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
Under IRS private-foundation payout rules, Verizon Foundation reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Ahwatukee Heat ($2,000), Bayside Blues ($1,500), Aisha Cultural Centers Inc ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 4-H CAMPFIRE COUNCIL BRANCHVILLE, NJ | OTHER CIVIC / COMMUNITY | $150 |
| AANTORIK INC FOLSOM, CA | OTHER CIVIC / COMMUNITY | $300 |
| ACCESS INC AKRON, OH | OTHER CIVIC / COMMUNITY | $104 |
| ADB SCHOLARSHIP FUND BINGHAMTON, NY | OTHER CIVIC / COMMUNITY | $750 |
| ADULT CONGENITAL HEART ASSOCIATION INC MEDIA, PA | OTHER CIVIC / COMMUNITY | $50 |
| AFRICATOWN COMMUNITY LAND TRUST SEATTLE, WA | OTHER CIVIC / COMMUNITY | $258 |
| AHWATUKEE HEAT PHOENIX, AZ | OTHER CIVIC / COMMUNITY | $2,000 |
| AISHA CULTURAL CENTERS INC WINTER SPRINGS, FL | OTHER CIVIC / COMMUNITY | $1,000 |
| ALL 4 PAWS RESCUE CHESTER SPRGS, PA | OTHER CIVIC / COMMUNITY | $750 |
| ALLIANCE OF ELITE YOUTH LEADERSHIP MCKINNEY, TX | OTHER CIVIC / COMMUNITY | $50 |
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
Frequently Asked Questions
What does Verizon Foundation fund?
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.
How do I apply for a grant from Verizon Foundation?
**Grant Activity:** • Total giving: $7.0–$7.2 million annually (2023–2024) • Typical grant range: $3 to $1,000,000 • Median grant amount: $500 • Maximum grant observed: $1,000,000 • Approximate number of grants: 5,500+ annually across more than 12,000 nonprofit organizations **Application Process:** 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. **Contact for Inquiri…
Where does Verizon Foundation make grants?
The foundation distributes grants nationally across the United States, with particular activity in New York, New Jersey, and Massachusetts.
What size grants does Verizon Foundation award?
In 2024, Verizon Foundation awarded 5,464 grants totaling $7.0M — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Verizon Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Verizon Foundation reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Verizon Foundation's EIN?
Verizon Foundation's EIN (Employer Identification Number) is 13-3319048. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Verizon Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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