Vincent and Teresa Viola

NET WORTH: $1.71 billion

SOURCE OF WEALTH: Virtu Financial

FUNDING AREAS: Education, Religious, Health, Florida community

OVERVIEW:  Vincent Viola, his wife Teresa, and family move their philanthropy through the Viola Foundation, which appears to be recently minted. Interests include education, including military academies.

BACKGROUND: Born into an Italian-American family, Vincent Viola graduated from the United States Military Academy at West Point in 1977. He served in the 101st Airborne Division and completed both Ranger and Airborne Schools. In 1983, he graduated from the New York Law School. Viola launched Virtu Financial, an electronic trading firm, where he’s chairman and CEO. He also owns the NHL's Florida Panthers. 

ISSUES:

EDUCATION: Vincent Viola and family have steadily supported the Association of Graduates, the primary organization of United States Air Force Academy. Viola has supported the U.S. Military Academy and after 9/11 funded the Combating Terrorism Center at West Point.

Other grantees include Fordham University School of Law, City College 21st Century Foundation, Inner-City Scholarship Fund, Mt. Carmel-Holy Rosary School, and Futures in Education, whose goal is to “ensure that the gift of an excellent Catholic education continues to be a viable option for current and future generations of deserving students in Brooklyn and Queens.”

RELIGIOUS: Grantees include The Basilica of the National Shrine of the Immaculate Conception, Our Lady of Mount Carmel Church. The family has supported organizations that work in the Italian-American community, like the National Italian-American Foundation.

HEALTH: Grantees include Eden II & Genesis Foundation, which deals with autism.

FLORIDA COMMUNITY: Grantees include the Florida Panthers Foundation, which benefits the South Florida community.

OTHER: The family has supported sports outfits Mark Schmidt Basketball Camp and Be the Best Sport, a soccer club.

LOOKING FORWARD: Viola and Teresa are avid horse racers (Viola owns some 70 horses), though the Viola Foundation’s grantmaking doesn’t appear to focus on this of late.  The couple’s sons are on the books for the Viola Foundation and are involved with the Panthers team as well. Their influence may increase going forward.

CONTACT:

Viola Foundation
900 3rd Ave., Fl. 29
New York City, NY 10022