The Andrew W. Mellon Foundation | |
Founded | June 30, 1969 |
---|---|
Founder | Paul Mellon Ailsa Mellon Bruce |
Focus | Higher education Museums and art conservation Performing arts Conservation |
Location |
|
Method | Grants |
Key people | Elizabeth Alexander (President) |
Revenue (2015) | $380,179,226 [1] |
Expenses (2015) | $331,375,744 [1] |
Endowment | $6.1 billion |
Website | www.mellon.org |
The Andrew W. Mellon Foundation, commonly known as the Mellon Foundation, is a New York City-based private foundation with wealth accumulated by Andrew Mellon of the Mellon family of Pittsburgh, Pennsylvania. [2] It is the product of the 1969 merger of the Avalon Foundation and the Old Dominion Foundation. These foundations had been set up separately by Ailsa Mellon Bruce and Paul Mellon, the children of Andrew Mellon.
The foundation is housed in New York City in the expanded former offices of the Bollingen Foundation, another educational philanthropy once supported by Paul Mellon. Poet and scholar Elizabeth Alexander is the foundation's current president. Her predecessors have included Earl Lewis, Don Randel, William G. Bowen, John Edward Sawyer and Nathan Pusey.
In 2004, the foundation was awarded the National Medal of Arts. [3]
Mellon's research group has investigated doctoral education, collegiate admissions, independent research libraries, charitable nonprofits, scholarly communications, and other issues to ensure that the foundation's grants would be well-informed and more effective. [6] 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. [7]
Mellon's endowment fluctuates in the range of $5 to $6 billion, and its annual grant-making amounts to about $300 million. [8] [9] [10]
According to Alexander, Mellon supports the “work, experiences, and visions of disabled artists." [11] In July 2024, the Ford and Mellon Foundations named 20 "Disability Futures Fellows," including a Broadway composer, a Marvel video game voice actress, and a three-time Pushcart Prize-nominated poet. [12]
The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a $25,000 gift from Edsel Ford. By 1947, after the death of the two founders, the foundation owned 90% of the non-voting shares of the Ford Motor Company. Between 1955 and 1974, the foundation sold its Ford Motor Company holdings and now plays no role in the automobile company.
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William Gordon Bowen was an American academic who served as the president emeritus of The Andrew W. Mellon Foundation, serving as its president from 1988 to 2006. From 1972 until 1988, he was the president of Princeton University. Bowen founded the digital library, JSTOR.
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Ailsa Mellon Bruce was a prominent American socialite and philanthropist who established the Avalon Foundation.
Paul Mellon was an American philanthropist and a breeder of thoroughbred racehorses. He is one of only five people ever designated an "Exemplar of Racing" by the National Museum of Racing and Hall of Fame. He was co-heir to one of America's greatest business fortunes, derived from the Mellon Bank created by his grandfather Thomas Mellon, his father Andrew W. Mellon, and his father's brother Richard B. Mellon. In 1957, when Fortune prepared its first list of the wealthiest Americans, it estimated that Paul Mellon, his sister Ailsa Mellon Bruce, and his cousins Sarah Mellon and Richard King Mellon, were all among the richest eight people in the United States, with fortunes between $400 million and $500 million each.
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Philanthropy in the United States is the practice of voluntary, charitable giving by individuals, corporations and foundations to benefit important social needs. Its long history dates back to the early colonial period, when Puritans founded Harvard College and other institutions. Philanthropy has been a major source of funding for various sectors, such as religion, higher education, health care, and the arts. Philanthropy has also been influenced by different social movements, such as abolitionism, women’s rights, civil rights, and environmentalism. Some of the most prominent philanthropists in American history include George Peabody, Andrew Carnegie, John D. Rockefeller, Henry Ford, Herbert Hoover, and Bill Gates.
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Sky Cubacub is an American designer, activist, and founder of Rebirth Garments. They were born in Chicago, Illinois and identify as a non-binary Filipinx disabled queer. Cubacub graduated from the School of the Art Institute of Chicago in 2015, and earned a Bachelor of Fine Arts. Their fashion brand Rebirth Garments was launched in 2014. They also teamed up with the Chicago Public Library in October 2020 to create a fashion program called Radical Fit for the Chicago Public Library. Cubacub has held several performances, exhibitions, and lectures from Chicago, to New York City, and Ottawa. They’ve won several awards including the most recent Ford Foundation, United States Artist and Andrew W Mellon foundation Disability Futures Fellow in 2021.
The Disability Futures Fellowship Award is a grant award offered by the Ford and Mellon Foundations to promote disabled artists. Through the Fellowship, the Ford and Mellon Foundation offers fifty thousand dollars to twenty artists every 18 months, totaling one million dollars per cohort.