Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Victoria Foundation Inc. is a private corporation based in NEWARK, NJ. The foundation received its IRS ruling in 1936. It holds total assets of $334.7M. Annual income is reported at $81.9M. Total assets have grown from $196.8M in 2011 to $304.9M in 2023. The foundation is governed by 18 officers and trustees. Tax records are available from 2020 to 2023. Grantmaking is concentrated in New Jersey. According to available records, Victoria Foundation Inc. has made 329 grants totaling $24M, with a median grant of $45K. The foundation has distributed between $11.5M and $12.5M annually from 2022 to 2023. Individual grants have ranged from $2K to $1.7M, with an average award of $73K. The foundation has supported 149 unique organizations. The foundation primarily supports organizations in New Jersey, New York, Maryland, which account for 99% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Victoria Foundation Inc. is one of New Jersey's oldest and largest private foundations, founded in 1924 and anchored exclusively to Newark. With approximately $305 million in assets and annual grants ranging from $11.5 million to $14.3 million in recent years, it is the dominant place-based funder in Essex County. Organizationally, it functions as a family-affiliated foundation with Parker family trustees holding board seats alongside independent community trustees — but it operates with full professional staff and an equity-centered, community-rooted philosophy that distinguishes it from typical family foundations.
The foundation's 2022 strategic realignment is the single most important thing a prospective applicant must understand. Victoria moved from traditional program officer roles to 'strategy officers' who co-create grantmaking strategies with community partners. This reflects a trust-based philanthropy model: the foundation seeks long-term partners, not transactional grant recipients. Most of its grantees are multi-year, repeat relationships — Community Foundation of NJ has received 19 grants totaling $3.4 million; LISC Newark received 6 grants totaling $766,000; Ironbound Community Corporation received 7 grants totaling $710,000.
For first-time applicants, the relationship-before-application approach is non-negotiable. The foundation publicly signals that new grantees emerge from conversations with strategy officers, not unsolicited proposals. Organizations should request an introductory call, attend Newark civic convenings where foundation staff participate (such as the Newark Future Forum with Rutgers), and build familiarity before submitting anything formal.
Typical application pathways begin with an informal inquiry or LOI, followed by a formal online application via the NY/NJ Common Application or the foundation's own portal. Site visits are common for larger requests. The foundation appears to run rolling or semi-annual cycles rather than rigid annual deadlines, so monitoring their website for cycle announcements is essential. Organizations working in the three Thriving Neighborhoods Initiative target areas — Fairmount Heights, Lower Broadway, and Upper Clinton Hill — have the strongest pathway to initial funding.
Victoria Foundation's financial profile has grown substantially over a decade. Total assets rose from $196.8 million in 2011 to $304.9 million in 2023, a 55% increase. Annual grants paid have ranged from $9.5 million (2012) to $13.5 million (2021), with 2023 reporting $11.5 million in grants paid and $15.3 million in total giving. The foundation's own announcements show $12.8 million distributed in 2024 and $14.3 million in 2025 — the latter being the highest announced figure in recent history.
Grant size data from the foundation's 990 filings and DB records reveal a median grant of $45,000 and an average of approximately $73,000–$78,000. The practical range runs from $2,500 (small capacity-building grants) to $1 million (large multi-year awards). Centennial Impact Awards in 2024 saw seven organizations share $2.5 million in surprise grants, with individual awards averaging $357,000 each — suggesting the foundation can make transformational commitments to trusted partners.
Breaking down the grantee database (329 total grants, $24 million aggregate): 91% of grants (300 of 329) went to New Jersey organizations, with 24 grants to New York and a handful in Maryland and Pennsylvania. The geographic concentration in Newark is even tighter — nearly all NJ grants are to Newark-based or Newark-serving nonprofits.
By program area (inferred from grant purposes): community development and neighborhood organizing accounts for the largest share, followed by education and youth development (YouthBuild Newark $750K, Saint Vincent Academy $320K, Rutgers University programs $642K), housing and tenant rights (Newark Community Street Team $820K, Office of Tenant Legal Services), environmental justice (Raritan Baykeeper $254K, Greater Newark Conservancy $185K, NJ Conservation Foundation $160K), arts and culture (NJ Performing Arts Center $600K, Newark Museum $220K, Newark Arts Council $270K), and immigrant services (Neo Philanthropy $270K, Newark Emergency Services for Families $265K). General operating support is the dominant grant type across all categories.
