· Public charity
The Ayco Charitable Foundation
Encourage and promote philanthropy and charitable giving.
Read this first · the figures below need context
91% of The Ayco Charitable Foundation’s FY2025 grant dollars went to Goldman Sachs Philanthropy Fund, not to grantees.
Its money now reaches organizations through that sponsor, which does not report who recommended each grant. FY2025 names 2282 organizations directly, so a portfolio cannot be read from it. Everything below is therefore FY2024, the last year The Ayco Charitable Foundation named its own grantees at scale: 4338 organizations, $288M. It is dated, not current.
Organizations named directly on the return
Amber years are those where most dollars went to a sponsor.
What you funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year — across FY2020–2025.
Where the money goes
Your grants by size, and where they go.
The 4,718 grants below total $287,680,130 — the rows itemised in this filing. The $301,861,484 headline is the total grant expense reported on the return, so the remaining $14,181,354 is giving the schedule does not break out: grants under the $5,000 itemisation floor, grants to individuals, and grants reported on other schedules. Every figure below describes the itemised rows only.
By grant size · FY2024
- Under $10k1009 grants · $6.9M
- $10k–50k2716 grants · $52M
- $50k–250k778 grants · $74M
- $250k+215 grants · $155M
| Recipient | Amount |
|---|---|
| GS DONOR ADVISED PHILANTHROPY FND FOR WEALTH MGMT | $22,323,754 |
| MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION | $8,268,400 |
| DEPAUL UNIVERSITY | $2,684,000 |
| TRUSTEES OF PRINCETON UNIVERSITY | $2,630,637 |
| SOUTHERN ILLINOIS UNIVERSITY FOUNDATION | $2,517,500 |
| FOUNDATION FOR INDIANA UNIVERSITY OF PENNSYLVANIA | $2,502,500 |
| DUKE UNIVERSITY | $2,396,050 |
| ILLINOIS WESLEYAN UNIVERSITY | $2,165,000 |
| BOULDER CREST FOUNDATION | $2,125,000 |
| VIRGINIA TECH FOUNDATION INC | $1,933,000 |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND | $1,773,223 |
| NATIONAL PHILANTHROPIC TR | $1,601,697 |
| GENERAL COUNCIL OF THE UNITED METHODIST CHURCH | $1,531,437 |
| TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA | $1,527,850 |
| CARNEGIE MELLON UNIVERSITY | $1,498,500 |
Do your dollars go where the need is?
Each grant placed by the hardship in its grantee’s ZIP, then read against the area’s typical level.
Your human-services grants (FY20–25, $24.0M) land where the poverty rate runs at 13%, against an area that typically sits at 10%. 71% of those dollars go to grantees based in above-average-need neighborhoods. Most of your grants land in higher-need ZIPs.
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty linein the grantee’s ZIP, averaged from the tracts in that ZIP; grantee ZIP can differ from where services are delivered.
Which US states your grants reach
US grants placed by each grantee’s ZIP, which can differ from where services are actually delivered. Need from public data — U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA — shown as context about the area, never attributed to your giving.
Who you back again
Which organizations you funded more than once, and which you funded a single time. Each grantee is matched to its own filings.
And the relationships you keep tend to grow: grantees you re-up on have seen median revenue of +35% since the first grant, against -2% for the ones you funded once.
1762 repeat relationships — 1528 still active in FY2024, 234 since wound down; 46 grantees were first funded in FY2024 (too recent to call). Read against FY2024, the last year this funder named its own grantees directly; its giving has since run through a sponsor, which reports no donor behind each grant.
How the two cohorts compare
Organizations
Total granted
Median revenue growth · since first grant
Still filing today
New vs renewed · share of each year
In FY2025, 96% of grant dollars renewed an existing relationship; $4.4M went to new ones.
