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THE ANDREW W MELLON FOUNDATION

NEW YORK, NY · EIN 131879954 · Form 990PF · FY2024 · NTEE B82 · Education · Very Large (>$50M)
revenue
$1.1B
expenses
$108.9M
net assets
$7.2B
employees
profile · synthesized from sources

The Andrew W Mellon Foundation is a major private foundation based in New York that supports initiatives in higher education, cultural heritage, and the arts. It funds nonprofit organizations across the United States and globally, with a focus on equity, knowledge preservation, and inclusive narratives in history and culture. The foundation operates primarily through large-scale grantmaking.

named programs · 5 · from sources

What they call their work

African American Cultural Heritage Action Fund
Grantmaking and preservation initiative supporting Black historic sites and community-led commemoration projects
American Archive of Public Broadcasting
Preserves and provides access to historic public media content for research and public use
Freedom Reads
Installs curated libraries in juvenile detention centers and supports literacy and intellectual freedom for incarcerated youth
Mellon Mays Undergraduate Fellowship Program
Supports undergraduate students from underrepresented groups to pursue PhDs and academic careers in the humanities and social sciences
Monument Lab
Supports public art and critical memory projects that reimagine monuments and civic spaces through community engagement
activities · 6 groups

What they do

  • Historic Preservation Support Grants 5 activities
    • Funding Monument Lab’s RE:GENERATION program and narrative change initiatives
      Funds the expansion of Monument Lab’s RE:GENERATION program, including field building, narrative change work, and general operations to reimagine public monuments and civic memory.
    • Funding cultural memorials and commemorations of slavery
      Funds the planning, development, and creation of cultural spaces and memorials that commemorate the history of slavery, including at Richmond’s Shockoe Bottom Train Shed and Montpelier, with an emphasis on public memory and historical reckoning.
    • Funding semi-permanent monument installations in underserved communities
      Funds the semi-permanent installation of monuments in historically marginalized neighborhoods, such as South Central, to affirm community identity and history.
    • Funding the African American Cultural Heritage Action Fund
      Funds the African American Cultural Heritage Action Fund’s grantmaking, programs, marketing, technical assistance, and three signature preservation projects to protect and promote Black cultural sites.
    • Funding the Chicago Monuments Project and community-led commemorative initiatives
      Funds the Chicago Monuments Project and citywide, community-initiated commemorative efforts to critically assess and reshape public memorials and historical narratives.
  • Artist Support Grants 1 activity
    • Funding Black dance innovation through regranting
      Funds a regranting program to support artists and companies shaping the future of Black dance, enabling field-wide artistic development and sustainability.
  • Literacy Program Funding 1 activity
    • Funding Freedom Reads’ library expansion and organizational capacity
      Funds Freedom Reads to scale its installation of curated library collections in community spaces and to strengthen its organizational infrastructure.
  • Public Media Funding 1 activity
    • Funding preservation of public broadcasting archives
      Funds the American Archive of Public Broadcasting to preserve endangered public media content and ensure long-term access for research and education.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding the Mellon Mays Undergraduate Fellowship Program
      Funds the administration and annual institutional renewals for the Mellon Mays Undergraduate Fellowship Program, which supports underrepresented students pursuing academic careers in the humanities and humanistic social sciences.
  • Uncategorized 1 activity
    • Funding the Center for Puerto Rican Studies’ Rooted & Relational Initiative
      Funds the continuation of the Center for Puerto Rican Studies’ Rooted & Relational Initiative, supporting research and programming that strengthens diasporic and island-based connections.
financials · form 990PF · fy2024
revenue
Total revenue$1.06B
Contributions & grants
Program service revenue
Investment income$43.56M4%
Other revenue$1.02B
expenses
Total expenses$108.93M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$7.81M
Grants paid out$555.00M
balance sheet
Total assets$7.82B
Cash
Investments
Liabilities
Net assets$7.21B
5 years on record · 2020–2024 · YoY revenue +135.2%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 17
NameTitleHours/wkCompensation
ELIZABETH ALEXANDER PRESIDENT 50 $2.20M
SCOTT TAYLOR CHIEF INVESTMENT OFFICER 50 $1.97M
SHEREE CARTER-GALVAN CHIEF LEGAL OFFICER 50 $950K
JULIE EHRLICH EVP & COO 50 $770K
CARTER STEWART EVP, PROGRAMS & RESEARCH 50 $743K
SEPIDEH SEPASI CFO & TREASURER 50 $678K
KATHRYN HALL TRUSTEE, BOARD CHAIR 6 $75K
HEATHER GERKEN TRUSTEE 5 $60K
JONATHAN HOLLOWAY TRUSTEE 5 $60K
KELLY ANN GRANAT TRUSTEE 5 $53K
GAURAV KAPADIA TRUSTEE 5 $40K
MELISSA GILLIAM TRUSTEE 5 $40K
SHERRILYN IFILL TRUSTEE 5 $40K
THELMA GOLDEN TRUSTEE 5 $40K
MARYANA ISKANDER TRUSTEE (BEG 03/2024) 5 $27K
PAUL FARBER TRUSTEE (BEG 03/2024) 5 $27K
JOSHUA S FRIEDMAN TRUSTEE (END 03/2024) 5 $20K
relationships · 11

