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Wo And Lois Newell Charitable Trust is a private trust based in SOMERSET, KY. The foundation received its IRS ruling in 2010. The principal officer is Cumberland Security Bank. It holds total assets of $13.4M. Annual income is reported at $3.6M. 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. Grantmaking is concentrated in Kentucky. According to available records, Wo And Lois Newell Charitable Trust has made 65 grants totaling $3.9M, with a median grant of $41K. The foundation has distributed between $702K and $1.7M annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $1.7M distributed across 26 grants. Individual grants have ranged from $14K to $207K, with an average award of $60K. The foundation has supported 13 unique organizations. Grant recipients are concentrated in Kentucky. Contributions to this foundation are tax-deductible.
Smallest Grant
$17K
Median Grant
$41K
Average Grant
$64K
Largest Grant
$207K
Based on 13 grants from the most recent 990-PF filing.
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.
Wo And Lois Newell Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 65 grants. Its grantmaking reaches organizations primarily in KY.
Wo And Lois Newell Charitable Trust has distributed a total of $3.9M across 65 grants. The median grant size is $41K, with an average of $60K. Individual grants have ranged from $14K to $207K.
Wo And Lois Newell Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Wo And Lois Newell Charitable Trust is headquartered in SOMERSET, KY.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$881K
Total Assets
$13.4M
Fair Market Value
$16.1M
Net Worth
$13.4M
Grants Paid
$765K
Contributions
N/A
Net Investment Income
$498K
Distribution Amount
$748K
Total: $12M
Total Grants
65
Total Giving
$3.9M
Average Grant
$60K
Median Grant
$41K
Unique Recipients
13
Most Common Grant
$38K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of KentuckyPER DONEE'S GENERAL PURPOSE | Lexington, KY | $54K | 2023 |
| Grace Baptist ChurchPER DONEE'S GENERAL PURPOSE | Somerset, KY | $191K | 2023 |
| Oneida Baptist InstitutePER DONEE'S GENERAL PURPOSE | Oneida, KY | $77K | 2023 |
| Clear Creek Baptist Bible CollegePER DONEE'S GENERAL PURPOSE | Pineville, KY | $77K | 2023 |
| Sunrise Children'S ServicesPER DONEE'S GENERAL PURPOSE | Mount Washington, KY | $77K | 2023 |
| University Of The CumberlandsPER DONEE'S GENERAL PURPOSE | Williamsburg, KY | $77K | 2023 |
| Berea CollegePER DONEE'S GENERAL PURPOSE | Berea, KY | $38K | 2023 |
| Masonic Home Of LouisvillePER DONEE'S GENERAL PURPOSE | Masonic Home, KY | $38K | 2023 |
| Somerset Community CollegePER DONEE'S GENERAL PURPOSE | Somerset, KY | $38K | 2023 |
| Southern SeminaryPER DONEE'S GENERAL PURPOSE | Louisville, KY | $38K | 2023 |
| Tateville Baptist ChurchPER DONEE'S GENERAL PURPOSE | Burnside, KY | $23K | 2023 |
| Bronston Baptist ChurchPER DONEE'S GENERAL PURPOSE | Bronston, KY | $23K | 2023 |
| Burnside Masonic LodgePER DONEE'S GENERAL PURPOSE | Burnside, KY | $15K | 2023 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY