Inner City Scholarship Fund Inc
Inner-City Scholarship Fund is a 501(c)(3) nonprofit organization established in 1971 and headquartered in New York City. The organization provides tuition assistance to students from low-income families attending Catholic schools within the Archdiocese of New York. Beyond direct scholarship support, Inner-City supplements education through enrichment programs designed to benefit students and their schools.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$121.3M
+13.2% YoY
Annual Giving
$17.3M
+5.7% YoY
Grant Count
77
-8.3% YoY
Avg Grant Size
$225K
+15.3% YoY
Mission & Focus Areas
Inner-City Scholarship Fund changes lives by providing families with demonstrable financial needs the opportunity to give their children a quality, values-based K-12 Catholic education within the Archdiocese of New York. The organization ensures that excellent Catholic school education remains a viable option for students of all faiths.
The organization addresses a critical need: nearly 70% of students enrolled in designated elementary and secondary Inner-City Catholic schools in the Archdiocese of New York come from homes living at or below the federal poverty line, with the average scholarship recipient's family income approximately $24,000 per year.
Primary Program Areas:
Sponsorship Program (Be A Student's Friend): The flagship program matches sponsors with students currently enrolled in Catholic elementary or high schools who are recommended by their principals. Qualifying students correspond with sponsors twice yearly and must maintain adequate grades.
Elementary School Tuition Assistance (K-8): Partnerships with the Children's Scholarship Fund and the Archdiocese of New York provide general tuition assistance to families transferring from public school or currently attending elementary schools in the Archdiocese. Awards are based on individual family needs and tuition costs.
High School Tuition Assistance (9-12): Catholic elementary school students receiving K-8 assistance are eligible to apply for support to attend Catholic high schools in the Archdiocese, with awards based on family need and tuition costs.
Emergency Tuition Assistance: Program providing emergency support for tuition needs.
Enrichment Programs: High school juniors gain business experience through job-related workshops and paid summer internships at prestigious New York companies and organizations, with hands-on support provided by the Junior Committee.
Financial Aid Grants: Grants for under-serviced Catholic schools and the Department of Education of the Archdiocese of New York, supporting student scholarships, enrichment opportunities, capital repairs, and general operations.
Grantmaking
For information about supporting scholarship programs or becoming a sponsor, interested parties should contact Jill Lloyd at lloyd@innercitynyc.org.
Average Grant
amount and median grant amount data available but specific figures not disclosed in sources
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Geographic Focus
Where this funder awards grants
Inner-City Scholarship Fund focuses exclusively on the Archdiocese of New York, serving Catholic schools within this geographic region.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $121,330,635
- Total Revenue: $26,514,486
- Total Expenses: $21,459,132
- Total Giving: $17,357,911
Historical Financial Data (2023):
- Total Assets: $107,000,000
- Total Revenue: $19,320,352
- Total Expenses: $20,100,000
