Newalliance Foundation Inc
NewAlliance Foundation is a private foundation based in New Haven, Connecticut, established in 2005. The foundation enhances literacy for low-income children and supports community organizations advancing education and equity across multiple focus areas.
Key facts about Newalliance Foundation Inc
- EIN
- 56-2453619
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $994,060
- Grants made (2024)
- 144
- Average grant
- $6,903
- Median grant
- $5,000
- New grantees (estimate)
- 25% first-time grantees (34 of 134, 2024)
- Total assets
- $32,235,093
- Primary geography
- Connecticut (98% 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).
Who Newalliance Foundation Inc funds
By grant dollars, the top recipient states for Newalliance Foundation Inc's 144 itemized 2024 grants were Connecticut (98%). The most frequent recipient cities were New Haven, CT (85 grants), Hamden, CT (6 grants), Hartford, CT (6 grants) and Branford, CT (4 grants). 20% of grants with a stated purpose were for general or operating support.
Is Newalliance Foundation Inc open to new grantees?
25%
first-time grantees, 2024
In 2024, 34 of 134 grantees (25%) were first-time recipients. First grants averaged $5K; repeat grants $8K. How we count
Medians: $4K first-time, $7K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (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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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$32.2M
+5.4% YoY
Annual Giving
$994K
+0.1% YoY
Grant Count
144
+2.9% YoY
Avg Grant Size
$7K
-2.6% YoY
Under IRS private-foundation payout rules, Newalliance Foundation Inc reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports nonprofit and charitable organizations that promote:
- Arts — Programs designed to inspire artistic expression, reach underserved populations, and utilize the arts as a tool to improve academic performance, educational outcomes, and literacy
- Community Development — Initiatives that foster economic self-sufficiency through job readiness skills, employment preparedness, and literacy; programs that promote community stability through economic development initiatives
- Health & Human Services — Programs that improve health outcomes and social services
- Youth & Education — Educational programs for youth development and success
Grantmaking
Grant Range
$50–$27,500
Average Grant
approximately $7,900
Ready to take the next step with Newalliance Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation's service area includes Connecticut, Massachusetts, and Tennessee.
Grant Distribution by State
Share of all 144 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $32,235,093
- Total revenues: $1,162,125
- Total expenses: $1,753,072
- Total giving: $994,060
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,235,093 | $30,587,601 | $28,311,311 |
| Revenue | $1,162,125 | $787,292 | $1,142,529 |
| Expenses | $1,753,072 | $1,852,069 | $1,896,426 |
| Qualifying Distributions | $1,555,366 | $1,533,058 | $1,691,602 |
| Net Investment Income | $975,423 | $480,117 | $936,447 |
| Distributable Amount | $1,547,922 | $1,440,026 | $1,474,438 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
736 grants across all recorded years
Open Grants
2 open opportunities from Newalliance Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Friends Center for Children ($27,500 across 2 grants), CT Center for Arts and Technology ($25,000 across 2 grants), New Haven Reads ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW HAVEN READS New Haven, CT | TO SUPPORT THE FREE LITERACY PROGRAMS AND COMMUNITY BOOK BANK AT NEW HAVEN READS. THIS FUNDING WOULD HELP EMPOWER OVER 420 ASPIRING READERS FROM GREATER NEW HAVEN IN THE 2024-25 SCHOOL YEAR IN ONE-ON-ONE TUTORING AND SUPPORT THE DISTRIBUTION OF OVER 85,000 BOOKS TO BUILD HOME LIBRARIES. | $25,000 |
| BOOKER T WASHINGTON ACADEMY New Haven, CT | TO SUPPORT THE DIFFERENTIATED NEEDS IN THE AREAS OF TEACHER CONTENT KNOWLEDGE AND STUDENT SKILLS IN THE AREA OF LITERACY WHICH HAVE BEEN EXACERBATED BY THE EDUCATIONAL IMPACT OF THE GLOBAL PANDEMIC. | $20,000 |
| COLUMBUS HOUSE INC New Haven, CT | TO SUPPORT COLUMBUS HOUSES NEW HAVEN SHELTER PROGRAM ON ELLA T. GRASSO BOULEVARD WHICH PROVIDES 83 BEDS, BASIC NEEDS, AND CASE MANAGEMENT SERVICES FOR ADULT MEN AND WOMEN 365 DAYS PER YEAR. | $20,000 |
| LEADERSHIP EDUCATION AND ATHLETICS IN PARTNERSHIP New Haven, CT | THE REQUESTED FUNDS WILL BE USED TO SUPPORT LEAP'S FREE AFTER-SCHOOL AND SUMMER ACADEMIC AND ENRICHMENT PROGRAMMING FOR LOW-INCOME NEW HAVEN CHILDREN AGES 7-12, AND LEADERSHIP TRAINING FOR YOUTH AGES 13-24 WHO PROVIDE DIRECT SERVICES TO LEAP CHILDREN. | $20,000 |
| MUSIC HAVEN New Haven, CT | TO SUPPORT RESIDENT MUSICIANS' SALARIES AND TO RETAIN LONG-TERM TEACHERS WHO WORK WITH STUDENTS FROM EARLY ELEMENTARY THROUGH HIGH SCHOOL GRADUATION. | $20,000 |
| NEW REACH New Haven, CT | TO SUPPORT EMERGENCY SHELTER PROGRAM, WHICH PROVIDES SAFE REFUGE FOR 300 WOMEN AND CHILDREN EACH YEAR. | $20,000 |
