PWC FOUNDATION INC

EIN: 136116238 501(c)(3) Education

NEW YORK, NY

Total Revenue
$41,647,447
Total Expenses
$26,750,301
Total Assets
$79,603,231
Net Assets
$67,375,749
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
NY
Principal Officer
TRACEE JONES
Phone
8133487725
Tax Period
2024-10-01 to 2025-09-30

PWC FOUNDATION INC, founded in 1942, is a mid-sized nonprofit in the Education sector that reported $41.6M in total revenue in fiscal year 2024. Revenue surged 468% from the prior year, signaling strong growth momentum. The organization ran a surplus of $14.9M, a strong 36% operating margin.

Mission

THE PwC FOUNDATION, INC., (THE FOUNDATION) IS A SECTION 501(C)(3) ORGANIZATION THAT IS FORMED UNDER THE NONPROFIT LAWS OF THE STATE OF NEW YORK. THE FOUNDATION'S MISSION IS TO UNLOCK POTENTIAL AND ACCELERATE PATHS TO OPPORTUNITY. THE FOUNDATION'S GRANT MAKING ACTIVITIES ARE DIRECTED TO THREE CAUSES AREAS: 1)EDUCATION: TO CLOSE THE OPPORTUNITY GAP AND SUPPORT THE DEVELOPMENT OF THE NEXT GENERATION OF LEADERS THROUGH GRANTS AND CONTRIBUTIONS TO CHARITABLE ORGANIZATIONS THAT CREATE INNOVATIVE PROGRAMS AND INITIATIVES THAT EQUIP STUDENTS WITH THE CRITICAL SKILLS FOR SUCCESS, LAY A SUSTAINABLE FOUNDATION FOR EDUCATIONAL GROWTH AND PROVIDE ACCESS TO COLLEGE AND CAREER PATHWAYS. 2) TO INVEST IN MITIGATION, PREPARATION, RESPONSE AND RECOVERY SOLUTIONS TO REDUCE VULNERABILITIES TO NATURAL DISASTER IMPACTS, HELP COMMUNITIES BECOME MORE RESILIENT, AND BUILD DISASTER RESPONSE CAPABILITY. 3)THE PEOPLE OF PwC: TO PROVIDE NEED-BASED FINANCIAL SUPPORT TO PwC PARTNERS, PRINCIPALS AND EMPLOYEES AFFECTED

Program Service Accomplishments

Program 1
Expenses: $22,122,500 Revenue: $0

GRANTS AND EXPENDITURES TO SUPPORT EDUCATIONAL CHANGE TO HELP CLOSE THE OPPORTUNITY GAP. INCLUDES 495 GRANTS MADE PRIMARILY TO PUBLIC CHARITIES AND OTHER PROGRAM RELATED EXPENDITURES INCURRED FOR...

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GRANTS AND EXPENDITURES TO SUPPORT EDUCATIONAL CHANGE TO HELP CLOSE THE OPPORTUNITY GAP. INCLUDES 495 GRANTS MADE PRIMARILY TO PUBLIC CHARITIES AND OTHER PROGRAM RELATED EXPENDITURES INCURRED FOR EDUCATIONAL CONTENT.

Program 2
Expenses: $4,416,236 Revenue: $0

260 GRANTS MADE TO INDIVIDUALS EXPERIENCING EMERGENCY FINANCIAL HARDSHIP AND TO PUBLIC CHARITIES TO INVEST IN MITIGATION, PREPARATION, RESPONSE AND RECOVERY SOLUTIONS TO REDUCE VULNERABILITIES TO...

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260 GRANTS MADE TO INDIVIDUALS EXPERIENCING EMERGENCY FINANCIAL HARDSHIP AND TO PUBLIC CHARITIES TO INVEST IN MITIGATION, PREPARATION, RESPONSE AND RECOVERY SOLUTIONS TO REDUCE VULNERABILITIES TO NATURAL DISASTER IMPACTS, HELP COMMUNITIES BECOME MORE RESILIENT, AND BUILD NATURAL DISASTER RESPONSE CAPABILITY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $38,444,880
Program Service Revenue $0
Investment Income $3,202,567
Other Revenue $0
TOTAL REVENUE $41,647,447

Expense Breakdown

Grants Paid $23,301,236
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $26,538,736
Other Expenses $3,449,065
TOTAL EXPENSES $26,750,301

Year-over-Year Comparison

2024 2023 Change
Revenue $41,647,447 $7,332,357 +4.7%
Expenses $26,750,301 $38,958,524 -0.3%
Net Income $14,897,146 $-31,626,167 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
66

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SUTPHIN TRUSTEE/PRESIDENT 5.0
Officer Director
$0 $0 $0
JEAN E LEE TRUSTEE/TREASURER 5.0
Officer Director
$0 $0 $0
CHRISTINE FREYERMUTH TRUSTEE/SECRETARY 5.0
Officer Director
$0 $0 $0
ELIZABETH DIEP TRUSTEE 5.0
Director
$0 $0 $0
RAKESH BHATIA TRUSTEE 1.0
Director
$0 $0 $0
JEANETTE DERN TRUSTEE 1.0
Director
$0 $0 $0
STACEY EMPSON TRUSTEE 1.0
Director
$0 $0 $0
AMANDA FOSTER TRUSTEE 1.0
Director
$0 $0 $0
JEANELLE JOHNSON TRUSTEE 1.0
Director
$0 $0 $0
TRACEE JONES TRUSTEE 1.0
Director
$0 $0 $0
JAMES KOLAR TRUSTEE 1.0
Director
$0 $0 $0
SAMEER MELEHANI TRUSTEE 1.0
Director
$0 $0 $0
MARIA MOATS TRUSTEE 1.0
Director
$0 $0 $0
KAYVAN SHAHABI TRUSTEE 1.0
Director
$0 $0 $0
MARTIN CHIP SHERRILL TRUSTEE 1.0
Director
$0 $0 $0
VANESSA SALINAS BECKSTROM TRUSTEE 1.0
Director
$0 $0 $0
DOUG TORLINE TRUSTEE 1.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $41,647,447 $26,750,301 $79,603,231 $14,897,146
2024 $7,332,357 $38,958,524 $77,145,151 $-31,626,167
2023 $23,656,851 $37,700,423 $109,301,795 $-14,043,572
2022 $35,126,012 $26,597,329 $110,028,643 $8,528,683
2021 $48,848,686 $18,588,139 $102,327,262 $30,260,547
2020 $35,716,869 $27,766,361 $73,186,374 $7,950,508
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