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New College Foundation Inc

Public charity · Grantmaker Sarasota, FL EIN: 59-0911744 Website

The mission of New College Foundation is to support the priorities of New College of Florida, Florida's designated honors college. This is accomplished by securing funds as a result of cultivating and stewarding individuals, foundations, and corporations and through the prudent management of assets.

Key facts about New College Foundation Inc

In short: New College Foundation Inc gave $3.1M across 1 grant in 2025 (avg $3.1M), mostly in Florida. Source: 2025 IRS Form 990.

EIN
59-0911744
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$3,108,611
Grants made (2025)
1
Average grant
$3,108,611
Median grant
$3,108,611
Total assets
$57,947,210
Primary geography
Florida (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$57.9M

+15.7% YoY

Annual Giving

$3.1M

+478.7% YoY

Grant Count

1

-66.7% YoY

Avg Grant Size

$3.1M

+1636.2% YoY

How New College Foundation Inc gives

  • Giving grew 415% from 2022 to 2025. Method

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

About New College Foundation Inc

Based on IRS filings

New College Foundation Inc is a public charity focused on Education, based in Sarasota, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $57.9M in total assets. In 2025, it awarded 1 grant totaling $3.1M. Net investment income was $8.3M.

Focus Areas

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9 open opportunities from New College Foundation Inc

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of the 2025 grant dollars on its one itemized grant.

Cities

SarasotaSkillman

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M3 grants2019 4 grants2020 4 grants2021 4 grants2022 3 grants2023 3 grants2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $388K (2023) to $3.1M (2025). In 2025 it made 1 grant totaling $3.1M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

New College of Florida: $3.1MNew College of Florida$3.1M

The largest 2025 recipient was New College of Florida ($3.1M).

Grant Size Distribution

15 grants across all recorded years

1<$50K5$50–100K6$100–250K1$250–500K$500K–1M2$1–5M$5M+

The most common grant size was in the $100–250K range: 6 grants of 15 (40%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
New College of Florida Sarasota, FLTo support New College of Florida via scholarships, education programs, and faculty training$3,108,611

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$5M$10M$15M$20M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$57,947,210$50,064,126$49,806,812
Revenue$14,077,675$2,007,354$4,698,283
Expenses$4,901,556$4,961,286$5,938,762
Net Investment Income$8,313,578$-261,406$1,580,915

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS February 21, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS February 25, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS December 20, 2021)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS February 7, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS March 5, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS January 17, 2025)
  7. Updated Form 990 for fiscal year 2025 (received by the IRS December 11, 2025)
  8. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

New College Foundation Inc is led by Sydney Gruters, Ncf Executive Director since 2025 (on filings since 2024); 1 of 18 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Sydney Gruters

    Ncf Executive Director

    Executive Director → Ncf Executive Director, 2025

    On filings since 2024

    40 hrs/week

    $131K (2024) → $201K (2025)

