American Endowment Foundation

Analysis

American Endowment Foundation is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Endowment Foundation reported income of $1.32bn and spending of $1.28bn, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $959.5m to $1.32bn (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Endowment Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within OH. Charities of a similar size with the same main cause include Morgan Stanley Global Impact Funding Trust Inc ($1.30bn), Renaissance Charitable Foundation Inc ($1.46bn) and Bank of America Charitable Gift Fund ($1.19bn).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $2.4m (0.2% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $7.15bn against liabilities of $21.5m, net assets of $7.12bn. It reported 127 employees.