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EIN 13-3319048

Verizon Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Basking Ridge
State
New Jersey
Year formed
1987
Most recent tax filings
2024-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Verizon Foundation is a corporate foundation of Verizon Communications Inc. based in Basking Ridge, NJ that primarily funds civic and community initiatives as well as disaster relief. It supports organizations such as the American National Red Cross among many others, and made 5,464 grants last year.
Total revenues
$5,056,273
2024
Total expenses
$6,971,580
2024
Total assets
$23,768,481
2024
Num. employees
0
2024

Grants made by Verizon Foundation

GranteeGrant descriptionAmount
American National Red Cross (ANRC)Other Civic / Community$1,000,000
Volunteer Florida FoundationOther Civic / Community$400,000
United Way of North CarolinaOther Civic / Community$300,000
...and 768 more grants made totalling $4,311,370

Financials for Verizon Foundation

RevenuesFYE 12/2024
Total grants, contributions, etc.$3,825,553
Investment income and dividends$1,230,720
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,056,273

Organizations like Verizon Foundation

OrganizationLocationRevenue
Duke Energy FoundationCharlotte, NC$21,294,251
Ge Aerospace FoundationNorwalk, CT$12,778,776
Acahand FoundationWilmington, DE$5,466,075
The Blackstone Charitable FoundationNew York, NY$18,104,838
Baird FoundationMilwaukee, WI$16,501,693
Bechtel Group FoundationGlendale, AZ$1,868,988
Centerpoint Energy FoundationHouston, TX$8,870,222
Dick's Sporting Goods FoundationCoraopolis, PA$20,482,054
Starbucks FoundationSeattle, WA$15,675,162
CVS FoundationWoonsocket, RI$15,875,582
Data update history
February 22, 2026
Updated personnel
Identified 2 new personnel
February 11, 2026
Updated personnel
Identified 1 new personnel
February 9, 2026
Posted financials
Added Form 990PF for fiscal year 2024
February 28, 2025
Updated personnel
Identified 1 new personnel
January 22, 2025
Posted financials
Added Form 990PF for fiscal year 2023
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCorporate foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 627
Basking Ridge, NJ 07920
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Somerset County, NJ
Website URL
verizon.com/ 
Phone
(908) 559-2735
IRS details
EIN
13-3319048
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1987
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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