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Break New Ground Charitable Fund is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2023. The principal officer is Foundation Source. It holds total assets of $4M. Annual income is reported at $440K. The foundation is governed by 2 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 2022 to 2023. According to available records, Break New Ground Charitable Fund has made 1 grants totaling $50K, with a median grant of $50K. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
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.
Break New Ground Charitable Fund primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in MA.
Break New Ground Charitable Fund has distributed a total of $50K across 1 grants. The median grant size is $50K, with an average of $50K. Individual grants have ranged from $50K to $50K.
Break New Ground Charitable Fund typically selects its grantees rather than accepting unsolicited proposals.
Break New Ground Charitable Fund is headquartered in WILMINGTON, DE.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter H Hartline | Dir, Pres, Treas | $0 | $0 | N/A |
| Rebecca B Kucera | Sec, Dir, VP | $0 | $0 | N/A |
Total Giving
$75K
Total Assets
$4.1M
Fair Market Value
$4.7M
Net Worth
$4.1M
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$157K
Distribution Amount
$202K
Total Grants
1
Total Giving
$50K
Average Grant
$50K
Median Grant
$50K
Unique Recipients
1
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northeastern UniversityOGL Endowment Fund | Boston, MA | $50K | 2023 |