $1.2B | $0 | $0 | $149.4M |
| 2022 | $1.4B | $1.3B | $0 | $0 | $115.6M |
| 2021 | $2.7B | $2.6B | $0 | $0 | $110.7M |
| 2020 | $1.4B | $1.3B | $0 | $0 | $71.3M |
| 2019 | $959.5M | $887.0M | $0 | $0 | $72.2M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2023 | $1.3B | $1.3B | $2.9M | $4.7M | $1.2B |
| 2022 | $1.0B | $1.0B | $2.2M | $5.2M | $994.0M |
| 2021 | $809.7M | $803.7M | $1.7M | $4.2M | $775.5M |
| 2020 | $536.8M | $532.5M | $1.5M | $2.8M | $512.5M |
| 2019 | $424.6M | $420.8M | $1.4M | $2.4M | $404.3M |
Program Expense Ratio
99.4%
Admin Expense Ratio
0.2%
Fundraising Efficiency
24767.3%
Operating Reserve
66.9 mo
People & Compensation(Tax Year 2023)
25 records
American Endowment Foundation reported compensation for 25 officers and key employees. Total officer compensation was $3.4M, representing 0.3% of total expenses.
American Endowment Foundation's highest-compensated individual received $427K in total compensation. Total officer compensation of $3.4M represents 0.3% of total expenses.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| STEPHEN W JONES | EXECUTIVE VICE PRESIDENT | Officer | 40.00 | $386,885 | $0 | $427,483 |
| RONDAL RANSOM | CHIEF EXECUTIVE OFFICER | Officer | 40.00 | $374,154 | $0 | $392,087 |
| MICHELE HOZA | GENERAL COUNSEL & SECRETARY OF BOARD | Officer | 40.00 | $238,301 | $0 | $271,735 |
| TYANA SMITH | CHIEF BUSINESS DEVELOPMENT OFFICER | Officer | 40.00 | $209,249 | $0 | $251,448 |
| JOHN FARREN | FORMER PRESIDENT | Former | — | $231,292 | $0 | $243,486 |
| PAULA HOGAN | CHRO | Officer | 40.00 | $210,101 | $0 | $239,811 |
| BRIAN DEACY | SVP, NATIONAL DEVELOPMENT MANAGER | Highest Comp | 40.00 | $196,693 | $0 | $225,882 |
| MARK MANNING | CIO | Officer | 40.00 | $190,623 | $0 | $211,394 |
| SHANNON BAKER | VP DEVELOPMENT | Highest Comp | 40.00 | $184,725 | $0 | $210,531 |
| JESSE JUGUILON | CHIEF BUSINESS STRATEGY OFFICER | Officer | 40.00 | $202,044 | $0 | $209,355 |
| STEPHEN BROOKS | VP DEVELOPMENT | Highest Comp | 40.00 | $174,298 | $0 | $207,499 |
| BRYCE JOHNSON | VP DEVELOPMENT | Highest Comp | 40.00 | $149,939 | $0 | $173,571 |
| LEVENT BAYKUT | SR. DIRECTOR OPERATIONS | Highest Comp | 40.00 | $150,817 | $0 | $167,379 |
| JOSEPH BETRO | CHAIRMAN OF THE BOARD | Director | 10.00 | $55,000 | $0 | $55,000 |
| MARTIN HALL | DIRECTOR | Director | 3.00 | $12,000 | $0 | $12,000 |
| PATRICK HEDDLESTON | DIRECTOR | Director | 3.00 | $12,000 | $0 | $12,000 |
| TIMOTHY HOGAN | DIRECTOR | Director | 3.00 | $12,000 | $0 | $12,000 |
| REBECCA MORGAN | DIRECTOR | Director | 3.00 | $12,000 | $0 | $12,000 |
| JANET GOSCHE | DIRECTOR | Director | 3.00 | $12,000 | $0 | $12,000 |
| BRIAN BROADBENT | DIRECTOR | Director | 3.00 | $12,000 | $0 | $12,000 |
| BENJAMIN BECKMAN | DIRECTOR | Director | 3.00 | $12,000 | $0 | $12,000 |
