Inner City Scholarship Fund Inc
Inner-City Scholarship Fund Inc is a public charity based in New York, New York, that supports need-based tuition assistance for students in grades K–12 attending participating Catholic schools in the Archdiocese of New York. The organization says it serves families with demonstrable financial need and students of all faiths.
Inner City Scholarship Fund Inc at a glance
In short: Inner City Scholarship Fund Inc gave $24.2M across 74 grants in 2025 (avg $327K), mostly in New York. 10% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $24,196,737
- +39.7% vs 2024
- Grants made (2025)
- 74
- -3.9% vs 2024
- Average grant
- $326,983
- +45.4% vs 2024
- Median grant
- $80,590
- Total assets
- $143,162,491
- +18.0% vs 2024
- New grantees (estimate)
- 10% first-time grantees (7 of 68, 2025)
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Inner City Scholarship Fund Inc
- How to Apply
-
The fund does not have an open application process for families seeking scholarships. Families should speak with the administration of the Catholic school their child attends or is considering; families must be nominated by their school. Awards are based on household income and family size, and the fund does not provide full-tuition scholarships.
- Contact
Mailing address: 489 Madison Ave 6Th Floor, New York, NY 10022
Phone: (212) 753-8583
Website: https://innercityscholarshipfund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Inner City Scholarship Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was GRSS Treasury ($3.6M). Together the top 10 received $11.7M.
Organizations only. It also paid 7 grants to individuals ($7,696,937), which are not listed by name.
Grant Size Distribution
396 grants across all recorded years
The most common grant size was under $50K: 179 grants of 396 (45%).
Geographic Focus
Where this funder awards grants
The fund’s stated scholarship focus is Catholic schools within the Archdiocese of New York. Its 2025 grant filing reports that 100% of grant dollars went to recipients in New York State.
Grant Distribution by State
Share of 2025 grant dollars across all 74 itemized grants.
States
Cities
Is Inner City Scholarship Fund Inc open to new grantees?
10%
first-time grantees, 2025
In 2025, 7 of 68 grantees (10%) were first-time recipients. First grants averaged $333K; repeat grants $358K. How we count
Medians: $10K first-time, $94K 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.
Giving History
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 grants to individuals Recipients not named | — | $7,634,762 |
| 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 |
| 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 |
| St Jean Baptiste Manhattan, NY | Financial Aid Grant | $296,610 |
Ready to take the next step with Inner City Scholarship Fund Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $143,162,491 | $48,828,788 | $28,805,291 | $24,196,737 | 74 | $9,238,339 |
| 2024 | $121,330,635 | $26,514,486 | $21,459,132 | $17,320,044 | 77 | $3,779,101 |
| 2023 | $107,195,052 | $19,320,352 | $20,059,238 | $16,380,351 | 84 | $74,650 |
| 2022 | $102,427,007 | $17,490,225 | $19,293,513 | $15,494,408 | 79 | $-100,347 |
| 2021 | $115,829,957 | $24,751,034 | $20,081,245 | $16,205,026 | 82 | $3,346,803 |
| 2020 | $97,750,914 | $22,415,973 | $19,332,203 | $15,596,790 | 88 | $621,327 |
| 2019 | $88,680,597 | $50,307,521 | $17,497,953 | $13,645,184 | 78 | $159,432 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The fund’s mission is to help keep an excellent, values-based K–12 Catholic education in the Archdiocese of New York accessible to students of all faiths. Its programs include need-based scholarships, general tuition assistance, sponsor-supported scholarships, and one-time emergency tuition assistance for families facing unforeseen financial hardship.
The fund’s 2024 filing describes grants for under-served Catholic schools and the Archdiocese’s Department of Education that may support student scholarships, enrichment, capital repairs, or general operations. It also describes externally managed scholarship grants made in partnership with The Children’s Scholarship Fund and Student Sponsor Partners. The Children’s Scholarship Fund describes its own mission as empowering families through scholarships for children in need and supporting expanded educational opportunities. Student Sponsor Partners describes its own mission as using quality education and mentorship to help low-income and academically average New York City youth escape poverty and reach their potential.
Grantmaking
In filing year 2025, the fund reported 74 grants totaling $24,196,737. Grants ranged from $5,880 to $6,788,220, with a median of $80,590. All reported grant dollars went to recipients in New York.
The largest reported grants included $6,788,220 to Catholic Elementary School Association, $3,585,000 to GRSS Treasury, $2,927,144 to The Children’s Scholarship Fund, and $1,853,385 to Ascension School. Other large awards included $983,160 to an individual recipient and $650,000 to Student Sponsor Program. The filing lists each of these grants as financial aid grants.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Cardinal Timothy Dolan as chairman; Peter T. Grauer as trustee/president; John P. Cahill as treasurer; and Sr. Mary Grace Walsh as secretary. Other listed trustees and officers are Anthony J. De Nicola, Michael P. Esposito III, Catherine M. Keating, Rev. Joseph P. LaMorte, Thomas S. Murphy Jr., and Douglas J. Band.
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.
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 $333K 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 (19 grants), New York, NY (14 grants), Staten Island, NY (9 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 GRSS Treasury ($3,585,000), The Children's Scholarship Fund ($2,927,144) and Ascension School ($1,853,385), according to its 2025 IRS Form 990. It also paid 7 grants to individuals ($7,696,937), which are not listed by name. Together they received 35% 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 help keep an excellent, values-based K–12 Catholic education in the Archdiocese of New York accessible to students of all faiths. See mission & focus areas ↑
How do I apply for a grant from Inner City Scholarship Fund Inc?
The fund does not have an open application process for families seeking 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.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(8)
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
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Cite this profile
Grantable. (2026). Inner City Scholarship Fund Inc funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/inner-city-scholarship-fund-inc-morg_52ef7563df764e16b5dff9c223f7af2c
BibTeX
@misc{grantable_510453629_2026,
author = {{Grantable}},
title = {{Inner City Scholarship Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/inner-city-scholarship-fund-inc-morg_52ef7563df764e16b5dff9c223f7af2c},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Inner City Scholarship Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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