Where new relationships form · theme of each grantee’s first grant
First-time = a grantee’s first year in your filing window; renewed = funded in an earlier year too. As a portfolio matures the renewed share naturally climbs — once funded, an org stays “renewable” — so the signal is the years that buck it (a new-grantee intake wave). 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
- MTMONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION6× · 2020–2025 · $25M · revenue +85% · 84% of their budget
Cornell University6× · 2020–2025 · $13M · revenue +46%
DUKE UNIVERSITY6× · 2020–2025 · $9.1M · revenue +49%
Funded once
- LWLIVING WORD LUTHERAN CHURCHone grant, 2022 · $3.4M
- URUC RIVERSIDE FOUNDATIONone grant, 2020 · $1.3M · revenue -15%
- TWTIGER WOODS FOUNDATION INCgraduatedone grant, 2021 · $1.3M · revenue +70%
Repeat = funded in two or more distinct years; growth and survival are read from each grantee’s own subsequent IRS filings.
The map has a center of gravity: the average direction from the rest of the sector toward the organizations the foundation funds — the shape of its giving. Scoring every nonprofit along that direction surfaces the ones that look most like the portfolio. These are the closest matchesthat aren’t grantees — a resemblance in what they say they do, not a recommendation.
Founded 131 years ago, the boston architectural college is a recognized institution providing excellence in practice-integrated design education to members of diverse communities with students representing 35 countries. the bac offers…
See schedule ouniversity of new haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts & professional education.
To advance professional, literary, and scientific understanding of sea power.
Offer a challenging education that develops the qualities of mind, spirit and body for students.
Provide clinical instruction to and supervision of medical school students, interns and residents and, incident thereto, rendering professional services.
Provide clinical instruction to and supervision of medical students, interns and residents and, incident thereto, rendering professional services.
Columbia College improves lives by providing quality education to both traditional and nontraditional students, helping them achieve their true potential.
University of the sciences prepares students to become leaders in the sciences. see sch. ouniversity of the sciences prepares students to become leaders, innovators, and skilled practitioners in the sciences, the health professions, and…
Provide clinical instruction to and supervision of medical school students, interns and residents and, incident thereto, rendering professional services.
Provide clinical instruction to and supervision of medical school students, interns and residents and, incident thereto, rendering professional services.
Washington college challenges and inspires emerging citizen leaders to discover lives of purpose and passion.
To improve lives and provide students with exceptional value in 21st century professional education.
For reference, the grantee most central to the portfolio’s shape is The Basic Fund and the most unlike its peers is Sesame Workshop. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
For each theme you fund, this compares how the sector’s money is shifting with how your own giving is shifting.
Sector change and giving change are each shown relative to their own range, growing (right) or shrinking (left); both normalized, so inflation isn’t mistaken for growth.
Your grantees are a median of 38 years old; the field is 16. You back the established end — and your money leans older still.
The field is 22% startups (under 5 years old) — 2% of your grantees by number, and just 1% of your money.
The orgs you fund almost never close — 0.5% lost their exemption, against 11% of the field you don’t fund.
Age = years since IRS exemption (a founding proxy). “Closed” = auto-revocation for 3 years of non-filing — a floor on closure, not proof, and bigger established orgs lapse least. Association, not causation.
1660 grantees tracked through their own filings, 2017–2025.
Each one resolved to its own IRS returns and tracked year by year — your grant beside their revenue from every source. Association, dated; never a causal claim.
Counted here: distinct organizations you funded across 2017–2025, not grant rows in a single year — so this will not match the grant count on the cover. 1660 of the 2,000 grantees resolved in that span have returns of their own we could reconcile; the rest are funded organizations whose filings we could not track year by year.
Where your money sits — by cause, then by grantee
Showing your 200 largest grantees by grant value.
Each org by its size and your share of it — top-left is where you’re load-bearing
Go grantee by grantee — a decade per org, and how each moved after you funded them
A decade per grantee — revenue shaded, your grants as bars, all rows on one timeline.
