Nonprofits/Organizations/14-1782466
Active
501(c)(3)
T300
Form 990

The Ayco Charitable Foundation

EIN 14-1782466COHOES, NY 12047Founded 1995WebsiteIRS Tax Year 2024 · Period ending December 31, 2024
Mission Statement

ENCOURAGE AND PROMOTE PHILANTHROPY AND CHARITABLE GIVING.

IRS Tax Year 2024

Period ending December 31, 2024

Total Revenue

$406.1M

+46.1%YoY

Total Expenses

$305.2M

+19.8%YoY

Net Assets

$1.2B

+11.9%YoY

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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RoundPaper IndicatorsTax Year 2024

Financial Health

Revenue grew +46.1% to $406.1M
Program spending ratio of 99.5% — excellent
45.8 months of operating reserves — strong cushion
Expenses increased +19.8% year-over-year

Transparency

Conflict of interest policy adopted
Whistleblower policy in place
Financial statements independently audited
9-member board, 9 independent

Compensation

No Schedule J filed — standard compensation reporting only

Program Effectiveness

1 program reported
99.5% of spending goes to programs
No programs generate independent revenue
$301.9M in grants paid to other organizations
18 volunteers engaged

Financial Stability

Debt-to-asset ratio of 0.3% — low leverage
0.0 months cash runway — tight liquidity
Revenue diversification: well diversified
Net assets consistently growing over recent filings

Risk Flags

No insider or excess benefit transactions
No material diversion or misuse reported
No family/business relationships on board

Indicators derived from IRS Form 990 data. Not financial advice.

Organization Summary

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

Programs Overview

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.

1
Program 1Expenses: $303,690,564

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

Financial Highlights

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

YearTotal RevenueContributionsGov't GrantsProgram RevenueInvestment
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

YearTotal ExpensesProgramManagementFundraisingGrants 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

Compensation Summary

The Ayco Charitable Foundation reported compensation for 18 officers and key employees.

NameTitleTypeHours/wkComp from OrgRelated OrgsTotal
ESTA STECHERDIRECTOR/CHAIR
Director
1.00$0$0$0
KAREY DYEPRESIDENT
Officer
1.00$0$0$0
STEPHANIE JAQUEZVICE PRESIDENT
Officer
1.00$0$0$0
BRIAN DESILVAVICE PRESIDENT
Officer
1.00$0$0$0
TIM CORSONVICE PRESIDENT
Officer
1.00$0$0$0
DARRYL GOLDSECRETARY
Officer
2.00$0$0$0
CHRISTOPHER O'KEEFEASST TREASURER
Officer
2.00$0$0$0
KEN SHEINMANASST TREASURER
Officer
2.00$0$0$0
THOMAS MORINASST TREASURER
Officer
0.50$0$0$0
EMMETT ST JOHNTREASURER
Officer
0.50$0$0$0
JOHN MASTRIANIDIRECTOR
Director
1.00$0$0$0
DAVID GOLUBDIRECTOR
Director
1.00$0$0$0
MAE CAVOLIDIRECTOR
Director
1.00$0$0$0
ROBERT KATZDIRECTOR
Director
1.00$0$0$0
DEBORAH LEONEDIRECTOR
Director
1.00$0$0$0
MEGAN TAYLORDIRECTOR
Director
1.00$0$0$0
JEFF GOLDENBERGDIRECTOR
Director
1.00$0$0$0
ABBY JOSEPH COHENDIRECTOR
Director
1.00$0$0$0

Top Contractors(Tax Year 2024)

1 record

Contractor Summary

The Ayco Charitable Foundation reported 1 contractor receiving over $100,000, with total contractor payments of $1.7M.

NameServiceCompensation
THE AYCO COMPANY LPADMIN/INVST ADVISORY$1,730,728

Governance & Compliance(Tax Year 2024)

Governance Snapshot

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

Conflict of interest policy
Whistleblower policy
Document retention policy
CEO compensation review process
Other officer compensation review
990 provided to governing body
Board members9
Independent members9

Audit & Financial Oversight

Financial statements audited
Independent audit
Audit committee
Federal grant audit required
Accounting standardGAAP

Grants Awarded(Tax Year 2024)

4719 records

Grantmaking Summary

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

RecipientLocationAmountPurpose
GS DONOR ADVISED PHILANTHROPY FND FOR WEALTH MGMT311774905NEW YORK, NY$22.3MCOMMUNITY & HUMAN SERVICES
MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION810250363BUTTE, MT$8.3MEDUCATION
DEPAUL UNIVERSITY362167048CHICAGO, IL$2.7MEDUCATION
TRUSTEES OF PRINCETON UNIVERSITY210634501PRINCETON, NJ$2.6MEDUCATION
SOUTHERN ILLINOIS UNIVERSITY FOUNDATION376024575CARBONDALE, IL$2.5MEDUCATION
FOUNDATION FOR INDIANA UNIVERSITY OF PENNSYLVANIA256087074INDIANA, PA$2.5MEDUCATION
DUKE UNIVERSITY560532129DURHAM, NC$2.4MEDUCATION
ILLINOIS WESLEYAN UNIVERSITY370662594BLOOMINGTON, IL$2.2MEDUCATION
BOULDER CREST FOUNDATION273228310BLUEMONT, VA$2.1MCOMMUNITY & HUMAN SERVICES
VIRGINIA TECH FOUNDATION INC540721690BLACKSBURG, VA$1.9MEDUCATION
FIDELITY INVESTMENTS CHARITABLE GIFT FUND110303001BOSTON, MA$1.8MCOMMUNITY & HUMAN SERVICES
NATIONAL PHILANTHROPIC TR237825575JENKINTOWN, PA$1.6MCOMMUNITY & HUMAN SERVICES
GENERAL COUNCIL OF THE UNITED METHODIST CHURCH311813333NASHVILLE, TN$1.5MRELIGIOUS
TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA231352685PHILADELPHIA, PA$1.5MEDUCATION
CARNEGIE MELLON UNIVERSITY250969449PITTSBURGH, PA$1.5MEDUCATION
LINCOLN CENTER FOR THE PERFORMING ARTS INC131847137NEW YORK, NY$1.4MARTS AND CULTURE
JUILLIARD SCHOOL131624067NEW YORK, NY$1.4MARTS AND CULTURE
JOLIET JUNIOR COLLEGE FOUNDATION510176990JOLIET, IL$1.3MEDUCATION
CORNELL UNIVERSITY150532082ITHACA, NY$1.2MEDUCATION
STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION020554654STATEN ISLAND, NY$1.2MCOMMUNITY & HUMAN SERVICES

Showing 20 of 4719 grants.

Foreign Activities(Tax Year 2024)

International Overview

Activities span Europe (Including Iceland and Greenland), East Asia and the Pacific, North America, Central America and the Caribbean, South Asia.

Regions & Countries

Region / CountryActivityExpenditure
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)

Schedule D Highlights

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 YearFormPeriodRevenueExpensesNet 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
1995–2018No 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.

Publicly available IRS data
Verified filing records
Updated quarterly
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