The table below positions Victoria Foundation against four comparable New Jersey and regional private foundations:
| Foundation | Assets (approx.) | Annual Giving | Primary Focus | Application |
|---|---|---|---|---|
| Victoria Foundation | $305M (FY2023) | $11.5–14.3M | Newark community power, economic justice, youth | Relationship/invite, NY-NJ Common App |
| Nicholson Foundation | ~$180M | ~$8–9M | Newark education, workforce, community dev. | Invited only |
| Geraldine R. Dodge Foundation | ~$250M | ~$8–10M | NJ arts, environment, public education | LOI-based open cycle |
| Prudential Foundation | Corporate (~$300M+ endowment equiv.) | ~$20M+ | Newark economic mobility, national | Invited/RFP |
| Community Foundation of NJ | ~$500M+ | ~$30M+ (DAF pass-through) | Statewide NJ, donor-directed | Competitive + DAF |
Victoria Foundation occupies a unique niche among these peers: it is the only one exclusively organized around Newark neighborhood-level community power building, with a trust-based grantmaking philosophy that prioritizes relationship over open competition. Nicholson Foundation is Victoria's closest Newark-focused peer, but emphasizes education and workforce development with less community-organizing focus. Geraldine R. Dodge is somewhat more accessible to new applicants via its LOI process. Prudential Foundation outspends Victoria but operates with a corporate agenda and national portfolio. For organizations deeply rooted in Newark's three Thriving Neighborhoods, Victoria offers the deepest and most sustained partnership commitment of any funder in the region.
Victoria Foundation celebrated its centennial in 2024 with $12.8 million in grants and a gala at which seven long-term grantees received surprise Centennial Impact Awards totaling $2.5 million — an average of $357,000 each. In 2025, total grantmaking rose to $14.3 million across 100+ grants, the foundation's highest disclosed annual total in recent years.
Leadership transitions define 2025: Rob Clark became Board President in August 2025, ending Frank Alvarez's 10-year tenure. William G. Simpson II joined in September 2025 as the Strengthen Community Power Strategy Officer. Executive Officer Craig Drinkard received an honorary doctorate from Drew University in May 2025 and was appointed alongside trustee Henry Amoroso to Governor-elect Mikie Sherrill's transition team in December 2025 — indicating the foundation's growing statewide policy role.
In March 2026, the foundation participated in the groundbreaking of a $50 million holistic wellness center in Newark's South Ward, a capital milestone supported by grantees BRICK Networks, Saint James Health, and YMCA of Newark. The foundation also co-presented the Newark Future Forum with Rutgers University, and co-sponsored the High School Civics Competition with Newark Board of Education, funding $37,000 in awards to three winning schools through the NJ Institute for Social Justice.
Confirm current application status first. New applications were suspended in 2022 during the strategic restructuring. The foundation distributed $14.3 million in 2025, signaling active grantmaking, but the structure for new applicants remains relationship-driven. Before any submission, visit victoriafoundation.org/how-to-apply and call (973) 792-9200 or email info@victoriafoundation.org to confirm whether a new-applicant pathway is currently open.
Match the four-pillar language precisely. The foundation's 2022 realignment established four named priorities: Strengthen Community Power, Foster Economic Justice, Promote Youth Self-Determination, and Respond to Pressing Needs. Proposals should name the relevant pillar explicitly and demonstrate how the work advances systemic change rather than symptomatic relief. Grant language in the grantee database consistently references 'community power,' 'resident leaders,' 'organizing,' and 'advocacy' — mirror this framing.
Anchor to the Thriving Neighborhoods Initiative geography. Organizations operating in Fairmount Heights, Lower Broadway, or Upper Clinton Hill have the clearest pathway. If your work spans all of Newark, articulate specific touchpoints in these three neighborhoods.
Lead with general operating support. The foundation's dominant grant type is unrestricted general operating support. Proposals that tie funding to a single deliverable or project reduce flexibility and signal a transactional rather than partnership orientation. Request operational support and describe organizational health, governance, and community accountability.
Show BIPOC community leadership at every level. Board, staff, and community advisory composition matter. Grantees that are BIPOC-led and BIPOC-accountable are prioritized explicitly; the New Jersey Arts and Culture Renewal Fund grant to Princeton Area Community Foundation ($300K) was specifically designated for 'BIPOC-led' Newark arts organizations.
Use the NY/NJ Common Application format. The foundation accepts this standardized format, which saves preparation time. Keep narratives under 5 pages for an initial submission; site visits typically follow for grants above $100,000.
Optimal timing: apply in fall. Year-end grant announcements (December) suggest a fall review cycle. Submit letters of interest in August–September to align with this calendar.
Create a free Granted account to download this report — includes application checklist, full financial data, and all grantees.
Already have an account? Sign in to download.
Smallest Grant
$3K
Median Grant
$45K
Average Grant
$78K
Largest Grant
$1M
Based on 163 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.
