Victoria Foundation Inc
Victoria Foundation Inc is a private foundation based in Newark, an individual recipient It partners with Newark residents and nonprofit organizations to strengthen community power, foster economic justice, promote youth self-determination, and respond to pressing needs.
Victoria Foundation Inc at a glance
In short: Victoria Foundation Inc gave $12.8M across 148 grants in 2024 (avg $87K), mostly in New Jersey. 13% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $12,848,250
- +11.3% vs 2023
- Grants made (2024)
- 148
- -5.7% vs 2023
- Average grant
- $86,813
- +18.0% vs 2023
- Median grant
- $57,500
- Total assets
- $334,731,480
- +9.8% vs 2023
- New grantees (estimate)
- 13% first-time grantees (14 of 104, 2024)
- Primary geography
- New Jersey (92% 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 Victoria Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The Foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 550 Broad St 1402, Newark, NJ 07102
Phone: (973) 792-9200
Website: https://victoriafoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Victoria Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Ironbound Community Corporation ($882K across 5 grants). Together the top 10 received $4.6M.
Organizations only. It also paid 3 grants to individuals ($592,000), which are not listed by name.
Grant Size Distribution
900 grants across all recorded years
The most common grant size was under $50K: 483 grants of 900 (54%).
Geographic Focus
Where this funder awards grants
The Foundation’s stated priorities center on Newark. In 2024, 92% of grant dollars went to recipients in an individual recipient and 8% to recipients in New York. Its Thriving Neighborhoods Initiative is active in Newark’s Fairmount, Lower Broadway, and Upper Clinton Hill neighborhoods.
Grant Distribution by State
Share of 2024 grant dollars across all 148 itemized grants.
Cities
Is Victoria Foundation Inc open to new grantees?
13%
first-time grantees, 2024
In 2024, 14 of 104 grantees (13%) were first-time recipients. First grants averaged $116K; repeat grants $125K. How we count
Medians: $78K first-time, $70K repeat.
- 78% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−5%). Method
- In 2024 it paid out 101% 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 $11.5M (2023) to $13.5M (2021). In 2024 it made 148 grants totaling $12.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ironbound Community Corporation Newark, NJ | Victoria foundation centennial impact award to support general operations | $500,000 |
| 2 grants to individuals Recipients not named | — | $585,000 |
| New Community Corporation Newark, NJ | To Support General Operations | $400,000 |
| Focus Hispanic Center for Community Development Inc Newark, NJ | To support general operations as part of the victoria foundation centennial impact award | $300,000 |
| La CASA De Don Pedro Newark, NJ | To Support General Operations | $300,000 |
| Leaders for Life Inc Newark, NJ | Victoria foundation centennial impact award to support general operations | $300,000 |
| Leadership Newark Inc Newark, NJ | Victoria foundation centennial impact award to support general operations | $300,000 |
| New Jersey Performing Arts Center Newark, NJ | To Support General Operations | $300,000 |
| Sadie Nash Leadership Project Inc New York, NY | Victoria foundation centennial impact award to support general operations | $300,000 |
| The Gem Project Inc Newark, NJ | Victoria foundation centennial impact award to support general operations | $300,000 |
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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 | $334,731,480 | $19,591,024 | $17,196,484 | $12,848,250 | 148 | $16,194,686 | $18,709,021 | $16,058,782 |
| 2023 | $304,923,310 | $7,638,713 | $15,298,215 | $11,545,600 | 157 | $14,479,536 | $6,891,741 | $14,321,665 |
| 2022 | $286,975,851 | $3,354,675 | $15,795,242 | $12,458,925 | 172 | $14,912,114 | $4,250,477 | $14,756,993 |
| 2021 | $335,393,283 | $24,137,337 | $16,851,788 | $13,514,400 | 260 | $15,768,850 | $22,792,585 | $16,044,071 |
| 2020 | $303,344,544 | $8,930,970 | $15,460,193 | $12,699,725 | 163 | — | $7,987,861 | $13,158,898 |
Under IRS private-foundation payout rules, Victoria Foundation Inc reported a distributable amount of $16.1M 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 mission is to partner with Black and Brown residents and other marginalized communities in Newark and nonprofit organizations to champion bold strategies that strengthen community power, foster economic justice, promote youth self-determination, and respond to pressing needs.
Its stated priorities include supporting community-led organizing, advocacy, and movement-building; building economic security and community wealth, particularly for people most affected by racial wealth inequity; supporting young people’s self-determination; and temporarily addressing urgent community needs.
The 2024 grants include support for organizations with varied missions. For example, the New Jersey Institute for Social Justice describes itself as a Newark-based urban research and advocacy organization focused on New Jersey’s urban areas and residents. Ironbound Community Corporation says it works to empower individuals and families and build a just, vibrant, and sustainable community. New Community Corporation describes its work as helping inner-city residents improve their quality of life. Sadie Nash Leadership Project says it provides educational leadership programs for low-income young women and gender-expansive youth in New York City and Newark.
Grantmaking
In 2024, the Foundation reported 148 grants totaling $12,848,250. Grant amounts ranged from $2,000 to $500,000, with a median of $57,500. Several of its largest grants supported general operations, including $500,000 each to Ironbound Community Corporation and the New Jersey Institute for Social Justice, and $400,000 to New Community Corporation. Other notable awards included $300,000 each to Focus Hispanic Center for Community Development, La Casa de Don Pedro, Leaders for Life, Leadership Newark, an individual recipient Performing Arts Center, Sadie Nash Leadership Project, The GEM Project, and Urban League of Essex County.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Frank Alvarez as president, Margaret H. Parker as first vice president, Robert Clark as second vice president, Gary M. Wingens as treasurer, and Sarah Chubb Sauvayre as secretary. Listed trustees included Henry Amoroso, Ana Baptista, and Amina Bey. Sally Chubb and Robert Holmes were listed as trustees through January 29, 2024, and June 18, 2024, respectively.
