Iac Charitable Foundation INC

Tax-deductible

New York, NY501(c)(3)Foundations & GrantmakersEIN 13-3994361

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

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
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Worth a look: 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
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
990-PF Pt VIII
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$84K
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+105% vs prior year
Spent
$1.5M
Net assets
$23.0M
By yearFY2020–FY2025
Revenue
$1.7M
FY2025▲ +105%
Revenue by fiscal year
FY2020$25.0M
FY2021$1.0M
FY2022−$313K
FY2023−$146K
FY2024$853K
FY2025$1.7M
Expenses
$1.5M
FY2025▲ +2%
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%
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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CIac Charitable Foundation INC
EINHdr · item D13-3994361
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1998
Latest filingForm 990FY2025 · Form 990-PF
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFFoundations & Grantmakers (T20)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.82 Operating & administrative $0.18
Grants & contributions paid82%$1.2M
Operating & administrative18%$267K
Total functional expensesLn 25$1.5M

Finances

Money in and out, what it owns and owes

Total assets
23.1M
deployed as grants and operations
Grants paid
1.2M
in FY2025
Grants made
71grants
total in period
Payout rate
5%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Total assets
$23.1M
FY2025▲ +8%
Total assets by fiscal year
FY2020$24.6M
FY2021$25.0M
FY2022$20.3M
FY2023$20.8M
FY2024$21.3M
FY2025$23.1M
Total liabilities
$84K
FY2025▲ +60%
Total liabilities by fiscal year
FY2020$207
FY2021$117K
FY2022$99K
FY2023$73K
FY2024$53K
FY2025$84K
Total assetsPt II$23.1M

Balance Sheet

Part X · end of year
CashLn 1$536K
Total assetsLn 16$23.1M
Total liabilitiesLn 26$84K
Total net assetsLn 32$23.0M
Months of cash on handcomputed4.4

Statement of Revenue

Part VIII
Investment income100%$1.7M
Total revenueLn 12$1.7M

Money in detail

Form 990 · FY2025 · each figure shown with the dollars behind it
Cash and giving out
Payout rate
Grants paid $0 · Total assets $23.1M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $1.7M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $1.7M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue change from last year
This year $1.7M · Prior year $853K
+105%
Revenue, average yearly change over 5 years
FY2020 $25.0M · FY2025 $1.7M
-41%
Net assets change over the year
End of year $23.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $1.7M · Expenses $1.5M
+16%
Debts compared to what it owns
Total liabilities — · Total assets $23.1M
—
Net assets compared to what it owns
Net assets $23.0M · Total assets $23.1M
100%
People & payroll
Highest Reported Total Compensation
Individual Suzanne Kennedy · Reported title PRESIDENT,PHILANTHROPIC GIVING · Highest reported compensation $55K · Total expenses $1.5M
4%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 105%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President,philanthropic Giving
$55,264Pt VII · Sec A
Vice President, Tax
$0Pt VII · Sec A
VP & Asst Secretary
$0Pt VII · Sec A
Dir, VP & Treasurer
$0Pt VII · Sec A
Dir, VP & Secretary
$0Pt VII · Sec A
Dir, VP & Asst Secretary
$0Pt VII · Sec A
Vice President &asst Treasurer
$0Pt VII · Sec A
Vice President &asst Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Suzanne Kennedy$55,264$7,935

Total reportable compensation (Form 990 Part VII column D / 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.

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Governance & Policies

Part VI
  • –Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNot reported
  • Whistleblower policyPt VI · Ln 13Not reported
  • Document retention policyPt VI · Ln 14Not reported
  • Top official’s pay independently reviewedPt VI · Ln 15aNot reported
  • Family or business ties among leadersPt VI · Ln 2Not reported

Mission and programs

What it does.

A private foundation based in New York, NY.

Provided by the organization

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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
Hudson GuildFY2025$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
C DeopersaudFY2025$20,000
Jones Valley Urban FarmFY2025$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

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $1.7M$1.5M+105% 990 PDF
FY2024 $853K$1.4M+685% 990 PDF
FY2023 −$146K$1.2M+53% 990 PDF
FY2022 −$313K$1.3M-131% 990 PDF
FY2021 $1.0M$1.1M-96% 990 PDF
FY2020 $25.0M$397K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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