GrantAuthority

Association for Cultural Interchange Inc

Grantmaking foundation in New York, New York · EIN 52-6054124

Total giving
$7.3MTax year 2024
Total assets
$240MLatest reported
Latest IRS filing
2024Form 990 / 990-PF

Mission

ACI PROVIDES A PROGRAM OF SUPPORT AND ASSISTANCE TO OTHER NOT-FOR-PROFIT ORGANIZATIONS AND EDUCATIONAL AND VOCATIONAL TRAINING INSTITUTIONS FROM ELEMENTARY LEVEL THROUGH GRADUATE STUDIES. ACI EMPHASIZES THE PROMOTION OF INTERNATIONAL UNDERSTANDING AND THE INTERCHANGE OF IDEAS AND CULTURAL ACTIVITIES AMONG PEOPLE OF DIFFERENT NATIONS. ACI'S PROGRAM IS CARRIED OUT IN THE UNITED STATES AND FOREIGN COUNTRIES. ACI ACHIEVES THIS BY PROVIDING GRANTS AND LOANS THAT ARE INTEREST-FREE OR BEAR BELOW-MARKET INTEREST RATES TO ORGANIZATIONS THAT FOSTER AND FACILITATE CHARITABLE AND EDUCATIONAL PROGRAMS. ACI ALSO OWNS AND MAINTAINS REAL PROPERTY FACILITIES IN ITALY AND ISRAEL. THOSE FACILITIES ARE MADE AVAILABLE RENT-FREE TO EDUCATIONAL AND CULTURAL INSTITUTIONS OPERATED BY NOT-FOR-PROFIT ORGANIZATIONS. ACI ALSO OWNS AND OPERATES THE SAXUM CENTER IN ISRAEL WHICH OFFER WORKSHOPS, CONFERENCES AND SPIRITUAL RETREATS; AS WELL AS A VISITOR CENTER PROVIDING ORIENTATION FOR PILGIRMS TO THE HOLY LAND.

Quoted from the foundation's IRS filing.

Giving by year

$540K2019
$1.3M2020
$1.2M2021
$1.6M2022
$3.3M2023
$7.3M2024

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
Clover Foundation$54K2022
Asac USA Incorporated$45K2022
Pontifical University of the Holy Cross Foundation$4K2022

Amounts are rounded. The full grantee list is available with a free account.

Website: www.culturalinterchange.org

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