Volcker Alliance Inc
The Volcker Alliance is a nonprofit founded by former federal reserve board chairman paul a. Volcker dedicated to advancing his vision of an empowered public sector workforce.
Volcker Alliance Inc at a glance
In short: Volcker Alliance Inc gave $377K across 9 grants in 2024 (avg $42K), top state Arizona. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $376,593
- +121.2% vs 2023
- Grants made (2024)
- 9
- -10.0% vs 2023
- Average grant
- $41,844
- +145.8% vs 2023
- Median grant
- $39,318
- Total assets
- $22,803,099
- +0.9% vs 2023
- Primary geography
- Arizona (31% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Volcker Alliance Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Arizona State University Foundation for a New American University ($116K across 2 grants). Together the top 8 received $377K.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 31 grants of 47 (66%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
States
Cities
How Volcker Alliance Inc gives
- Giving fell 39% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $170K (2023) to $615K (2021). In 2024 it made 9 grants totaling $377K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona State University Foundation for a New American University Tempe, AZ | Macarthur foundation safety and justice challenge pass through grant | $80,990 |
| Albany State University Albany, GA | Implementation of Nextgen Service Corps | $49,994 |
| Clark Atlanta University Atlanta, GA | Implementation of Nextgen Service Corps | $47,939 |
| Florida International University Miami, FL | Implementation of Nextgen Service Corps | $41,432 |
| University of Southern California Los Angeles, CA | Studying the Public Sector Workforce | $39,318 |
| Arizona State University Foundation for a New American University Tempe, AZ | Implementation of Nextgen Service Corps | $35,000 |
| University of Baltimore Schaefer Center for Public Policy Baltimore, MD | Implementation of Nextgen Service Corps | $34,896 |
| University of Wisconsin-Madison Madison, WI | Implementation of Nextgen Service Corps | $29,874 |
| James Madison University Harrisonburg, VA | Implementation of Nextgen Service Corps | $17,150 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $22,803,099 | $4,554,035 | $6,334,965 | $376,593 | 9 | $698,811 |
| 2023 | $22,606,082 | $5,262,215 | $5,150,241 | $170,245 | 10 | $129,929 |
| 2022 | $20,293,018 | $2,666,702 | $4,878,547 | $428,942 | 12 | $-119,702 |
| 2021 | $23,661,694 | $7,640,617 | $4,463,148 | $614,865 | 7 | $427,206 |
| 2020 | $19,454,354 | $7,732,038 | $4,944,644 | $608,403 | 9 | $570,653 |
About Volcker Alliance Inc
Based on IRS filings
Volcker Alliance Inc is a public charity focused on public and societal benefit, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $22.8M in total assets. In 2024, it awarded 9 grants totaling $377K. Net investment income was $699K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Volcker Alliance Inc is led by Sara Mogulescu, President since 2022 (on filings since 2020); 9 of 24 officers listed in 2024 are compensated.
Officers on the 2024 filing
Sara Mogulescu
President
Executive Vice President → President, 2022
On filings since 2020
40 hrs/week
$310K (2020) → $404K (2024)
William Bradley
Chairman
Board Member → Chairman, 2021
On filings since 2020
1 hr/week
No compensation reported
35321maggie Mello
Senior Director & Public Sector
Director & Public Service Education → Senior Director & Public Service Education, 2023
Senior Director & Public Service Education → Senior Director & Public Sector, 2024
On filings since 2020
40 hrs/week
$125K (2020) → $166K (2024)
Peter D. Morrissey
Director, Talent & Strategy
Director & Government to University → Director & Talent Initiatives, 2023
Director & Talent Initiatives → Director, Talent & Strategy, 2024
On filings since 2020
40 hrs/week
$118K (2020) → $157K (2024)
William Glasgall
Senior Director & Public Finance
Senior Vice President, Director, State & Local → Senior Director & Public Finance, 2022
On filings since 2020
40 hrs/week
$243K (2020) → $244K (2024)
Noah Winn-Ritzenberg
Director, Research & Impact
Associate Director → Director, Research & Impact, 2022
On filings since 2021
40 hrs/week
$104K (2021) → $136K (2024)
Brett Hunt
Senior Director & Next Generation
Director & Next Generation Service → Senior Director & Next Generation Service Initiatives, 2023
Senior Director & Next Generation Service Initiatives → Senior Director & Next Generation, 2024
