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W. P. Carey Foundation

Profile

Last Updated: 2016-07-11

At A Glance

W. P. Carey Foundation

50 Rockefeller Plz.

New York City, NY United States 10020-1605

URL: www.wpcarey.com/WPC-Foundation

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $419,861,882

Total giving: $26,188,058

EIN

133597510

BRIDGE Number

0017657017

Background

Established in 1991 in PA - Founded by the late William Polk Carey, a real estate giant who established the W.P. Carey & Co. It is a publicly traded real estate investment trust company. The foundation's giving is expected to rise sharply in the future as a result of William Polk Carey's intention to leave a portion of his estate, estimated at $1.2 million, to the foundation.

Purpose and Activities

Giving primarily for international relief and education.

Fields of Interest

Subjects
  • Education
  • Higher education
  • University education
Population Groups
  • Academics
  • Children and youth
  • Students

Financial Data

Year ended 2014-12-31

Assets: $419,861,882 (market value)

Gifts received: $349,294,398

Expenditures: $26,555,563

Total giving: $26,188,058

Qualifying distributions: $26,433,000

Giving activities include:

$26,188,058 for 23 grants (high: $6,000,000; low: $23)