Andrew W. Mellon Foundation Founded June 30, 1969 Founder Paul Mellon Ailsa Mellon Bruce Focus Higher education Museums and art conservation Performing arts Conservation Location New York City Method Grants Key people Elizabeth Alexander, President Revenue (2015) $380,179,226 [1] Expenses (2015) $331,375,744 [1] Endowment $6.1 billion Website www.mellon.org The Andrew W. Mellon Foundation of New York City in the United States is a private foundation with five core areas of interest, and endowed with wealth accumulated by 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. Elizabeth Alexander is the Foundation's pr...