IAC Charitable Foundation Inc

Quick Stats

• Annual Giving: $997,700
• Success Rate: Not publicly available
• Decision Time: Not publicly available
• Grant Range: $1,000 - $50,000
• Geographic Focus: New York City (West Chelsea) and 17+ states

Contact Details

Website: https://www.iac.com/foundation Email: IACFoundationScholarship@iac.com (scholarship inquiries) Fellows Program Email: fellows@iac.com Address: 555 W 18th Street, New York, NY 10011

Overview

The IAC Charitable Foundation Inc was established in May 1998 as a private, company-sponsored foundation affiliated with IAC/InterActiveCorp. With total assets of $21.3 million and annual giving of approximately $1 million, the foundation focuses on empowering communities by addressing urgent needs, advancing equity, and nurturing future leaders. Operating under Barry Diller's Office of the Chairman, the foundation emphasizes educational opportunities, civic engagement, and arts and culture support, particularly in New York City's West Chelsea neighborhood. Since 2020, the foundation has awarded 167 individual grants totaling $2,253,200 to organizations across New York, California, and 17 other states.

Funding Priorities

Grant Programs

• Scholarship Program: Up to $10,000 for Federal Pell Grant-eligible students (tuition, textbooks, technology, housing)
• IAC Fellows Program: Immersive summer technology internship with support
• Employee Hardship Relief Fund: Up to $10,000 for IAC employees facing financial adversity
• Neighborhood Hardship Relief Program: $300,000 partnership for West Chelsea residents

Priority Areas

• Education, Inclusion & Opportunity - Supporting quality education regardless of socioeconomic background
• Civic & Community Engagement - Improving urban life and advancing economic opportunities
• Arts & Culture - Ensuring art remains vibrant and accessible in New York City
• Hardship Relief - Direct financial support for individuals facing unforeseen hardship

What They Don't Fund

The foundation does not accept unsolicited applications and does not fund organizations outside their established program areas or existing relationships.

Governance and Leadership

Suzanne Kennedy - President of IAC Foundation and Director, Office of the Chairman. Founded the IAC Charitable Foundation and manages Barry Diller's office while directing IAC's philanthropic strategy and community engagement efforts.

Barry Diller - Chairman and Senior Executive of IAC/InterActiveCorp. The foundation operates under his Office of the Chairman.

Additional staff manage the Fellows Program and scholarship initiatives, with no traditional board of trustees structure.

Application Process & Timeline

How to Apply

This foundation does not accept unsolicited applications. The IAC Charitable Foundation operates through invitation-only grants and specific programs with targeted beneficiaries. Organizations cannot apply for general operating or project grants.

Program-Specific Applications Only:

• Scholarship Program: Federal Pell Grant-eligible students apply via iacphilanthropy.submittable.com
• IAC Fellows Program: Rolling applications through iacfellows.org

Decision Timeline

Not publicly available

Success Rates

Not publicly available. The foundation awarded $997,700 to 84 organizations in the most recent fiscal year.

Reapplication Policy

Not applicable as the foundation does not accept unsolicited applications.

Application Success Factors

Since the IAC Charitable Foundation does not accept unsolicited applications, traditional application strategies do not apply. Key insights for understanding their giving patterns:

• Trust in Partner Expertise: Foundation principles emphasize trusting partners' expertise and supporting solutions led by those closest to the issues
• Geographic Alignment: Strong emphasis on West Chelsea neighborhood of New York City, though they fund nationally
• Corporate Connections: As a company-sponsored foundation, prioritizes organizations with existing IAC/InterActiveCorp relationships
• Program-Focused Approach: Operates through structured programs rather than general grantmaking
• Grant Size: Historical grants range from $1,000-$50,000, with median awards of $10,000

Key Takeaways for Grant Writers

• No unsolicited applications accepted - this is an invitation-only funder
• Corporate foundation model prioritizes organizations with existing business connections
• Strong geographic focus on NYC's West Chelsea neighborhood for community programs
• Operates through specific programs (scholarships, fellowships) rather than general grants
• With $21.3M in assets and ~$1M annual giving across 84 organizations, highly selective
• Values local expertise and community-led solutions
• Contact only through established program channels, not for general funding requests

References

1. IAC Charitable Foundation Official Website. https://www.iac.com/foundation. Accessed February 13, 2026.
2. ProPublica Nonprofit Explorer. IAC Charitable Foundation Inc - EIN 13-3994361. https://projects.propublica.org/nonprofits/organizations/133994361. Accessed February 13, 2026.
3. Candid Foundation Directory. https://fconline.foundationcenter.org/fdo-grantmaker-profile?key=USAN002. Accessed February 13, 2026.
4. GuideStar Profile. https://www.guidestar.org/profile/13-3994361. Accessed February 13, 2026.
5. Cause IQ. https://www.causeiq.com/organizations/the-iac-foundation,133994361/. Accessed February 13, 2026.
6. LinkedIn - Suzanne Kennedy Profile. https://www.linkedin.com/in/suzanne-kennedy-747a134a/. Accessed February 13, 2026.
7. IAC Fellows Leadership. https://www.iacfellows.org/leadership. Accessed February 13, 2026.
8. Grant Bay Form 990. https://grantbay.org/form-990/133994361. Accessed February 13, 2026.