On filings since 2022
40 hrs/week
$136K (2022) → $159K (2024)
Emily Bolton
Executive Vice President
Chief Strategy Officer → Chief Strategy Officer & Secretary, 2021
Chief Strategy Officer & Secretary → Executive Vice President, 2022
On filings since 2020
40 hrs/week
$178K (2020) → $58K (2024)
Melissa Austin
Chief Operating Officer
Director of Operations → Chief Operating Officer, 2022
On filings since 2020
40 hrs/week
$152K (2020) → $247K (2024)
Thomas W. Ross
Vice Chairman
President → Vice Chairman & Senior Advisor, 2022
Vice Chairman & Senior Advisor → Vice Chairman, 2023
On filings since 2020
5 hrs/week
$440K (2020) → $42K (2024)
Anthony Foxx
Board Member
On filings since 2020
1 hr/week
No compensation reported
Anthony J. Dowd
Treasurer
Treasurer → Treasurer & Board Member, 2021
Treasurer & Board Member → Treasurer, 2022
On filings since 2020
5 hrs/week
No compensation reported
Antonio Weiss
Board Member
On filings since 2020
1 hr/week
No compensation reported
Francis Fukuyama
Board Member
On filings since 2020
1 hr/week
No compensation reported
Norman J. Ornstein
Board Member
On filings since 2020
1 hr/week
No compensation reported
Sheila Bair
Board Member
On filings since 2020
1 hr/week
No compensation reported
Shirley Clarke Franklin
Board Member
On filings since 2020
1 hr/week
No compensation reported
Stephanie Miner
Board Member
On filings since 2020
1 hr/week
No compensation reported
Thomas M. Davis
Board Member
On filings since 2020
1 hr/week
No compensation reported
William Rhodes
Board Member
On filings since 2020
1 hr/week
No compensation reported
T. Eloise Foster
Board Member
On filings since 2021
1 hr/week
No compensation reported
James P. Volcker
Board Member
On filings since 2022
1 hr/week
No compensation reported
Michael Piwowar
Board Member
On filings since 2022
1 hr/week
No compensation reported
Jennifer Pahlka
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (5)
- Former: Richard Ravitch (2020–2023) — Board Member
- Former: Neilia Stephens (2020–2021) — Director of Communications
- Former: William H. Donaldson (2020–2021) — Board Member
- Former: William Haslam (2020–2021) — Board Member
- Former: Charles Bowsher (2020) — Board Member
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 $404K, to Sara Mogulescu (President). 9 officers or directors reported compensation on that filing.
Frequently asked questions about Volcker Alliance Inc
How much does Volcker Alliance Inc give each year?
Volcker Alliance Inc gave $377K across 9 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $170K across 10 grants.
What is Volcker Alliance Inc's typical grant size?
Volcker Alliance Inc's median grant in 2024 was $39,318, and its average grant was $41,844, across 9 grants on its 2024 IRS Form 990.
Where does Volcker Alliance Inc give grants?
Volcker Alliance Inc's top state is Arizona, with 31% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Georgia (26%) and Florida (11%). The most frequent recipient cities were Tempe, AZ (2 grants).
Does Volcker Alliance Inc give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Volcker Alliance Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Implementation of Nextgen Service Corps" (7 grants).
Who are Volcker Alliance Inc's largest grantees?
Volcker Alliance Inc's largest 2024 grantees include Arizona State University Foundation for a New American University ($115,990 across 2 grants), Albany State University ($49,994) and Clark Atlanta University ($47,939), according to its 2024 IRS Form 990. Together they received 57% of its itemized 2024 grant dollars.
How large is Volcker Alliance Inc?
Volcker Alliance Inc reported $22.8M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.6M.
What is Volcker Alliance Inc?
Volcker Alliance Inc is a public charity focused on public and societal benefit, based in New York, NY. It holds $22.8M in total assets as of 2024.
What is Volcker Alliance Inc's EIN?
Volcker Alliance Inc's EIN (Employer Identification Number) is 45-4585989. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 26, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 18, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 25, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 3, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Volcker Alliance Inc funds
Public, Societal Benefit Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Volcker Alliance Inc's focus areas in our free grants database
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