Dietrich Foundation
88% goes to programs Strong reserves Declining revenue
Dietrich Foundation is a 501(c)(3) organization based in Pittsburgh, Pennsylvania, registered in 2012, with $107,295,535 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
Usx Tower 600 Grant St Rm 5360, Pittsburgh, PA, 15219 EIN 36-4711746 Since 2012
Revenue (FY2024)
$107.3M
▲ 13.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$56.4M
Net assets
$1.5B
Employees
13
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Dietrich Foundation: 88% to programs earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating311 mo reserves · +47% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dietrich Foundation: 311 mo reserves · +47% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Dietrich Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dietrich Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To benefit higher education and other charitable purposes by providing ongoing and increasing financial support to 13 supported organizations.
Contact & location
- Address
- Usx Tower 600 Grant St Rm 5360, Pittsburgh, PA, 15219
- City
- Pittsburgh
- State
- Pennsylvania
- Subcategory
- Private Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2012) to $107.3M (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $7.9MNet assets $1.5B
Operating margin
47.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$7.9M
Net assets
$1.5B
Salaries & benefits
$6.9M
12% of expenses
Board members
9
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $107,295,535▲13.7% | $56,375,570▼8.7% | $1,461,298,952▼0.9% | $1,469,174,246▼2.0% | 990 |
| 2023 | $94,341,341▲14.2% | $61,779,708▲20.0% | $1,474,924,147▼2.6% | $1,498,770,520▼1.3% | 990 |
| 2022 | $82,615,692▼50.5% | $51,473,742▲24.2% | $1,514,517,064▼12.3% | $1,517,931,296▼12.3% | 990 |
| 2021 | $166,962,550▲78.6% | $41,458,936▲14.2% | $1,726,043,875▲21.6% | $1,731,016,647▲21.4% | 990 |
| 2020 | $93,476,192▲22.3% | $36,308,487▲7.4% | $1,419,462,013▲32.1% | $1,425,693,584▲31.7% | 990 |
| 2019 | $76,422,895▲9.7% | $33,802,059▲13.6% | $1,074,902,611▲13.7% | $1,082,174,638▲14.2% | 990 |
| 2018 | $69,656,378▲19.3% | $29,744,390▲5.1% | $945,198,055▲6.1% | $947,697,893▲5.6% | 990 |
| 2017 | $58,391,545▲5.1% | $28,296,526▲5.4% | $891,126,937▲12.0% | $897,707,926▲12.3% | 990 |
| 2016 | $55,535,233▼14.4% | $26,838,587▲7.6% | $795,553,155▲3.5% | $799,234,339▲3.1% | 990 |
| 2015 | $64,876,073▼87.1% | $24,951,665▲6.2% | $768,873,865▲7.9% | $775,247,517▲2.3% | 990 |
| 2014 | $502,722,260▼28.4% | $23,502,588▲54.1% | $712,322,865▲13.0% | $757,489,186▲20.1% | 990 |
| 2013 | $702,063,916 | $15,251,230 | $630,246,662 | $630,662,413 | 990 |
| 2012 | $0 | $0 | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Edward J Grefenstette — $2,098,335 (3.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Edward J Grefenstette | Community Trustee, Preside | 40 | $2,098,335 |
| Ryan L Vaccaro | Managing Director | 40 | $880,344 |
| Lee S Tilghman | Managing Director | 40 | $843,100 |
| Matthew E Cunningham | Managing Director | 40 | $696,344 |
| Nancy A Watson | Vice President of Finance | 40 | $364,718 |
| Mariah S Smith | Operations Manager | 40 | $155,122 |
| Eric C Johnson | Educational Trustee/chairm | 1 | $50,000 |
| Farnam Jahanian | Educational Trustee | 1 | $25,000 |
| Jeanne Cunicelli | Educational Trustee | 1 | $25,000 |
| Joan Gabel | Educational Trustee | 1 | $25,000 |
| Mccall Cravens | Community Trustee | 1 | $25,000 |
| Susan Traverso | Educational Trustee | 1 | $25,000 |
| Eva Blum | Community Trustee | 1 | $12,500 |
| Louis Cestello | Educational Trustee | 40 | $12,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Acadian Asset Management | Investment Management | $411,952 |
Grants made · $45.4M in FY2024
13 grants totaling $45.4M in FY2024. All grants made by Dietrich Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Carnegie Mellon University | Stem, scholarships, science programs, faculty needs | $24,307,999 |
| University of Pittsburgh | Entrepreneur program and graduate and undergraduate student support | $11,358,878 |
| Thiel College | Honors college curriculum | $2,271,776 |
| The Pittsburgh Foundation | Community support generation | $1,647,038 |
| Princeton University | Scholarships/economics | $1,363,065 |
| Duquesne University of the Holy Spirit | Deanship of school of osteopathic medicine | $1,135,888 |
| The United Way of Southwestern Pennsylvania | Children & youth programs | $624,738 |
| Boy Scouts of America | Stem scouting program | $454,355 |
| Historical Society of Western Pennsylvania | Exhibitions and education | $454,355 |
| Pittsburgh Symphony Inc | Community engagement | $454,355 |
| Pittsburgh Cultural Trust | Theatre performances | $454,355 |
| Chatham University | Faculty development | $454,355 |
| Carnegie Institute | Technology initiatives | $454,355 |
Similar organizations in Philanthropy
- Philanthropy
J Howard Pew Freedom Tr
Philadelphia, PA
$116.6M
Aannual revenue
Philanthropy
Philadelphia Foundation
Philadelphia, PA
$88.9M
Aannual revenue
Philanthropy
Jewish Federation of Greater Philadelphia
Philadelphia, PA
$73.0M
Aannual revenue
- Philanthropy
The James Family Charitable Trust
Jenkintown, PA
$70.8M
Aannual revenue
Philanthropy
The Pittsburgh Foundation
Pittsburgh, PA
$159.1M
Aannual revenue
- Philanthropy
Fund For Charitable Giving
Pittsburgh, PA
$55.0M
Aannual revenue
Philanthropy
Anabaptist Foundation
Lewisburg, PA
$49.6M
A+annual revenue
Philanthropy
Jewish Federation of Greater Pittsburgh
Pittsburgh, PA
$47.8M
Aannual revenue
- Philanthropy
The American Electric Power System Retiree Medical Benefit Trust For
Pittsburgh, PA
$41.1M
Cannual revenue
Philanthropy
Erie Community Foundation
Erie, PA
$39.8M
Aannual revenue
Compare Dietrich Foundation
Frequently asked questions
- Is Dietrich Foundation a legitimate nonprofit?
- Yes. Dietrich Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-4711746, based in Pittsburgh, Pennsylvania. Donations are tax-deductible.
- What is Dietrich Foundation's EIN?
- Dietrich Foundation's Employer Identification Number (EIN) is 36-4711746.
- How much revenue does Dietrich Foundation report?
- Dietrich Foundation reported $107,295,535 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Dietrich Foundation's spending goes to programs?
- Dietrich Foundation spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Dietrich Foundation have?
- CharityIndex grades Dietrich Foundation A, based on program efficiency and fundraising cost.
- How much does Dietrich Foundation's highest-paid employee make?
- The highest reported compensation on Dietrich Foundation's latest Form 990 is $2,098,335, paid to Edward J Grefenstette (Community Trustee, Preside).
More nonprofits in Pittsburgh
Explore more
Data for Dietrich Foundation (EIN 36-4711746) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.