| CARL ZIPFEL | DIRECTOR | Director | 3.00 | $11,348 | $0 | $11,348 |
| TED AUSTIN | DIRECTOR | Director | 3.00 | $10,200 | $0 | $10,200 |
| JUSTIN HORTON | DIRECTOR | Director | 3.00 | $10,200 | $0 | $10,200 |
| STEVE MULLIN | DIRECTOR | Director | 3.00 | $1,833 | $0 | $1,833 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
STEPHEN W JONES
Base Salary
$358,189
Bonus
—
Other Reportable
$28,696
Retirement/Deferred
$11,750
Nontaxable Benefits
$28,848
Executive Perks
RONDAL RANSOM
Base Salary
$370,984
Bonus
—
Other Reportable
$3,170
Retirement/Deferred
$2,650
Nontaxable Benefits
$15,283
Executive Perks
MICHELE HOZA
Base Salary
$217,751
Bonus
—
Other Reportable
$20,550
Retirement/Deferred
$7,170
Nontaxable Benefits
$26,264
Executive Perks
TYANA SMITH
Base Salary
$190,226
Bonus
—
Other Reportable
$19,023
Retirement/Deferred
$6,487
Nontaxable Benefits
$35,712
Executive Perks
JOHN FARREN
Base Salary
—
Bonus
—
Other Reportable
$231,292
Retirement/Deferred
—
Nontaxable Benefits
$12,194
Executive Perks
PAULA HOGAN
Base Salary
$191,187
Bonus
—
Other Reportable
$18,914
Retirement/Deferred
$6,341
Nontaxable Benefits
$23,369
Executive Perks
BRIAN DEACY
Base Salary
$179,276
Bonus
—
Other Reportable
$17,417
Retirement/Deferred
$5,891
Nontaxable Benefits
$23,298
Executive Perks
MARK MANNING
Base Salary
$173,965
Bonus
—
Other Reportable
$16,658
Retirement/Deferred
$5,764
Nontaxable Benefits
$15,007
Executive Perks
SHANNON BAKER
Base Salary
$167,658
Bonus
—
Other Reportable
$17,067
Retirement/Deferred
$5,629
Nontaxable Benefits
$20,177
Executive Perks
JESSE JUGUILON
Base Salary
$184,358
Bonus
—
Other Reportable
$17,686
Retirement/Deferred
$6,021
Nontaxable Benefits
$1,290
Executive Perks
STEPHEN BROOKS
Base Salary
$158,731
Bonus
—
Other Reportable
$15,567
Retirement/Deferred
$5,237
Nontaxable Benefits
$27,964
Executive Perks
BRYCE JOHNSON
Base Salary
$136,402
Bonus
—
Other Reportable
$13,537
Retirement/Deferred
$4,495
Nontaxable Benefits
$19,137
Executive Perks
LEVENT BAYKUT
Base Salary
$142,803
Bonus
—
Other Reportable
$8,014
Retirement/Deferred
$4,576
Nontaxable Benefits
$11,986
Executive Perks
Top Contractors(Tax Year 2023)
5 records
American Endowment Foundation reported 5 contractors receiving over $100,000, with total contractor payments of $1.1M.
| Name | Service | Compensation |
|---|---|---|
| LEWIS BRISBOIS BISGAARD & SMITH | LEGAL SERVICES | $270,872 |
| LAWLER CONSTRUCTION | CONSTRUCTION SERVICES | $226,038 |
| NPACT | SOFTWARE DEVELOPMENT | $217,016 |
| EXCELLENCE IN GIVING | PHILANTHROPIC ADVISOR | $182,375 |
| RSM US LLP | ACCOUNTING SERVICES | $164,519 |
Governance & Compliance(Tax Year 2023)
American Endowment Foundation has 6 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 10 members, 10 of whom are independent.
