Verizon Foundation
Looking for Verizon grants for nonprofits? Verizon Foundation is Verizon's company-sponsored foundation, and this page covers the grants it reports to the IRS on Form 990-PF.
Verizon Foundation is a company-sponsored private foundation based in Basking Ridge, New Jersey. Established in 1985, it supports literacy and STEM education for K–12 youth and domestic violence education and prevention, with special emphasis on underserved communities. Its website also identifies Digital Inclusion, Climate Protection and Human Prosperity as funding priorities.
Verizon Foundation at a glance
In short: Verizon Foundation gave $7.0M across 5,464 grants in 2024 (avg $1K), top state District of Columbia. 26% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,012,851
- -8.0% vs 2023
- Grants made (2024)
- 5,464
- -43.9% vs 2023
- Average grant
- $1,283
- +64.2% vs 2023
- Median grant
- $500
- Total assets
- $23,768,481
- -8.5% vs 2023
- New grantees (estimate)
- 26% first-time grantees (1,225 of 4,798, 2024)
- Primary geography
- District of Columbia (16% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Verizon Foundation
- Accepts unsolicited proposals
- No
- Invitation Only
-
New applications are by invitation only; the foundation does not accept unsolicited requests.
- Contact
Mailing address: PO Box 627, Basking Ridge, NJ 07920
Phone: (908) 559-2735
Website: https://verizon.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Verizon Foundation
Who Verizon Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was American National Red Cross ($1.0M across 3 grants). Together the top 10 received $2.1M.
Organizations only. It also paid 1 grant to individuals ($6,175), which are not listed by name.
Grant Size Distribution
49,866 grants across all recorded years
The most common grant size was under $50K: 49,748 grants of 49,866 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s filing describes its grantmaking as national, with emphasis in California, Massachusetts, Minnesota, New Jersey, New York and Virginia, as well as an international presence in India and Israel. In 2024, the largest shares of grant dollars by recipient state went to DC (16%), Florida (9%), New York (9%), New Jersey (7%) and North Carolina (7%).
Grant Distribution by State
Share of 2024 grant dollars across all 5,464 itemized grants.
States
Cities
Is Verizon Foundation open to new grantees?
26%
first-time grantees, 2024
In 2024, 1,225 of 4,798 grantees (26%) were first-time recipients. First grants averaged $1K; repeat grants $2K. How we count
Medians: $250 first-time, $700 repeat.
- 59% of 2024 grantees were also funded in 2023. Method
- Giving fell 60% from 2021 to 2024. Method
- In 2024 it paid out 617% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). 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 2020 to 2024, annual grant giving ranged from $6.2M (2022) to $52.2M (2020). In 2024 it made 5,464 grants totaling $7.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American National Red Cross Washington, DC | Other Civic / Community | $1,000,000 |
| Volunteer Florida Foundation Inc Tallahassee, FL | Other Civic / Community | $400,000 |
| United Way of North Carolina Cary, NC | Other Civic / Community | $300,000 |
| Community Foundation for the CSRA Augusta, GA | Other Civic / Community | $100,000 |
| Georgia Foumdaion for Agriculture Inc Macon, GA | Other Civic / Community | $100,000 |
| Greater Valdosta United Way Inc Valdosta, GA | Other Civic / Community | $50,000 |
| Second Harvest of South Georgia Inc Valdosta, GA | Other Civic / Community | $50,000 |
| Virginia Tech Foundation Inc Blacksburg, VA | Other Civic / Community | $34,452 |
| V M I Foundation Incorporated Lexington, VA | Other Civic / Community | $30,800 |
| Pennsylvania State University Philanthropic Fund State College, PA | Other Civic / Community | $25,597 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $23,768,481 | $5,056,273 | $6,971,580 | $7,012,851 | 5,464 | $7,068,056 | $1,170,572 | $1,145,334 |
| 2023 | $25,968,957 | $7,525,643 | $7,420,270 | $7,619,795 | 9,748 | $7,619,795 | $1,143,116 | $1,223,508 |
| 2022 | $26,786,747 | $6,748,199 | $5,248,367 | $6,248,670 | 10,309 | $6,303,670 | $317,581 | $1,175,578 |
| 2021 | $26,429,657 | $21,584,016 | $18,137,185 | $17,554,234 | 12,925 | $17,609,234 | $6,139,864 | $824,526 |
| 2020 | $22,429,247 | $57,335,619 | $53,304,043 | $52,198,288 | 11,420 | — | $2,756,729 | $878,495 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s filing describes its purpose as supporting literacy and STEM education for K–12 youth and domestic violence education and prevention, especially in underserved communities. Its website describes funding priorities as Digital Inclusion, Climate Protection and Human Prosperity, and says it supports programs benefiting diverse communities.
Its 2024 grants included a range of organizations. The American National Red Cross, which received $1,000,000, says its mission is to prevent and alleviate human suffering in emergencies through volunteers and donor generosity. United Way of North Carolina, which received $300,000, says it connects people, local United Ways and resources to help individuals, families and communities thrive in North Carolina. The Georgia Foundation, which received $100,000, says it supports agricultural education, including curriculum and educational opportunities for elementary and high school students.
