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Graduate Management Admission Council at a glance

· Public charity

Graduate Management Admission Council

Gmac is a global nonprofit association of leading business schools that connects future business leaders with educational opportunities.

$466k
Granted FY2024still arriving
5
Grants FY2024still arriving
5
States reached
$75k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Education$671kCivil Rights$550kEmployment$440kScience & Tech$218kArts & Culture$14kSocial Science$10k
02FY2024 · 5 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 5 grants below total $219,327, the rows itemized in this filing. The $466,294 headline is the total grant expense on the return; the other $246,967 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2024

  • Under $10k1 grant · $8k
  • $10k–50k1 grant · $20k
  • $50k–250k3 grants · $191k
$50,000
Median grant
5
States reached
$190M
Total assets
Largest grants
RecipientAmount
PHD PROJECT ASSOCIATION$75,000
ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB)$66,327
FORTE FOUNDATION$50,000
EXECUTIVE MBA COUNCIL$20,000
GLOBAL BUSINESS SCHOOL NETWORK (GBSN)$8,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Dollar for dollar, its grants (FY17–24) land where the poverty rate runs at 10%, against an area that typically sits at 11%. 31% of its dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 11%TRUSTEES OF BOSTON UNIVERSITY: $75k → 16%INTERNATIONAL TEST COMMISSION: $8k → 13%ASSOCIATION OF TEST PUBLISHERS: $18k → 11%EXECUTIVE MBA COUNCIL: $20k → 10%WYNNE COMMUNICATIONS: $8k → 14%THE ASPEN INSTITUTE: $10k → 17%FORTE FOUNDATION: $50k → 10%GLOBAL BUSINESS SCHOOL NETWORK (GBSN): $8k → 14%ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB): $79k → 13%BETA ALPHA PSI: $5k → 11%THE NATIONAL HBCU BUSINESS DEANS ROUNDTABLE: $8k → 28%MBA JUMPSTART LLC: $5k → 16%THE PHD PROJECT: $150k → 7%NATIONAL COUNCIL ON MEASUREMENT IN EDUCATION: $6k → 8%RUTGERS THE STATE UNIVERSITY OF NEW JERSEY: $5k → 16%MANAGEMENT LEADERSHIP FOR TOMORROW: $15k → 8%HBCU BUSINESS DEAN'S ROUNDTABLE: $10k → 11%EXECUTIVE MBA COUNCIL: $20k → 10%WYNNE COMMUNICATIONS: $6k → 14%THE FORTE FOUNDATION: $50k → 10%GLOBAL BUSINESS SCHOOL NETWORK: $8k → 14%ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB): $69k → 13%THE PHD PROJECT: $100k → 7%NATIONAL COUNCIL ON MEASUREMENT IN EDUCATION: $6k → 8%MANAGEMENT LEADERSHIP FOR TOMORROW: $15k → 8%EXECUTIVE MBA COUNCIL: $20k → 10%FORTE FOUNDATION: $50k → 10%GLOBAL BUSINESS SCHOOL NETWORK (GBSN): $8k → 14%ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS (AACSB): $66k → 13%THE PHD PROJECT: $75k → 7%EXECUTIVE MBA COUNCIL: $30k → 10%FORTE FOUNDATION: $50k → 10%GLOBAL BUSINESS SCHOOL NETWORK (GBSN): $8k → 14%AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINE: $42k → 13%PHD PROJECT ASSOCIATION: $75k → 7%EXECUTIVE MBA COUNCIL: $30k → 10%FORTE FOUNDATION: $50k → 10%AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINE: $31k → 13%PHD PROJECT ASSOCIATION: $75k → 7%EXECUTIVE MBA COUNCIL: $20k → 10%FORTE FOUNDATION: $50k → 10%AACSB INTERNATIONAL THE ASSOC TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS: $29k → 13%PHD PROJECT ASSOCIATION: $75k → 7%EXECUTIVE MBA COUNCIL: $30k → 10%FORTE FOUNDATION: $50k → 10%AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINE: $10k → 13%FORTE FOUNDATION: $50k → 10%AACSB INTERNATIONAL THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINE: $7k → 13%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

NH
NY
MA
IN
PA
NJ
CA
NE
MD
NC
DC
GA
TX
FL

Grants abroad, by region: $267k on the FY2024 return

Schedule F, as filed: 9 regions, $175k to organizations and $92k to individuals. The IRS asks for region and purpose, not the recipient, so no country or grantee can be named here.

