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Alex W Newton Foundation is a private corporation based in MOUNTAIN BRK, AL. The foundation received its IRS ruling in 2000. The principal officer is Alex W Newton. It holds total assets of $1.1M. Annual income is reported at $373K. Total assets have grown from $3K in 2011 to $1M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. According to available records, Alex W Newton Foundation has made 31 grants totaling $214K, with a median grant of $5K. Annual giving has grown from $20K in 2021 to $62K in 2023. Grantmaking activity was highest in 2022 with $132K distributed across 22 grants. Individual grants have ranged from $1K to $20K, with an average award of $7K. The foundation has supported 14 unique organizations. Grant recipients are concentrated in Alabama. Contributions to this foundation are tax-deductible.
Alex W Newton Foundation reported 31 individual grants totaling $214,211 between 2021 and 2023 across its IRS Form 990-PF filings, with a median grant of $5,000. Half of those grants fell between $5,000 and $10,000. Its largest single grant in the record was $20,211. Its most recent available filing, for fiscal year 2023, reports $75,235 in total giving.
Grantmaking is concentrated in AL, which received 31 of the 31 grants on record (100 percent). Of its 14 distinct grantees, 79 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Stillman College ($50,000), Community Furniture Bank ($25,000) and Presbyterian Home For Children ($20,211).
Computed from 31 individual grant records (2021–2023) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Alex W Newton Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 31 grants. Its grantmaking reaches organizations primarily in AL.
Alex W Newton Foundation has distributed a total of $214K across 31 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $1K to $20K.
Alex W Newton Foundation typically selects its grantees rather than accepting unsolicited proposals.
Alex W Newton Foundation is headquartered in MOUNTAIN BRK, AL.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rob J Newton | DIRECTOR & VP/SECRETARY | $0 | $0 | N/A |
| Kelly N Hammond | DIRECTOR & PRESIDENT | $0 | $0 | N/A |
| Jane W Newton | DIRECTOR & VP/TREASURER | $0 | $0 | N/A |
Total Giving
$75K
Total Assets
$1M
Fair Market Value
$1.3M
Net Worth
$1M
Grants Paid
$62K
Contributions
$551K
Net Investment Income
$24K
Distribution Amount
$43K
Total Grants
31
Total Giving
$214K
Average Grant
$7K
Median Grant
$5K
Unique Recipients
14
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Presbyterian Home For ChildrenSUPPORT PAYMENT | Talladega, AL | $20K | 2023 |
| Stillman CollegeSCHOLARSHIP FUND | Tuscaloosa, AL | $10K | 2023 |
| St Vincent'S FoundationSUPPORT PAYMENT | Birmingham, AL | $10K | 2023 |
| Alabama Symphony OrchestraSUPPORT PAYMENT | Birmingham, AL | $5K | 2023 |
| Camp Seale HarrisSUPPORT PAYMENT | Birmingham, AL | $5K | 2023 |
| Community Furniture BankSUPPORT PAYMENT | Birmingham, AL | $5K | 2023 |
| Restoration AcademySUPPORT PAYMENT | Fairfield, AL | $5K | 2023 |
| Opera BirminghamSUPPORT PAYMENT | Birmingham, AL | $2K | 2023 |
| Parkinson'S Association Of AlabamaSUPPORT PAYMENT | Birmingham, AL | $10K | 2022 |
| Ethan'S Heart - Bags4blessingsSUPPORT PAYMENT | Irondale, AL | $5K | 2022 |
| Urban Young Life BirminghamSUPPORT PAYMENT | Birmingham, AL | $5K | 2022 |
| Als Association Of Alabama ChapterSUPPORT PAYMENT | Birmingham, AL | $5K | 2022 |
| Kids Christian Music CenterSUPPORT PAYMENT | Birmingham, AL | $5K | 2022 |
| Christian Service MissionSUPPORT PAYMENT | Birmingham, AL | $5K | 2022 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL