New Place Fund Inc
New Place Fund Inc is a private foundation, based in Berkeley, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 17 grants totaling $77K. Net investment income was $56K.
Key facts about New Place Fund Inc
In short: New Place Fund Inc gave $77K across 17 grants in 2024 (avg $5K), mostly in California. 65% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 52-1698396
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $76,500
- Grants made (2024)
- 17
- Average grant
- $4,500
- Median grant
- $4,000
- New grantees (estimate)
- 65% first-time grantees (11 of 17, 2024)
- Total assets
- $1,332,029
- Primary geography
- California (59% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+2.7% YoY
Annual Giving
$77K
-14.0% YoY
Grant Count
17
-10.5% YoY
Avg Grant Size
$5K
-3.9% YoY
Under IRS private-foundation payout rules, New Place Fund Inc reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.
Is New Place Fund Inc open to new grantees?
65%
first-time grantees, 2024
In 2024, 11 of 17 grantees (65%) were first-time recipients. First grants averaged $4K; repeat grants $6K. How we count
Medians: $4K first-time, $5K repeat.
- 12% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+12%). Method
- In 2024 it paid out 125% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 17 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Pegasus Project Yakima, WA | Operations | $12,000 |
| Abundant Earth Foundation Mckinleyville, CA | operations | $7,500 |
| Concert Career Pathways Oakland, CA | Operations | $5,000 |
| Long Way Home Inc Bryan, TX | Operations | $5,000 |
| Windhorse Legacy ProjectWindhorse G Boulder, CO | operations | $4,000 |
| Berkeley Society Preservation Trad Berkeley, CA | Operations | $4,000 |
| Essential Information Inc Washington, DC | Operations | $4,000 |
| Central Oregon Locavore Bend, OR | Operations | $4,000 |
| Movement Strategy Center Oakland, CA | Operations | $4,000 |
| Callisto San Francisco, CA | Operations | $4,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,332,029 | $1,297,605 | $1,236,290 |
| Revenue | $75,598 | $73,506 | $48,745 |
| Expenses | $101,070 | $108,445 | $97,077 |
| Qualifying Distributions | $81,700 | $92,800 | $76,700 |
| Net Investment Income | $56,228 | $57,861 | $28,368 |
| Distributable Amount | $65,598 | $70,759 | $68,466 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
New Place Fund Inc is led by Andre Carothers, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Andre Carothers
President
On filings since 2020
0.5 hrs/week
No compensation reported
John Sellers
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Nicholas I Morgan
Treasurer
On filings since 2020
0.5 hrs/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 Place Fund Inc
How much does New Place Fund Inc give each year?
New Place Fund Inc gave $77K across 17 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $89K across 19 grants.
What is New Place Fund Inc's typical grant size?
New Place Fund Inc's median grant in 2024 was $4,000, and its average grant was $4,500, across 17 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from New Place Fund Inc that year got $4K on average.
Where does New Place Fund Inc give grants?
New Place Fund Inc gives mostly in California: 59% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Washington (16%) and Texas (7%). The most frequent recipient cities were Oakland, CA (3 grants) and San Francisco, CA (2 grants).
Does New Place Fund Inc give general operating support?
Not in 2024: none of the 17 grants with a stated purpose on New Place Fund Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (16 grants).
Who are New Place Fund Inc's largest grantees?
New Place Fund Inc's largest 2024 grantees include Pegasus Project ($12,000), Abundant Earth Foundation ($7,500) and Concert Career Pathways ($5,000), according to its 2024 IRS Form 990-PF. Together they received 32% of its itemized 2024 grant dollars.
How large is New Place Fund Inc?
New Place Fund Inc reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $82K in qualifying distributions that year, against a required minimum of $66K (roughly 5% of its investment assets).
What is New Place Fund Inc's EIN?
New Place Fund Inc's EIN (Employer Identification Number) is 52-1698396. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching New Place Fund Inc by hand.
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