Citi Foundation

Private foundation · EIN 13-3781879 · since 1995citigroup.com/global/foundation·International·Updated 13 October 2026

At a glance

$66.9M

Annual giving, 2024 tax year

From the Form 990-PF filing

$120k to $700k

Grant range

From grants in the 990-PF filings

$400k

Typical grant (median)

145 grants in the latest filing

Open to applications

Rolling, no deadlines · unsolicited applications welcome

Key takeaways

The foundation's stated focus is economic progress for people in low-income communities around the world, through financial inclusion, youth economic opportunities, community solutions and economic development, so a charity working in those areas is the best fit to test.
Its primary route is open, programme-specific requests for proposals, each with its own goals, selection criteria and deadlines, so a request should be made through a current call and its stated requirements.
Its typical grant runs from $120,000 to $700,000 and half of its grants are $300,000 or less, so a request in that region suits a small charity, though the band is not a ceiling and its largest grant was $5,500,000.
Repeat giving is a large share, with 64% of grant dollars to organisations going to groups it had already funded, so a first approach should be planned carefully, and applications are accepted on a rolling basis, so timing depends on each call's deadlines.

Overview

Citi Foundation is a US private foundation based in New York, NY.

What they fund

Profile derived from the foundation's IRS Form 990-PF filings (TY2024, TY2023, TY2022) and its website, with every statement checked against those sources. Sources read on 7 October 2026.

Priority Areas

The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. It invests in financial inclusion, youth economic opportunities and community solutions, including efforts to expand access to financial products, services and capital and improve the employability of vulnerable young people. Its funding supports community organisations and nonprofits developing solutions to social and economic challenges. Through Community Progress Makers, it backs visionary organisations connecting low-income communities with social and economic opportunity, including work on affordable housing and access, economic development, financial health and workforce readiness. It also strengthens grantees through a peer network, technical assistance and capacity-building. Its primary funding route is open, programme-specific requests for proposals, with goals, selection criteria and deadlines set out for each call.

Themes

Community Solutions
Financial Inclusion
Youth Economic Opportunities
Economic Development

Geographic Focus

Around the world.

How to apply

Organisations apply through open, programme-specific RFPs. Each RFP gives its goals, selection criteria and relevant application deadlines.

Application success factors

Repeat giving: In its TY2024 filing, 64% of its grant dollars to organisations went to organisations it had also funded in its TY2022 or TY2023 filing.
Grant size: Across its TY2022, TY2023 and TY2024 filings, half of its 546 grants to organisations were $300,000 or less.

What the foundation says:

Community Progress Makers supports visionary organisations connecting low-income communities to social and economic opportunity.
The Global Innovation Challenge seeks innovative community organisations to pilot or scale offerings and development models that deepen community impact.

Where grants go

From grants to organisations in the foundation’s filings for tax years 2022–2024.

Grant dollars by state

Virginia29%

New York25%

District of Columbia14%

California9%

Maryland6%

Florida4%

6 other states: 10%

Outside the US or with no state on the filing: 2%

The largest single recipient received 26% of grant dollars to organisations.
In tax year 2024, 64% of grant dollars went to organisations Citi Foundation had funded in earlier filings.
No grants were paid directly to organisations outside the US.
31% of grant dollars went to intermediaries that regrant to other organisations.

Grants

145 grants in the latest filing analysed · median $400k

How much do they typically give?

Share of 145 grants in tax year 2024 by size

$50k–$100k2%

$100k–$250k8%

$250k–$500k47%

$500k–$1M39%

$1M and over4%

Median $400k (tax year 2024)

The largest grants to organisations in the foundation’s latest filing:

National Bankers Community Alliance · Mdi connecttech initiative
$3,750,0002024 tax year
United Nations Development Programme · Asia pacific youth co:lab initiative
$2,000,0002024 tax year
African American Alliance of CDFI CEOs · The alliance building capacity initiative
$2,000,0002024 tax year
International Rescue Committee · Resilient futures 5 project
$1,800,0002024 tax year
Philanthropy New York · Community progress makers learning community initiative
$1,000,0002024 tax year
Urban Institute · Community progress makers learning community initiative
$1,000,0002024 tax year
NPower · Advancing tech pathways & women of color coalition program
$700,0002024 tax year
Cities for Financial Empowerment Fund · Summer jobs connect initiative
$650,0002024 tax year

Grants to organisations listed in the foundation’s Form 990-PF filings. Grants to individuals are not shown.

Officers and directors

Florencia Spangaro — Vice President & COO
Brandee Mchale — President
Ernesto Torres Cantu — Director
Sara Wechter — Director
David Livingstone — Director
Viswas Raghavan — Director (As Of 7/11/2024)
Mark Mason — Director
Edward Skyler — Chair
Elizabeth Eaton — Assistant Secretary
Andrew Fox — VP & Secretary
Karen Valencia Wright — Vice President & Treasurer

From the latest Form 990-PF filing

3 years of tax filings

Year	Total expenses	Grants paid	Assets	Filing document
2022 tax year	$107,950,333	$94,285,000	$90,212,010	Filing for 2022 tax year
2023 tax year	$57,108,187	$86,220,000	$88,205,234	Filing for 2023 tax year
2024 tax year	$92,820,100	$66,880,000	$101,466,350	Filing for 2024 tax year

Figures from the foundation’s IRS Form 990-PF filings. Assets are at fair market value at year end. The document icon links to each year’s filing on ProPublica Nonprofit Explorer.