The ICSC Foundation and ICSC Foundation Canada are the non-profit, charitable arms of ICSC dedicated to building a pipeline of bright and ambitious talent from a wide array of backgrounds, perspectives and experiences to advance the retail real estate and marketplaces industry.
International Council of Shopping Centers Foundation Inc centers its giving on scholarships and talent development for students entering the retail real estate and marketplaces industry. Its recent grants show a steady pattern of support for universities that sit inside that talent pipeline, including Rutgers University Foundation, which received $100,000 in 2024, and Florida International University Foundation, which received $65,000 in 2024 and $55,000 in 2025. The foundation also backs named scholarship relationships with business schools and public universities, using restricted-purpose awards rather than individual aid to advance academic and professional preparation. The grant record suggests an institution-facing strategy: funding flows to higher education partners that can identify students, connect them with mentors, and tie scholarships to industry exposure. In the active programs list, the ICSC Foundation Scholarships program pairs recipients with an industry mentor and supports attendance at an ICSC conference, showing how the foundation links financial support with career development. The Lisa Palmer Fellowship appears within the scholarship portfolio as another named pathway. Across the recent grants, awards recur to the same institutions over multiple years, indicating ongoing support rather than one-time project funding.
Scholarship funding is the clearest throughline. The foundation gave $38,000 in 2025 to The Kenan-flagler Business School Foundation and $35,000 in 2024 to the same institution, both for scholarships. It also supports graduate and undergraduate access at public universities. The Board of Trustees of the University of Alabama received $25,000 in 2023 and another $25,000 in 2024 for scholarships, while North Carolina Central University Foundation Inc received $25,000 in 2024 and $25,000 in 2025. The grant list includes several additional campus partners. Southern Methodist University received $22,000 in 2024 and $12,000 in 2025, and Yale University received $12,580 in 2025, all designated as scholarship support. These awards point to a higher-education focus tied to talent development. The active programs also emphasize mentorship and experiential opportunities, especially through the Talent Incubator Project.
$1.3M
$17.8M
$2.3M
$1.4M
Most grants fall between $7K and $15K, with a median of $10K.
25th Percentile
$7K
Median
$10K
75th Percentile
$15K
About 10% of grants go to recipients in TN.
SEAN KRON
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Typical awards are modest and concentrated in a narrow band: the 25th percentile is $7,000, the median is $10,000, and the 75th percentile is $15,000. The recent grants table shows that the foundation also makes larger institutional scholarship commitments, but the center of gravity remains in smaller, repeatable awards. This is a regular funder rather than a DAF or program-related-investment vehicle, and it funds organizations, not individuals. The same universities appear across multiple years, including Rutgers University Foundation, Florida International University Foundation, Baruch College, Indiana University, and Southern Methodist University, which indicates recurring institutional relationships rather than isolated one-off grants. The active scholarship programs also include unsolicited applications for some offerings.
Grantmaking is national, with all recent grants going to U.S. recipients. Tennessee appears most often in the overall grant record, even though the foundation is headquartered in New York, New York. Recent awards also cluster around campuses in Miami, New Brunswick, Durham, Dallas, Tempe, Bloomington, and New York City. New York recipients account for 10% of grants, showing some in-state giving but not a dominant share.
The foundation mainly funds scholarships and related talent-development support for students preparing for the retail real estate and marketplaces industry. Its active programs include ICSC Foundation Scholarships, the Talent Incubator Project, and the Lisa Palmer Fellowship.
It funds organizations rather than individuals. The grant list is made up of awards to universities and university foundations, and its philosophy tags point to restricted-purpose scholarship support.
The typical grant size is $7,000 at the 25th percentile, $10,000 at the median, and $15,000 at the 75th percentile. Some scholarship awards are larger, such as $100,000 to Rutgers University Foundation in 2024.
Several recipients appear across multiple years, including Rutgers University Foundation, Florida International University Foundation, Baruch College, and Southern Methodist University. That pattern suggests recurring relationships with some institutions.
Yes, the ICSC Foundation Scholarships program and the Lisa Palmer Fellowship are listed as accepting unsolicited applications. The Talent Incubator Project is not marked as accepting unsolicited applications.
2025
Source: IRS Form 990-PF, fiscal year 2025.
Most recent grants reported to the IRS.
