NewCity Foundation
NewCity Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $733K in total assets. In 2024, it awarded 24 grants totaling $177K. Net investment income was $32K.
Key facts about NewCity Foundation
- EIN
- 06-1475198
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $177,250
- Grants made (2024)
- 24
- Average grant
- $7,385
- Median grant
- $4,500
- New grantees (estimate)
- 0% first-time grantees (0 of 14, 2024)
- Total assets
- $732,557
- Primary geography
- Connecticut (99% 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 NewCity Foundation funds
By grant dollars, the top recipient states for NewCity Foundation's 24 itemized 2024 grants were Connecticut (99%). The most frequent recipient cities were New Haven, CT (8 grants), Southport, CT (3 grants), Westport, CT (3 grants) and Fairfield, CT (3 grants). 58% of grants with a stated purpose were for general or operating support.
Is NewCity Foundation open to new grantees?
0%
first-time grantees, 2024
In 2024, 0 of 14 grantees (0%) were first-time recipients. How we count
- 93% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−17%). Method
- In 2024 it paid out 449% 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.
Next steps with NewCity Foundation
- How to evaluate NewCity Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$733K
-17.5% YoY
Annual Giving
$177K
-13.1% YoY
Grant Count
24
-20.0% YoY
Avg Grant Size
$7K
+8.6% YoY
Under IRS private-foundation payout rules, NewCity Foundation reported a distributable amount of $41K for 2024 — the minimum it must pay out in qualifying distributions.
About NewCity Foundation
Based on IRS filings
NewCity Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $733K in total assets. In 2024, it awarded 24 grants totaling $177K. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 24 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $732,557 | $887,629 | $1,016,419 |
| Revenue | $37,857 | $91,631 | $66,750 |
| Expenses | $192,929 | $220,421 | $202,822 |
| Qualifying Distributions | $185,730 | $212,674 | $194,617 |
| Net Investment Income | $31,658 | $85,049 | $58,845 |
| Distributable Amount | $41,346 | $43,332 | $52,310 |
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
172 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Hopkins School Incorporated ($75,000 across 4 grants), The Southport School Inc ($38,000 across 3 grants), Earthplace the Nature Discovery Center Inc ($21,000 across 3 grants).
| Recipient | Purpose | Amount |
|---|---|---|
| HOPKINS SCHOOL INCORPORATED New Haven, CT | Performing Arts Center | $30,000 |
| THE SOUTHPORT SCHOOL INC Southport, CT | Annual Fund | $30,000 |
| HOPKINS SCHOOL INCORPORATED New Haven, CT | the Hopkins Annual Fund | $20,000 |
| HOPKINS SCHOOL INCORPORATED New Haven, CT | Performing Arts Center | $20,000 |
| ACHIEVEMENT FIRST INC New Haven, CT | General & Unrestricted | $15,000 |
| EARTHPLACE THE NATURE DISCOVERY CENTER INC Westport, CT | General & Unrestricted | $10,000 |
| EARTHPLACE THE NATURE DISCOVERY CENTER INC Westport, CT | Annual Payment on Capital Campaign Pledge | $10,000 |
| HOPKINS SCHOOL INCORPORATED New Haven, CT | The Hopkins Fund | $5,000 |
| LEADERSHIP EDUCATION AND ATHLETICS IN PARTNERSHIP New Haven, CT | General & Unrestricted | $5,000 |
| SACRED HEART UNIVERSITY Fairfield, CT | Scholarship Fund | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marissa V G Ferguson | Trustee | 1 | — |
| Richard A Ferguson | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is NewCity Foundation?
NewCity Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $733K in total assets as of 2024.
How large is NewCity Foundation?
As of 2024, NewCity Foundation holds $733K in total assets with $38K in annual revenue. It awarded 24 grants totaling $177K in 2024.
Where does NewCity Foundation operate?
NewCity Foundation has awarded grants in Connecticut, Massachusetts, Maryland, Maine, New York, Vermont.
What size grants does NewCity Foundation award?
In 2024, NewCity Foundation awarded 24 grants totaling $177K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is NewCity Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, NewCity Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is NewCity Foundation's EIN?
NewCity Foundation's EIN (Employer Identification Number) is 06-1475198. 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.