Organization Structure: Inner-City Scholarship Fund is a child organization under the parent exemption from the United States Conference of Catholic Bishops (USCCB). The organization employs 31 staff members and maintains a 97% rating based on accountability and finance metrics.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $121,330,635 | $107,195,052 | $102,427,007 |
| Revenue | $26,514,486 | $19,320,352 | $17,490,225 |
| Expenses | $21,459,132 | $20,059,238 | $19,293,513 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,779,101 | $74,650 | $-100,347 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jill Lloyd: Executive Director
- Peter T. Grauer: President
- John Kiernan: Co-Chair
- Caroline Thornburgh: Associate Director, Donor Relations
- Emily Cafaro: Associate Director, Special Events
- Vivian M Chabrier: Associate Director, Scholarship Operations
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CARDINAL TIMOTHY DOLAN | CHAIRMAN | 1 | — |
| PETER T GRAUER | TRUSTEE/PRESIDENT | 1 | — |
| JOHN P CAHILL | TREASURER | 1 | — |
| SR MARY GRACE WALSH | SECRETARY | 1 | — |
| ANTHONY J DE NICOLA | TRUSTEE/VICE PRESIDENT | 1 | — |
| MICHAEL P ESPOSITO III | TRUSTEE/VICE PRESIDENT | 1 | — |
| CATHERINE M KEATING | TRUSTEE/VICE PRESIDENT | 1 | — |
| REV JOSEPH P LAMORTE | VICAR GENERAL | 1 | — |
| THOMAS S MURPHY JR | TRUSTEE/VICE PRESIDENT | 1 | — |
| DOUGLAS J BAND | TRUSTEE | 1 | — |
| LAWRENCE B BENENSON | TRUSTEE | 1 | — |
| MARGARET CROTTY | TRUSTEE | 1 | — |
| LEON F DEJULIUS JR | TRUSTEE (BEG 2/21/24) | 1 | — |
| SAMUEL A DI PIAZZA JR | TRUSTEE | 1 | — |
| ANA L DIEZ DE RIVERA-LAFFONT | TRUSTEE | 1 | — |
| JOHN Q DOYLE | TRUSTEE | 1 | — |
| THOMAS H GOLDEN | TRUSTEE | 1 | — |
| EDWARD D HERLIHY | TRUSTEE | 1 | — |
| DONNA KALAJIAN LAGANI | TRUSTEE | 1 | — |
| ARTHUR J MAHON | TRUSTEE | 1 | — |
| LYNN C MARTIN | TRUSTEE | 1 | — |
| MICHAEL E MARTIN | TRUSTEE (BEG 2/21/24) | 1 | — |
| TIMOTHY C MUCCIA | TRUSTEE | 1 | — |
| JAMES M NAUGHTON | TRUSTEE | 1 | — |
| PONCHITTA PIERCE | TRUSTEE | 1 | — |
| PATRICIA A QUICK | TRUSTEE | 1 | — |
| THOMAS C QUICK | TRUSTEE | 1 | — |
| THOMAS J REID | TRUSTEE | 1 | — |
| MO ROCCA | TRUSTEE | 1 | — |
| ARMANDO RODRIGUEZ JR | TRUSTEE | 1 | — |
| STEPHEN G ROONEY ESQ | TRUSTEE | 1 | — |
| FREDERIC V SALERNO | TRUSTEE | 1 | — |
| CHRISTINE H SCHWARZMAN | TRUSTEE | 1 | — |
| MELANIE SHUGART | TRUSTEE | 1 | — |
| MARTIN J SULLIVAN | TRUSTEE | 1 | — |
| WALTER S TOMENSON JR | TRUSTEE | 1 | — |
| ROBERT P WEISZ | TRUSTEE (END 4/30/24) | 1 | — |
| BISHOP EDMUND J WHALEN | TRUSTEE | 1 | — |
| JILL LLOYD | EXECUTIVE DIRECTOR | 35 | $237,106 |
| MARY C BROWN | CHIEF OPERATING OFFICER | 35 | $139,872 |
| PAUL COSTIGLIO | DIRECTOR OF MARKETING | 35 | $121,259 |
| ALBERTO ROBAINA | CHIEF OF STAFF, SPECIAL COUNSEL | 35 | $148,107 |
Recent News & Activity
Recent developments and announcements
**50th Anniversary Celebration:** Inner-City Scholarship Fund raised $2.5 million at its 50th anniversary celebration at Wave Hill.
Inner-City Scholarship Fund Raises Over $1.55 Million at 47th Annual Awards**47th Annual Awards Dinner:** The organization raised over $1.55 million at its 47th Annual Awards Dinner.
Inner-City Scholarship Fund Raises Over $1.55 Million at 47th Annual Awards**46th Annual Awards Dinner:** Raised $1.1 million at the 46th Annual Awards Dinner.
Inner-City Scholarship Fund Raises Over $1.55 Million at 47th Annual Awards**Annual Gala Activity:** The organization consistently raises significant funds through annual awards dinners and galas, demonstrating strong donor engagement and community support.
Inner-City Scholarship Fund Raises Over $1.55 Million at 47th Annual AwardsRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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