American Endowment Foundation's financial statements are audited, an audit committee oversees the process, accounting follows GAAP standards.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2023)
12725 records
American Endowment Foundation awarded $1.2B across 12725 grants to organizations. Top recipients include NATIONAL PHILANTHROPIC TRUST (JENKINTOWN, PA) — $109.9M for philanthropy; EAMES INSTITUTE (PETALUMA, CA) — $53.1M for arts, culture; FIDELITY INVESTMENTS CHARITABLE GIFT FUND (CINCINNATI, OH) — $48.9M for philanthropy.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| NATIONAL PHILANTHROPIC TRUST237825575 | JENKINTOWN, PA | $109.9M | PHILANTHROPY |
| EAMES INSTITUTE833403946 | PETALUMA, CA | $53.1M | ARTS, CULTURE |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND110303001 | CINCINNATI, OH | $48.9M | PHILANTHROPY |
| VANGUARD CHARITABLE ENDOWMENT PROGRAM232888152 | WARWICK, RI | $48.1M | PHILANTHROPY |
| SCHWAB CHARITABLE FUND311640316 | ORLANDO, FL | $32.4M | PHILANTHROPY |
| BRADLEY IMPACT FUND INC454678325 | MILWAUKEE, WI | $25.6M | IN KIND TRANSFER |
| OCEAN CLEANUP NORTH PACIFIC FOUNDATION815132355 | NEW YORK, NY | $25.0M | SCIENCE |
| THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS237300405 | SALT LAKE CITY, UT | $21.7M | RELIGION |
| THE BARACK OBAMA FOUNDATION464950751 | CHICAGO, IL | $16.0M | ARTS, CULTURE |
| LIFEWISE INC454002535 | HILLIARD, OH | $13.2M | YOUTH DEVEL |
| THE UCLA FOUNDATION952250801 | LOS ANGELES, CA | $10.8M | EDUCATIONAL |
| MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC527082731 | PURCHASE, NY | $9.7M | IN KIND TRANSFER |
| IMPACTASSETS INC262048480 | BETHESDA, MD | $9.6M | PHILANTHROPY |
| THE MALALA FUND811397590 | PHILADELPHIA, PA | $8.8M | EDUCATIONAL |
| JDRF INTERNATIONAL231907729 | NEW YORK, NY | $8.1M | DISEASE/DISORDER |
| RENAISSANCE CHARITABLE FOUNDATION INC352129262 | INDIANAPOLIS, IN | $7.2M | PHILANTHROPY |
| WALDER OPERATIONS LTD611407381 | SKOKIE, IL | $7.0M | PHILANTHROPY |
| COMMUNITY FOUNDATION OF HERKIMER AND ONEIDA COUNTIES INC156016932 | UTICA, NY | $6.9M | PHILANTHROPY |
| HOFFMAN INSTITUTE FOUNDATION330627187 | SAN RAFAEL, CA | $5.2M | EDUCATIONAL |
| THE BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY941156365 | STANFORD, CA | $4.6M | EDUCATIONAL |
Showing 20 of 12725 grants.
Foreign Activities(Tax Year 2023)
Activities span CENTRAL AMERICA AND THE CARIBBEAN, MIDDLE EAST AND NORTH AFRICA, EAST ASIA AND THE PACIFIC, NORTH AMERICA.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | — | — |
| MIDDLE EAST AND NORTH AFRICA | — | — |
| EAST ASIA AND THE PACIFIC | — | — |
| NORTH AMERICA | — | — |
Supplemental Financial Data(Tax Year 2023)
American Endowment Foundation operates a donor-advised fund (DAF) program with 14,706 accounts.
Filing History(Tax Years 1994–2023)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $1.3B | $1.3B | $7.1B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $1.4B | $1.0B | $6.2B |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $2.7B | $809.7M | $7.1B |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $1.4B | $536.8M | $4.7B |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $959.5M | $424.6M | $3.5B |
| 1994–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does American Endowment Foundation do?
TO EXPAND THE CAPACITY OF AMERICAN PHILANTHROPY THROUGHOUT THE FINANCIAL SERVICES INDUSTRY.
How much revenue does American Endowment Foundation have?
American Endowment Foundation reported $1,320,890,881 in total revenue for tax year 2023, down 7.2% from the prior year.
Who is the highest-paid executive at American Endowment Foundation?
STEPHEN W JONES, EXECUTIVE VICE PRESIDENT, received $427,483 in total compensation as of tax year 2023.
Is American Endowment Foundation a 501(c)(3)?
Yes, American Endowment Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is American Endowment Foundation located?
American Endowment Foundation is headquartered in HUDSON, OH 44236.
How many employees does American Endowment Foundation have?
American Endowment Foundation has 127 employees as of tax year 2023.
What type of nonprofit is American Endowment Foundation?
American Endowment Foundation is classified under NTEE code T31 (Community Foundations), within the Philanthropy, Voluntarism & Grantmaking category. It is a 501(c)(3) tax-exempt organization.
Is American Endowment Foundation audited?
Yes, American Endowment Foundation's financial statements are audited, and the organization has an audit committee.
How much does American Endowment Foundation spend on fundraising?
American Endowment Foundation reported $4,729,958 in fundraising expenses for tax year 2023, which represents 0.4% of total expenses.
Does American Endowment Foundation give grants?
Yes, American Endowment Foundation distributed $1,229,386,619 in grants to other organizations and individuals in tax year 2023. Top recipients include NATIONAL PHILANTHROPIC TRUST, EAMES INSTITUTE, FIDELITY INVESTMENTS CHARITABLE GIFT FUND.
Does American Endowment Foundation operate internationally?
Yes, American Endowment Foundation conducts activities outside the United States. Activities span CENTRAL AMERICA AND THE CARIBBEAN, MIDDLE EAST AND NORTH AFRICA, EAST ASIA AND THE PACIFIC, NORTH AMERICA.
Data Source
Prepared by: RSM US LLP, CHICAGO, IL
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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