Who they work with

  • AMERICAN COUNCIL OF LEARNED SOCIETIES Partner — Receives funding to administer the Mellon Mays Undergraduate Fellowship Program.
  • CITY OF RICHMOND Partner — Receives funding to develop a cultural space at the Shockoe Bottom Train Shed to commemorate the history of slavery.
  • FREEDOM READS Partner — Receives renewed support to scale library installations and expand organizational capacity.
  • HUNTER COLLEGE Partner — Receives funding to continue the Center for Puerto Rican Studies’ Rooted & Relational Initiative.
  • LOS ANGELES NOMADIC DIVISION Partner — Receives funding for the semi-permanent installation of a monument to South Central.
  • MONTPELIER FOUNDATION Partner — Receives funding to create a memorial to individuals who were enslaved at Montpelier.
  • MONUMENT LAB Partner — Receives funding to expand the RE:GENERATION program, field building, and narrative change work.
  • NATIONAL TRUST FOR HISTORIC PRESERVATION IN THE UNITED STATES Partner — Receives funding for the African American Cultural Heritage Action Fund’s grantmaking and preservation projects.
  • THE CITY OF CHICAGO DEPARTMENT OF CULTURAL AFFAIRS AND SPECIAL EVENTS Partner — Receives funding for the Chicago Monuments Project and community-initiated commemorative initiatives.
  • THE INTERNATIONAL ASSOCIATION OF BLACKS IN DANCE INC Partner — Receives funding to support a regranting program for Black dance artists and companies.
  • WGBH EDUCATIONAL FOUNDATION Partner — Receives funding to preserve endangered public media holdings through the American Archive of Public Broadcasting.
strategies · 3

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Commemorative Cultural Infrastructure for Historical Reckoning
    methodology: cultural_reckoning
    By funding cultural spaces that memorialize and interpret the history of slavery, we produce deeper public historical understanding because physical and programmatic engagement with difficult histories fosters collective reckoning and civic learning.
  • Field-Building Through Regranting to Marginalized Artists
    methodology: field_building_regranting
    By supporting regranting programs that direct resources to Black artists and dance companies, we strengthen cultural ecosystems because decentralized, community-informed funding increases artistic innovation and sustainability in historically excluded sectors.
  • Pipeline Development for Underrepresented Scholars
    methodology: pipeline_development
    By funding institutional participation in the Mellon Mays Undergraduate Fellowship, we produce a more diverse academic pipeline because early preparation and mentorship increase the likelihood of doctoral study among students from underrepresented backgrounds.