The mission of the UNICO Foundation is to support charitable, scientific, educational, literary, and religious purposes, primarily through offering scholarships. As a 501(c)(3) Corporation, it focuses on accepting and making donations, grants, awards, and more. The Foundation's primary project involves granting scholarships, with over 40 awarded each year, along with making substantial grants to areas like Cooley’s Anemia, Mental Health Organizations, Italian Studies, cancer research & prevention, and food bank/shelter efforts.
The Ralph J. Torraco Food Bank/Shelter Fund Grant, offered by the UNICO Foundation, is dedicated to feeding the hungry and providing shelter for the homeless or indigent. The grant supports community-established food/shelter programs in the United States that meet local and State health department regulations and have a proven track record in aiding low-income individuals. Eligible programs include Food Pantries, Soup Kitchens, or Shelters, and they must use 100% of the grant for food purchase or shelter provision.