Viola Foundation Inc
- Assets
- $33.9m
- Revenue
- $7.0m
- Investments
- $2.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2542824
Organization Overview
Viola Foundation Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Viola Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Viola Foundation Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $14.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Viola Foundation Inc has awarded 235 individual grants totaling $40,440,097. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Viola Trustee | 1 | $0 | |
Teresa Viola Trustee | 1 | $0 | |
John Viola Trustee | 1 | $0 | |
Michael Viola Trustee | 1 | $0 | |
Travis Viola Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,562 |
| Dividends & Interest | $20,523 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,996,192 |
| Capital Gain Net Income | $6,996,192 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $7,020,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,838 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,675 |
| Total operating and administrative expenses | $143,923 |
| Contributions, gifts, grants paid | $14,091,770 |
| Total expenses and disbursements | $14,235,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,408 |
| Savings and temporary cash investments | $30,818,351 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,765,940 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $155,000 |
| Total assets | $33,859,699 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Viola Foundation Inc has awarded $14,091,770 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
WEST POINT ASSOCIATION OF GRADUATES PURPOSE: UNRESTRICTED | $6,337,660 |
Merrifield, VA PURPOSE: UNRESTRICTED | $2,500,000 |
UNIVERSITY OF MARYLAND SCHOOL OF MEDICINE PURPOSE: UNRESTRICTED | $1,700,000 |
Notre Dame, IN PURPOSE: UNRESTRICTED | $525,000 |
Santa Monica, CA PURPOSE: UNRESTRICTED | $400,000 |
FORDHAM UNIVERSITY SCHOOL OF LAW PURPOSE: UNRESTRICTED | $375,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gray Foundation Cohoes, NY | $79,676,216 | $85,340,733 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Tl Foundation Suffern, NY | $597,015 | $24,643,909 |
Park Foundation Inc Ithaca, NY | $505,545,130 | $75,092,084 |
The Nathan Cummings Foundation Inc New York, NY | $538,275,709 | $724,216 |
Donald A Pels Charitable Tr 081892 Harrison, NY | $318,380,585 | $19,080,873 |
Fisher Koch Family Foundation Inc New York, NY | $18,346,148 | $55,675,398 |
One Tree Planted Inc Shelburne, VT | $46,452,599 | $64,092,797 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |