New Roads Foundation
New Roads Foundation is a private foundation, based in Los Angeles, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $578K in total assets. In 2024, it awarded 1 grant totaling $8K. Net investment income was $24K.
New Roads Foundation at a glance
In short: New Roads Foundation gave $8K across 1 grant in 2024 (avg $8K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $7,500
- +275.0% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $7,500
- +275.0% vs 2023
- Median grant
- $7,500
- Total assets
- $577,920
- +2.9% vs 2023
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who New Roads Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Colorado Horse Rescue Network ($8K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How New Roads Foundation gives
- Giving grew 275% from 2021 to 2024. Method
- In 2024 it paid out 27% 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 $2K (2021) to $94K (2022). In 2024 it made 1 grant totaling $8K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Colorado Horse Rescue Network Rush, CO | General Charities 501(C)(3) Organization | $7,500 |
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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 | $577,920 | $23,966 | $7,625 | $7,500 | 1 | $7,500 | $23,966 | $27,868 |
| 2023 | $561,579 | $18,571 | $2,125 | $2,000 | 1 | $2,000 | $18,571 | $26,742 |
| 2022 | $545,133 | $1,316 | $94,350 | $94,250 | 1 | $94,250 | $1,316 | $30,913 |
| 2021 | $638,167 | $67 | $2,125 | $2,000 | 1 | $2,000 | $67 | $31,557 |
| 2020 | $640,225 | $345 | $50,860 | $50,750 | 1 | — | $345 | $33,740 |
Under IRS private-foundation payout rules, New Roads Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
New Roads Foundation's 2024 filing lists 6 officers; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jesse Diamond
Trustee
On filings since 2020
No compensation reported
Marjorie Diamond
Trustee
On filings since 2020
No compensation reported
Micah Diamond
Trustee
On filings since 2020
No compensation reported
Neil Diamond
Trustee
On filings since 2020
No compensation reported
Todd E. Gelfand
Trustee
On filings since 2020
No compensation reported
Elyn Diamond
Trustee
On filings since 2023
No compensation reported
Former officers (1)
- Former: Elyn Resnick (2020–2022) — Trustee
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 Roads Foundation
How much does New Roads Foundation give each year?
New Roads Foundation gave $8K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 1 grant.
How large is New Roads Foundation?
New Roads Foundation reported $578K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $28K (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.
Where does New Roads Foundation operate?
New Roads Foundation has awarded grants in California, Colorado.
What is New Roads Foundation's EIN?
New Roads Foundation's EIN (Employer Identification Number) is 13-6327069. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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