Harry H & Faye I Newman Scholarship Trust

Private foundation · Grantmaker Hermitage, PA EIN: 20-3426026

Harry H & Faye I Newman Scholarship Trust is a private foundation, based in Hermitage, PA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.0M in total assets. In 2025, it awarded 6 grants totaling $55K. Net investment income was $163K.

Key facts about Harry H & Faye I Newman Scholarship Trust

In short: Harry H & Faye I Newman Scholarship Trust gave $55K across 6 grants in 2025 (avg $9K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.

EIN
20-3426026
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$55,000
Grants made (2025)
6
Average grant
$9,167
Median grant
$9,098
Total assets
$1,017,907
Primary geography
Pennsylvania (53% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.0M

+11.1% YoY

Annual Giving

$55K

+10.0% YoY

Grant Count

6

+0.0% YoY

Avg Grant Size

$9K

+10.0% YoY

Under IRS private-foundation payout rules, Harry H & Faye I Newman Scholarship Trust reported a distributable amount of $59K for 2025 — the minimum it must pay out in qualifying distributions.

How Harry H & Faye I Newman Scholarship Trust gives

  • Giving held roughly steady from 2022 to 2025 (−7%). Method
  • In 2025 it paid out 103% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

6states

Share of 2025 grant dollars across all 6 itemized grants.

Cities

FrostburgShippensburgBlacksburgHarrisonburgLatrobeMarionClarionClarks SummitCumberlandIrwinLynchburgPittsburghSomersetColumbusIndianaJohnstownMorgantownSlippery RockkUniversity Park

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K10 grants2021 9 grants2022 11 grants2023 6 grants2024 6 grants2025

From 2021 to 2025, annual grant giving ranged from $47K (2023) to $59K (2022). In 2025 it made 6 grants totaling $55K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Shippensuburg University: $12KShippensuburg University$12KSt Vincent College: $10KSt Vincent College$10KWest Virginia University: $9KWest Virginia University$9KFrostburg State University: $9KFrostburg State University$9KIndiana Wesleyan University: $8KIndiana Wesleyan University$8KSlippery Rock University: $7KSlippery Rock University$7K

The largest 2025 recipient was Shippensuburg University ($12K). Together the top 6 received $55K.

Grant Size Distribution

42 grants across all recorded years

42<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 42 grants of 42 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Shippensuburg University Shippensburg, PAEducation$11,808
St Vincent College Latrobe, PAEducation$10,073
West Virginia University Morgantown, WVEducation$9,413
Frostburg State University Frostburg, MDEducation$8,782
Indiana Wesleyan University Marion, INEducation$7,528
Slippery Rock University Slippery Rockk, PAEducation$7,396

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,017,907$916,250$894,832
Revenue$173,674$86,969$3,132
Expenses$71,602$65,572$61,361
Qualifying Distributions$60,712$55,263$51,539
Net Investment Income$162,963$12,900$11,382
Distributable Amount$58,761$56,853$53,834

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Harry H & Faye I Newman Scholarship Trust's only listed officer is First National Trust CO, Trustee on the 2025 filing (compensated).

Officers on the 2025 filing

  • First National Trust CO

    Trustee

    New on the 2025 filing

    1 hr/week

    $11K (2025)

Former officers (2)
  • Former: First National Trust Company Kilee Bomgardner (2024) — Trustee
  • Former: First National Trust Company Sharon Diable (2021–2023) — Trustee

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

First National Trust CO — Trustee: $11KFirst National Trust COTrustee$11K

The highest reported compensation on the 2025 filing was $11K, to First National Trust CO (Trustee).

Frequently asked questions about Harry H & Faye I Newman Scholarship Trust

How much does Harry H & Faye I Newman Scholarship Trust give each year?

Harry H & Faye I Newman Scholarship Trust gave $55K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 6 grants.

What is Harry H & Faye I Newman Scholarship Trust's typical grant size?

Harry H & Faye I Newman Scholarship Trust's median grant in 2025 was $9,098, and its average grant was $9,167, across 6 grants on its 2025 IRS Form 990-PF.

Where does Harry H & Faye I Newman Scholarship Trust give grants?

Harry H & Faye I Newman Scholarship Trust gives mostly in Pennsylvania: 53% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were West Virginia (17%) and Maryland (16%).

Does Harry H & Faye I Newman Scholarship Trust give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Harry H & Faye I Newman Scholarship Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (6 grants).

Who are Harry H & Faye I Newman Scholarship Trust's largest grantees?

Harry H & Faye I Newman Scholarship Trust's largest 2025 grantees include Shippensuburg University ($11,808), St Vincent College ($10,073) and West Virginia University ($9,413), according to its 2025 IRS Form 990-PF. Together they received 57% of its itemized 2025 grant dollars.

How large is Harry H & Faye I Newman Scholarship Trust?

Harry H & Faye I Newman Scholarship Trust reported $1.0M in total assets on its 2025 IRS Form 990-PF. It paid out $61K in qualifying distributions that year, against a required minimum of $59K (roughly 5% of its investment assets).

What is Harry H & Faye I Newman Scholarship Trust's EIN?

Harry H & Faye I Newman Scholarship Trust's EIN (Employer Identification Number) is 20-3426026. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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