Nonprofit · EIN 36-4711746
DIETRICH FOUNDATION
Also known as USX TOWER
Tax-exempt · PITTSBURGH, PA 15219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $107,295,535 | $56,375,570 | $50,919,965 | $1,469,174,246 | $7,875,294 | $1,461,298,952 |
| December 31, 2023 | 990 | $94,341,341 | $61,779,708 | $32,561,633 | $1,498,770,520 | $23,846,373 | $1,474,924,147 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $107,295,535
- Net gain from sales of assets
- $98,828,871
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $45,435,512
- Compensation of officers, directors and key employees
- $6,096,421
- Other salaries and wages
- $531,688
- Salaries, compensation and benefits (total)
- $6,895,761
- Professional fundraising fees
- $0
- Accounting fees
- $115,584
- Occupancy
- $1,070
- Travel
- $243,532
- Depreciation
- $206,619
- Program services (functional)
- $49,344,129
- Management and general (functional)
- $7,031,441
Balance sheet and other
- Total assets, start of year
- $1,498,770,520
- Total assets, end of year
- $1,469,174,246
- Total liabilities, end of year
- $7,875,294
- Net assets, end of year
- $1,461,298,952
- Land, buildings and equipment
- $116,892
- Publicly traded securities
- $59,277,583
- Net assets with donor restrictions
- $1,461,298,952
- Gross unrelated business income
- $4,391,909
- Gross receipts
- $187,274,948
- Employees
- 13
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD J GREFENSTETTE | COMMUNITY TRUSTEE, PRESIDE Trustee or director, Officer | 40 | $2,098,335 | $0 | $1,496,211 |
| FARNAM JAHANIAN | EDUCATIONAL TRUSTEE Trustee or director | 1 | $25,000 | $2,749,101 | $181,175 |
| RYAN L VACCARO | MANAGING DIRECTOR Highest-paid employee | 40 | $880,344 | $0 | $593,217 |
| LEE S TILGHMAN | MANAGING DIRECTOR Highest-paid employee | 40 | $843,100 | $0 | $579,528 |
| JOAN GABEL | EDUCATIONAL TRUSTEE Trustee or director | 1 | $25,000 | $1,081,466 | $59,734 |
| MATTHEW E CUNNINGHAM | MANAGING DIRECTOR Highest-paid employee | 40 | $696,344 | $0 | $446,030 |
| NANCY A WATSON | VICE PRESIDENT OF FINANCE Highest-paid employee | 40 | $364,718 | $0 | $201,588 |
| SUSAN TRAVERSO | EDUCATIONAL TRUSTEE Trustee or director | 1 | $25,000 | $258,737 | $36,889 |
| MARIAH S SMITH | OPERATIONS MANAGER Highest-paid employee | 40 | $155,122 | $0 | $75,631 |
| ERIC C JOHNSON | EDUCATIONAL TRUSTEE/CHAIRM Trustee or director | 1 | $50,000 | $0 | $0 |
| MCCALL CRAVENS | COMMUNITY TRUSTEE Trustee or director | 1 | $25,000 | $0 | $0 |
| JEANNE CUNICELLI | EDUCATIONAL TRUSTEE Trustee or director | 1 | $25,000 | $0 | $0 |
| EVA BLUM | COMMUNITY TRUSTEE Trustee or director | 1 | $12,500 | $0 | $0 |
| LOUIS CESTELLO | EDUCATIONAL TRUSTEE Trustee or director | 40 | $12,500 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD J GREFENSTETTE | COMMUNITY TRUSTEE, PRESIDE Trustee or director, Officer | 40 | $2,188,464 | $0 | $1,272,603 |
| FARNAM JAHANIAN | EDUCATIONAL TRUSTEE Trustee or director | 1 | $25,000 | $2,502,884 | $185,053 |
| RYAN L VACCARO | MANAGING DIRECTOR Highest-paid employee | 40 | $786,291 | $0 | $482,027 |
| LEE S TILGHMAN | MANAGING DIRECTOR Highest-paid employee | 40 | $739,156 | $0 | $463,956 |
| MATTHEW E CUNNINGHAM | MANAGING DIRECTOR Highest-paid employee | 40 | $543,453 | $0 | $390,724 |
| PATRICK GALLAGHER | EDUCATIONAL TRUSTEE Trustee or director | 1 | $20,993 | $684,249 | $71,220 |
| JOAN GABEL | EDUCATIONAL TRUSTEE Trustee or director | 1 | $4,007 | $592,532 | $113,471 |
| NANCY A WATSON | VICE PRESIDENT OF FINANCE Highest-paid employee | 40 | $335,639 | $0 | $167,061 |
| SUSAN TRAVERSO | EDUCATIONAL TRUSTEE Trustee or director | 1 | $25,000 | $302,486 | $52,177 |
| MARIAH SALAS | OPERATIONS MANAGER Highest-paid employee | 40 | $133,000 | $0 | $63,594 |
