Dig Deeper Foundation Inc
Dig Deeper Foundation Inc is a private foundation, based in Union, KY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $45.0M in total assets. In 2025, it awarded 27 grants totaling $1.7M. Net investment income was $2.2M.
Key facts about Dig Deeper Foundation Inc
In short: Dig Deeper Foundation Inc gave $1.7M across 27 grants in 2025 (avg $63K), mostly in Kentucky. 37% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 47-2252398
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,694,441
- Grants made (2025)
- 27
- Average grant
- $62,757
- Median grant
- $10,000
- New grantees (estimate)
- 37% first-time grantees (10 of 27, 2025)
- Total assets
- $45,034,321
- Primary geography
- Kentucky (75% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$45.0M
+1.5% YoY
Annual Giving
$1.7M
+236.5% YoY
Grant Count
27
+80.0% YoY
Avg Grant Size
$63K
+87.0% YoY
Under IRS private-foundation payout rules, Dig Deeper Foundation Inc reported a distributable amount of $2.4M for 2025 — the minimum it must pay out in qualifying distributions.
Is Dig Deeper Foundation Inc open to new grantees?
37%
first-time grantees, 2025
In 2025, 10 of 27 grantees (37%) were first-time recipients. First grants averaged $91K; repeat grants $46K. How we count
Medians: $30K first-time, $10K repeat.
- 44% of 2025 grantees were also funded in 2024. Method
- Giving grew 670% from 2022 to 2025. Method
- In 2025 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 27 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $89K (2020) to $1.7M (2025). In 2025 it made 27 grants totaling $1.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Life Learning Center ($600K). Together the top 10 received $1.6M.
Grant Size Distribution
84 grants across all recorded years
The most common grant size was under $50K: 68 grants of 84 (81%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Life Learning Center Covington, KY | General Contribution | $600,000 |
| Happy Church Jackson, KY | General Contribution | $465,000 |
| Master Provisions Florence, KY | General Contribution | $100,000 |
| Project 5-2 Ministry West Chester, OH | General Contribution | $100,000 |
| Southshore Community Church Sarasota, FL | General Contribution | $100,000 |
| Back 2 Back Ministries Mason, OH | General Contribution | $60,000 |
| Sam Hubbard Foundation Cincinnati, OH | General Contribution | $55,000 |
| St Vincente De Paul of Northern Kentucky Covington, KY | General Contribution | $50,000 |
| Navigators Colorado Springs, CO | General Contribution | $15,000 |
| The Lit Movement Cincinnati, OH | General Contribution | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $45,034,321 | $44,378,261 | $8,525,077 |
| Revenue | $2,463,488 | $36,387,202 | $3,170,647 |
| Expenses | $1,803,643 | $534,019 | $503,004 |
| Qualifying Distributions | $1,695,230 | $503,500 | $484,000 |
| Net Investment Income | $2,243,789 | $359,404 | $163,821 |
| Distributable Amount | $2,353,199 | $538,283 | $297,740 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 5, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 24, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 18, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Dig Deeper Foundation Inc is led by Richard Newman, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard Newman
President
On filings since 2020
1 hr/week
No compensation reported
Justin Newman
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Meredith Newman
Secretary
On filings since 2020
1 hr/week
No compensation reported
Susan Newman
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Dig Deeper Foundation Inc
How much does Dig Deeper Foundation Inc give each year?
Dig Deeper Foundation Inc gave $1.7M across 27 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $504K across 15 grants.
What is Dig Deeper Foundation Inc's typical grant size?
Dig Deeper Foundation Inc's median grant in 2025 was $10,000, and its average grant was $62,757, across 27 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Dig Deeper Foundation Inc that year got $91K on average.
Where does Dig Deeper Foundation Inc give grants?
Dig Deeper Foundation Inc gives mostly in Kentucky: 75% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Ohio (14%) and Florida (7%). The most frequent recipient cities were Covington, KY (3 grants), Cincinnati, OH (3 grants), Burlington, KY (3 grants) and Florence, KY (2 grants).
Does Dig Deeper Foundation Inc give general operating support?
Yes: 100% of Dig Deeper Foundation Inc's 2025 grants with a stated purpose (27 of 27) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Dig Deeper Foundation Inc's largest grantees?
Dig Deeper Foundation Inc's largest 2025 grantees include Life Learning Center ($600,000), Happy Church ($465,000) and Master Provisions ($100,000), according to its 2025 IRS Form 990-PF. Together they received 69% of its itemized 2025 grant dollars.
How large is Dig Deeper Foundation Inc?
Dig Deeper Foundation Inc reported $45.0M in total assets on its 2025 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $2.4M (roughly 5% of its investment assets).
What is Dig Deeper Foundation Inc's EIN?
Dig Deeper Foundation Inc's EIN (Employer Identification Number) is 47-2252398. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Dig Deeper Foundation Inc by hand.
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