Inner City Scholarship Fund Inc
Inner-City Scholarship Fund Inc is a public charity based in New York, New York. It supports need-based scholarships and tuition assistance for students in grades K–12 attending participating Catholic schools in the Archdiocese of New York.
Key facts about Inner City Scholarship Fund Inc
In short: Inner City Scholarship Fund Inc gave $24.2M across 74 grants in 2025 (avg $327K), mostly in New York. 18% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 51-0453629
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $24,196,737
- Grants made (2025)
- 74
- Average grant
- $326,983
- Median grant
- $80,590
- New grantees (estimate)
- 18% first-time grantees (13 of 74, 2025)
- Total assets
- $143,162,491
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The fund does not accept unsolicited requests for its scholarships. Full details ↓
Data from IRS Form 990, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$143.2M
+18.0% YoY
Annual Giving
$24.2M
+39.7% YoY
Grant Count
74
-3.9% YoY
Avg Grant Size
$327K
+45.4% YoY
Is Inner City Scholarship Fund Inc open to new grantees?
18%
first-time grantees, 2025
In 2025, 13 of 74 grantees (18%) were first-time recipients. First grants averaged $769K; repeat grants $233K. How we count
Medians: $13K first-time, $82K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The fund’s mission is to give families with demonstrable financial need the opportunity to provide their children with a quality, values-based K–12 Catholic education in the Archdiocese of New York. Its programs include tuition assistance, student sponsorships, emergency tuition assistance for families facing unforeseen hardship, and grants to Catholic schools and the Archdiocese’s Department of Education. The fund’s 2023 filing describes grants as potentially supporting student scholarships, enrichment, capital repairs, or general operations. It also describes an enrichment program offering high school juniors job-related workshops and paid summer internships.
Among its 2024 grantees, The Children’s Scholarship Fund received $3,000,479. That organization describes its mission as empowering families by providing children in need with scholarships and supporting expanded educational opportunities for all children.
Grantmaking
In 2024, the fund reported 77 grants totaling $17,320,044. Grant amounts ranged from $5,000 to $4,000,000, with a median of $66,595. The largest grants included $4,000,000 to Global Regional School System, $3,000,479 to The Children’s Scholarship Fund, $912,610 to Cardinal Spellman, $751,925 to the Department of Education of the Archdiocese of New York, and $650,000 to Student Sponsor Partnership Inc. The listed grants were for financial aid.
How to Apply
families should contact their school administration, and applicants must be nominated by their school. Eligibility is based on income guidelines, with awards determined through an annual review of household income and family size. Families are responsible for a portion of tuition; the fund does not provide full-tuition scholarships. These instructions concern scholarship support for families.
Ready to take the next step with Inner City Scholarship Fund Inc?
Geographic Focus
Where this funder awards grants
The fund’s stated programs serve participating Catholic schools within the Archdiocese of New York. All reported 2024 grant dollars went to recipients in New York.
Grant Distribution by State
Share of 2025 grant dollars across all 74 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $13.6M (2019) to $24.2M (2025). In 2025 it made 74 grants totaling $24.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Catholic Elementary School Association ($6.8M). Together the top 10 received $18.4M.
Grant Size Distribution
396 grants across all recorded years
The most common grant size was under $50K: 179 grants of 396 (45%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Elementary School Association New York, NY | Financial Aid Grant | $6,788,220 |
| GRSS Treasury New York, NY | Financial Aid Grant | $3,585,000 |
| The Children's Scholarship Fund New York, NY | Financial Aid Grant | $2,927,144 |
| Ascension School New York, NY | Financial Aid Grant | $1,853,385 |
| Cardinal Spellman Bronx, NY | Financial Aid Grant | $983,160 |
| Student Sponsor Program New York, NY | Financial Aid Grant | $650,000 |
| Our Lady of Mt Carmel School Bronx, NY | Financial Aid Grant | $515,804 |
| Holy Family School Bronx, NY | Financial Aid Grant | $434,854 |
| Cardinal Hayes Bronx, NY | Financial Aid Grant | $360,475 |
| Sacred Heart High Yonkers, NY | Financial Aid Grant | $302,615 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $121,330,635 | $26,514,486 | $21,459,132 | $17,320,044 |
| 2023 | $107,195,052 | $19,320,352 | $20,059,238 | $16,380,351 |
| 2022 | $102,427,007 | $17,490,225 | $19,293,513 | $15,494,408 |
The organization reports that its endowment funds are permanently restricted and that annual appropriations support need-based scholarships for students attending Catholic schools in the Archdiocese of New York.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $143,162,491 | $121,330,635 | $107,195,052 |
| Revenue | $48,828,788 | $26,514,486 | $19,320,352 |
| Expenses | $28,805,291 | $21,459,132 | $20,059,238 |
| Net Investment Income | $9,238,339 | $3,779,101 | $74,650 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 28, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 15, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS April 22, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 26, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS April 9, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS July 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Cardinal Timothy Dolan as chairman; Peter T. Grauer as trustee/president; John P. Cahill as treasurer; Sr. Mary Grace Walsh as secretary; and Anthony J. De Nicola, Michael P. Esposito III, Catherine M. Keating, Thomas S. Murphy Jr., and Douglas J. Band as trustees. It also lists Rev. Joseph P. LaMorte as vicar general.
