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Newcity Foundation is a private corporation based in VIENNA, VA. The foundation received its IRS ruling in 2022. The principal officer is Peter Luke Gibson. It holds total assets of $13.4M. Annual income is reported at $2.9M. The foundation is governed by 4 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 2021 to 2024. According to available records, Newcity Foundation has made 1 grants totaling $4.1M, with a median grant of $4.1M. Grant recipients are concentrated in Virginia. 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.
Newcity Foundation 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 VA.
Newcity Foundation has distributed a total of $4.1M across 1 grants. The median grant size is $4.1M, with an average of $4.1M. Individual grants have ranged from $4.1M to $4.1M.
Newcity Foundation typically selects its grantees rather than accepting unsolicited proposals.
Newcity Foundation is headquartered in VIENNA, VA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Peter Luke Gibson | Director & President | $0 | $0 | N/A |
| Steve Young | Director & Vice President | $0 | $0 | N/A |
| Paul Jin | Director & Secretary | $0 | $0 | N/A |
| Gina Jeon | Director & Treasurer | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$13.4M
Fair Market Value
N/A
Net Worth
$12.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
1
Total Giving
$4.1M
Average Grant
$4.1M
Median Grant
$4.1M
Unique Recipients
1
Most Common Grant
$4.1M
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Newcity ChurchFor building costs | Vienna, VA | $4.1M | 2022 |