The Foundation’s website identifies Craig Drinkard as executive officer and lists staff roles including vice president of strategy, impact and communications; chief financial officer; strategy officers; director of grants management; accountant; program fellow; and executive assistant/board liaison.
Victoria Foundation Inc is led by Frank Alvarez, President on every filing since 2020; 1 of 18 officers listed in 2024 is compensated.
Officers on the 2024 filing
Frank Alvarez
President
On filings since 2020
5 hrs/week
No compensation reported
Ana Baptista
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Bei Saville
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Denise Rodgers
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Franklin E. Parker IV
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Henry Amoroso
Trustee
On filings since 2020
2 hrs/week
No compensation reported
John F. Parker
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Robert Holmes Esq.
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Sally Chubb
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Amina Bey
Trustee
On filings since 2022
2 hrs/week
No compensation reported
Aqeela Sherrills
Trustee
On filings since 2023
2 hrs/week
No compensation reported
Sara Pena
Trustee
Trustee - → Trustee, 2024
On filings since 2023
2 hrs/week
No compensation reported
De'shawn Wright
Trustee
New on the 2024 filing
2 hrs/week
No compensation reported
Craig L. Drinkard
Executive Officer & Assistant Secretary
Co-Executive Officer & Assistant Secretary → Executive Officer & Assistant Secretary, 2023
On filings since 2021
50 hrs/week
$258K (2021) → $441K (2024)
Gary M. Wingens
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Margaret H. Parker
1st Vice President
Vice President → 1st Vice President, 2023
On filings since 2020
2 hrs/week
No compensation reported
Robert Clark
2nd Vice President
Trustee → 2nd Vice President, 2023
On filings since 2020
2 hrs/week
No compensation reported
Sarah Chubb Sauvayre
Secretary
Trustee → Secretary, 2023
On filings since 2020
2 hrs/week
No compensation reported
Former officers (7)
- Former: Grizel Ubarry (2020–2023) — Trustee -
- Former: Irene Cooper-Basch (2021–2022) — Co-Executive Officer & Assistant Secretary · Filing note: Through 21622
- Former: Akila Sherrils (2022) — Trustee
- Former: A. Zachary Yamba (2020) — Trustee
- Former: Irene Cooper-Basch-Executive Office (2020) — Secretary
- Former: Michael Catania (2020) — Trustee-
- Former: Robert L. Johnson MD (2020) — Trustee
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $441K, to Craig L Drinkard (Executive Officer & Asst. Secretary).
Frequently asked questions about Victoria Foundation Inc
How much does Victoria Foundation Inc give each year?
Victoria Foundation Inc gave $12.8M across 148 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11.5M across 157 grants.
What is Victoria Foundation Inc's typical grant size?
Victoria Foundation Inc's median grant in 2024 was $57,500, and its average grant was $86,813, across 148 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Victoria Foundation Inc that year got $116K on average.
Where does Victoria Foundation Inc give grants?
Victoria Foundation Inc gives mostly in New Jersey: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (8%). The most frequent recipient cities were Newark, NJ (92 grants), New York, NY (8 grants), Morristown, NJ (5 grants) and New Brunswick, NJ (3 grants).
Does Victoria Foundation Inc give general operating support?
Yes: 60% of Victoria Foundation Inc's 2024 grants with a stated purpose (89 of 148) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Victoria Foundation Inc's largest grantees?
Victoria Foundation Inc's largest 2024 grantees include Ironbound Community Corporation ($882,000 across 5 grants), Focus Hispanic Center for Community Development Inc ($527,000 across 5 grants) and Youth Build Newark DBA Newark Opportunity Youth Network (Noyn) ($450,000 across 2 grants), according to its 2024 IRS Form 990-PF. It also paid 3 grants to individuals ($592,000), which are not listed by name. Together they received 14% of its itemized 2024 grant dollars.
How large is Victoria Foundation Inc?
Victoria Foundation Inc reported $334.7M in total assets on its 2024 IRS Form 990-PF. It paid out $16.2M in qualifying distributions that year, against a required minimum of $16.1M (roughly 5% of its investment assets).
What does Victoria Foundation Inc fund?
The Foundation’s mission is to partner with Black and Brown residents and other marginalized communities in Newark and nonprofit organizations to champion bold strategies that strengthen community power, foster economic justice, promote youth self-determination, and respond to pressing needs. See mission & focus areas ↑
How do I apply for a grant from Victoria Foundation Inc?
The Foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Victoria Foundation Inc's EIN?
Victoria Foundation Inc's EIN (Employer Identification Number) is 22-1554541. IRS Form 990 filing data is available on this page for 2020–2024.
Does Victoria Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
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
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Cite this profile
Grantable. (2026). Victoria Foundation Inc funder profile. GrantGraph. Retrieved October 10, 2026, from https://grantable.co/funders/victoria-foundation-inc-morg_ea463117325041f2aa9f9ef58b3a6116
BibTeX
@misc{grantable_221554541_2026,
author = {{Grantable}},
title = {{Victoria Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/victoria-foundation-inc-morg_ea463117325041f2aa9f9ef58b3a6116},
note = {Accessed 2026-10-10. 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 Victoria Foundation 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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