Inner City Scholarship Fund Inc is led by Jill Lloyd, Executive Director since 2022 (on filings since 2021); 5 of 44 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jill Lloyd
Executive Director
Director of Development → Executive Director, 2022
On filings since 2021
35 hrs/week
$155K (2021) → $288K (2025)
Peter T. Grauer
Trustee & President
On filings since 2019
1 hr/week
No compensation reported
Cardinal Timothy Dolan
Chairman
On filings since 2019
1 hr/week
No compensation reported
Kimberly Branach
Director of Development
New on the 2025 filing
35 hrs/week
$144K (2025)
Anthony J. De Nicola
Trustee & Vice President
On filings since 2019
1 hr/week
No compensation reported
Armando Rodriguez Jr.
Trustee
On filings since 2019
1 hr/week
No compensation reported
Arthur J. Mahon
Trustee
On filings since 2019
1 hr/week
No compensation reported
Catherine M. Keating
Trustee & Vice President
Trustee → Trustee & Vice President, 2024
On filings since 2019
1 hr/week
No compensation reported
Christine H. Schwarzman
Trustee
On filings since 2019
1 hr/week
No compensation reported
Douglas J. Band
Trustee
On filings since 2019
1 hr/week
No compensation reported
Edward D. Herlihy
Trustee
On filings since 2019
1 hr/week
No compensation reported
Frederic V. Salerno
Trustee
On filings since 2019
1 hr/week
No compensation reported
James M. Naughton
Trustee
On filings since 2019
1 hr/week
No compensation reported
John Q. Doyle
Trustee
On filings since 2019
1 hr/week
No compensation reported
Lawrence B. Benenson
Trustee
On filings since 2019
1 hr/week
No compensation reported
Margaret Crotty
Trustee
On filings since 2019
1 hr/week
No compensation reported
Martin J. Sullivan
Trustee
On filings since 2019
1 hr/week
No compensation reported
Melanie Shugart
Trustee
On filings since 2019
1 hr/week
No compensation reported
Michael P. Esposito III
Trustee & Vice President
On filings since 2019
1 hr/week
No compensation reported
Mo Rocca
Trustee
On filings since 2019
1 hr/week
No compensation reported
Patricia A. Quick
Trustee
On filings since 2019
1 hr/week
No compensation reported
Ponchitta Pierce
Trustee
On filings since 2019
1 hr/week
No compensation reported
Robert Gittings
Trustee
On filings since 2019
1 hr/week
No compensation reported
Samuel A. Di Piazza Jr.
Trustee
On filings since 2019
1 hr/week
No compensation reported
Stephen G. Rooney Esq.
Trustee
On filings since 2019
1 hr/week
No compensation reported
Thomas C. Quick
Trustee
On filings since 2019
1 hr/week
No compensation reported
Thomas H. Golden
Trustee
On filings since 2019
1 hr/week
No compensation reported
Thomas S. Murphy Jr.
Trustee & Vice President
On filings since 2019
1 hr/week
No compensation reported
Timothy C. Muccia
Trustee
On filings since 2019
1 hr/week
No compensation reported
Ana L. Diez De Rivera-Laffont
Trustee
On filings since 2021
1 hr/week
No compensation reported
Lynn C. Martin
Trustee
On filings since 2022
1 hr/week
No compensation reported
Thomas J. Reid
Trustee
On filings since 2022
1 hr/week
No compensation reported
Bishop Edmund J. Whalen
Trustee
On filings since 2023
1 hr/week
No compensation reported
Donna Kalajian Lagani
Trustee
On filings since 2023
1 hr/week
No compensation reported
Leon F. Dejulius Jr.