| ERIC C JOHNSON | EDUCATIONAL TRUSTEE/CHAIRMAN Trustee or director | 1 | $50,000 | $0 | $0 |
| EVA BLUM | COMMUNITY TRUSTEE Trustee or director | 1 | $25,000 | $0 | $0 |
| MCCALL CRAVENS | COMMUNITY TRUSTEE Trustee or director | 1 | $25,000 | $0 | $0 |
| JAMES E ROHR | EDUCATIONAL TRUSTEE Trustee or director | 1 | $22,466 | $0 | $0 |
| JEANNE CUNICELLI | EDUCATIONAL TRUSTEE Trustee or director | 1 | $2,534 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 GRANT ST STE 5360, PITTSBURGH, PA 15219-2801
- In care of
- % USX TOWER
- Principal officer (990 for 2024)
- EDWARD J GREFENSTETTE, USX TOWER 600 GRANT STREET SUITE, 5360, PITTSBURGH, PA 15219
- Signed the 990
- EDWARD J GREFENSTETTE, PRESIDENT, CEO & CIO
- Phone
- (412) 261-2766
- Website
- WWW.DIETRICHFOUNDATION.NET
- Return prepared by
- SISTERSON & CO LLP
Mission
THE PRIMARY MISSION OF THE DIETRICH FOUNDATION (THE "FOUNDATION") IS TO BENEFIT HIGHER EDUCATION, PRIMARILY IN THE GREATER PITTSBURGH, PENNSYLVANIA AREA, BY PROVIDING ONGOING AND INCREASING FINANCIAL SUPPORT TO CARNEGIE MELLON UNIVERSITY, THE UNIVERSITY OF PITTSBURGH, THIEL COLLEGE, PRINCETON UNIVERSITY, DUQUESNE UNIVERSITY, AND CHATHAM UNIVERSITY. THE FOUNDATION SHALL ALSO FURTHER CHARITABLE PURPOSES IN WESTERN PENNSYLVANIA BY PROVIDING ONGOING AND INCREASING FINANCIAL SUPPORT TO OTHER ORGANIZATIONS. SEE SCHEDULE A, PART I, FOR A COMPLETE LIST OF SUPPORTED ORGANIZATIONS.
Program accomplishments
- PER THE DECLARATION OF TRUST DATED AUGUST 23, 2011 OF WILLIAM S. DIETRICH II REVOCABLE TRUST AND THE DIETRICH FOUNDATION (THE "TRUST"), THE FOUNDATION DISTRIBUTES ANNUALLY, OR MORE FREQUENTLY, AN AMOUNT FROM NET INCOME EQUAL TO SUBSTANTIALLY ALL (AT LEAST 85%) OF ITS ANNUAL NET INCOME (AS DEFINED IN THE TRUST). IN THE EVENT THAT THE TOTAL AMOUNT DISTRIBUTED ANNUALLY UNDER THIS REQUIREMENT SHOULD CONSISTENTLY FALL BELOW A RATE OF 3%, THE ANNUAL DISTRIBUTION AMOUNT WILL APPROXIMATE 3% OF THE FAIR VALUE OF THE FOUNDATION'S ASSETS (NET OF ACQUISITION INDEBTEDNESS) AS DETERMINED ON JANUARY 1 OF EACH YEAR. IN MAY 2024, THE FOUNDATION MADE ITS ANNUAL DISTRIBUTION TO ITS SUPPORTED ORGANIZATIONS EQUAL TO 3.0% OF NET ASSETS AS CALCULATED AT JANUARY 1, 2023.Expenses $49,344,129 · grants $45,435,512
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-4711746
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $1,469,174,246
- Income (IRS master file)
- $187,274,948
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $107,295,535 | $56,375,570 | $1,469,174,246 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $94,341,341 | $61,779,708 | $1,498,770,520 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $82,615,692 | $51,473,742 | $1,517,931,296 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-4711746).
Questions about DIETRICH FOUNDATION
- What is the EIN of DIETRICH FOUNDATION?
- The employer identification number (EIN) of DIETRICH FOUNDATION is 36-4711746.
- Is DIETRICH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to DIETRICH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DIETRICH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DIETRICH FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DIETRICH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DIETRICH FOUNDATION?
- The 990 for the year ended December 31, 2024 names EDWARD J GREFENSTETTE.
- Who are the officers and directors of DIETRICH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $2,098,335 (EDWARD J GREFENSTETTE, COMMUNITY TRUSTEE, PRESIDE).
- How much revenue does DIETRICH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $107,295,535, expenses of $56,375,570 and total assets of $1,469,174,246 at year end.
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