Max & Gertrude Charles & Phyllis Newman
Max & Gertrude Charles & Phyllis Newman is a private foundation focused on religion, based in Scottsdale, AZ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.6M in total assets. In 2025, it awarded 2 grants totaling $104K. Net investment income was $114K.
Key facts about Max & Gertrude Charles & Phyllis Newman
In short: Max & Gertrude Charles & Phyllis Newman gave $104K across 2 grants in 2025 (avg $52K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- EIN
- 41-1857341
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $103,886
- Grants made (2025)
- 2
- Average grant
- $51,943
- Median grant
- $51,943
- Total assets
- $3,649,389
- Primary geography
- Minnesota (95% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.6M
+13.9% YoY
Annual Giving
$104K
-2.4% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$52K
+46.4% YoY
Under IRS private-foundation payout rules, Max & Gertrude Charles & Phyllis Newman reported a distributable amount of $166K for 2025 — the minimum it must pay out in qualifying distributions.
How Max & Gertrude Charles & Phyllis Newman gives
- Giving held roughly steady from 2022 to 2025 (−18%). Method
- In 2025 it paid out 62% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $101K (2020) to $129K (2023). In 2025 it made 2 grants totaling $104K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Adath Jeshurun Fnd ($99K). Together the top 2 received $104K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 10 grants of 15 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Adath Jeshurun Fnd Minnetonka, MN | Charity | $98,886 |
| Arizona Humane Society Phoenix, AZ | Charity | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,649,389 | $3,203,786 | $2,884,932 |
| Revenue | $154,213 | $82,011 | $82,231 |
| Expenses | $145,590 | $150,011 | $176,188 |
| Qualifying Distributions | $103,886 | $106,432 | $176,188 |
| Net Investment Income | $114,186 | $38,432 | $82,231 |
| Distributable Amount | $166,291 | — | $195,553 |
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 October 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS December 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 26, 2025)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 16, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Max & Gertrude Charles & Phyllis Newman is led by Charles J. Newman, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Charles J. Newman
President
On filings since 2020
No compensation reported
Former officers (3)
- Former: Bernard Goldblatt (2020) — Director
- Former: Lauren Epshteyn (2020) — Director
- Former: Phyllis J. Newman (2020) — Officer
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 Max & Gertrude Charles & Phyllis Newman
How much does Max & Gertrude Charles & Phyllis Newman give each year?
Max & Gertrude Charles & Phyllis Newman gave $104K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $106K across 3 grants.
How large is Max & Gertrude Charles & Phyllis Newman?
Max & Gertrude Charles & Phyllis Newman reported $3.6M in total assets on its 2025 IRS Form 990-PF. It paid out $104K in qualifying distributions that year, against a required minimum of $166K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Max & Gertrude Charles & Phyllis Newman?
Max & Gertrude Charles & Phyllis Newman is a private foundation focused on religion, based in Scottsdale, AZ. It holds $3.6M in total assets as of 2025.
Where does Max & Gertrude Charles & Phyllis Newman operate?
Max & Gertrude Charles & Phyllis Newman has awarded grants in Alabama, Arizona, California, Minnesota, New York.
What is Max & Gertrude Charles & Phyllis Newman's EIN?
Max & Gertrude Charles & Phyllis Newman's EIN (Employer Identification Number) is 41-1857341. 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.
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