GrantAuthority

American Academy of Arts and Letters

Grantmaking foundation in New York, New York · EIN 13-0429640

Grants itemized on the 990
$1MTax year 2024
Grants made
84Tax year 2024
Total assets
$120MLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

THE ACADEMY WAS FOUNDED IN 1904 TO PROVIDE RECOGNITION TO DISTINGUISHED ACHIEVEMENT IN LITERATURE AND FINE ARTS. THE ACADEMY IS A NON-PROFIT ORGANIZATION INCORPORATED BY AN ACT OF CONGRESS IN 1916. THE INTERNAL REVENUE SERVICE GRANTED THE ACADEMY TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS CLASSIFIED THE ACADEMY AS A PRIVATE OPERATING FOUNDATION. IN 1976, THE NATIONAL INSTITUTE OF ARTS AND LETTERS, A NON-PROFIT ORGANIZATION (FOUNDED IN 1898 AND INCORPORATED BY AN ACT OF CONGRESS IN 1913) WAS MERGED INTO THE AMERICAN ACADEMY OF ARTS AND LETTERS AND THE NAME WAS CHANGED TO THE AMERICAN ACADEMY AND INSTITUTE OF ARTS AND LETTERS. IN 1993, THE NAME WAS CHANGED TO THE AMERICAN ACADEMY OF ARTS AND LETTERS.THE ACADEMY'S MAJOR SOURCE OF REVENUE INCLUDES INVESTMENT EARNINGS AND TRUST INCOME. ANNUAL AWARDS ARE GIVEN BY THE ACADEMY TO THOSE CANDIDATES SELECTED BY THE AWARD COMMITTEES IN ORDER TO FOSTER, ASSIST AND PROMOTE LITERATURE AND FINE ARTS.

Quoted from the foundation's IRS filing.

Giving by year

$1.2M2020
$1.2M2021
$1.1M2022
$810K2023
$1M2024

Totals by tax year, rounded to two significant figures. Years without a reported total show the sum of grants itemized on the filing.

Top recipients

RecipientAmountTax year
Darryl Pinckney$100K2024
Paper Mill Playhouse$60K2024
Charles Ives Society$50K2024
Diversionary Theatre$50K2024
Sean Shepherd$50K2024

Amounts are rounded. The full grantee list (84 grants in 2024) is available with a free account.

Website: artsandletters.org

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Source: IRS Form 990 and 990-PF filings, tax year 2024. Also see this organization on ProPublica Nonprofit Explorer.