COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

ERNST & YOUNG FOUNDATION
NEW YORK, NY · EIN 136094489 · Form 990 · FY2024 · NTEE B120 · Education · Large ($10M-$50M) · ey.com
revenue
$22.2M
expenses
$19.4M
net assets
$44.3M
employees
0
volunteers
7
program ratio
100%
profile · synthesized from sources

The website content describes EY-Parthenon, a strategy consulting arm of the professional services firm EY, offering M&A advisory, divestment strategy, due diligence, and integration services to corporate clients. It focuses on helping organizations drive growth through transactions, leveraging AI-powered tools and sector-specific insights. The content is commercial in nature and relates to for-profit business consulting services.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $10.22M
    MATCHING GIFTS PROGRAM FOR HIGHER EDUCATION - SUBJECT TO CERTAINLIMITS, THE FOUNDATION MATCHES DOLLAR-FOR-DOLLAR CONTRIBUTIONS BYPARTNERS AND EMPLOYEES OF ERNST & YOUNG LLP TO ACCREDITEDEDUCATIONAL INSTITUTIONS THAT MEET CERTAIN REQUIREMENTS.
  2. #2 $3.46M
    EDUCATIONAL AND SPECIAL PROJECT GRANTS - THIS ENCOMPASSES GRANTSFOR SPECIAL PROJECTS SUCH AS EDUCATION FORUMS, RESEARCH STUDIESAND GRADUATE TAX PROGRAMS AND FOR THE IMPROVEMENT OF EDUCATIONALOPPORTUNITIES FOR THE DISADVANTAGED AND OTHER SPECIAL EDUCATIONALPROJECTS.
named programs · 5 · from sources

What they call their work

Divestment Strategy Consulting
Advises companies on portfolio optimization through carve-outs, spin-offs, and joint ventures to improve enterprise value.
Due Diligence Services
Offers financial, tax, commercial, operational, IT, cyber, and sustainability due diligence for transactions.
Joint Ventures and Alliances
Provides lifecycle advisory for forming and managing joint ventures and strategic alliances.
M&A Advisory Services
Provides end-to-end support for mergers and acquisitions, including strategy, due diligence, valuation, and integration planning.
M&A Integration Consulting
Helps organizations integrate acquired assets to preserve value and accelerate synergy realization.
activities · 4 groups

What they do

  • Financial Aid and Scholarship Access Programs 1 activity
    • Awarding grants for special educational projects and initiatives
      Funds educational forums, research studies, graduate tax programs, and initiatives to improve educational opportunities for the disadvantaged.
  • Teacher & Classroom Innovation Grants 1 activity
    • Distributing free educational resources to higher education faculty
      Provides free educational resources to over 5,700 faculty members across more than 1,300 nonprofit higher education institutions in 60 countries, supported by a $3.3 million investment over 10 years.
  • Workplace and Affiliate Giving Programs 1 activity
    • Funding matching gifts for employee contributions to educational institutions
      Provides dollar-for-dollar matching grants for contributions made by Ernst & Young LLP partners and employees to accredited educational institutions.
  • Uncategorized 1 activity
    • Providing financial and business restructuring advisory services
      Delivers rapid, end-to-end restructuring advisory services to clients, from strategic design to implementation, with measurable outcomes such as facilitating over $100 billion in increased cash flow globally over the past decade.
financials · form 990 · fy2024
revenue
Total revenue$22.19M
Contributions & grants$20.47M92%
Program service revenue$00%
Investment income$1.70M8%
Other revenue$17K
expenses
Total expenses$19.37M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$18.82M
Largest expense lineProfessional Fees
balance sheet
Total assets$47.55M
Cash$30.71M
Investments$16.19M
Liabilities$3.23M
Net assets$44.32M
Liquid reserves29.1 mo
5 years on record · 2019–2024 · YoY revenue -4.5%
leadership · form 990 part vii · fy2024

Who runs it

board members · 6
  • DEBI HEISKALA — SECRETARY
  • DERRICK STEELE — DIRECTOR
  • GINNIE CARLIER — PRESIDENT
  • PETER D LEASE — DIRECTOR
  • REGENIA SANDERS — DIRECTOR
  • SANDRA OLIVER — TREASURER
relationships · 5

Who they work with

  • EY Academic Resource Center Partner — Collaborates to deliver free educational resources to higher education institutions.
  • EY-Parthenon Network — ERNST & YOUNG FOUNDATION collaborates with EY-Parthenon as part of its service delivery structure.
  • EY-Parthenon Network — Global network of professionals delivering liquidity and working capital advisory services under the EY brand.
  • Ernst & Young LLP Partner — Partnership with Ernst & Young LLP to administer matching gifts from its partners and employees to educational institutions.
  • Puerto Rico Partner — Collaborated with the government of Puerto Rico on restructuring and economic recovery.
strategies · 6

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.

  • Digital Education Access for Skills Development
    methodology: digital-education-access
    By providing free digital access to up-to-date educational materials, the organization equips students with relevant skills for the global business environment because removing cost and access barriers enables broader participation and lifelong learning.
  • Global Expert Network with Local Agility
    methodology: global_expert_network_with_local_agility
    By leveraging a global network of industry-specialized professionals with local deployment capabilities, the organization delivers timely restructuring support because global expertise ensures depth while local responsiveness ensures speed and contextual relevance.
  • Matching Gifts to Amplify Philanthropy
    methodology: matching-gifts
    By matching employee and partner contributions to accredited educational institutions, the foundation amplifies individual giving because institutional matching incentivizes participation and scales the impact of personal donations.
  • Neuro-Symbolic AI with Venture Mindset
    methodology: neuro-symbolic_ai_with_venture_mindset
    By applying neuro-symbolic AI and a venture-building mindset to uncertain environments, the organization identifies transformative growth opportunities because this hybrid approach combines data-driven pattern recognition with entrepreneurial experimentation and industry insight.
  • Outside-In Strategic Analysis
    methodology: outside-in strategic_analysis
    By combining statistical AI and real-time external data with industry expertise, the organization produces forward-looking strategic insights for clients because analyzing the broader ecosystem reveals risks and opportunities that internal data alone cannot.
  • Value Creation Through Performance Improvement
    methodology: value_creation_through_performance_improvement
    By identifying and prioritizing value creation opportunities, the organization drives rapid organizational performance improvement because focusing on high-impact levers enables targeted interventions that accelerate results.