//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
The Newman Foundation Inc. is a private corporation based in SHORT HILLS, NJ. The foundation received its IRS ruling in 1988. It holds total assets of $812K. Annual income is reported at $622K. Total assets have grown from $494K in 2010 to $774K in 2022. The foundation is governed by 2 officers and trustees. 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, The Newman Foundation Inc. has made 24 grants totaling $90K, with a median grant of $5K. Annual giving has grown from $40K in 2022 to $50K in 2023. Individual grants have ranged from $1K to $15K, with an average award of $4K. The foundation has supported 14 unique organizations. The foundation primarily supports organizations in New Jersey, Pennsylvania, Connecticut, which account for 79% of all grants. Grantmaking reaches organizations across 5 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.
The Newman Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in NJ, PA, CT.
The Newman Foundation Inc. has distributed a total of $90K across 24 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $1K to $15K.
The Newman Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Newman Foundation Inc. is headquartered in SHORT HILLS, NJ. While based in NJ, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kerry Sullivan | PRESIDENT/TRUSTEE | $0 | $0 | N/A |
| Denis Newman | TREASURER/VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$86K
Total Assets
$774K
Fair Market Value
$1.3M
Net Worth
$774K
Grants Paid
$50K
Contributions
N/A
Net Investment Income
$57K
Distribution Amount
$61K
Total: $743K
Total Grants
24
Total Giving
$90K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
14
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Harvard Business SchoolGENERAL | Boston, MA | $5K | 2023 |
| Memorial Sloan Kettering Cancer CenterDR. LORENZO FALCHI'S RESEARCH | Brooklyn, NY | $5K | 2023 |
| Cooperman Barnabas Medical CenterGENERAL | West Orange, NJ | $5K | 2023 |
| Yale University Alumni FundCLASS OF 1952 | New Haven, CT | $5K | 2023 |
| Seton Hall PrepGENERAL | West Orange, NJ | $5K | 2023 |
| Association For Frontotemporal DegenerationGENERAL | King Of Prussia, PA | $5K | 2023 |
| Sacred Heart GreenwichGENERAL | Greenwich, CT | $5K | 2023 |
| St Rose Of Lima ChurchGENERAL | Short Hills, NJ | $3K | 2023 |
| Archdiocese Of NewarkGENERAL | Newark, NJ | $3K | 2023 |
| Foundation For Morristown Medical CenterGENERAL | Morristown, NJ | $2K | 2023 |
| Loyola Jesuit Center House Of RetreatsGENERAL | Morristown, NJ | $1K | 2023 |
| Pestalozzi Us Children'S CharityGENERAL | New York, NY | $1K | 2023 |
| Consolata MissionariesGENERAL | Somerset, NJ | $1K | 2023 |
| Consolta MissionsGENERAL | Somerset, NJ | $2K | 2022 |