| PROJECT ACCESS OF NEW HAVEN New Haven, CT | TO SUPPORT PATIENT NAVIGATOR AND COMMUNITY HEALTH WORKER SERVICES THAT CONNECT UNDERSERVED GREATER NEW HAVEN RESIDENTS WITH FREE MEDICAL CARE THROUGH AN EXTENSIVE VOLUNTEER PROVIDER NETWORK AND RESOURCES TO ADDRESS HEALTH-RELATED SOCIAL NEEDS. | $20,000 |
| ST MARTIN DE PORRES New Haven, CT | TO SUPPORT GRADUATE SUPPORT PROGRAM WHICH PROVIDES PREPARATION, GUIDANCE AND RESOURCES TO REMOVE BARRIERS AND OBSTACLES TO ALLOW STUDENTS TO ACCESS, ATTEND AND GRADUATE FROM HIGH SCHOOL AND COLLEGE. | $20,000 |
| NEW HAVEN SYMPHONY ORCHESTRA New Haven, CT | TO SUPPORT NHSOS GENERAL OPERATIONS DURING THE 2024-2025 SEASON. | $17,600 |
| FRIENDS CENTER FOR CHILDREN New Haven, CT | TO SUPPORT THE RETROFIT AND STOCKING OF NEW MOBILE LIBRARY AND TEACHER LEARNING HUB. | $17,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Directors:
- Robert J. Lyons, Jr., Chair — Retired President & Chief Executive Officer, The Bilco Company
- Alexis H. Smith, Vice-Chair — Executive Director, New Haven Legal Assistance Association
- Paul A. McCraven, Secretary/Treasurer — President and CEO, ConnCORP Holdings, LLC
- Michael T. Angelini — Vice President for Treasury, Yale New Haven Health
- Wildaliz Bermúdez — Executive Director of the Fair Rent Commission, City of New Haven
- Alan H. Bowie, Jr. — Senior Counsel, Simon & Schuster
- Marjorie Bussmann Gillis, Ed.D. — President, Literacy How, Inc.
- Toni N. Harp — Board Chair/Co-founder, Impact CT; Mayor of New Haven 2014–2020
- Dr. Dorsey L. Kendrick — Retired President, Gateway Community College
- David I. Newton — President, Elm Advisors, LLC
- Liza Janssen Petra — Executive Director, The Guilford Foundation Branford Community Foundation
- Fahd Vahidy — Philanthropic Advisor to Bill Graustein
Staff:
- Darcey Cobbs-Lomax — Executive Director (effective February 16, 2026), formerly Executive Director of the Office of Health Equity & Community Impact at Yale New Haven Health System and previously Executive Director of Project Access of New Haven
The foundation operates with 2 employees.
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert J Lyons Jr | Director, Chair | 1 | — |
| Alexis H Smith | Director, Vice Chair | 1 | — |
| Paul a McCraven | Director, Secretary, Treasurer | 1 | — |
| Fred Acquavita | Director | 1 | — |
| Michael T Angelini | Director | 1 | — |
| Wildaliz Bermudez | Director (Began 05/06/2024) | 1 | — |
| John-Paul Chaissan-Cardenas | Director (Began 05/06/2024) | 1 | — |
| Marjorie Bussmann Gillis Ed D | Director | 1 | — |
| D Anthony Guglielmo | Director | 1 | — |
| Dr Dorsey L Kendrick | Director | 1 | — |
| David I Newton | Director | 1 | — |
| Fahd Vahidy | Director | 1 | — |
| Maryann Ott | Executive Director | 40 | $167,752 |
Recent News & Activity
Recent developments and announcements
NewAlliance Foundation appointed Darcey Cobbs-Lomax as Executive Director, effective February 16, 2026, succeeding Maryann Ott
NewAlliance Foundation Announces New Executive Director | New Haven, CT PatchCornell Scott-Hill Health Center received a $10,000 grant to advance innovation and health equity, supporting a newly launched endowment fund
Cornell Scott-Hill Health Center Earns $10,000 Grant from NewAlliance FoundationGreenStage received a grant for the second consecutive year
NewAlliance Foundation Awards GreenStage Grant for Second YearFrequently Asked Questions
What does Newalliance Foundation Inc fund?
The foundation supports nonprofit and charitable organizations that promote: • **Arts** — Programs designed to inspire artistic expression, reach underserved populations, and utilize the arts as a tool to improve academic performance, educational outcomes, and literacy • **Community Development** — Initiatives that foster economic self-sufficiency through job readiness skills, employment preparedness, and literacy; programs that promote community stability through economic development initiativ…
How do I apply for a grant from Newalliance Foundation Inc?
**Grant Characteristics:** • Typical grant range: $50–$27,500 • Median grant size: approximately $5,000–$5,900 • Average grant size: approximately $7,900 • Recent grant activity: 139–144 grants documented in recent filings **Key Programs:** **"READy for the Grade"** — A multi-year public library summer reading initiative designed to prepare K-3 children for grade-level reading by stemming summer reading loss affecting children from low-income families. In 2024, six libraries participated in the…
Where does Newalliance Foundation Inc make grants?
The foundation's service area includes Connecticut, Massachusetts, and Tennessee.
What size grants does Newalliance Foundation Inc award?
In 2024, Newalliance Foundation Inc awarded 144 grants totaling $994K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Newalliance Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Newalliance Foundation Inc reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Newalliance Foundation Inc's EIN?
Newalliance Foundation Inc's EIN (Employer Identification Number) is 56-2453619. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.