Victoria Foundation's financial profile has grown substantially over a decade. Total assets rose from $196.8 million in 2011 to $304.9 million in 2023, a 55% increase. Annual grants paid have ranged from $9.5 million (2012) to $13.5 million (2021), with 2023 reporting $11.5 million in grants paid and $15.3 million in total giving. The foundation's own announcements show $12.8 million distributed in 2024 and $14.3 million in 2025 — the latter being the highest announced figure in recent history. .
Victoria Foundation Inc. has distributed a total of $24M across 329 grants. The median grant size is $45K, with an average of $73K. Individual grants have ranged from $2K to $1.7M.
Victoria Foundation Inc. is one of New Jersey's oldest and largest private foundations, founded in 1924 and anchored exclusively to Newark. With approximately $305 million in assets and annual grants ranging from $11.5 million to $14.3 million in recent years, it is the dominant place-based funder in Essex County. Organizationally, it functions as a family-affiliated foundation with Parker family trustees holding board seats alongside independent community trustees — but it operates with full pr.
Victoria Foundation Inc. is headquartered in NEWARK, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Irene Cooper-Basch- Through 21622 | CO-EXECUTIVE OFFICER & ASST. SECRETARY | $342K | $39K | $381K |
| Craig L Drinkard | CO-EXECUTIVE OFFICER & ASST. SECRETARY | $332K | $54K | $386K |
| Akila Sherrils | TRUSTEE | $0 | $0 | N/A |
| Margaret H Parker | VICE PRESIDENT | $0 | $0 | N/A |
| John F Parker | TRUSTEE | $0 | $0 | N/A |
| Bei Saville | TRUSTEE | $0 | $0 | N/A |
| Henry Amoroso | TRUSTEE | $0 | $0 | N/A |
| Ana Baptista | TRUSTEE | $0 | $0 | N/A |
| Grizel Ubarry | TRUSTEE | $0 | $0 | N/A |
| Amina Bey | TRUSTEE | $0 | $0 | N/A |
| Gary M Wingens | TREASURER | $0 | $0 | N/A |
| Robert Holmes Esq | TRUSTEE | $0 | $0 | N/A |
| Robert Clark | TRUSTEE | $0 | $0 | N/A |
| Sarah Chubb Sauvayre | TRUSTEE | $0 | $0 | N/A |
| Denise Rogers | TRUSTEE | $0 | $0 | N/A |
| Sally Chubb | TRUSTEE | $0 | $0 | N/A |
| Franklin E Parker Iv | TRUSTEE | $0 | $0 | N/A |
| Frank Alvarez | PRESIDENT | $0 | $0 | N/A |
Total Giving
$15.3M
Total Assets
$304.9M
Fair Market Value
$304.9M
Net Worth
$304.9M
Grants Paid
$11.5M
Contributions
N/A
Net Investment Income
$6.9M
Distribution Amount
$14.3M
Total: $222.3M
Total Grants
329
Total Giving
$24M
Average Grant
$73K
Median Grant
$45K
Unique Recipients
149
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Project UseTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $75K | 2023 |
| Newark Community Street TeamTO SUPPORT PHASE TWO OF NEWARK STAYS EXPANSION INTO A CITYWIDE ORGANIZING AND ADVOCACY EFFORTS FOCUSED ON HOUSING ISSUES | Newark, NJ | $600K | 2023 |
| New Community CorporationTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $400K | 2023 |
| Community Foundation Of New JerseyTO SUPPORT THE THRIVING NEIGHBORHOODS INITIATIVE FUND | Morristown, NJ | $350K | 2023 |
| Unified Vailsburg ServicesTO BE USED TO ADDRESS SHORT-TERM CASHFLOW GAPS FOR IMMEDIATE NEEDS INCLUDING PAYROLL AND OTHER OPERATING COSTS | Newark, NJ | $300K | 2023 |
| La Casa De Don Pedro IncTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $300K | 2023 |
| New Jersey Performing Arts CenterTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $300K | 2023 |
| Ironbound Community CorporationTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $250K | 2023 |
| Local Initiatives Support CorporationTO SUPPORT THE THRIVING NEIGHBORHOODS INITIATIVE AT LISC NEWARK | New York, NY | $228K | 2023 |
| Trust For Public LandTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $220K | 2023 |
| Newark Museum AssociationTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $220K | 2023 |
| Urban League Of Essex CountyTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $205K | 2023 |