Europe (including Iceland and Greenland)$120k · 45% · 1 grant · 68 people

Stated purpose: SPONSORSHIP FOR GLOBAL ACTIVITIES · FEE WAIVER

North America (Canada and Mexico)$80k · 30% · 1 grant · 19 people

Stated purpose: SPONSORSHIP FOR GLOBAL ACTIVITIES · FEE WAIVER

South Asia$32k · 12% · 117 people

Stated purpose: FEE WAIVER

East Asia and the Pacific$13k · 5% · 50 people

Stated purpose: FEE WAIVER

Sub-Saharan Africa$13k · 5% · 51 people

Stated purpose: FEE WAIVER

Middle East and North Africa$7k · 3% · 26 people

Stated purpose: FEE WAIVER

Russia and Neighboring States$1k · 0% · 5 people

Stated purpose: FEE WAIVER

South America$750 · 0% · 3 people

Stated purpose: FEE WAIVER

Central America and the Caribbean$500 · 0% · 2 people

Stated purpose: FEE WAIVER

How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving. Grants abroad on Schedule F are filed by region, purpose and amount with no recipient name, so they are shown by region and cannot be placed on the country map or matched to a grantee.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

92%of every dollar goes to organizations it has funded before.
$1.8M · 10 repeat orgs$143k to everyone else

10 repeat relationships: 5 still active in FY2024, 5 since wound down.

How the two cohorts compare

Re-uppedFunded once

Organizations

10
9

Total granted

$1.8M
$143k

Median revenue growth · since first grant

+28%
+45%

Still filing today

70%
67%

New vs renewed · share of each year

In FY2024, 100% of grant dollars renewed an existing relationship; $0 went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
EducationCivil RightsCommunity ImprovementEmploymentSocial ScienceOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • TF
    THE FORTE FOUNDATION
    8× · 2017–2024 · $400k · revenue +75%
  • AI
    AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS
    6× · 2019–2024 · $333k · revenue +28%
  • GB
    GLOBAL BUSINESS SCHOOL NETWORK
    4× · 2021–2024 · $32k · revenue +18%

Funded once

  • TRUSTEES OF BOSTON UNIVERSITYgraduated
    one grant, 2017 · $75k · revenue +45%
  • AO
    ASSOCIATION OF TEST PUBLISHERS
    one grant, 2017 · $18k · revenue +11%
  • NC
    NATIONAL COUNCIL ON MEASUREMENT IN EDUCATION INCgraduated
    one grant, 2019 · $12k · revenue +73%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
University Professional and Continuing Education Association

University professional and continuing education association (upcea) advances leadership in professional, continuing and online education. the association is dedicated to meeting the needs of professional members and the institutions they…

Education
2
American Association of State Colleges and Universities

Aascu is a washington, d.c. based higher education association that represents the sector of over 500 regional public colleges, universities, and systems whose members share a learning and teaching centered culture, a commitment to…

Education
3
Academy of International Business

We create, nurture, and empower a global community of scholars focused on creating, advancing, and disseminating knowledge in international business research, education, policy, and practice.

Education
4
American Institute of Certified Public Accountants

The american institute of certified public accountants is a membership organization whose primary exempt purposes are to serve and unite the accountancy profession, to develop and maintain high professional standards, to advance the…

—
5
Institute of International Bankers

The iib represents the interests of the international banking community before u.s. legislative/regulatory bodies liaises with international regulatory bodies serves as a source of information to the media and other interested parties…

—
6
National Association of College and University Attorneys

To advance the practice of higher education attorneys for the benefit of the institutions they serve.

—
7
National Association for College Admission Counseling

Empowering college admission counseling professionals through education, advocacy, and community.

Education
8
National Association of College and University Business Officers

The usual public activitites of the national association of college and univsersity business officers (nacubo) are to develop, promote, and improve business and financial principles and practices in the administration of institutions of…

—
9
Society of American Business Editors and Writers

Members of the society for advancing business editing and writing (sabew) band together in the individual and collective pursuit of the highest standards of economic journalism. it is sabew's mission as an independent, non-profit…

Arts & Culture
10
International Academy of Oral Medicine & Toxicology Inc

The organization provides peer reviewed scientific research and education in the field of biological dentistry.

