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Nonprofit · EIN 13-2989476

NEW YORK LIFE FOUNDATION

Tax-exempt · NEW YORK, NY 10010

Financials

$39.1M$28M2024
Revenue Expenses · by fiscal year end
Financials of NEW YORK LIFE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$39,138,977$27,966,215$11,172,762$146,229,302$15,241,296$130,988,006
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$30,311,072
Dividends
$3,178,988
Net gain from sales of assets
$5,648,917

Expenses

Grants and similar amounts paid
$26,994,369
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$27,518,032
Excise tax on investment income
$99,232

Balance sheet and other

Total assets, start of year
$140,917,777
Total assets, end of year
$146,229,302
Total liabilities, end of year
$15,241,296
Net assets, end of year
$130,988,006
Fair market value of assets
$146,229,302
Qualifying distributions
$27,518,032
Net investment income
$7,713,178

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
HEATHER NESLE
51 MADISON AVENUE, NEW YORK, NY 10010
PRESIDENT/DIRECTOR0.5$0
MICHAEL K MCDONNELL
51 MADISON AVENUE, NEW YORK, NY 10010
DIRECTOR0.5$0
KAREN A BAIN
51 MADISON AVENUE, NEW YORK, NY 10010
VICE PRESIDENT - TAX0.5$0
MARIA V COLLINS
51 MADISON AVENUE, NEW YORK, NY 10010
VICE PRESIDENT0.5$0
MARY HALLAHAN
51 MADISON AVENUE, NEW YORK, NY 10010
VP & TREASURER UNTIL 12/31/20240.5$0
MICHAEL J BURKE
51 MADISON AVENUE, NEW YORK, NY 10010
CORPORATE VP & COO0.5$0
COLLEEN A MEADE
51 MADISON AVENUE, NEW YORK, NY 10010
ASSOC. GENERAL COUNSEL & SECRETARY0.5$0
EVERETT FOXX
51 MADISON AVENUE, NEW YORK, NY 10010
DIRECTOR0.5$0
CHRISTOPHER THOMPSON
51 MADISON AVENUE, NEW YORK, NY 10010
CORPORATE VP - INVESTMENTS0.5$0
CRAIG L DESANTO
51 MADISON AVENUE, NEW YORK, NY 10010
DIRECTOR & CHAIRMAN0.5$0
CATHERINE COUNCIL
51 MADISON AVENUE, NEW YORK, NY 10010
DIRECTOR0.5$0
WENDY WONG
51 MADISON AVENUE, NEW YORK, NY 10010
DIRECTOR0.5$0
MARYANN NEGRO
51 MADISON AVENUE, NEW YORK, NY 10010
CORPORATE VP AND CONTROLLER0.5$0
REGINA Y WON
51 MADISON AVENUE, NEW YORK, NY 10010
ASSOC. GENERAL COUNSEL & LEGAL OFFICER0.5$0
ERIC FELDSTEIN
51 MADISON AVENUE, NEW YORK, NY 10010
MEMBER0.5$0
4 more people on this return
NameTitleHours / weekCompensation
KENNETH DRINKARD
51 MADISON AVENUE, NEW YORK, NY 10010
MEMBER0.5$0
AMY MILLER
51 MADISON AVENUE, NEW YORK, NY 10010
VICE CHAIR & DIRECTOR0.5$0
MARTIN L KING
51 MADISON AVENUE, NEW YORK, NY 10010
SR. VP - INVESTMENTS & DIRECTOR0.5$0
ROBERT DONOHUE
51 MADISON AVENUE, NEW YORK, NY 10010
TREASURER SINCE 12/5/20240.5$0

Address and contacts

Address (IRS master file)
51 MADISON AVENUE, NEW YORK, NY 10010-1603
Signed the 990-PF
KAREN A BAIN, VP - TAX
Phone
(201) 942-8310
Return prepared by
MITCHELL & TITUS LLP

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
13-2989476
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1979
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$146,229,302
Income (IRS master file)
$124,428,277

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$8,999,184$30,753,252$140,917,777IRS
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about NEW YORK LIFE FOUNDATION

What is the EIN of NEW YORK LIFE FOUNDATION?
The employer identification number (EIN) of NEW YORK LIFE FOUNDATION is 13-2989476.
Is NEW YORK LIFE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
Are donations to NEW YORK LIFE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does NEW YORK LIFE FOUNDATION file?
Form 990-PF. Private foundations file every year.
When is the next return of NEW YORK LIFE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NEW YORK LIFE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of NEW YORK LIFE FOUNDATION?
The 990-PF for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
How much revenue does NEW YORK LIFE FOUNDATION have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $39,138,977, expenses of $27,966,215 and total assets of $146,229,302 at year end.

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