Everything about Andrew W Mellon Foundation totally explained
The
Andrew W. Mellon Foundation of
New York City and
Princeton, New Jersey in the
United States, is a
foundation with five core areas of interest, endowed with wealth accumulated by the late
Andrew W. Mellon of the Mellon family of
Pittsburgh, Pennsylvania. It is the product of the 1969 merger of the
Avalon Foundation and the
Old Dominion Foundation. These foundations were set up separately by
Paul Mellon and
Ailsa Mellon-Bruce, the children of
Andrew W. Mellon. It is housed in the expanded former offices of the
Bollingen Foundation in
New York City, another educational philanthropy supported by Paul Mellon.
Don Michael Randel is the Foundation's president. His predecessors have included
William G. Bowen,
John Edward Sawyer and
Nathan Pusey. Randel is the former President of the
University of Chicago.
Core areas of interest
Research group
Mellon has a small research group that has investigated doctoral education, collegiate admissions, independent research libraries, charitable nonprofits, scholarly communications, and other issues in order to ensure that the foundation's grants would be well-informed and more effective. Some of the recent publications of this effect include
Equity and Excellence in American Higher Education,
Reclaiming the Game: College Sports and Educational Values,
JSTOR: A History,
The Game of Life: College Sports and Educational Values, and
The Shape of the River.
Mellon's endowment has fluctuated in the range of $5-6 billion dollars in recent years, and its annual grantmaking has been on the order of $300 million.
Further Information
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