The Ayco Charitable Foundation
ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$406.1M
Total Expenses
$305.2M
Net Assets
$1.2B
Employees
0
Volunteers
18
Grants Paid
$301.9M
Program Expense Ratio
99.5%
This nonprofit profile presents IRS Form 990 tax filing data for The Ayco Charitable Foundation (EIN: 14-1782466), 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, 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.
The Ayco Charitable Foundation is a 501(c)(3) nonprofit headquartered in COHOES, NY, founded in 1995. The organization has held tax-exempt status since 1995. In its 2024 filing, the organization reported $406.1M in total revenue, a 46.1% increase from the prior year, and $305.2M in total expenses. The organization engaged 18 volunteers. The organization runs 1 program, totaling $303.7M in program expenses. 4 of 6 recommended governance policies are in place.
The Ayco Charitable Foundation is classified under NTEE code T300. Its foundation type is 15.
Programs(Tax Year 2024)
1 record
The Ayco Charitable Foundation operates 1 program, with total program expenses of $303.7M. The Ayco Charitable Foundation's largest program accounts for 100% of total program spending.
THE AYCO CHARITABLE FOUNDATION ("ACF") ACCOMPLISHES ITS CHARITABLE PURPOSE BY RECEIVING CHARITABLE CONTRIBUTIONS AND MAKING GRANTS EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, PRIMARILY TO ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A) OF THE INTERNAL REVENUE CODE OF 1986 AS AMENDED (THE "CODE"). THE ORGANIZATION OPERATES AS A "SPONSORING ORGANIZATION" WITHIN THE MEANING OF CODE SECTION 4966 AND MAINTAINS DONOR ADVISED FUNDS. FOR THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION MADE APPROXIMATELY 35,675 GRANTS TOTALING APPROXIMATELY $301,786,000 TO CHARITABLE ORGANIZATIONS.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, The Ayco Charitable Foundation's revenue has grown from $265.2M to $406.1M, a 53.1% increase. Program expenses represent 99% of total spending.
Revenue increased 46.1% year-over-year, while expenses grew 19.8%. net assets rose to $1.2B, up 11.9% from the prior year.
The Ayco Charitable Foundation derives 78% from contributions and grants, with 22% from investment income.
Revenue is primarily driven by contributions and grants (78%), with investment income at 22%.
The Ayco Charitable Foundation allocates 99% to programs, 1% to management and general.
Revenue grew by 46.1% while expenses grew by only 19.8%, suggesting improving operational efficiency.
The Ayco Charitable Foundation distributed $301.9M in grants to other organizations and individuals, representing 99% of total expenses.
Over 6 filings from 2019–2024, The Ayco Charitable Foundation grew revenue from $265.2M to $406.1M (+53.1%) while maintaining a program expense ratio of 99%.
