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Newport Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2008. The principal officer is Foundation Source. It holds total assets of $306K. Annual income is reported at $5K. Total assets have grown from $192K in 2011 to $333K in 2023. 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 2016 to 2023. According to available records, Newport Family Foundation has made 2 grants totaling $18K, with a median grant of $9K. Individual grants have ranged from $5K to $13K, with an average award of $9K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in California. 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.
Newport Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in CA.
Newport Family Foundation has distributed a total of $18K across 2 grants. The median grant size is $9K, with an average of $9K. Individual grants have ranged from $5K to $13K.
Newport Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Newport Family Foundation is headquartered in WILMINGTON, DE.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Philip Edward Koen | Dir | $0 | $0 | N/A |
| Peggy Aggson Koen | Pres, Dir, Sec | $0 | $0 | N/A |
| Claire Blystra | Dir | $0 | $0 | N/A |
| William Joseph Koen | Dir | $0 | $0 | N/A |
Total Giving
$26K
Total Assets
$333K
Fair Market Value
$566K
Net Worth
$333K
Grants Paid
$18K
Contributions
N/A
Net Investment Income
$4K
Distribution Amount
$28K
Total Grants
2
Total Giving
$18K
Average Grant
$9K
Median Grant
$9K
Unique Recipients
2
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Los Gatos Museum AssociationGeneral & Unrestricted | Los Gatos, CA | $13K | 2023 |
| Summit LeagueGeneral & Unrestricted | Saratoga, CA | $5K | 2023 |