Trustee
On filings since 2024
1 hr/week
No compensation reported
Michael E. Martin
Trustee
On filings since 2024
1 hr/week
No compensation reported
L. Christopher Quick
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Walter S. Tomenson III
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Alberto Robaina
Chief of Staff & Special Co
Chief of Staff & Special Counsel → Chief of Staff & Special Co, 2025
On filings since 2022
35 hrs/week
$132K (2022) → $147K (2025)
Mary C. Brown
Chief of Finance & Operations
Chief Operating Officer → Chief of Finance & Operations, 2025
On filings since 2023
35 hrs/week
$138K (2023) → $152K (2025)
James M. Varay
Data & Ops. Analyst
New on the 2025 filing
35 hrs/week
$158K (2025)
John P. Cahill
Treasurer
Chancellor → Treasurer, 2022
On filings since 2020
1 hr/week
No compensation reported
Joseph P. Lamorte
Vicar General
On filings since 2020
1 hr/week
No compensation reported
Sr Mary Grace Walsh
Secretary
On filings since 2023
1 hr/week
No compensation reported
Former officers (22)
- Former: Robert P. Weisz (2019–2024) — Trustee
- Former: Walter S. Tomenson Jr. (2019–2024) — Trustee
- Former: Paul Costiglio (2024) — Director of Marketing
- Former: Michael Deegan (2019–2023) — Secretary
- Former: Alyson E. Vetter (2023) — Director of Marketing
- Former: George B. Irish (2019–2022) — Trustee
- Former: John M. Callagy Esq. (2019–2022) — Trustee
- Former: Mary Ann Tighe (2019–2022) — Trustee & Vice President
- Former: Michael J. Millette (2019–2022) — Trustee
- Former: Susan George (2019–2022) — Executive Director
- Former: Thomas S. Johnson (2019–2022) — Trustee
- Former: Daniel Mileno (2022) — Director of Marketing
- Former: Most Rev Edman J. Whalen (2022) — Trustee
- Former: Christopher H. Peterson (2019–2021) — Trustee
- Former: John J. Farrell (2021) — Trustee
- Former: Milton L. Williams Sr. (2019–2020) — Trustee
- Former: Nicholas Gulde (2019–2020) — Deputy Director
- Former: Howard J. Rubenstein (2020) — Emeritus
- Former: Kelvin Gentles (2019) — Director of Development
- Former: Msgr Gregory Mustaciuolo (2019) — Trustee & Treasurer
- Former: MSGR Joseph P LaMorte (2019) — Trustee & Treasurer
- Former: Timothy McNiff (2019) — Trustee & Secretary
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $288K, to Jill Lloyd (Executive Director). 5 officers or directors reported compensation on that filing.
Contact
Mailing address: 1011 First Avenue 1800, New York, NY 10022
Phone: (212) 753-8583
Website: https://innercityscholarshipfund.org
Frequently asked questions about Inner City Scholarship Fund Inc
How much does Inner City Scholarship Fund Inc give each year?
Inner City Scholarship Fund Inc gave $24.2M across 74 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $17.3M across 77 grants.
What is Inner City Scholarship Fund Inc's typical grant size?
Inner City Scholarship Fund Inc's median grant in 2025 was $80,590, and its average grant was $326,983, across 74 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Inner City Scholarship Fund Inc that year got $769K on average.
Where does Inner City Scholarship Fund Inc give grants?
Inner City Scholarship Fund Inc gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Bronx, NY (21 grants), New York, NY (15 grants), Staten Island, NY (10 grants) and Manhattan, NY (5 grants).
Does Inner City Scholarship Fund Inc give general operating support?
Not in 2025: none of the 74 grants with a stated purpose on Inner City Scholarship Fund Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Financial Aid Grant" (74 grants).
Who are Inner City Scholarship Fund Inc's largest grantees?
Inner City Scholarship Fund Inc's largest 2025 grantees include Catholic Elementary School Association ($6,788,220), GRSS Treasury ($3,585,000) and The Children's Scholarship Fund ($2,927,144), according to its 2025 IRS Form 990. Together they received 55% of its itemized 2025 grant dollars.
How large is Inner City Scholarship Fund Inc?
Inner City Scholarship Fund Inc reported $143.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $48.8M.
What does Inner City Scholarship Fund Inc fund?
The fund’s mission is to give families with demonstrable financial need the opportunity to provide their children with a quality, values-based K–12 Catholic education in the Archdiocese of New York. See mission & focus areas ↑
How do I apply for a grant from Inner City Scholarship Fund Inc?
The fund does not accept unsolicited requests for its scholarships. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Inner City Scholarship Fund Inc's EIN?
Inner City Scholarship Fund Inc's EIN (Employer Identification Number) is 51-0453629. IRS Form 990 filing data is available on this page for 2019–2025.
Does Inner City Scholarship Fund Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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