Grantmaking
In 2024, the foundation made 5,464 grants totaling $7,012,851. Grants ranged from $25 to $1,000,000, with a median of $500. Notable grants included $1,000,000 to the American National Red Cross, $400,000 to Volunteer Florida Foundation, $300,000 to United Way of North Carolina, and $100,000 each to Community Foundation for the CSRA and Georgia Foundation.
The foundation’s website says new applications are by invitation only and that it does not respond to unsolicited inquiries. Its 2024 filing states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. The website says eligible applicants for consideration for an invitation include IRS-classified 501(c)(3) public charities; its volunteer-program FAQs also identify eligible U.S. elementary and secondary schools registered with the National Center for Education Statistics. Organizations must use funds for initiatives benefiting the broader community, comply with applicable laws, keep books available for regular independent outside audit, and avoid duplicating or significantly overlapping public agencies’ work.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Donna Epps as president and chairman of the board; Rose M Kirk as president through November 2024; Kee Chan Sin as vice president and treasurer through December 2024; Laurence D Fulton as chief investment officer; Brandon N Egren as secretary; Ronald Simon as assistant treasurer through December 2024; Lisa Czapka as vice president and controller; Jia Shan Lee as treasurer; and Timothy Schlock as assistant treasurer.
Verizon Foundation is led by Donna Epps, President & Chairmain of the Board on the 2024 filing; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Donna Epps
President & Chairmain of the Board
New on the 2024 filing
0.1 hrs/week
No compensation reported
Brandon N. Egren
Secretary
On filings since 2020
No compensation reported
Laurence D. Fulton
Chief Investment Officer
On filings since 2020
No compensation reported
Lisa Czapka
Vice President & Controller
On filings since 2022
No compensation reported
Jia Shan Lee
Treasurer
New on the 2024 filing
No compensation reported
Timothy Schlock
Assistant Treasurer
New on the 2024 filing
No compensation reported
Former officers (6)
- Former: Kee Chan Sin (2020–2024) — Vice President & Treasurer · Filing note: Thru 12/2024
- Former: Rose M. Kirk (2020–2024) — President · Filing note: Thru 11/2024
- Former: Ronald Simon (2023–2024) — Assistant Treasurer · Filing note: Thru 12/2024
- Former: Suzanne M. Ferrara-Mora (2020–2023) — Assistant Treasurer · Filing note: Thru 12/2023
- Former: Jennifer L. Moak (2020–2022) — Vice President & Controller · Filing note: Thru 12/2022
- Former: Tracy Krause (2020–2021) — Vice President & Controller
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Verizon Foundation
How much does Verizon Foundation give each year?
Verizon Foundation gave $7.0M across 5,464 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7.6M across 9,748 grants.
What is Verizon Foundation's typical grant size?
Verizon Foundation's median grant in 2024 was $500, and its average grant was $1,283, across 5,464 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Verizon Foundation that year got $1K on average.
Where does Verizon Foundation give grants?
Verizon Foundation's top state is District of Columbia, with 16% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Florida (9%) and New York (9%). The most frequent recipient cities were New York, NY (217 grants), Washington, DC (129 grants), Boston, MA (74 grants) and Atlanta, GA (66 grants).
Does Verizon Foundation give general operating support?
Not in 2024: none of the 5,464 grants with a stated purpose on Verizon Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Other Civic / Community" (5456 grants) and "Disaster Relief" (8 grants).
Who are Verizon Foundation's largest grantees?
Verizon Foundation's largest 2024 grantees include American National Red Cross ($1,002,102 across 3 grants), Volunteer Florida Foundation Inc ($400,200 across 2 grants) and United Way of North Carolina ($300,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($6,175), which are not listed by name. Together they received 24% of its itemized 2024 grant dollars.
How large is Verizon Foundation?
Verizon Foundation reported $23.8M in total assets on its 2024 IRS Form 990-PF. It paid out $7.1M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).
What does Verizon Foundation fund?
The foundation’s filing describes its purpose as supporting literacy and STEM education for K–12 youth and domestic violence education and prevention, especially in underserved communities. See mission & focus areas ↑
How do I apply for a grant from Verizon Foundation?
New applications are by invitation only; the foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Verizon Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Does Verizon give grants to nonprofits?
Yes. Verizon Foundation, Verizon's company-sponsored foundation, awarded 5,464 grants totaling $7.0M in 2024, according to its IRS Form 990-PF. Verizon may also give through corporate programs that are not reported on the foundation's 990.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Verizon Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Verizon Foundation funder profile. GrantGraph. Retrieved October 7, 2026, from https://grantable.co/funders/verizon-foundation-morg_acc4934c5346480e89bcba24cbbc95c4
BibTeX
@misc{grantable_133319048_2026,
author = {{Grantable}},
title = {{Verizon Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/verizon-foundation-morg_acc4934c5346480e89bcba24cbbc95c4},
note = {Accessed 2026-10-07. 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 Verizon Foundation'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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