Howmet Aerospace Foundation
The Howmet Aerospace Foundation is a private independent foundation based in Pittsburgh, Pennsylvania, and the independently endowed charitable arm of Howmet Aerospace Inc., a global leader in engineered metal products for the aerospace and transportation industries. The foundation was granted tax-exempt status in May 2020 and operates as a 501(c)(3) organization.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$141.5M
-1.3% YoY
Annual Giving
$8.4M
+6.2% YoY
Grant Count
209
+0.0% YoY
Avg Grant Size
$40K
+6.2% YoY
Mission & Focus Areas
The Howmet Aerospace Foundation invests in STEM and technical education and workforce development initiatives, with an emphasis on increased access to STEM fields for underrepresented individuals. The foundation strengthens local communities where Howmet Aerospace employees live and work through its grantmaking and employee volunteer activities.
Strategic focus areas include:
- STEM education and technical education
- Workforce development
- Youth services and education
- Community preparedness programs
- Machinist education programs
- The Fabrik 21 program
Grantmaking
The foundation grants more than $8 million annually to nonprofit partners around the world. Based on recent filings:
Grant Range
$2,000 - $250,000
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Geographic Focus
Where this funder awards grants
The foundation funds initiatives in communities where Howmet Aerospace employees live and work globally, with documented grantmaking activity in Pittsburgh, Pennsylvania; Muskegon, Michigan; and other locations across the United States.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $143,304,331
- Total revenue: $3,433,926
- Total expenses: $9,384,771
- Total liabilities: $1,290,000
- Total giving: $8,148,718
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $141,456,493 | $143,304,331 | $196,914,799 |
| Revenue | $12,176,983 | $3,433,926 | $27,580,754 |
| Expenses | $14,353,896 | $9,384,771 | $7,863,088 |
| Qualifying Distributions | $8,620,763 | $8,148,718 | $8,632,167 |
| Net Investment Income | $9,316,024 | $2,222,292 | $26,584,674 |
| Distributable Amount | $9,141,389 | $8,394,676 | $8,643,007 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Neil Marchuk, President and Secretary
- Dean E. Will, Treasurer
- Ken Giacobbe, Director
- Vitaliy Rusakov, Director
- John Hislop, Director
- Vagner Finelli, Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NEIL MARCHUK | PRESIDENT AND SECRETARY | 1 | — |
| JOHN HISLOP | DIRECTOR | 1 | — |
| KEN GIACOBBE | DIRECTOR | 1 | — |
| VAGNER FINELLI | DIRECTOR | 1 | — |
| DEAN E WILL | TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has announced investments supporting quality of life projects in Muskegon, Michigan, and has made grants to organizations including the Southside Youth Center and the Chamber Foundation.
Howmet Aerospace Foundation gifts Southside Youth Senter with grantSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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