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Mellon Foundation

 
Hoover's Profile: The Andrew W. Mellon Foundation
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Contact Information
The Andrew W. Mellon Foundation
140 E. 62nd St.
New York, NY 10021
NY Tel. 212-838-8400
Fax 212-223-2778

Type: Private - Foundation
On the web: http://www.mellon.org
 Employees: 70

Recipients of funds from The Andrew W. Mellon Foundation don't take the organization for granted. One of the leading charitable foundations in the US, the organization provides about $280 million annually in grants, including awards in five core areas: including higher education and scholarship, performing arts, and museums and art conservation. Recent grant recipients include the Detroit Symphony Orchestra, Oberlin College, and the Metropolitan Museum of Art. The foundation was created in 1969 when Paul Mellon and Ailsa Mellon Bruce, the son and daughter of banking titan Andrew W. Mellon, merged their charitable foundations (Old Dominion Foundation and Avalon Foundation).

Key numbers for fiscal year ending December, 2008:
Sales: $14.3M

Officers:
Chairman: Anne M. Tatlock
President and Trustee: Don M. Randel
Financial VP, CFO, and Chief Investment Officer: John E. Hull

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Columbia Encyclopedia: Mellon Foundation
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Mellon Foundation, officially the Andrew W. Mellon Foundation, philanthropic trust formed (1969) through the merger of the Avalon Foundation (est. 1940 by Ailsa Mellon Bruce) and the Old Dominion Foundation (est. 1941 by Paul Mellon). Prior to the merger, the Avalon Foundation distributed funds to hospitals and health agencies, educational institutions, and cultural programs including the Metropolitan Opera and the New York Philharmonic. The Old Dominion Fund concentrated on the humanities and liberal education. The merged foundation, with assets of $4.7 billion (2003), continues to support the areas of health, higher education, and the humanities (museums, art conservation, and performing arts), and has added programs in conservation and the environment and public affairs. Other philanthropic foundations endowed by members of the Mellon family include the Richard King Mellon Foundation (est. 1947) and the R. K. Mellon Family Foundation (est. 1978).

Wikipedia: Andrew W. Mellon Foundation
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The Andrew W. Mellon Foundation of New York City and Princeton, New Jersey in the United States, is a private foundation with five core areas of interest, endowed with wealth accumulated by the late Andrew W. Mellon of the Mellon family of Pittsburgh, Pennsylvania. It is the product of the 1969 merger of the Avalon Foundation and the Old Dominion Foundation. These foundations were set up separately by Paul Mellon and Ailsa Mellon-Bruce, the children of Andrew W. Mellon. It is housed in the expanded former offices of the Bollingen Foundation in New York City, another educational philanthropy supported by Paul Mellon. Don Michael Randel is the Foundation's president. His predecessors have included William G. Bowen, John Edward Sawyer and Nathan Pusey. Randel is the former President of the University of Chicago.

Contents

Core areas of interest

Research group

Mellon has a small research group that has investigated doctoral education, collegiate admissions, independent research libraries, charitable nonprofits, scholarly communications, and other issues in order to ensure that the foundation's grants would be well-informed and more effective. Some of the recent publications of this effect include Equity and Excellence in American Higher Education, Reclaiming the Game: College Sports and Educational Values, JSTOR: A History, The Game of Life: College Sports and Educational Values, and The Shape of the River.

Mellon's endowment has fluctuated in the range of $5-6 billion dollars in recent years, and its annual grantmaking has been on the order of $300 million.

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Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Columbia Encyclopedia. The Columbia Electronic Encyclopedia, Sixth Edition Copyright © 2003, Columbia University Press. Licensed from Columbia University Press. All rights reserved. www.cc.columbia.edu/cu/cup/.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Andrew W. Mellon Foundation".  Read more