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New York · Nonprofit

INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC

INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC (New York) receives grants from 6 organizations whose IRS filings report $638,000 to it, the largest being NORTHSHORE COMMUNITY FOUNDATION ($255,000). 5 of them have funded it in more than one year, and 93% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$2.0M
Funders on record
6
Grants received
$638k
Net assets
$20M
5/6 repeat funderspeak grant-dependency 7%
01What it does

What International Council of Shopping Centers Foundation Inc does

Mission

The icsc foundation is the philanthropic arm of icsc dedicated to creating a vibrant retail real estate industry responsive to the needs of its members and communities. Its focus is building a pipeline of outstanding talent that can excel in the industry.

As stated on its FY2025 Form 990.

Programs

  1. Undergraduate and graduate scholarship awards:the foundation provides undergraduate and graduate scholarships to students interested in retail real estate. These scholarships are offered directly by the foundation or funded through partner universities. Generally, scholarships cover tuition and related expenses with some additional funding to cover attendance at industry events.

    $688,329 spentof which $421,467 as grants
    57% of program spending
  2. Talent engagement initiatives:the icsc foundation offers student support outside of academic and professional education scholarships through its mentorship, internship and university partners programs as well as education and networking events at icsc conferences.

    $526,112 spentof which $28,997 as grants$63,895 earned by the program
    43% of program spending

The 2 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $1,214,441.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($2.0M) Expenses 100 ($1.2M) Net assets 100 ($12M)2018 Revenue 60 ($1.2M) Expenses 54 ($625k) Net assets 95 ($12M)2019 Revenue 52 ($1.1M) Expenses 55 ($636k) Net assets 110 ($13M)2020 Revenue 215 ($4.3M) Expenses 42 ($484k) Net assets 117 ($14M)2021 Revenue 49 ($992k) Expenses 45 ($525k) Net assets 126 ($15M)2022 Revenue 92 ($1.9M) Expenses 74 ($862k) Net assets 120 ($15M)2023 Revenue 100 ($2.0M) Expenses 104 ($1.2M) Net assets 135 ($16M)2024 Revenue 115 ($2.3M) Expenses 121 ($1.4M) Net assets 145 ($18M)2025 Revenue 101 ($2.0M) Expenses 118 ($1.4M) Net assets 160 ($20M)
'17'18'19'20'21'22'23'24'25
Revenue (101)Expenses (118)Net assets (160)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $12M to $14M (+16%).

$13M
$12M
$14M
$14M
$15M
$15M
$16M
$18M
$20M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

56% of INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (48% for the typical peer).

This organization
Typical peer · 12,352 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.

$862k
’17
$596k
’18
$422k
’19
$3.9M
’20
$467k
’21
$994k
’22
$814k
’23
$923k
’24
$673k
’25
21
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Glenn Rufrano

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed252225253025262829
Joined·+8+12+9+7+0+6+3+8
No longer listed·119925517
03Who funds it

Who funds it, year by year

2018 → 2023: the base held at 2 funders, grant income rose $25k → $45k.

5 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 93% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $600k from one payer (the payer shares this organization's board, largest International Council of Shopping Centers Inc). These are real filings, and they are not money INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC raised.

From the IRS filings of INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC leans on a few funders — its largest provides 40% of grant income and the top three 81%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC.

40%
largest funder
81%
top three
~4
effective funders

Largest funder’s share by year: 2018 50% · 2019 100% · 2020 78% · 2021 71% · 2022 59% · 2023 67% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

93% of INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $48k that is directly attributable, 100% of it comes from funders outside New York, across 1 state.

OH

In-state vs out-of-state, by year

’18
’19
’20
New York out of state home

Funder states come from each funder’s own filing. $591k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC runs a healthier operating margin than three-quarters of the 9,398 education nonprofits its size.

Operating margin33% · top quartile
Months of reserve20.6mo · top quartile
Revenue growth (annualized)0% · bottom quartile

this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025

Organizations like INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

89% of spending goes to programs.

Program 89%Management 9%Fundraising 2%

Governance

25
board members
96%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 29 states

NH
ND
MN
IL
WI
MI
NY
MA
OR
PA
NJ
RI
CA
UT
KY
WV
VA
MD
NM
KS
AR
TN
NC
SC
HI
MS
AL
GA
FL

Part of a family of 4 related entities

  • International Council of Shopping Center · exempt
  • Icsc Foundation Canada · exempt
  • Icsc Political Action Committee · exempt
  • Icsc Non Federal PAC · exempt

Screen this organization

A dated, signed PDF of the compliance screen for INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC?
INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC (New York) receives grants from 6 organizations whose IRS filings report $638,000 to it, the largest being NORTHSHORE COMMUNITY FOUNDATION ($255,000). 5 of them have funded it in more than one year, and 93% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC have?
IRS filings report 6 organizations giving $638,000 in grants to INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC, 5 of which have funded it in more than one year.
Who is the largest funder of INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC?
NORTHSHORE COMMUNITY FOUNDATION is the largest funder on record, with $255,000 in grants. The full list of funders is on this page.
How can an organization like INTERNATIONAL COUNCIL OF SHOPPING CENTERS FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing