Private foundation (trust)EIN 133319048Est. 1987-04

VERIZON FOUNDATION

BASKING RIDGE, NJ 07920

Total Assets

$26.0M

FY 2023

Annual Giving

$7.6M

FY 2023

Grants Made

9,748

FY 2023

Avg Grant

$782

FY 2023

Grant Range

$19–$1M

Typical

Deadlines

Applications

Focus Areas

Corporate Foundations

Financial Snapshot

2023 filing

Total Revenue

$7.5M

Total Expenses

$7.4M

Qualifying Distributions

$7.6M

Distributable Amount

$1.2M

Min. Investment Return

$1.2M

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

9,748 grants

Grant sizes from minimum $19 through median $250 to maximum $1M, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Top Recipients

500 grants

SAVE THE CHILDREN FEDERATION INC
$1.0M
3 grants
AMERICAN FRIENDS OF MAGEN DAVID ADOM
$1M
1 grant
INTERNATIONAL RESCUE COMMITTEE INC
$46K
2 grants
AMERICAN NATIONAL RED CROSS
$32K
2 grants
UNITED STATES ASSOCIATION FOR UNHCR
$30K
1 grant
CHARITIES AID FOUNDATION AMERICA
$29K
2 grants
PENNSYLVANIA STATE UNIVERSITY PHILANTHROPIC FUND
$24K
4 grants
V M I FOUNDATION INCORPORATED
$24K
5 grants

Grant Size Distribution

500 grants

<$10K
486
grants
$10–50K
12
grants
$50–250K
$250K–1M
2
grants
$1–5M
$5M+

Geographic Focus

42 states

New York
$1.3M
32% of total
Connecticut
$1.0M
26% of total
Virginia
$201K
5% of total
Pennsylvania
$186K
5% of total
Massachusetts
$160K
4% of total
New Jersey
$131K
3% of total
Maryland
$75K
2% of total
North Carolina
$74K
2% of total
Texas
$69K
2% of total
District of Columbia
$65K
2% of total

+32 more states

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VERIZON FOUNDATION — Grants, Financials & Contact | Grantivo