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.
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
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Geographic Focus
Where this funder awards grants
The foundation's service area includes Connecticut, Massachusetts, and Tennessee.
Grant Distribution by State
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 |
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
250 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 include Booker T Washington Academy ($20,000), Columbus House Inc ($20,000), Boundless Literacy ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 10SELDEN WOODBRIDGE, CT | TO SUPPORT TRANSFORMATIVE PROGRAMS THAT STIMULATE CREATIVITY, BOOST SELF-ESTEEM, AND DEVELOP ESSENTIAL SKILLS. | $2,500 |
| ACHIEVEMENT FIRST NEW HAVEN, CT | TO SUPPORT ACHIEVEMENT FIRST'S NEW HAVEN SCHOOLS (ELM CITY COLLEGE PREP, AMISTAD ACADEMY) VIA A RENEWED GENERAL OPERATING GRANT FROM NEWALLIANCE FOUNDATION TO SUSTAIN OPERATIONS OF ACHIEVEMENT-GAP-CLOSING, COLLEGE-PREPARATORY, K-12 EDUCATIONAL PROGRAM. | $12,500 |
| APOSTLE IMMIGRANT SERVICES NEW HAVEN, CT | TO SUPPORT ASSISTANCE TO IMMIGRANTS IN OBTAINING BASIC NEEDS THROUGH IMMIGRATION LEGAL SERVICES AND FOOD DISTRIBUTION. | $5,000 |
| ARTS COUNCIL OF GREATER NEW HAVEN NEW HAVEN, CT | TO SUPPORT THE ARTS COUNCIL OF GREATER NEW HAVENS MAIN ORGANIZATIONAL PRIORITY TO MAKE STRIDES TOWARD A HEALTHIER ARTS AND CULTURE ECOSYSTEM IN THE GREATER NEW HAVEN REGION. | $5,000 |
| ARTS COUNCIL OF GREATER NEW HAVEN NEW HAVEN, CT | TO PROVIDE GENERAL OPERATING SUPPORT | $250 |
| ARTS FOR LEARNING CT HAMDEN, CT | TO SUPPORT AN EXPANDED COHORT OF HIGHER ORDER THINKING SCHOOLS PARTNER SCHOOLS IN THE REGION, PROVIDING CREATIVE, EVIDENCE-BASED, TEACHING AND LEARNING PROGRAMS AT 3 UNDERSERVED SCHOOLS IN 2024-25: CHURCH ST ELEMENTARY IN HAMDEN, ACES WINTERGREEN IN HAMDEN, AND ROBERTO CLEMENTE IN NEW HAVEN. | $5,000 |
| AUDUBON CT FAIRFIELD, CT | TO SUPPORT EDUCATIONAL OPPORTUNITIES THAT HELP HIGH SCHOOL STUDENTS ACQUIRE CORE ACADEMIC SKILLS NEEDED FOR STEM-FOCUSED HIGHER EDUCATION AND/OR CAREERS. | $4,000 |
| BEULAH HEIGHTS CHURCH NEW HAVEN, CT | TO SUPPORT UNDER ACHIEVING STUDENTS IN GRADES 1-5 WHO LOST ACADEMICALLY DURING THE PANDEMIC AT PARTNER SCHOOL, WEXLER- GRANT BY PROVIDING MATH AND READING ENRICHMENT THROUGH NEW HAVEN COUNTS. | $6,000 |
| BHCARE INC NEW HAVEN, CT | TO SUPPORT WARM, WELCOMING FURNISHINGS FOR CHILDREN'S BEHAVIORAL HEALTH CLINIC OPENING THIS FALL IN N. BRANFORD. | $3,000 |
| 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 |
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 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 June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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