NewCity Foundation
NewCity Foundation is a private foundation, based in Vienna, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $13.4M in total assets. In 2024, it awarded 3 grants totaling $1.8M. Net investment income was $309K.
NewCity Foundation at a glance
In short: NewCity Foundation gave $1.8M across 3 grants in 2024 (avg $613K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,840,000
- +1061.1% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $613,333
- +674.0% vs 2023
- Median grant
- $540,000
- Total assets
- $13,439,445
- -2.1% vs 2023
- Primary geography
- North Carolina (60% 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 NewCity Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Reformed Theological Seminary ($1.1M). Together the top 3 received $1.8M.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 6 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How NewCity Foundation gives
- In 2024 it paid out 238% of its IRS minimum distribution (the 5% rule). 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 2022 to 2024, annual grant giving ranged from $158K (2023) to $4.1M (2022). In 2024 it made 3 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Reformed Theological Seminary Charlotte, NC | Tuition | $1,100,000 |
| Tyler Dental Clinic Vienna, VA | For building costs | $540,000 |
| NewCity Church Vienna, VA | Operating Costs | $200,000 |
Ready to take the next step with NewCity Foundation?
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 | $13,439,445 | $2,918,058 | $1,917,837 | $1,840,000 | 3 | $1,840,000 | $308,751 | $773,477 |
| 2023 | $13,721,856 | — | $339,621 | $158,475 | 2 | — | $268,470 | — |
| 2022 | $16,751,136 | $3,999,604 | $4,264,975 | $4,057,573 | 1 | $4,057,573 | $140,472 | $794,228 |
| 2021 | $15,175,372 | $15,120,643 | $33,957 | — | — | — | $88,694 | $626,735 |
Under IRS private-foundation payout rules, NewCity Foundation reported a distributable amount of $773K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
NewCity Foundation is led by Peter Luke Gibson, Director & President on every filing since 2021; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Peter Luke Gibson
Director & President
On filings since 2021
16 hrs/week
No compensation reported
Gina Jeon
Director & Treasurer
On filings since 2021
8 hrs/week
No compensation reported
Paul Jin
Director & Secretary
On filings since 2021
8 hrs/week
No compensation reported
Steve Young
Director & Vice President
On filings since 2021
8 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 NewCity Foundation
How much does NewCity Foundation give each year?
NewCity Foundation gave $1.8M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $158K across 2 grants.
What is NewCity Foundation's typical grant size?
NewCity Foundation's median grant in 2024 was $540,000, and its average grant was $613,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does NewCity Foundation give grants?
NewCity Foundation gives mostly in North Carolina: 60% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (40%). The most frequent recipient cities were Vienna, VA (2 grants).
Does NewCity Foundation give general operating support?
Yes: 33% of NewCity Foundation's 2024 grants with a stated purpose (1 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is NewCity Foundation?
NewCity Foundation reported $13.4M in total assets on its 2024 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $773K (roughly 5% of its investment assets).
What is NewCity Foundation's EIN?
NewCity Foundation's EIN (Employer Identification Number) is 87-1842797. IRS Form 990 filing data is available on this page for 2021–2024.
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 2021–2024
Explore Open Grants
Browse active grant opportunities in NewCity Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Virginia
Van Devender Family Foundation William Van Devender Trustee
Jackson, MS
The Van Devender Family Foundation supports schools, churches and ministries, health organizations, and housing or community initiatives, primarily in Mississippi. Its 2025 grants ranged from $200 to $202,500, with a median of $5,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$137K
Grants
47
Total Given
$760K
Luke 1248 Foundation Inc
Easley, SC
The Easley, South Carolina foundation supports charitable organizations and individuals, with 2025 grants spanning education, religious, legal-advocacy, humanitarian, hardship, and medical needs. Its 12 grants totaled $68,390, ranging from $300 to $10,100 (median $5,500), and went to recipients in multiple states, especially Florida, Oregon, Mississippi, Arizona, and South Carolina. It accepts no unsolicited funding requests and contributes only to preselected organizations.
Assets
$726K
Grants
12
Total Given
$68K
East Tennessee Foundation
Knoxville, TN
The East Tennessee Foundation supports nonprofits and public entities through grants and scholarships, with competitive funding for areas including affordable housing, youth, racial justice, women and children, health, arts, and community needs. Its competitive programs generally serve 25 East Tennessee counties; in 2024, its median itemized grant was $17,316.
Assets
$282.5M
Grants
298
Total Given
$14.4M
Dorsey J Barefield Charitable
Pearl, MS
The foundation supports charitable organizations, including schools, service organizations, and cultural organizations, with most of its giving in Mississippi. Its 2025 grants ranged from $1,000 to $10,000, with a median of $4,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$1.1M
Grants
20
Total Given
$80K
Ewing Family Foundation
Arlington, VA
The Ewing Family Foundation supports a broad range of charitable organizations, including churches, arts and cultural groups, human services, education, and conservation; its 2025 grants ranged from $500 to $12,000, with a median of $2,000. It is based in Arlington, Virginia, and its 2025 giving was concentrated in Colorado, New York, Virginia, Texas, and Maryland. The filing lists a written request as application material, but does not explicitly state whether unsolicited requests are accepted.
Assets
$1.1M
Grants
43
Total Given
$148K
Thomas Garrott Foundation
Orlando, FL
The Thomas Garrott Foundation supports charitable organizations working in areas including counseling, children and families, education, ministry, and the arts; its 2025 grants ranged from $100 to $125,000, with a median of $2,250. Most funding went to Tennessee, followed by Florida. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$15.7M
Grants
60
Total Given
$895K
More similar funders
More Funders in Virginia
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from NewCity Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
NewCity Foundation down — hundreds of funders to go?