| Recipient | Location | Amount | Year | Purpose |
|---|---|---|---|---|
| FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION | MIAMI, FL | $55,000 | 2025 | SCHOLARSHIP |
| RUTGERS UNIVERSITY FOUNDATION | NEW BRUNSWICK, NJ | $50,000 | 2025 | SCHOLARSHIP |
| THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION | CHAPEL HILL, NC | $38,000 | 2025 | SCHOLARSHIP |
| UNIVERSITY OF CONNECTICUT | FARMINGTON, CT | $26,000 | 2025 | SCHOLARSHIP |
| NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC | DURHAM, NC | $25,000 | 2025 | SCHOLARSHIP |
| THE UNIVERSITY OF TEXAS AT AUSTIN | AUSTIN, TX | $20,000 | 2025 | SCHOLARSHIP |
| YALE UNIVERSITY | NEW HAVEN, CT | $12,580 | 2025 | SCHOLARSHIP |
| SOUTHERN METHODIST UNIVERSITY | DALLAS, TX | $12,000 | 2025 | SCHOLARSHIP |
| BARUCH COLLEGE | NEW YORK, NY | $11,333 | 2025 | SCHOLARSHIP |
| ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY | TEMPE, AZ | $10,526 | 2025 | SCHOLARSHIP |
| BABSON COLLEGE | BABSON PARK, MA | $10,000 | 2025 | SCHOLARSHIP |
| GEORGIA STATE UNIVERSITY | ATLANTA, GA | $10,000 | 2025 | SCHOLARSHIP |
| UNIVERSITY OF WISCONSIN SYSTEM | MADISON, WI | $10,000 | 2025 | SCHOLARSHIP |
| UNIVERSITY OF FLORIDA | GAINESVILLE, FL | $10,000 | 2025 | SCHOLARSHIP |
| MORGAN STATE UNIVERSITY | BALTIMORE, MD | $10,000 | 2025 | SCHOLARSHIP |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE DBA HARVARD UNIVERSITY | CAMBRIDGE, MA | $10,000 | 2025 | SCHOLARSHIP |
| TEXAS TECH UNIVERSITY SYSTEM | LUBBOCK, TX | $10,000 | 2025 | SCHOLARSHIP |
| CAL STATE FULLERTON PHILANTHROPIC FOUNDATION | FULLERTON, CA | $10,000 | 2025 | SCHOLARSHIP |
| NEW YORK UNIVERSITY | NEW YORK, NY | $10,000 | 2025 | SCHOLARSHIP |
| TEMPLE UNIVERSITY | PHILADELPHIA, PA | $10,000 | 2025 | SCHOLARSHIP |
| UNIVERSITY OF SOUTHERN CALIFORNIA | LOS ANGELES, CA | $10,000 | 2025 | SCHOLARSHIP |
| THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND | NEW ORLEANS, LA | $10,000 | 2025 | SCHOLARSHIP |
| UNIVERSITY OF WISCONSIN FOUNDATION | MADISON, WI | $7,325 | 2025 | SCHOLARSHIP |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES | LOS ANGELES, CA | $7,000 | 2025 | SCHOLARSHIP |
| LSU FOUNDATION | BATON ROUGE, LA | $7,000 | 2025 | SCHOLARSHIP |
| RUTGERS UNIVERSITY FOUNDATION | NEW BRUYNSWICK, NJ | $100,000 | 2024 | SCHOLARSHIP |
| FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION | MIAMI, FL | $65,000 | 2024 | SCHOLARSHIP |
| THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION | CHAPEL HILL, NC | $35,000 | 2024 | SCHOLARSHIP |
| THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA | TUSCALOOSA, AL | $25,000 | 2024 | SCHOLARSHIP |
| NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC | DURHAM, NC | $25,000 | 2024 | SCHOLARSHIP |
| SOUTHERN METHODIST UNIVERSITY | DALLAS, TX | $22,000 | 2024 | SCHOLARSHIP |
| INDIANA UNIVERSITY | BLOOMINGTON, IN | $20,000 | 2024 | SCHOLARSHIP |
| UNIVERSITY OF WISCONSIN SYSTEM | MADISON, WI | $20,000 | 2024 | SCHOLARSHIP |
| THE OHIO STATE UNIVERSITY | COLUMBUS, OH | $15,000 | 2024 | SCHOLARSHIP |
| THE UNIVERSITY OF TEXAS AT AUSTIN | AUSTIN, TX | $15,000 | 2024 | SCHOLARSHIP |
| FLORIDA STATE UNIVERSITY | TALLAHASSEE, FL | $12,500 | 2024 | SCHOLARSHIP |
| BARUCH COLLEGE | NEW YORK, NY | $11,333 | 2024 | SCHOLARSHIP |
| TEMPLE UNIVERSITY | PHILADELPHIA, PA | $10,000 | 2024 | SCHOLARSHIP |
| THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND | NEW ORLEANS, LA | $10,000 | 2024 | SCHOLARSHIP |
| THE UCLA FOUNDATION | LOS ANGELES, CA | $10,000 | 2024 | SCHOLARSHIP |
