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Verizon Foundation is a private corporation based in BASKING RIDGE, NJ. The foundation received its IRS ruling in 1987. It holds total assets of $23.8M. Annual income is reported at $5.1M. Total assets have decreased from $144.5M in 2011 to $23.8M in 2024. The foundation is governed by 7 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Grantmaking is concentrated in New York. According to available records, Verizon Foundation has made 44,963 grants totaling $82.2M, with a median grant of $250. Annual giving has decreased from $52.2M in 2020 to $12.5M in 2022. Individual grants have ranged from N/A to $5M, with an average award of $2K. The foundation has supported 12,088 unique organizations. The foundation primarily supports organizations in New York, District of Columbia, Maryland, which account for 21% of all grants. Grantmaking reaches organizations across 56 states. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$250
Average Grant
$1K
Largest Grant
$1M
Based on 12,925 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Verizon Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 44,963 grants. Its grantmaking reaches organizations primarily in NY, DC, MD.
Verizon Foundation has distributed a total of $82.2M across 44,963 grants. The median grant size is $250, with an average of $2K. Individual grants have ranged from N/A to $5M.
Verizon Foundation typically selects its grantees rather than accepting unsolicited proposals.
Verizon Foundation is headquartered in BASKING RIDGE, NJ. While based in NJ, the foundation distributes grants to organizations across 56 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lisa Czapka | VICE PRESIDENT AND CONTROLLER | $0 | $0 | N/A |
| Rose M Kirk | PRESIDENT | $0 | $0 | N/A |
| Kee Chan Sin | VICE PRESIDENT AND TREASURER | $0 | $0 | N/A |
| Laurence D Fulton | CHIEF INVESTMENT OFFICER | $0 | $0 | N/A |
| Brandon N Egren | SECRETARY | $0 | $0 | N/A |
| Suzanne M Ferrara-Mora | ASSISTANT TREASURER | $0 | $0 | N/A |
| Jennifer L Moak Thru 1222 | VICE PRESIDENT AND CONTROLLER | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$23.8M
Fair Market Value
N/A
Net Worth
$22.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
44,963
Total Giving
$82.2M
Average Grant
$2K
Median Grant
$250
Unique Recipients
12,088
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Human Rights Campaign FoundationHRC FOUNDATIONS PROFESSIONAL DEVELOPMENT AND TRAINING INSTITUTE | Washington, DC | $500K | 2022 |
| International Rescue Committee IncMIP PAYOUT FOR 04/01/2022 | New York, NY | $32K | 2022 |
| American National Red CrossMIP PAYOUT FOR 04/01/2022 | Fairfield, NJ | $24K | 2022 |
| Medecins Sans Frontiers Usa IncMIP PAYOUT FOR 04/01/2022 | New York, NY | $24K | 2022 |
| St Jude Children'S Research HospitalMIP PAYOUT FOR 02/07/2022 | Memphis, TN | $13K | 2022 |
| Save The Children Federation IncMIP PAYOUT FOR 04/01/2022 | Fairfield, CT | $12K | 2022 |
| Boumi Hospital Transportation FundMIP PAYOUT FOR 07/05/2022 | Baltimore, MD | $12K | 2022 |
| University Of TampaMIP PAYOUT FOR 01/27/2022 | Tampa, FL | $10K | 2022 |
| Texas Christian UniversityMIP PAYOUT FOR 01/27/2022 | Fort Worth, TX | $10K | 2022 |
| Virginia State University FoundationMIP PAYOUT FOR 12/02/22 | Petersburg, VA | $10K | 2022 |
| Worcester Polytechnic InstituteMIP PAYOUT FOR 02/07/2022 | Worcester, MA | $9K | 2022 |
| Hillsdale CollegeMIP PAYOUT FOR 02/07/2022 | Hillsdale, MI | $9K | 2022 |
| Mc Daniel College IncMIP PAYOUT FOR 05/04/2022 | Westminster, MD | $9K | 2022 |
| University Of Notre Dame Du LacMIP PAYOUT FOR 02/07/2022 | Notre Dame, IN | $8K | 2022 |
| University Of Maine FoundationMIP PAYOUT FOR 05/04/2022 | Orono, ME | $8K | 2022 |
| Pennsylvania State University Philanthropic FundMIP PAYOUT FOR 10/03/22 | State College, PA | $7K | 2022 |
| George Washington UniversityMIP PAYOUT FOR 02/07/2022 | Washington, DC | $7K | 2022 |
| St Josephs UniversityMIP PAYOUT FOR 02/07/2022 | Philadelphia, PA | $7K | 2022 |
| University Of Virginia Engineering Foundation IncMIP PAYOUT FOR 01/27/2022 | Charlottesvle, VA | $7K | 2022 |
| Boston College TrusteesMIP PAYOUT FOR 02/07/2022 | Chestnut Hill, MA | $7K | 2022 |
| Saint Anselm CollegeMIP PAYOUT FOR 05/04/2022 | Manchester, NH | $7K | 2022 |
| Charities Aid Foundation America2022 Q2 INT'L MATCHING GIFTS PAYMENT VIA CAF AMERICA | Alexandria, VA | $7K | 2022 |
| Trustees Of Columbia University In The City Of New YorkMIP PAYOUT FOR 12/02/22 | New York, NY | $7K | 2022 |
| University Of Texas FoundationMIP PAYOUT FOR 01/27/2022 | Austin, TX | $7K | 2022 |