Bill and Tara Newman Family
Bill and Tara Newman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FARRANDSVILLE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $711K in total assets. In 2024, it awarded 15 grants totaling $147K. Net investment income was $95K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$711K
-5.5% YoY
Annual Giving
$147K
+16.0% YoY
Grant Count
15
+0.0% YoY
Avg Grant Size
$10K
+16.0% YoY
Under IRS private-foundation payout rules, Bill and Tara Newman Family reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
About Bill and Tara Newman Family
Based on IRS filings
Bill and Tara Newman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FARRANDSVILLE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $711K in total assets. In 2024, it awarded 15 grants totaling $147K. Net investment income was $95K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $710,987 | $752,119 | $835,061 |
| Revenue | $151,322 | $97,261 | $98,986 |
| Expenses | $160,450 | $144,366 | $138,978 |
| Qualifying Distributions | $151,442 | $131,251 | $129,988 |
| Net Investment Income | $95,039 | $30,701 | $90,472 |
| Distributable Amount | $42,169 | $39,729 | $44,074 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Big Woods Bible Church ($26,500), Trinity Evangelical Church Cyprus ($21,142), Cairn International Scholarships ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AVANT MINISTRIES KANSAS CITY, MO | GENERAL PURPOSE | $3,672 |
| BCM INTERNATIONAL LANCASTER, PA | GENERAL PURPOSE | $2,404 |
| BIG WOODS BIBLE CHURCH CASTANEA, PA | GENERAL PURPOSE | $26,500 |
| CAIRN DOMESTIC MISSIONS LANGHORNE, PA | GENERAL PURPOSE | $18,467 |
| CAIRN INTERNATIONAL SCHOLARSHIPS LANGHORNE, PA | GENERAL PURPOSE | $20,000 |
| CENTRAL MISSIONARY CLEARINGHOUSE HOUSTON, TX | GENERAL PURPOSE | $2,706 |
| CROSSWORLDS KANSAS CITY, MO | GENERAL PURPOSE | $2,400 |
| ETHNOS360 SANFORD, FL | GENERAL PURPOSE | $13,434 |
| INHERITANCE OF HOPE SENECA, SC | GENERAL PURPOSE | $5,000 |
| INTERVARSITY MADISON, WI | GENERAL PURPOSE | $2,768 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM A NEWMAN | DIRECTOR | 1 | — |
| TARA J NEWMAN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bill and Tara Newman Family?
Bill and Tara Newman Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FARRANDSVILLE, PA. It holds $711K in total assets as of 2024.
How large is Bill and Tara Newman Family?
As of 2024, Bill and Tara Newman Family holds $711K in total assets with $151K in annual revenue. It awarded 15 grants totaling $147K in 2024.
Where does Bill and Tara Newman Family operate?
Bill and Tara Newman Family has awarded grants in Florida, Georgia, Missouri, North Carolina, Pennsylvania, South Carolina, Texas, Wisconsin.
What size grants does Bill and Tara Newman Family award?
In 2024, Bill and Tara Newman Family awarded 15 grants totaling $147K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Bill and Tara Newman Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Bill and Tara Newman Family reported a distributable amount of $42K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Bill and Tara Newman Family's EIN?
Bill and Tara Newman Family's EIN (Employer Identification Number) is 85-3365341. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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