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Also known as: C/O ABROMS AND ASSOCIATES P C
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Newsome Family Foundation is a private corporation based in BIRMINGHAM, AL. The foundation received its IRS ruling in 2004. The principal officer is Abroms And Associates Pc. It holds total assets of $653K. Annual income is reported at $1.1M. Total assets have grown from $126K in 2011 to $190K 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, Newsome Family Foundation has made 23 grants totaling $190K, with a median grant of $5K. Annual giving has decreased from $145K in 2022 to $45K in 2023. Individual grants have ranged from $500 to $25K, with an average award of $8K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Alabama and Georgia. 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.
Newsome Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in AL, GA.
Newsome Family Foundation has distributed a total of $190K across 23 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $500 to $25K.
Newsome Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Newsome Family Foundation is headquartered in BIRMINGHAM, AL. While based in AL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Stacey N Wald | DIRECTOR | $0 | $0 | N/A |
| Kelly N Fredette | DIRECTOR | $0 | $0 | N/A |
| Michael J Newsome | DIRECTOR | $0 | $0 | N/A |
Total Giving
$49K
Total Assets
$190K
Fair Market Value
$411K
Net Worth
$190K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$32K
Distribution Amount
$19K
Total Grants
23
Total Giving
$190K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
11
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Asbury United MethodistBENEVOLENT OFFERING | Birmingham, AL | $25K | 2023 |
| Samford UniversityBENEVOLENT OFFERING | Birmingham, AL | $15K | 2023 |
| Uab Cancer CenterBENEVOLENT OFFERING | Birmingham, AL | $5K | 2023 |
| Friends Of Rickwood FieldBENEVOLENT OFFERING | Birmingham, AL | $8K | 2022 |
| Monday Morning Quarterback ClubBENEVOLENT OFFERING | Birmingham, AL | $5K | 2022 |
| Mount Paran Christian SchoolBENEVOLENT OFFERING | Kennesaw, GA | $5K | 2022 |
| Habitat TuscaloosaBENEVOLENT OFFERING | Tuscaloosa, AL | $5K | 2022 |
| Camp Smile A MileBENEVOLENT OFFERING | Birmingham, AL | $5K | 2022 |
| Grace Klein CommunityBENEVOLENT OFFERING | Birmingham, AL | $5K | 2022 |
| Samford University Legacy LeagueBENEVOLENT OFFERING | Birmingham, AL | $3K | 2022 |
| Faith Presbyterian ChurchBENEVOLENT OFFERING | Birmingham, AL | $500 | 2022 |
BIRMINGHAM, AL
BIRMINGHAM, AL
BIRMINGHAM, AL