- Who funds GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC ↗
- Who funds FIDELITY INVESTMENTS CHARITABLE GIFT FUND ↗
- Who funds MONTANA TECHNOLOGICAL UNIVERSITY FOUNDATION ↗
- Who funds NATIONAL PHILANTHROPIC TRUST ↗
- Who funds DONOR ADVISED CHARITABLE GIVING INC ↗
- Who funds Cornell University ↗
- Who funds VIRGINIA TECH FOUNDATION INC ↗
- Who funds DUKE UNIVERSITY ↗
- Who funds Carnegie Mellon University ↗
- Who funds The Trustees of Princeton University ↗
- Who funds ILLINOIS WESLEYAN UNIVERSITY ↗
- Who funds The University of North Carolina at Asheville Foundation Inc ↗
- Who funds UC SAN DIEGO FOUNDATION ↗
- Who funds MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC ↗
- Who funds THE FOUNDATION FOR INDIANA UNIVERSITY OF PENNSYLVANIA (IUP) ↗
- Who funds MONROE COMMUNITY COLLEGE FOUNDATION INC ↗
- Who funds American National Red Cross & Its Constituent Chapters and Branches ↗
- Who funds AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH ↗
- Who funds NATURAL RESOURCES DEFENSE COUNCIL INC ↗
- Who funds TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA ↗
- Who funds IOWA STATE UNIVERSITY FOUNDATION ↗
- Who funds ST JUDE CHILDREN'S RESEARCH HOSPITAL INC ↗
- Who funds Massachusetts Institute of Technology ↗
- Who funds ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY ↗
- Who funds UNIVERSITY OF ROCHESTER ↗
- Who funds AMERICAN ACADEMY OF ARTS & SCIENCES ↗
- Who funds MEDECINS SANS FRONTIERES USA INC ↗
- Who funds THE COMMUNITY FOUNDATION OF LOUISVILLE INC ↗
- Who funds United Way of Greater Houston ↗
- Who funds KANSAS STATE UNIVERSITY FOUNDATION ↗
- Who funds LINCOLN CENTER FOR THE PERFORMING ARTS INC ↗
- Who funds SMITHSONIAN INSTITUTION ↗
- Who funds Culver Educational Foundation ↗
- Who funds THE STUDIO MUSEUM IN HARLEM ↗
The grantmakers whose grantees overlap with yours far more than size alone predicts. Each orbits closer the stronger the alignment; the arcs between them show where they also fund each other. Here it reads as a loosely connected circle, clustered around a few shared anchors.
Open a dossier: The Heffernan Family Foundation · Keeler Motor Car Company Charitable Foundation · Kpmg US Foundation Inc · Ernst & Young Foundation · The Kelin Foundation · Weil Gotshal & Manges Foundation Inc · Patrick G and Shirley W Ryan Foundation · Southern Company Charitable Foundation Inc · The Edward E Ford Foundation Xxxxx2009 · Charina Endowment Fund Inc · Ridgefield Thrift Shop Inc · The Goldman Sachs Charitable Gift Fund
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. A research starting point: overlap is association, not proof of shared intent.
Government reliance of your grantees
Every dot is one organization The Ayco Charitable Foundation funds. Left–right is the share of its income from government; up–down is the share from you. Bigger dots raise more. Filter to federal or a single department — and drag the year to watch it move.
- Massachusetts Institute of Technology — 35% of income from government
- United Way of Broward County Inc — 27% of income from government
- Johns Hopkins University — 12% of income from government
- Yale University — 12% of income from government
- The Trustees of Princeton University — 11% of income from government
- Worcester Polytechnic Institute — 8% of income from government
- President and Fellows of Harvard College — 7% of income from government
- Northeastern University — 7% of income from government
- Habitat for Humanity of Broward Inc — 6% of income from government
- Newark Alliance Inc — 6% of income from government
- University of Miami — 5% of income from government
- American Academy of Arts & Sciences — 3% of income from government
- Trustees of Boston College — 3% of income from government
- Chesapeake Bay Foundation Inc — 2% of income from government
- St John's College — 2% of income from government
- President and Fellows of Middlebury College — 1% of income from government
- Wellesley College — 1% of income from government
- Rutgers University Foundation — 0% of income from government
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 your grant caused the public funding. Coverage is precision-first — a floor, not 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 12–24 months.