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Milton And Ida Newman Foundation is a private corporation based in PHILADELPHIA, PA. The foundation received its IRS ruling in 2011. The principal officer is Bernard Newman. It holds total assets of $4.5M. Annual income is reported at $720K. Total assets have grown from $10K in 2010 to $4.9M in 2022. The foundation is governed by 2 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Funding is distributed across 4 states, including Pennsylvania, New York, Massachusetts. According to available records, Milton And Ida Newman Foundation has made 10 grants totaling $405K, with a median grant of $10K. Individual grants have ranged from $3K to $175K, with an average award of $41K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Pennsylvania, Maryland, Massachusetts, which account for 80% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$10K
Average Grant
$41K
Largest Grant
$175K
Based on 5 grants from the most recent 990-PF filing.
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.
Milton And Ida Newman Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in PA, MD, MA.
Milton And Ida Newman Foundation has distributed a total of $405K across 10 grants. The median grant size is $10K, with an average of $41K. Individual grants have ranged from $3K to $175K.
Milton And Ida Newman Foundation typically selects its grantees rather than accepting unsolicited proposals.
Milton And Ida Newman Foundation is headquartered in PHILADELPHIA, PA. While based in PA, the foundation distributes grants to organizations across 4 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Bernard Newman | MEMBER | $0 | $0 | N/A |
| Judith Newman | MEMBER | $0 | $0 | N/A |
Total Giving
$2M
Total Assets
$4.9M
Fair Market Value
$4.7M
Net Worth
$4.9M
Grants Paid
$2M
Contributions
N/A
Net Investment Income
$233K
Distribution Amount
$289K
Total: N/A
Total Grants
10
Total Giving
$405K
Average Grant
$41K
Median Grant
$10K
Unique Recipients
5
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| MomentumCOMMUNITY | Rockville, MD | $12K | 2022 |
| The Fund For Penn MedicineCOMMUNITY | Philadelphia, PA | $175K | 2022 |
| Impact IsraelCOMMUNITY | Needham, MA | $10K | 2022 |
| HelpusadoptorgCOMMUNITY | New York, NY | $3K | 2022 |
| Women Of VisionCOMMUNITY | Philadelphia, PA | $3K | 2022 |