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Filing year 2023

VERIZON FOUNDATION

Basking Ridge, New Jersey·EIN 13-3319048·NTEE T21Z · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$7.5M
Total assets
$26M
Total expenses
$7.4M
Reported officers
7

Reported officers (all unpaid)

No paid executives reported in 2023. VERIZON FOUNDATION reported 7 unpaid officers and board members on its 990-PF.

Vice President and Treasurer
Assistant Treasurer
Chief Investment Officer
Secretary
President
Vice President and Controller
Assistant Treasurer

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$7.6M

Itemized grants

9,748

Median grant

$250

RecipientLocationPurposeAmount
AMERICAN FRIENDS OF MAGEN DAVID ADOMNEW YORK, NY(UNKNOWN)$1M
SAVE THE CHILDREN FEDERATION INCFAIRFIELD, CT(UNKNOWN)$1M
INTERNATIONAL RESCUE COMMITTEE INCNEW YORK, NYDISASTER RELIEF$40k
AMERICAN NATIONAL RED CROSSFAIRFIELD, NJDISASTER RELIEF$30k
UNITED STATES ASSOCIATION FOR UNHCRWASHINGTON, DCDISASTER RELIEF$30k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VAOTHER CIVIC / COMMUNITY$18k
ST JUDE CHILDREN'S RESEARCH HOSPITALMEMPHIS, TNOTHER CIVIC / COMMUNITY$14k
VIRGINIA TECH FOUNDATION INCBLACKSBURG, VAOTHER CIVIC / COMMUNITY$12k
ST JOSEPHS UNIVERSITYPHILADELPHIA, PAOTHER CIVIC / COMMUNITY$12k
UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILLCHAPEL HILL, NCOTHER CIVIC / COMMUNITY$12k
CHARITIES AID FOUNDATION AMERICAALEXANDRIA, VAOTHER CIVIC / COMMUNITY$11k
FORDHAM UNIVERSITYBRONX, NYOTHER CIVIC / COMMUNITY$11k
UNIVERSITY OF GEORGIA FOUNDATIONATHENS, GAOTHER CIVIC / COMMUNITY$11k
NORTHEASTERN UNIVERSITYBOSTON, MAOTHER CIVIC / COMMUNITY$10k
TEXAS A&M FOUNDATIONCOLLEGE STA, TXOTHER CIVIC / COMMUNITY$10k
SIENA COLLEGELOUDONVILLE, NYOTHER CIVIC / COMMUNITY$10k
AMERICAN HEART ASSOCIATION INCDALLAS, TXOTHER CIVIC / COMMUNITY$10k
V M I FOUNDATION INCORPORATEDLEXINGTON, VAOTHER CIVIC / COMMUNITY$8k
UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION INCCOLLEGE PARK, MDOTHER CIVIC / COMMUNITY$8k
ALBERTUS MAGNUS COLLEGENEW HAVEN, CTOTHER CIVIC / COMMUNITY$8k
UNIVERSITY OF SOUTHERN CALIFORNIALOS ANGELES, CAOTHER CIVIC / COMMUNITY$8k
DICKINSON COLLEGECARLISLE, PAOTHER CIVIC / COMMUNITY$8k
MC DANIEL COLLEGE INCWESTMINSTER, MDOTHER CIVIC / COMMUNITY$7k
ISLAMIC RELIEF USAALEXANDRIA, VAOTHER CIVIC / COMMUNITY$7k
WASHINGTON & LEE UNIVERSITYLEXINGTON, VAOTHER CIVIC / COMMUNITY$7k
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New Jersey

VERIZON FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New Jersey earns a median of $24,000.

25th percentile
$10k
Median
$24,000
75th percentile
$63k
90th percentile
$178k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 688 organizations across 688 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New Jersey
FAQ

Common questions about VERIZON FOUNDATION

What are VERIZON FOUNDATION's revenue and expenses?

In 2023, VERIZON FOUNDATION reported $7.5M in total revenue and $7.4M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($25M - $50M), because foundation pay scales with assets under management, not revenue.