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THE BLACKROCK CHARITABLE FOUNDATION

NEW YORK, NY · EIN 842144591 · Form 990PF · FY2024 · NTEE T22 · Philanthropy & Grantmaking · Large ($10M-$50M)
revenue
$17.6M
expenses
$957K
net assets
$210.3M
employees
profile · synthesized from sources

The BlackRock Charitable Foundation is a corporate foundation that makes grants to nonprofit organizations focused on financial security, education, and global climate solutions. It funds initiatives that support underserved populations, including low-income individuals, students, and refugees. The foundation operates primarily by funding external organizations rather than direct service delivery.

named programs · 11 · from sources

What they call their work

Advancing Clean Energy Solutions
Supports Breakthrough Energy Catalyst Foundation in accelerating market adoption of new clean energy technologies as part of a $100M, 5-year initiative.
Career and College Advising Expansion
Supports The Commit Partnership to transform and expand college advising services in Dallas County schools.
Cradle-to-Career Planning
Supports Spartanburg Academic Movement to help Union County develop a cradle-to-career education plan and provide professional development.
Dual Enrollment Program Expansion
Supports Learn to Earn Dayton in expanding dual enrollment programming from middle school through postsecondary education.
Financial Benefits for Older Adults
Funds Age UK to deliver financial benefits programs and develop impact measurement systems across the UK.
Financial Empowerment Infrastructure
Funds NYC Kids Rise to develop a neighborhood-based financial empowerment model with a $3.75M, 3-year grant.
Global Crisis Response
Provides funding to the International Rescue Committee for emergency response in crisis-affected regions.
Investor Diaries Research
Funds research to understand investment behaviors of low- to middle-income households who entered capital markets after 2020.
Mineta Ambassador's Program
Funds student exchanges between U.S. and Japanese students through a $2.5M endowment to the US-Japan Council.
Rural Impact Network
Supports Partners for Rural Impact to build a national rural network and deploy micro-grants in rural communities.
Tech Job Training Expansion
Supports Per Scholas to expand free tech job training in rural North Carolina through community college partnerships.
activities · 7 groups

What they do

  • Flexible Grants to Grassroots Organizations 2 activities
    • Funding cradle-to-career education planning in Union County
      Finances Spartanburg Academic Movement (SAM) to help Union County develop a cradle-to-career plan, provide educator professional development, and distribute $150K in rapid response grants to local NGOs.
    • Funding national rural network development and micro-grants
      Supports Partners for Rural Impact Inc to build a national rural network, sponsor six rural convenings, unlock public grants, and deploy $200K in micro-grants to 10 rural practitioners.
  • University-Specific Endowment and Program Funding 1 activity
    • Funding U.S.-Japan student exchange programs
      Supports the US-Japan Council’s Mineta Ambassador's Program to facilitate student exchanges between U.S. and Japanese students.
  • Climate Change Research and Advocacy Funding 1 activity
    • Funding clean energy innovation through Breakthrough Energy Catalyst
      Provides a 5-year $100M grant to the Breakthrough Energy Catalyst Foundation to accelerate the market adoption of new clean energy solutions.
  • Charitable Grantmaking to Specific Causes 1 activity
    • Funding emergency humanitarian aid via International Rescue Committee
      Provides funding to the International Rescue Committee’s Global Crisis Response Fund to support emergency humanitarian aid efforts.
  • Teacher & Classroom Innovation Grants 1 activity
    • Funding expansion of college and career advising in Dallas County
      Awards grants to The Commit Partnership to expand Education Is Freedom’s career and college advising services in Dallas County, including staffing, data systems, and onboarding two additional school districts.
  • Industry-Specific Student Scholarships and Competitions 1 activity
    • Funding rural tech job training expansion in North Carolina
      Supports Per Scholas in North Carolina to expand free tech job training and upskilling programs into rural counties through partnerships with AB-Tech and Blue Ridge Community College.
  • Uncategorized 5 activities
    • Funding development of NYC financial empowerment infrastructure
      Grants funds to NYC Kids Rise Inc to create a comprehensive blueprint for a neighborhood-based financial empowerment infrastructure across New York City.
    • Funding dual enrollment programming from middle school through postsecondary
      Awards grants to Learn to Earn Dayton to expand Ohio’s dual enrollment program with continuous support from middle school through postsecondary attainment.
    • Funding employee savings initiatives for financially vulnerable populations
      Finances Build Commonwealth Inc to deepen employee savings initiatives through opt-out savings trails, demonstration projects with major employers, expansion into new industries, and thought leadership convenings.
    • Funding financial benefits programs for older adults in the UK
      Grants funds to Age UK to deliver financial benefits services across the UK, develop impact measurement systems, and pilot a heat map tool to identify eligible participants.
    • Funding research on low-to-middle income investor behavior
      Finances Build Commonwealth Inc’s Investor Diaries research initiative to study the motivations and capital market participation habits of low-to-middle income households since 2020.
financials · form 990PF · fy2024
revenue
Total revenue$17.62M
Contributions & grants$00%
Program service revenue
Investment income$4.97M28%
Other revenue$12.65M
expenses
Total expenses$957K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$38.12M
balance sheet
Total assets$212.08M
Cash
Investments
Liabilities
Net assets$210.27M
4 years on record · 2020–2024 · YoY revenue -16.6%
leadership · form 990 part vii · fy2024