The Ayco Charitable Foundation holds $1.2B in total assets against $3.0M in liabilities (debt-to-asset ratio of 0%). The organization has 45.8 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 |
|---|---|---|---|---|---|
| 2024 | $406.1M | $317.8M | $0 | $0 | $88.3M |
| 2023 | $278.0M | $251.1M | $0 | $0 | $26.9M |
| 2022 | $272.9M | $251.7M | $0 | $0 | $21.3M |
| 2021 | $377.2M | $289.0M | $0 | $0 | $88.2M |
| 2020 | $173.0M | $145.4M | $0 | $0 | $27.6M |
| 2019 | $265.2M | $227.1M | $0 | $0 | $38.1M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $305.2M | $303.7M | $1.5M | $0 | $301.9M |
| 2023 | $254.8M | $253.5M | $557K | $0 | $251.8M |
| 2022 | $232.4M | $230.6M | $1.7M | $0 | $229.4M |
| 2021 | $242.6M | $240.4M | $2.2M | $0 | $239.4M |
| 2020 | $114.3M | $111.2M | $3.0M | $0 | $111.2M |
| 2019 | $252.8M | $247.0M | $5.8M | $0 | $247.0M |
Program Expense Ratio
99.5%
Admin Expense Ratio
0.5%
Fundraising Efficiency
—
Operating Reserve
45.8 mo
People & Compensation(Tax Year 2024)
18 records
The Ayco Charitable Foundation reported compensation for 18 officers and key employees.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| ESTA STECHER | DIRECTOR/CHAIR | Director | 1.00 | $0 | $0 | $0 |
| KAREY DYE | PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| STEPHANIE JAQUEZ | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| BRIAN DESILVA | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| TIM CORSON | VICE PRESIDENT | Officer | 1.00 | $0 | $0 | $0 |
| DARRYL GOLD | SECRETARY | Officer | 2.00 | $0 | $0 | $0 |
| CHRISTOPHER O'KEEFE | ASST TREASURER | Officer | 2.00 | $0 | $0 | $0 |
| KEN SHEINMAN | ASST TREASURER | Officer | 2.00 | $0 | $0 | $0 |
| THOMAS MORIN | ASST TREASURER | Officer | 0.50 | $0 | $0 | $0 |
| EMMETT ST JOHN | TREASURER | Officer | 0.50 | $0 | $0 | $0 |
| JOHN MASTRIANI | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DAVID GOLUB | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MAE CAVOLI | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ROBERT KATZ | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| DEBORAH LEONE | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| MEGAN TAYLOR | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| JEFF GOLDENBERG | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
| ABBY JOSEPH COHEN | DIRECTOR | Director | 1.00 | $0 | $0 | $0 |
Top Contractors(Tax Year 2024)
1 record
The Ayco Charitable Foundation reported 1 contractor receiving over $100,000, with total contractor payments of $1.7M.
| Name | Service | Compensation |
|---|---|---|
| THE AYCO COMPANY LP | ADMIN/INVST ADVISORY | $1,730,728 |
Governance & Compliance(Tax Year 2024)
The Ayco Charitable Foundation has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 9 members, 9 of whom are independent.
The Ayco Charitable 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 2024)
4719 records
The Ayco Charitable Foundation awarded $287.7M across 4719 grants to organizations. Top recipients include GS DONOR ADVISED PHILANTHROPY FND FOR WEALTH MGMT (NEW YORK, NY) — $22.3M for community & human services; MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION (BUTTE, MT) — $8.3M for education; DEPAUL UNIVERSITY (CHICAGO, IL) — $2.7M for education.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| GS DONOR ADVISED PHILANTHROPY FND FOR WEALTH MGMT311774905 | NEW YORK, NY | $22.3M | COMMUNITY & HUMAN SERVICES |
| MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION810250363 | BUTTE, MT | $8.3M | EDUCATION |
| DEPAUL UNIVERSITY362167048 | CHICAGO, IL | $2.7M | EDUCATION |
| TRUSTEES OF PRINCETON UNIVERSITY210634501 | PRINCETON, NJ | $2.6M | EDUCATION |
| SOUTHERN ILLINOIS UNIVERSITY FOUNDATION376024575 | CARBONDALE, IL | $2.5M | EDUCATION |
| FOUNDATION FOR INDIANA UNIVERSITY OF PENNSYLVANIA256087074 | INDIANA, PA | $2.5M | EDUCATION |
| DUKE UNIVERSITY560532129 | DURHAM, NC | $2.4M | EDUCATION |
| ILLINOIS WESLEYAN UNIVERSITY370662594 | BLOOMINGTON, IL | $2.2M | EDUCATION |
| BOULDER CREST FOUNDATION273228310 | BLUEMONT, VA | $2.1M | COMMUNITY & HUMAN SERVICES |
| VIRGINIA TECH FOUNDATION INC540721690 | BLACKSBURG, VA | $1.9M | EDUCATION |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND110303001 | BOSTON, MA | $1.8M | COMMUNITY & HUMAN SERVICES |
| NATIONAL PHILANTHROPIC TR237825575 | JENKINTOWN, PA | $1.6M | COMMUNITY & HUMAN SERVICES |
| GENERAL COUNCIL OF THE UNITED METHODIST CHURCH311813333 | NASHVILLE, TN | $1.5M | RELIGIOUS |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA231352685 | PHILADELPHIA, PA | $1.5M | EDUCATION |
| CARNEGIE MELLON UNIVERSITY250969449 | PITTSBURGH, PA | $1.5M | EDUCATION |
| LINCOLN CENTER FOR THE PERFORMING ARTS INC131847137 | NEW YORK, NY | $1.4M | ARTS AND CULTURE |
| JUILLIARD SCHOOL131624067 | NEW YORK, NY | $1.4M | ARTS AND CULTURE |
| JOLIET JUNIOR COLLEGE FOUNDATION510176990 | JOLIET, IL | $1.3M | EDUCATION |
| CORNELL UNIVERSITY150532082 | ITHACA, NY | $1.2M | EDUCATION |
| STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION020554654 | STATEN ISLAND, NY | $1.2M | COMMUNITY & HUMAN SERVICES |
Showing 20 of 4719 grants.
