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Victoria Foundation, Inc.

Profile

Last Updated: 2016-03-08

At A Glance

Victoria Foundation, Inc.

31 Mulberry St., 5th Fl.

Newark, NJ United States 07102-5202

Telephone: (973) 792-9200

URL: www.victoriafoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2014-12-31)

Assets: $241,968,538

Total giving: $12,160,075

EIN

221554541

BRIDGE Number

8452412022

Background

Incorporated in 1924 in NJ - Founded in the name of the late Victoria Eddis Chubb by her son Hendon Chubb, who was C.E.O. of the Chubb Insurance Co.

Purpose and Activities

Within Newark, NJ, grants primarily for urban activities and education programs, including early childhood and elementary education; support also for urban problems, leadership development, youth agencies, and certain statewide environmental projects.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Education

The foundation is exploring the needs of middle and high school youth, and has recently provided support to improve the teaching practices of middle grade educators. The foundation also supports a cadre of high quality charter, private and parochial schools in Newark in order to provide parents with viable alternatives and to encourage imitation of best practices. Many grants are awarded to nonprofit organizations that provide much needed academic enrichment to students in both public and nonpublic schools, including arts education programs intended to spark creativity and engagement.

Environment

The foundation is directing substantial support to nonprofit organizations involved in developing and implementing the New Jersey Highlands Regional Master Plan. Other grants target ongoing stewardship of conserved land, replenishment of the Garden State Preservation Trust, and the provision of technical assistance to environmental commissions, municipalities, land trusts, and watershed associations.

Neighborhood Development and Urban Activities

The foundation makes grants to support the revitalization of the city of Newark. In partnership with the nonprofit sector and the Mayor’s administration, the foundation hopes to both stabilize distressed neighborhoods and to improve the working and living conditions of Newark residents. We provide ongoing operating support for Newark’s strong array of Community Development Corporations (CDCs)—La Casa de don Pedro, Ironbound Community Center, New Community Corporation and others—which work to create affordable housing, local parks, preschool centers and commercial facilities as a means of shoring up and strengthening neighborhoods. CDCs also provide job training, educational programs, and healthcare services based upon the particular needs of local residents.

Program-Related Investment

Since beginning PRI activity in 1992, the foundation has made PRIs in the areas of human services and education. PRIs have supported facility acquisition. The foundation accepts applications for PRI support and expects to continue PRI activity in the future in support of all of its program areas.

Youth and Families

The foundation supports myriad programs that enhance youth development and strengthen families living in Newark. The foundation’s trustees make grants that nurture the growth and social development of children, while at the same time address the needs of families in order to prevent crises. It supports a wide array of high quality afterschool and summer programs for Newark youth, including day camp and residential summer camp opportunities. The foundation also supports many organizations, such as the Boys and Girls Clubs of Newark, Aspira, and the Girl Scouts, that focus on self-esteem, leadership skills, academic enrichment, and exposure to new experiences.

Fields of Interest

Subjects
  • Arts education
  • Child welfare
  • Community and economic development
  • Crime prevention
  • Early childhood education
  • Education
  • Elementary education
  • Environment
  • Housing development
  • Human services
  • Leadership development
  • Minority rights
  • Public affairs
  • Sustainable development
  • Urban renewal
  • Youth organizing
Population Groups
  • Academics
  • Children
  • Children and youth
  • Economically disadvantaged people
  • Ethnic and racial groups
  • Low-income and poor people
  • People of African descent
  • People of Latin American descent
  • Students

Financial Data

Year ended 2014-12-31

Assets: $241,968,538 (market value)

Gifts received: $500

Expenditures: $14,102,314

Total giving: $12,160,075

Qualifying distributions: $13,500,787

Giving activities include:

$12,160,075 for 201 grants (high: $3,150,000; low: $1,000)