| Youthbuild NewarkTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $200K | 2023 |
| Neo PhilanthropyTO SUPPORT COMMUNITY RESPONSE COORDINATOR AND COMMUNITY ENGAGEMENT ORGANIZER FOCUSED PRIMARILY ON NEWARK, AND ONE OR MORE CONVENINGS TO IDENTIFY GAPS, STRENGTHEN CONNECTIONS, AND BUILD AN ADVOCACY BASE FOR ADDITIONAL RESOURCES | New York, NY | $200K | 2023 |
| Newark Emergency Services For FamiliesTO SUPPORT STAFFING (CASE MANAGEMENT AND ADMINISTRATIVE) FOCUSED ON NEW MIGRANT ARRIVALS | Newark, NJ | $185K | 2023 |
| Newark AllianceTO SUPPORT THE CITY OF NEWARK'S EFFORT TO ATTRACT NEW FEDERAL FUNDS AND SUPPORT CDCS IN GUIDING PRIORITIES AND ANCHORING IMPLEMENTATION | Newark, NJ | $150K | 2023 |
| Princeton Area Community Foundation IncTO SUPPORT THE NEW JERSEY ARTS AND CULTURE RENEWAL FUND WHICH WILL PROVIDE GRANTS TO ARTISTS AND SMALL TO MID-SIZED NEWARK NONPROFIT ARTS ORGANIZATIONS PRIORITIZING THOSE THAT ARE BIPOC-LED | Lawrenceville, NJ | $150K | 2023 |
| South Ward AllianceTO SUPPORT SOUTH WARD PROMISE NEIGHBORHOOD'S COMMITMENT TO ADDRESSING COMMUNITY HEALTHCARE NEEDS VIA THE SOUTH WARD WELLNESS CENTER | Newark, NJ | $140K | 2023 |
| New Jersey Consortium For Immigrant Children IncTO SUPPORT A) POLICY ASSOCIATE AND COMMUNITY NAVIGATOR POSITIONS FOCUSED PRIMARILY ON NEWARK, AND B) ONE OR MORE CONVENINGS TO IDENTIFY GAPS, STRENGTHEN CONNECTIONS, AND BUILD AN ADVOCACY BASE FOR ADDITIONAL RESOURCES | Jersey City, NJ | $135K | 2023 |
| Community Food Bank Of New Jersey IncTO SUPPORT GENERAL OPERATIONS | Hillside, NJ | $130K | 2023 |
| St Benedict'S Preparatory School IncTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $120K | 2023 |
| Saint Vincent AcademyTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $110K | 2023 |
| Greater Newark Conservancy IncTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $110K | 2023 |
| Clinton Hill Community ActionTO SUPPORT THE ACCOUNTABLE DEVELOPMENT PROJECT, THROUGH SOUTH WARD ENVIRONMENTAL ALLOANCE AND PARTICIPATING CDCS AND COMMUNITY GROUPS, AS THEY BUILD CAPACITY OF RESIDENT LEADERS TO EXERT INFLUENCE OVER DEVELOPMENT PROPOSALS IN THEIR NEIGHBORHOODS | Newark, NJ | $105K | 2023 |
| The Apostles' HouseTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $100K | 2023 |
| Newark Trust For Education IncTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $100K | 2023 |
| Rutgers University FoundationTO SUPPORT THE NEWARK CITY OF LEARNING COLLABORATIVE AT THE CORNWALL CENTER | New Brunswick, NJ | $100K | 2023 |
| Boys And Girls Clubs Of Newark IncTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $90K | 2023 |
| Greater Life IncTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $85K | 2023 |
| Girl Scouts Heart Of New Jersey IncTO SUPPORT GENERAL OPERATIONS | North Branch, NJ | $85K | 2023 |
| Raritan Baykeeper IncTO SUPPORT GENERAL OPERATIONS | Matawan, NJ | $85K | 2023 |
| Focus Hispanic Center For Community Development IncTO SUPPORT THE NEWARK DEBATE ACADEMY'S GENERAL OPERATIONS | Newark, NJ | $80K | 2023 |
| New Jersey Conservation FoundationTO SUPPORT GENERAL OPERATIONS | Far Hills, NJ | $80K | 2023 |
| Students 2 Science IncTO SUPPORT GENERAL OPERATIONS | East Hanover, NJ | $75K | 2023 |
| Ymca Of Newark And VicinityTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $75K | 2023 |
| Invest NewarkTO SUPPORT, ALONG WITH PRUDENTIAL FOUNDATION, THE POSITION OF PROGRAM DIRECTOR NEEDED TO MANAGE THE NEIGHBORHOOD INVESTMENT INITIATIVE. THIS POSITION WILL BE WITHIN THE CITY OF NEWARK'S DEPARTMENT OF ECONOMIC AND HOUSING DEVELOPMENT | Newark, NJ | $75K | 2023 |
| Newark Public LibraryTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $75K | 2023 |
| Frost Valley YmcaTO SUPPORT THE 2024 SUMMER CAMP TO BENEFIT NEWARK YOUTHS | Claryville, NY | $75K | 2023 |
| Leadership Newark IncTO SUPPORT GENERAL OPERATIONS | Newark, NJ | $75K | 2023 |
| Chalkbeat IncTO SUPPORT CHALKBEAT NEWARK | New York, NY | $75K | 2023 |