  • Adam Kendall

    Chair

    Director → Vice Chair, 2023

    Vice Chair → Chair, 2024

    On filings since 2022

    1 hr/week

    No compensation reported

  • Debra Jenks

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Brian McCarthy

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Elizabeth Moore

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Greg Douglas

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Lance Karp

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Rob Bilott

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Alicja AJ Janson

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • David Smith

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Eric Robinson

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Joshua Ingram

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Mary Gratehouse

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Mike Rahn

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Stuart Clarry

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Christie Fitz-Patrick

    Treasurer & Chief of Staff New College

    Director → Treasurer & Chief of Staff New College, 2025

    On filings since 2024

    1 hr/week

    No compensation reported

  • James McDonald

    Vice Chair

    Director → Vice Chair, 2025

    On filings since 2024

    1 hr/week

    No compensation reported

  • JJ Fermin Miranda

    Secretary

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (55)
  • Former: Michael L. Foley (2020–2024) — Director Philanthropy - Former
  • Former: Monica Van Buskirk (2020–2024) — Secretary
  • Former: Susan Burns (2020–2024) — Director
  • Former: Larry Geimer (2022–2024) — Treasurer
  • Former: Benjamin Brown (2024) — Director
  • Former: Fermin Miranda (2024) — Director
  • Former: Hazel Bradford (2024) — Director
  • Former: Henry Smyth (2019–2023) — Director
  • Former: Maryanne Young (2019–2023) — Vice President of Advancement
  • Former: Nancy Winship (2019–2023) — Director
  • Former: Sue A. Jacobson (2019–2023) — Director
  • Former: Glenn P. Hendrix (2020–2023) — Director
  • Former: Janene Amick (2020–2023) — Director
  • Former: John F. Schlegel (2020–2023) — Director
  • Former: Kevin Hughes (2020–2023) — Associate Vice President Advancement
  • Former: Ronald P. McDonough (2020–2023) — Director of Finance & Comptroller
  • Former: Dan Stults (2021–2023) — Chair
  • Former: Declan Sheehy (2022–2023) — Director Philanthropy
  • Former: Marcia Crawley (2022–2023) — Director Philanthropy
  • Former: Margee Ensign (2022–2023) — Director
  • Former: Caitlyn Sanderson (2023) — Director of Prospect Management
  • Former: Matthew Spalding (2023) — Director
  • Former: Alison Gardner (2019–2022) — Chair
  • Former: Charlene Lenger (2019–2022) — Director
  • Former: Christine Jennings (2019–2022) — Director
  • Former: Francine Blum (2019–2022) — Director
  • Former: John W. Bean (2019–2022) — Director
  • Former: Karin Gustafson (2019–2022) — Director
  • Former: Ray Burgman (2019–2022) — 1st Vice Chair
  • Former: Renee Hamad (2019–2022) — Director
  • Former: Sharon Landesman Ramey (2019–2022) — Director
  • Former: Beverly Bartner (2020–2022) — Director
  • Former: Charles F. Raeburn (2020–2022) — Director
  • Former: George Quarterman (2020–2022) — Secretary
  • Former: Mary Ruiz (2021–2022) — Director
  • Former: Esther Barazzone (2022) — Director
  • Former: Lori Ferguson (2022) — Director
  • Former: Charles H. Hamilton (2019–2021) — Director
  • Former: Robert E. Turffs (2019–2021) — Director
  • Former: Felice Schulaner (2019–2020) — Director
  • Former: George Augustin (2019–2020) — Treasurer
  • Former: Steve Jacobson (2020) — Director
  • Former: Bj Creighton (2019) — Director -
  • Former: Cindy Hill (2019) — Director
  • Former: David Lipsey (2019) — Director
  • Former: Jonathan Smiga (2019) — Director
  • Former: Kathy Coffee (2019) — Director -
  • Former: Kenneth Misemer (2019) — Director
  • Former: Kim Vickers (2019) — Assistant Director
  • Former: Michael Pender (2019) — Director -
  • Former: Patrick Hennigan (2019) — Director -
  • Former: Robert Lincoln (2019) — Treasurer
  • Former: Ron P. McDonough (2019) — Director of Finance
  • Former: Thomas White (2019) — Director
  • Former: Vicki Raeburn (2019) — Director -

Data from IRS Form 990 filings, 2019–2025. "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

Sydney Gruters — NCF Executive Director: $201KSydney GrutersNCF Executive Director$201K

The highest reported compensation on the 2025 filing was $201K, to Sydney Gruters (NCF Executive Director).

Frequently asked questions about New College Foundation Inc

How much does New College Foundation Inc give each year?

New College Foundation Inc gave $3.1M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $537K across 3 grants.

How large is New College Foundation Inc?

New College Foundation Inc reported $57.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $14.1M.

What is New College Foundation Inc?

New College Foundation Inc is a public charity focused on Education, based in Sarasota, FL. It holds $57.9M in total assets as of 2025.

Where does New College Foundation Inc operate?

New College Foundation Inc has awarded grants in Florida, New Jersey.

What is New College Foundation Inc's EIN?

New College Foundation Inc's EIN (Employer Identification Number) is 59-0911744. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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