Iac Charitable Foundation INC

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

501(c)(3) charity; gifts are tax-deductible.
$55K paid to officers and key staff.
Status: IRS Pub. 78 · Pay: 990-PF Part VIII

Before you give

FY2025 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $3.5M a year · 76% of revenue · last 6 filings
A surplus in 2 of the last 6 filings.
990-PF Pt I · 6 filings
Pay to officers and key staff
$55K
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
990-PF Part VIII
4.4 mo
of spending, in cash
4.4 months of spending in cash.
990-PF Pt II · Ln 1–2 · Pt I · Ln 26
Liabilities
$84K
0.4% of total assets
Liabilities are 0.4% of assets.
990-PF Pt II · Ln 23
Revenue
$1.7M
+105% vs prior year
Spent
$1.5M
Net assets
$23.0M
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▲ +105%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.0M
FY2021$1.0M
FY2022−$313K
FY2023−$146K
FY2024$853K
FY2025$1.7M
Expenses
$1.5M
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$397K
FY2021$1.1M
FY2022$1.3M
FY2023$1.2M
FY2024$1.4M
FY2025$1.5M
Net assets
$23.0M
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$24.6M
FY2021$24.8M
FY2022$20.2M
FY2023$20.8M
FY2024$21.2M
FY2025$23.0M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 82% · $1.2M Operating & administrative 18% · $267K

Form 990-PF Part I, lines 24–26. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990-PF; $55K paid to officers and key staff (990-PF Part VIII).

990-PF Part VIII · reportable compensation
President,philanthropic Giving
$55,264990-PF Pt VIII
Vice President, Tax
$0990-PF Pt VIII
VP & Asst Secretary
$0990-PF Pt VIII
Dir, VP & Treasurer
$0990-PF Pt VIII
Dir, VP & Secretary
$0990-PF Pt VIII
Dir, VP & Asst Secretary
$0990-PF Pt VIII
Vice President &asst Treasurer
$0990-PF Pt VIII
Vice President &asst Treasurer
$0990-PF Pt VIII

Compensation history total reportable pay by year · 1 named individual · 990-PF Part VIII

NameFY2025FY2024
Suzanne Kennedy$55,264$7,935

Total reportable compensation (Form 990-PF Part VIII column (c) / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Iac Charitable Foundation INC executive salaries →

Programs and updates

A private foundation based in New York, NY.

Questions for Iac Charitable Foundation INC

Tap to ask. Iac Charitable Foundation INC sees how many people are interested.

Your first name shows with your question. Iac Charitable Foundation INC answers here, for everyone.

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 71 grants · $1.2M · 2025–2025
Individual RecipientFY2025$300,000
America on TechFY2025$50,000
Fresh Youth Initiatives INCFY2025$30,000
Mouse INCFY2025$30,000
Friends of Hudson River Park INCFY2025$30,000
The Juilliard SchoolFY2025$25,000
New York Restoration ProjectFY2025$25,000
United Way of Central IowaFY2025$25,000
Friends of the HighlineFY2025$25,000
Literacy Partners INCFY2025$25,000
Gotham Gives INCFY2025$25,000
Church of the Holy Apostles Soup KitchenFY2025$21,375
Individual RecipientFY2025$20,000
Individual RecipientFY2025$20,000
The Posse Foundation INCFY2025$20,000
University of Notre Dame Du LacFY2025$15,000
Reporters Committee for Freedom of the PressFY2025$15,000
National FFA FoundationFY2025$15,000
See all 71 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$17K
Median grantPart XV$10K
Largest grantPart XV$300K

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$1.7M
Investment income$1.7M
Money out
$1.5M
Grants paid$1.2M
Running costs$267K
Owns and owes
$23.0M
net assets
Cash and savings$536K
Total assets$23.1M
Liabilities$84K
People
11
listed
Paid1
2In more detail
Revenue in detail
Investment income$1.7M
Total revenue$1.7M
Assets in detailEnd of year
Cash and savings together$536K
Total assets$23.1M
Liabilities$84K
Net assets$23.0M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS May 12, 2026 $1.7M$1.5M$278K$23.0M 990 PDF
FY2024Filed with the IRS Jun 5, 2025 $853K$1.4M−$585K$21.2M 990 PDF
FY2023Filed with the IRS May 15, 2024 −$146K$1.2M−$1.4M$20.8M 990 PDF
FY2022Filed with the IRS Jun 29, 2023 −$313K$1.3M−$1.6M$20.2M 990 PDF
FY2021Filed with the IRS May 4, 2022 $1.0M$1.1M−$89K$24.8M 990 PDF
FY2020Filed with the IRS Apr 28, 2021 $25.0M$397K$24.6M$24.6M 990 PDF

Schedules filed Part IV

G · Fundraising L · Interested persons R · Related orgs

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →