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Penny Lima Newhouse Foundation is a private corporation based in WILMINGTON, NC. The foundation received its IRS ruling in 2014. The principal officer is Foundation Source. It holds total assets of $400K. Annual income is reported at $228K. Total assets have decreased from $774K in 2013 to $506K in 2023. The foundation is governed by 1 officer or trustee. 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 2020 to 2023. According to available records, Penny Lima Newhouse Foundation has made 74 grants totaling $64K, with a median grant of $500. Annual giving has decreased from $17K in 2020 to $7K in 2023. Grantmaking activity was highest in 2021 with $23K distributed across 21 grants. Individual grants have ranged from N/A to $9K, with an average award of $866.541. The foundation has supported 36 unique organizations. The foundation primarily supports organizations in North Carolina, Oregon, District of Columbia, which account for 76% of all grants. Grantmaking reaches organizations across 10 states. 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.
Penny Lima Newhouse Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 74 grants. Its grantmaking reaches organizations primarily in NC, OR, DC.
Penny Lima Newhouse Foundation has distributed a total of $64K across 74 grants. The median grant size is $500, with an average of $866.541. Individual grants have ranged from N/A to $9K.
Penny Lima Newhouse Foundation typically selects its grantees rather than accepting unsolicited proposals.
Penny Lima Newhouse Foundation is headquartered in WILMINGTON, NC. While based in NC, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Doc Hamm | DIRECTOR | $37K | $0 | $37K |
Total Giving
$90K
Total Assets
$506K
Fair Market Value
$607K
Net Worth
$467K
Grants Paid
$7K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$21K
Total: $309K
Total Grants
74
Total Giving
$64K
Average Grant
$866.541
Median Grant
$500
Unique Recipients
36
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Whqr Public RadioGENERAL & UNRESTRICTED | Wilmington, NC | $3K | 2023 |
| Advanced Youth OutreachGENERAL & UNRESTRICTED | Wilmington, NC | $2K | 2023 |
| Braver AngelsGENERAL & UNRESTRICTED | New York, NY | $1K | 2023 |
| Humanists And FreethinkersGENERAL & UNRESTRICTED | Belville, NC | $250 | 2023 |
| Planned ParenthoodGENERAL & UNRESTRICTED | Wilmington, NC | $250 | 2023 |
| Bikers Against Drunk DrivingGENERAL & UNRESTICTED | Miami, FL | $200 | 2023 |
| Mercatus CenterGENERAL 7 UNRESTRICTED | Pittsburgh, PA | $120 | 2023 |
| Mother Hubbard CupboardGENERAL & UNRESTRICTED | Wilmington, NC | $100 | 2023 |
| WikimediaGENERAL & UNRESTRICTED | San Francisco, CA | $100 | 2023 |
| Friends Of AeonGENERAL & UNRESTRICTED | Brooklyn, NY | $100 | 2023 |
| Cape Fear JazzGENERAL & UNRESTRICTED | Wilmington, NC | $100 | 2023 |
| Council Secular HumanistsGENERAL & UNRESTRICTED | Amherst, NY | N/A | 2023 |
| Mosaic Jewish ThoughtGENERAL & UNRESTRICTED | Wilmington, NC | N/A | 2023 |
| Bellamy Mansion Museum Of HistoryGENERAL & UNRESTRICTED | Wilmington, NC | $3K | 2022 |
| Woodson CenterGENERAL 7 UNRESTICTED | Washington, DC | $2K | 2022 |
| Preservation NcGENERAL & UNRESTRICTED | Raleigh, NC | $1K | 2022 |
| WaasGENERAL & UNRESTRICTED | Wilmington, NC | $1K | 2022 |
| Unc Center For Public TelevisionGENERAL & UNRESTRICTED | Research Triangle, NC | $1K | 2022 |
| Judical WatchGENERAL & UNRESTRICTED | Washington, DC | $1K | 2022 |
| Leadership InstituteGENERAL & UNRESTRICTED | Arlington, VA | $750 | 2022 |
| Compassion And ChoicesGENERAL & UNRESTRICTED | Portland, OR | $250 | 2022 |
| Story CorpsGENERAL & UNRESTRICTED | Brooklyn, NY | $104 | 2022 |
| Wounded WarriorGENERAL & UNRESTRICTED | Jacksonville, FL | $100 | 2022 |
| Steve Haydu St Patrick'S Lo Tide FdGENERAL 7 UNRESTRICTED | Carolina Beach, NC | N/A | 2022 |
| American Huminist AssociationGENERAL 7 UNRESTRICTED | Washington, DC | N/A | 2022 |
| Alzheimers AssociationGENERAL 7 UNRESTRICTED | Raleigh, NC | N/A | 2022 |
| The Woodson CenterGENERAL 7 UNRESTICTED | Washington, DC | $3K | 2021 |
| Cameron Art MuseumGENERAL & UNRESTRICTED | Wilmington, NC | $1K | 2021 |
| Kids Making ItGENERAL & UNRESTRICTED | Wilmington, NC | $1K | 2021 |