| GEORGIA STATE UNIVERSITY | ATLANTA, GA | $10,000 | 2024 | SCHOLARSHIP |
| THE UNIVERSITY OF TEXAS SAN ANTONIO | SAN ANTONIO, TX | $10,000 | 2024 | SCHOLARSHIP |
| THE UNIVERSITY OF TENNESSEE | KNOXVILLE, TN | $10,000 | 2024 | SCHOLARSHIP |
| PRESIDENT AND FELLOWS OF HARVARD COLLEGE DBA HARVARD UNIVERSITY | CAMBRIDGE, MA | $10,000 | 2024 | SCHOLARSHIP |
| CAL STATE FULLERTON PHILANTHROPIC FOUNDATION | FULLERTON, CA | $10,000 | 2024 | SCHOLARSHIP |
| UNIVERSITY OF SOUTHERN CALIFORNIA | LOS ANGELES, CA | $10,000 | 2024 | SCHOLARSHIP |
| UNIVERSITY OF FLORIDA | GAINESVILLE, FL | $10,000 | 2024 | SCHOLARSHIP |
| CALIFORNIA STATE UNIVERSITY- NORTHRIDGE | NORTHRIDGE, CA | $8,000 | 2024 | SCHOLARSHIP |
| UNIVERSITY OF WISCONSIN FOUNDATION | MADISON, WI | $7,325 | 2024 | SCHOLARSHIP |
| LSU FOUNDATION | BATON ROUGE, LA | $7,000 | 2024 | SCHOLARSHIP |
FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION
$55,000SCHOLARSHIP
RUTGERS UNIVERSITY FOUNDATION
$50,000SCHOLARSHIP
THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION
$38,000SCHOLARSHIP
UNIVERSITY OF CONNECTICUT
$26,000SCHOLARSHIP
NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC
$25,000SCHOLARSHIP
THE UNIVERSITY OF TEXAS AT AUSTIN
$20,000SCHOLARSHIP
YALE UNIVERSITY
$12,580SCHOLARSHIP
SOUTHERN METHODIST UNIVERSITY
$12,000SCHOLARSHIP
BARUCH COLLEGE
$11,333SCHOLARSHIP
ARIZONA STATE UNIVERSITY FOUNDATION FOR A NEW AMERICAN UNIVERSITY
$10,526SCHOLARSHIP
BABSON COLLEGE
$10,000SCHOLARSHIP
GEORGIA STATE UNIVERSITY
$10,000SCHOLARSHIP
UNIVERSITY OF WISCONSIN SYSTEM
$10,000SCHOLARSHIP
UNIVERSITY OF FLORIDA
$10,000SCHOLARSHIP
MORGAN STATE UNIVERSITY
$10,000SCHOLARSHIP
PRESIDENT AND FELLOWS OF HARVARD COLLEGE DBA HARVARD UNIVERSITY
$10,000SCHOLARSHIP
TEXAS TECH UNIVERSITY SYSTEM
$10,000SCHOLARSHIP
CAL STATE FULLERTON PHILANTHROPIC FOUNDATION
$10,000SCHOLARSHIP
NEW YORK UNIVERSITY
$10,000SCHOLARSHIP
TEMPLE UNIVERSITY
$10,000SCHOLARSHIP
UNIVERSITY OF SOUTHERN CALIFORNIA
$10,000SCHOLARSHIP
THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND
$10,000SCHOLARSHIP
UNIVERSITY OF WISCONSIN FOUNDATION
$7,325SCHOLARSHIP
REGENTS OF THE UNIVERSITY OF CALIFORNIA LOS ANGELES
$7,000SCHOLARSHIP
LSU FOUNDATION
$7,000SCHOLARSHIP
RUTGERS UNIVERSITY FOUNDATION
$100,000SCHOLARSHIP
FLORIDA INTERNATIONAL UNIVERSITY FOUNDATION
$65,000SCHOLARSHIP
THE KENAN-FLAGLER BUSINESS SCHOOL FOUNDATION
$35,000SCHOLARSHIP
THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ALABAMA
$25,000SCHOLARSHIP
NORTH CAROLINA CENTRAL UNIVERSITY FOUNDATION INC
$25,000SCHOLARSHIP
SOUTHERN METHODIST UNIVERSITY
$22,000SCHOLARSHIP
INDIANA UNIVERSITY
$20,000SCHOLARSHIP
UNIVERSITY OF WISCONSIN SYSTEM
$20,000SCHOLARSHIP
THE OHIO STATE UNIVERSITY
$15,000SCHOLARSHIP
THE UNIVERSITY OF TEXAS AT AUSTIN
$15,000SCHOLARSHIP
FLORIDA STATE UNIVERSITY
$12,500SCHOLARSHIP
BARUCH COLLEGE
$11,333SCHOLARSHIP
TEMPLE UNIVERSITY
$10,000SCHOLARSHIP
THE ADMINISTRATORS OF THE TULANE EDUCATIONAL FUND
$10,000SCHOLARSHIP
THE UCLA FOUNDATION
$10,000SCHOLARSHIP
GEORGIA STATE UNIVERSITY
$10,000SCHOLARSHIP
THE UNIVERSITY OF TEXAS SAN ANTONIO
$10,000SCHOLARSHIP
THE UNIVERSITY OF TENNESSEE
$10,000SCHOLARSHIP
PRESIDENT AND FELLOWS OF HARVARD COLLEGE DBA HARVARD UNIVERSITY
$10,000SCHOLARSHIP
CAL STATE FULLERTON PHILANTHROPIC FOUNDATION
$10,000SCHOLARSHIP
UNIVERSITY OF SOUTHERN CALIFORNIA
$10,000SCHOLARSHIP
UNIVERSITY OF FLORIDA
$10,000SCHOLARSHIP
CALIFORNIA STATE UNIVERSITY- NORTHRIDGE
$8,000SCHOLARSHIP
UNIVERSITY OF WISCONSIN FOUNDATION
$7,325SCHOLARSHIP
LSU FOUNDATION
$7,000SCHOLARSHIP