Verizon Foundation is a corporate foundation established in 1987 and headquartered in Basking Ridge, New Jersey. As a 501(c)(3) organization, it operates as a private non-operating foundation focused on philanthropic grantmaking to nonprofit organizations across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.8M
-8.5% YoY
Annual Giving
$7.0M
-8.0% YoY
Grant Count
5,464
-43.9% YoY
Avg Grant Size
$1K
+64.2% YoY
Mission & Focus Areas
The foundation supports programs designed to promote:
- Literacy and STEM education for K-12 youth
- Domestic violence education and prevention for youth, women, and older adults
Special emphasis is directed toward serving underserved communities. The foundation's giving historically shows that approximately 48% of grants support education, nearly 22% support social and human services, and 10% support community development.
Grantmaking
Grant applications are by invitation only. Nonprofits seeking funding must contact the foundation directly to inquire about the application process. There are no set deadlines.
Grant Range
$3 to $1,000,000
Review Cycle
.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation distributes grants nationally across the United States, with particular activity in New York, New Jersey, and Massachusetts.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $23.8–$25.9 million
- Total Revenue: $5.06–$7.5 million
- Total Expenses: $6.97–$7.4 million
- Total Liabilities: $1.33 million
- Total Giving: $7.0–$7.2 million
Investment Income: Investment income and dividends have shown significant growth, increasing 217.7% between 2022 and 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,768,481 | $25,968,957 | $26,786,747 |
| Revenue | $5,056,273 | $7,525,643 | $6,748,199 |
| Expenses | $6,971,580 | $7,420,270 | $5,248,367 |
| Qualifying Distributions | $7,068,056 | $7,619,795 | $6,303,670 |
| Net Investment Income | $1,170,572 | $1,143,116 | $317,581 |
| Distributable Amount | $1,145,334 | $1,223,508 | $1,175,578 |
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
Open Grants
1 open opportunity from Verizon Foundation
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Key personnel include:
- Rose M Kirk – President
- Donna Epps – President and Chairman of the Board
- Kee Chan Sin – Vice President and Treasurer
- Brandon N Egren – Secretary
- Laurence D Fulton – Chief Investment Officer
- Lisa Czapka – Vice President and Controller
- Ronald Simon – Assistant Treasurer
- Jia Shan Lee – Treasurer
- Timothy Schlock – Assistant Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROSE M KIRK THRU 1124 | PRESIDENT | 1 | — |
| KEE CHAN SIN THRU 1224 | VICE PRESIDENT AND TREASURER | — | — |
| LAURENCE D FULTON | CHIEF INVESTMENT OFFICER | — | — |
| BRANDON N EGREN | SECRETARY | — | — |
| RONALD SIMON THRU 1224 | ASSISTANT TREASURER | — | — |
| LISA CZAPKA | VICE PRESIDENT AND CONTROLLER | — | — |
| DONNA EPPS | PRESIDENT AND CHAIRMAIN OF THE BOARD | 0.1 | — |
| JIA SHAN LEE | TREASURER | — | — |
| TIMOTHY SCHLOCK | ASSISTANT TREASURER | — | — |
Recent News & Activity
Recent developments and announcements
Recent grant recipients have included major international relief organizations such as American Friends of Magen David Adom ($1,000,000), Save the Children Federation ($1,000,000), and the International Rescue Committee ($40,000 for disaster relief). The foundation has also supported educational institutions and community-based organizations addressing literacy, STEM education, and domestic violence prevention.
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Verizon Foundation on Grantable?
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