Harry H & Faye I Newman Scholarship Trust
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
Share of 2025 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2025 recipient was Shippensuburg University ($12K). Together the top 6 received $55K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 42 grants of 42 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shippensuburg University Shippensburg, PA | Education | $11,808 |
| St Vincent College Latrobe, PA | Education | $10,073 |
| West Virginia University Morgantown, WV | Education | $9,413 |
| Frostburg State University Frostburg, MD | Education | $8,782 |
| Indiana Wesleyan University Marion, IN | Education | $7,528 |
| Slippery Rock University Slippery Rockk, PA | Education | $7,396 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- 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
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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