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ANDERSEN FOUNDATION
NEW YORK, NY · EIN 822795105 · Form 990 · FY2024 · NTEE T31 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$2.1M
expenses
$1.1M
net assets
$6.2M
employees
0
program ratio
98%
mission · from form 990

ESTABLISHED TO ALLOW THE PEOPLE OF ANDERSEN TAX LLC TO ASSIST THE GEOGRAPHICAL COMMUNITIES SERVED.

profile · synthesized from sources

Andersen Foundation supports the communities served by Andersen Tax LLC through scholarship programs and hardship relief grants. It provides financial aid to employees and their families for post-secondary education, and offers emergency assistance during personal crises or disasters. The foundation also awards grants to external charities focused on education, humanitarian aid, and community development in regions where Andersen operates.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $451K
    THE FOUNDATION RECOGNIZES THE IMPORTANCE OF HIGHER EDUCATION IN THE DEVELOPMENT AND REFINEMENT OF AN INDIVIDUAL'S CURRENT AND FUTURE CAREER RESPONSIBILITIES AND SKILLS. TO THIS END, THE FOUNDATION PROVIDES SCHOLARSHIP AID TO THE PEOPLE OF ANDERSEN AND THEIR FAMILY MEMBERS. THE PURPOSE OF THE SCHOLARSHIP AID IS TO PROVIDE FINANCIAL ASSISTANCE, INCLUDING USE OF EDUCATIONAL GRANTS, TO ELIGIBLE INDIVIDUALS SEEKING POST-SECONDARY EDUCATION AT ACCREDITED INSTITUTIONS. INDIVIDUALS SEEKING SCHOLARSHIP AID APPLIED FOR THE PROGRAM THROUGH A PREESTABLISH APPLICATION WHICH IS DISSEMINATED THROUGH ELECTRONIC, LOCAL OFFICE COMMUNICATION. ONCE COMPLETED, RECIPIENTS ARE SELECTED BY THE FOUNDATION'S SELECTION COMMITTEE BASED ON OBJECTIVE STANDARDS. THE COMMITTEE IS A GEOGRAPHICALLY DIVERSE GROUP CONSISTING OF TWELVE PEOPLE. THE COMMITTEE REVIEWS EACH SCHOLARSHIP APPLICATION AND ADMINISTERS SCHOLARSHIP AID TO GRANTEES BASED ON FINANCIAL NEED, ACADEMIC MERIT, AND SCHOLASTIC ACHIEVEMENT. THE AMOUNT OF SCHOLARSHIP AID AWARDED TO EACH RECIPIENT VARIES BASED ON THE SELECTION CRITERIA, THE NUMBER OF ELIGIBLE APPLICANTS AND THE AMOUNT OF FUNDS AVAILABLE. INDIVIDUALS WHO ARE AWARDED SCHOLARSHIP AID EITHER RECEIVE THE FUNDS DIRECTLY OR SUCH FUNDS ARE PAID DIRECTLY TO THE ACCREDITED INSTITUTION FOR APPLICATION TOWARDS THE INDIVIDUAL RECIPIENT'S DEGREE PROGRAM. THE FOUNDATION AWARDED FORTY-EIGHT SCHOLARSHIPS IN 2024 RANGING FROM $2,500 TO $15,000.
  2. #2 $524K
    TO THE EXTENT THE FOUNDATION CANNOT DIRECTLY ASSIST IN LOCAL COMMUNITY EFFORTS, IT MAKES GRANTS TO OTHER CHARITIES THAT ARE ALREADY DIRECTLY ASSISTING IN THESE COMMUNITIES. THIS YEAR THE FOUNDATION MADE GRANTS TO ORGANIZATIONS SUPPORTING COMMUNITIES IN WASHINGTON DC, VIRGINIA, TEXAS, CALIFORNIA, PENNSYLVANIA AND NEW YORK REGIONS. ADDITIONALLY, THE FOUNDATION MADE GRANTS IN SUPPORT OF EFFORTS TO SUPPORT GREATER EDUCATION INITIATIVES IN LINE WITH THE FOUNDATION'S MISSION.
named programs · 3 · from sources

What they call their work

Community Grantmaking Program
Makes grants to qualified 501(c)(3) organizations supporting education, disaster relief, and community development in regions where Andersen Tax LLC operates, including domestic and international areas affected by humanitarian crises.
Emergency Hardship Relief Fund
Offers financial grants to individuals, including Andersen employees and their families, experiencing hardship due to natural disasters, illness, death, or other personal crises. Selection is based on demonstrated need and reviewed by an independent committee.
Employee and Family Scholarship Program
Provides financial assistance for post-secondary education to employees of Andersen Tax LLC and their family members based on financial need, academic merit, and achievement. Awards range from $2,500 to $15,000 and are administered through a competitive application process.
activities · 5 groups

What they do

  • Local High School Scholarship Programs 1 activity
    • Awarding scholarships for post-secondary education
      Provides financial scholarships to individuals pursuing post-secondary education, with 48 awards ranging from $2,500 to $15,000 in 2024 and 37 awards in 2023 within the same funding range.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding disaster response and pandemic relief efforts
      Supports organizations responding to natural disasters and public health emergencies, including wildfires in Australia, hurricanes in Puerto Rico, disasters in California, and the global COVID-19 pandemic, as evidenced by grants awarded in 2020.
  • Church and Congregation-Based Financial Aid 1 activity
    • Funding emergency hardship relief for individuals and families
      Provides direct grant support to individuals and their families facing emergencies, including those affected by the COVID-19 pandemic and serious illness, as demonstrated by relief grants awarded in 2020.
  • Refugee and Immigrant Resettlement Services 1 activity
    • Funding humanitarian aid in international crisis-affected regions
      Provides grants to organizations delivering humanitarian assistance in response to crises in Ukraine, Israel, Palestine, Turkey, and Maui in 2023, reflecting a focus on international emergency response.
  • Uncategorized 1 activity
    • Funding education initiatives through grants to organizations
      Supports education programs by awarding grants to organizations operating in multiple U.S. states, including Washington DC, Virginia, Texas, California, Pennsylvania, and New York, as part of its 2024 grantmaking activities.
financials · form 990 · fy2024
revenue
Total revenue$2.13M
Contributions & grants$1.92M90%
Program service revenue$00%
Investment income$216K10%
Other revenue$0
expenses
Total expenses$1.08M
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$1.06M
Largest expense lineProfessional Fees
balance sheet
Total assets$6.39M
Cash$1.15M
Investments$5.03M
Liabilities$188K
Net assets$6.21M
Liquid reserves68.5 mo
3 years on record · 2020–2024 · YoY revenue +28.0%
leadership · form 990 part vii · fy2024

Who runs it

board members · 3
  • JOSEPH P TOCE JR — TRUSTEE
  • MICHAEL VAN DE LOO — TRUSTEE
  • PEPPER AUSTIN — TRUSTEE
relationships · 1

Who they work with

  • ANDERSEN TAX LLC Government — Foundation established to serve the people of Andersen Tax LLC and their communities.
strategies · 2

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.

  • Employee-Family Scholarship with Merit and Need-Based Selection
    methodology: merit_need_based_scholarships
    By providing scholarship aid to employees and their families based on financial need and academic merit, the foundation incentivizes retention and promotes long-term workforce stability, because investing in employee families strengthens organizational loyalty and human capital.
  • Strategic Grantmaking to Third-Party Implementers
    methodology: strategic_grantmaking
    By funding established charities operating in affected regions, the foundation amplifies impact and ensures effective delivery of aid where direct intervention is not feasible, leveraging existing local expertise and infrastructure.