New Challenge Foundation
New Challenge Foundation is a private foundation, based in Orange, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $282K in total assets. In 2024, it awarded 7 grants totaling $8K. Net investment income was $15K.
New Challenge Foundation at a glance
In short: New Challenge Foundation gave $8K across 7 grants in 2024 (avg $1K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,500
- -9.6% vs 2023
- Grants made (2024)
- 7
- -12.5% vs 2023
- Average grant
- $1,071
- +3.3% vs 2023
- Median grant
- $500
- Total assets
- $282,347
- -1.8% vs 2023
- Primary geography
- California (91% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who New Challenge Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Phoenix Children's Foundation ($500). Together the top 4 received $1K.
Organizations only. It also paid 3 individual scholarships ($6,500), which are not listed by name.
Grant Size Distribution
62 grants across all recorded years
The most common grant size was under $50K: 62 grants of 62 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How New Challenge Foundation gives
- Giving fell 29% from 2021 to 2024. Method
- In 2024 it paid out 53% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2024) to $14K (2022). In 2024 it made 7 grants totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $6,500 |
| Phoenix Children's Foundation Phoenix, AZ | General Support | $500 |
| Cross Catholic Outreach Boca Raton, FL | General Support | $200 |
| South Bay Community Services Chula Vista, CA | General Support | $200 |
| International Community Foundation National City, CA | General Support | $100 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $282,347 | $20,197 | $25,333 | $7,500 | 7 | $7,500 | $15,197 | $14,212 |
| 2023 | $287,483 | $81,174 | $25,532 | $8,300 | 8 | $8,300 | $18,174 | $12,520 |
| 2022 | $231,841 | $76,121 | $13,995 | $13,700 | 14 | $13,700 | $13,121 | $9,714 |
| 2021 | $169,715 | $50,845 | $10,789 | $10,550 | 15 | $10,550 | $11,845 | $7,616 |
| 2020 | $129,659 | $49,123 | $11,499 | $11,350 | 18 | — | $7,705 | $5,409 |
Under IRS private-foundation payout rules, New Challenge Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
New Challenge Foundation is led by Jeffrey C. Mortis, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Jeffrey C. Mortis
President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 New Challenge Foundation
How much does New Challenge Foundation give each year?
New Challenge Foundation gave $8K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8K across 8 grants.
What is New Challenge Foundation's typical grant size?
New Challenge Foundation's median grant in 2024 was $500, and its average grant was $1,071, across 7 grants on its 2024 IRS Form 990-PF.
Where does New Challenge Foundation give grants?
New Challenge Foundation gives mostly in California: 91% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Arizona (7%).
Does New Challenge Foundation give general operating support?
Yes: 57% of New Challenge Foundation's 2024 grants with a stated purpose (4 of 7) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarship" (3 grants).
Who are New Challenge Foundation's largest grantees?
New Challenge Foundation's largest 2024 grantees include Phoenix Children's Foundation ($500), Cross Catholic Outreach ($200) and South Bay Community Services ($200), according to its 2024 IRS Form 990-PF. It also paid 3 individual scholarships ($6,500), which are not listed by name. Together they received 12% of its itemized 2024 grant dollars.
How large is New Challenge Foundation?
New Challenge Foundation reported $282K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $14K (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 New Challenge Foundation's EIN?
New Challenge Foundation's EIN (Employer Identification Number) is 47-2412290. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- IRS filings on file for fiscal years 2020–2024
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