Foreign Activities(Tax Year 2024)
Activities span Europe (Including Iceland and Greenland), East Asia and the Pacific, North America, Central America and the Caribbean, South Asia.
Regions & Countries
| Region / Country | Activity | Expenditure |
|---|---|---|
| Europe (Including Iceland and Greenland) | — | — |
| East Asia and the Pacific | — | — |
| North America | — | — |
| Central America and the Caribbean | — | — |
| South Asia | — | — |
| South America | — | — |
| Sub-Saharan Africa | — | — |
| Europe (Including Iceland and Greenland) | — | — |
| North America | — | — |
| East Asia and the Pacific | — | — |
| Central America and the Caribbean | — | — |
Supplemental Financial Data(Tax Year 2024)
The Ayco Charitable Foundation operates a donor-advised fund (DAF) program with 5,585 accounts.
Filing History(Tax Years 1995–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $406.1M | $305.2M | $1.2B |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $278.0M | $254.8M | $1.0B |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $272.9M | $232.4M | $928.9M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $377.2M | $242.6M | $1.0B |
| 2020 | 990 | 2020-07-01 – 2020-12-31 | $173.0M | $114.3M | $894.0M |
| 2019 | 990 | 2019-07-01 – 2020-06-30 | $265.2M | $252.8M | $775.8M |
| 1995–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does The Ayco Charitable Foundation do?
ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.
How much revenue does The Ayco Charitable Foundation have?
The Ayco Charitable Foundation reported $406,088,725 in total revenue for tax year 2024, up 46.1% from the prior year.
Who is the highest-paid executive at The Ayco Charitable Foundation?
ESTA STECHER, DIRECTOR/CHAIR, received $0 in total compensation as of tax year 2024.
Is The Ayco Charitable Foundation a 501(c)(3)?
Yes, The Ayco Charitable Foundation is classified as a 501(c)(3) tax-exempt organization.
Where is The Ayco Charitable Foundation located?
The Ayco Charitable Foundation is headquartered in COHOES, NY 12047.
Is The Ayco Charitable Foundation audited?
Yes, The Ayco Charitable Foundation's financial statements are audited, and the organization has an audit committee.
Does The Ayco Charitable Foundation give grants?
Yes, The Ayco Charitable Foundation distributed $301,861,484 in grants to other organizations and individuals in tax year 2024. Top recipients include GS DONOR ADVISED PHILANTHROPY FND FOR WEALTH MGMT, MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION, DEPAUL UNIVERSITY.
Does The Ayco Charitable Foundation operate internationally?
Yes, The Ayco Charitable Foundation conducts activities outside the United States. Activities span Europe (Including Iceland and Greenland), East Asia and the Pacific, North America, Central America and the Caribbean, South Asia.
Data Source
Prepared by: PwC US Tax LLP, BOSTON, MA
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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