Health
11
Association of Governing Boards of Universities and Colleges

The association of governing boards of universities and colleges advances higher education as a public good by preparing college, university, and foundation governing boards to fulfill their fiduciary duties and exemplify the highest…

Education
12
National Association of Intercollegiate Athletics

The national association of intercollegiate athletics (naia)'s mission is to promote the education and development of students through intercollegiate athletics participation.

—
How this is measured
The grantee most central to the portfolio’s shape is Aacsb International - the Association to Advance Collegiate Schools of Business; the most unlike its peers is International Test Commission Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

14 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 14 of the 19 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
4
Early backer (in before they grew)
13/14
Grantees still filing
11/14
Grew since first funded

Where the money sits, by cause and then by grantee

AACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS: $333,019 · EducationAACSB INTERNATIONAL - THE ASSOCIAT…EXECUTIVE MBA COUNCIL: $170,000 · EducationEXECUTIVE MBA COUNCILGLOBAL BUSINESS SCHOOL NETWORK: $32,000 · EducationGLOBAL BUSINESS SCHOOL NETWORKMANAGEMENT LEADERSHIP FOR TOMORROW: $30,000 · EducationNational HBCU Business Deans Roundtable Inc: $22,500 · EducationTHE PHD PROJECT ASSOCIATION: $550,000 · Civil RightsTHE PHD PROJECT ASSOCIATIONTHE FORTE FOUNDATION: $400,000 · EmploymentTHE FORTE FOUNDATIONAACSB INTERNATIONAL: $198,433 · OtherAACSB INTERNATIONALTRUSTEES OF BOSTON UNIVERSITY: $75,000 · OtherTRUSTEES OF BOSTON U…ASSOCIATION OF TEST PUBLISHERS: $18,352 · OtherWYNNE COMMUNICATIONS: $13,500 · OtherNATIONAL COUNCIL ON MEASUREMENT IN EDUCATION INC: $12,000 · Other+5 more: $33,000 · Other+5 moreTHE ASPEN INSTITUTE INC: $10,000 · Social ScienceCAREER SERVICES & EMPLOYER ALLIANCE INC: $5,000 · Community Improvement
Education$587,519Civil Rights$550,000Employment$400,000Other$350,285Social Science$10,000Community Improvement$5,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetTHE PHD PROJECT ASSOCIATION: $550,000 over 5y, 13% of budgetTHE FORTE FOUNDATION: $400,000 over 8y, 1.3% of budgetAACSB INTERNATIONAL - THE ASSOCIATION TO ADVANCE COLLEGIATE SCHOOLS OF BUSINESS: $333,019 over 6y, 0.4% of budgetEXECUTIVE MBA COUNCIL: $170,000 over 7y, 4.0% of budgetTRUSTEES OF BOSTON UNIVERSITY: $75,000 over 1y, 0.0% of budgetGLOBAL BUSINESS SCHOOL NETWORK: $32,000 over 4y, 1.1% of budgetMANAGEMENT LEADERSHIP FOR TOMORROW: $30,000 over 2y, 0.1% of budgetASSOCIATION OF TEST PUBLISHERS: $18,352 over 1y, 0.8% of budgetNATIONAL COUNCIL ON MEASUREMENT IN EDUCATION INC: $12,000 over 1y, 1.7% of budgetTHE ASPEN INSTITUTE INC: $10,000 over 1y, 0.0% of budgetINTERNATIONAL TEST COMMISSION INC: $8,000 over 1y, 3.1% of budgetNational Council of Beta Alpha Psi: $5,000 over 1y, 0.3% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a set of overlaps that mostly run through this funder rather than between each other.

Kpmg US Foundation Inc
Kpmg US Foundation IncNJ13.5× affinity4 shared granteesties to 0 of 0Hover any node to trace its alignments.Compare side by side →

Open a dossier: Kpmg US Foundation Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Graduate Management Admission Council funds: left to right is the share of its income from government, bottom to top the share from Graduate Management Admission Council. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 40%1%3%6%10%funder's share of their income ↑0%4%8%11%15%share of the org’s income from government →median 12%
  • Trustees of Boston University: 12% of income from government
  • Aacsb International - the Association to Advance Collegiate Schools of Business: 0% of income from government
no gov moneyreceives it· size = income
4get no government money at all
0rely on government for over half their income
⤢ axis zoomed · 0–15%
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 19 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

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More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home