Who runs it

board members · 10
  • ANNE ACKERLEY THROUGH 712024 — DIRECTOR
  • CAROLINE HELLER — DIRECTOR
  • JIM BADENHAUSEN THROUGH 412024 — DIRECTOR
  • JOHN KELLY — CHAIR & DIRECTOR
  • MARK MCCOMBE — DIRECTOR
  • MICHELLE GADSDEN-WILLIAMS AS OF 38 — DIRECTOR
  • ROBERT KAPITO — DIRECTOR
  • SARAH MELVIN AS OF 7112024 — DIRECTOR
  • STEPHEN COHEN THROUGH 7112024 — DIRECTOR
  • THOMAS DONILON — DIRECTOR
relationships · 11

Who they work with

  • AGE UK Partner — Funded to deliver financial benefits programs and develop tools to identify eligible participants in the UK.
  • BREAKTHROUGH ENERGY CATALYST FOUNDATION Partner — Funded to advance clean energy innovation and market adoption toward net-zero emissions.
  • BUILD COMMONWEALTH INC Partner — Funded to expand employee savings initiatives and conduct research on low-to-middle income investor behavior.
  • INTERNATIONAL RESCUE COMMITTEE Partner — Funded to support global crisis response efforts through its emergency response fund.
  • LEARN TO EARN DAYTON (OH) Partner — Funded to expand dual enrollment programming from middle school through postsecondary education in Ohio.
  • NYC KIDS RISE INC Partner — Funded to develop a blueprint for neighborhood-based financial empowerment infrastructure in New York City.
  • PARTNERS FOR RURAL IMPACT INC (NATIONAL) Partner — Funded to build a national rural network, host convenings, and distribute micro-grants to rural practitioners.
  • PER SCHOLAS (NC) Partner — Funded to expand free tech job training into rural North Carolina through community college partnerships.
  • SPARTANBURG ACADEMIC MOVEMENT (SC) Partner — Funded to support Union County in developing a cradle-to-career plan and provide educator training and rapid-response grants.
  • THE COMMIT PARTNERSHIP (TX) Partner — Funded to transform and expand college and career advising services in Dallas County via Education Is Freedom.
  • US-JAPAN COUNCIL Partner — Funded to support student exchanges between U.S. and Japanese students through the Mineta Ambassador's Program.
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.

  • Accelerating Clean Energy Market Adoption
    methodology: clean-energy-market-acceleration
    By supporting the development and deployment of new clean energy technologies, we drive progress toward net-zero emissions because accelerating market adoption reduces reliance on fossil fuels and scales climate solutions.
  • Expanding Automatic Enrollment to Advance Financial Inclusion
    methodology: automatic-enrollment-financial-inclusion
    By leveraging payroll-based systems and employer partnerships to automatically enroll low-income individuals in savings programs, we improve financial security because it increases participation rates and builds long-term asset accumulation among underserved populations.
  • Using Behavioral Research to Inform Financial Inclusion Strategies
    methodology: behavioral-research-for-financial-inclusion
    By conducting qualitative research on how low- and middle-income households interact with capital markets, we generate actionable insights that inform effective financial inclusion interventions because understanding real-world financial behaviors enables the design of more accessible and impactful programs.