Association of American Railroads
AAR PROMOTES A SAFE AND EFFICIENT NORTH AMERICAN RAIL SYSTEM WITH PRINCIPAL ACTIVITIES IN AREAS SUCH AS STANDARDS, OPERATIONS, SAFETY, SECURITY, PUBLIC AFFAIRS AND PUBLIC POLICY.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$52.3M
+7.3% YoY
Annual Giving
$1.8M
+12.0% YoY
Grant Count
13
+18.2% YoY
Avg Grant Size
$142K
-5.2% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $52,287,380 | $48,749,406 | $28,089,328 |
| Revenue | $70,167,327 | $77,003,356 | $59,775,689 |
| Expenses | $68,311,159 | $68,097,791 | $59,833,146 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $651,028 | $376,199 | $45,582 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
61 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Association of American Railroads fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEITH CREEL | DIRECTOR | 1 | — |
| KATHRYN M FARMER | DIRECTOR | 1 | — |
| JOE HINRICHS | DIRECTOR | 1 | — |
| TRACY ROBINSON | DIRECTOR | 1 | — |
| ALAN SHAW | DIRECTOR (UNTIL 9/15/2024) | 1 | — |
| MICHAEL MILLER | DIRECTOR | 1 | — |
| JIM VENA | DIRECTOR | 1 | — |
| WILLIAM O'LEARY | DIRECTOR | 1 | — |
| MARK GEORGE | DIRECTOR | 1 | — |
| DAN SMITH | DIRECTOR | 1 | — |
| IAN N JEFFERIES | PRESIDENT, CEO | 40 | $2,688,223 |
| PAUL R HEDRICK | SVP-FIN, ADMIN & CFO | 39 | $610,786 |
| EDWARD A KENDALL JR | CORPORATE SECRETARY | 38 | $295,021 |
| KATHRYN D KIRMAYER | SVP-LAW & GENERAL COUNSEL | 40 | $760,778 |
| MICHAEL J RUSH | SVP-SAFETY & OPERATIONS | 38 | $603,536 |
| KRISTIN A SMITH | SVP-COMMUNICATIONS | 40 | $513,810 |
| ADRIAN ARNAKIS | SVP-GOVERNMENT AFFAIRS | 40 | $675,478 |
| RAND GHAYAD | SVP-POLICY & ECONOMICS | 40 | $411,415 |
| STEPHEN GORDON | ASSOCIATE GENERAL COUNSEL | 40 | $362,254 |
| JOHN MILLER | ASSOCIATE GENERAL COUNSEL | 40 | $367,340 |
| WILLIAM C THOMPSON | PROGRAM MANAGER | 40 | $385,880 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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