Newday USA Foundation Inc
Newday USA Foundation Inc is a private foundation based in Fulton, Maryland. It is the philanthropic arm of NewDay USA, a Veteran mortgage lender, and supports Veteran organizations, educational initiatives, and community-building efforts.
Newday USA Foundation Inc at a glance
In short: Newday USA Foundation Inc gave $1.1M across 13 grants in 2024 (avg $88K), mostly in Georgia. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,147,711
- +158.3% vs 2023
- Grants made (2024)
- 13
- +8.3% vs 2023
- Average grant
- $88,285
- +138.4% vs 2023
- Median grant
- $15,000
- Total assets
- $823,087
- -56.2% vs 2023
- New grantees (estimate)
- 40% first-time grantees (4 of 10, 2024; small sample)
- Primary geography
- Georgia (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Newday USA Foundation Inc
- How to Apply
-
The foundation does not restrict giving to preselected organizations. Requests should be sent to Robert I Posner as a written request detailing the use of the requested funds. The filing states there are no deadlines and no restrictions on awards.
- Contact
Application contact: Robert I Posner
Mailing address: 8115 Maple Lawn Blvd Suite 400, Fulton, MD 20759
Phone: (410) 244-7499
Website: https://newdayusa.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Newday USA Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Georgia Military College Foundation Inc ($500K). Together the top 9 received $842K.
Organizations only. It also paid 4 individual scholarships ($306,111), which are not listed by name.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was under $50K: 65 grants of 79 (82%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars were distributed among recipients in Georgia (69%), Florida (19%), New York (9%), Maryland (1%), and South Carolina (1%).
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
States
Cities
Is Newday USA Foundation Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 4 of 10 grantees (40%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $78K; repeat grants $140K. How we count
Medians: $100K first-time, $13K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+20%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $444K (2023) to $1.1M (2024). In 2024 it made 13 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Georgia Military College Foundation Inc Milledgeville, GA | Annual Installment - Three of Four | $500,000 |
| 4 individual scholarships Recipients not named | — | $306,111 |
| Friends of Israel Defense Forces New York, NY | General Donation - Installment 1 | $100,000 |
| Palm Beach Orthodox Synagogue Palm Beach, FL | Hebrew School Donation | $100,000 |
| Solomon Institute Inc Palm Beach, FL | General Donation | $100,000 |
| Admiral Farragut Academy St Petersburg, FL | Scholarship - Tuition Payments | $15,000 |
| Camden Military Academy Camden, SC | Scholarship - 2024-2025 Tuition Payment | $10,000 |
| Jerusalem Baptist Church Manakin Sabot, VA | Scholarship | $10,000 |
| Association of Military Colleges and Schools of the United States Arnold, MD | 2024 Annual Conference Sponsor | $4,600 |
| Missouri Military Academy Mexico, MO | Scholarhip - Tuition Payment | $2,000 |
Ready to take the next step with Newday USA Foundation Inc?
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 | $823,087 | $89,898 | $1,148,111 | $1,147,711 | 13 | $1,147,711 | $72,398 | $55,479 |
| 2023 | $1,881,300 | $199,313 | $444,655 | $444,344 | 12 | $444,344 | $37,021 | $101,096 |
| 2022 | $2,126,642 | $2,281,779 | $1,020,428 | $1,019,708 | 13 | $1,019,708 | — | $46,863 |
| 2021 | $865,291 | $1,091,672 | $962,269 | $959,048 | 20 | $959,048 | — | $41,688 |
| 2020 | $735,888 | $867,647 | $539,255 | $533,869 | 21 | — | — | $17,092 |
Under IRS private-foundation payout rules, Newday USA Foundation Inc reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s website describes support for Veteran organizations that provide services such as mental health support and job training, scholarships for children of Veteran families, community-building events and partnerships, and awareness of Veterans’ benefits.
Its 2024 grants included support for military colleges and schools, scholarships, and other organizations. Georgia Military College Foundation, which received two grants, says it supports Georgia Military College by raising funds, improving facilities, and managing endowment funds. Riverside Military Academy describes its work as preparing young men for college and life through academics, leadership opportunities, athletics, and a military college-preparatory environment. Admiral Farragut Academy says it provides a college-preparatory environment focused on academic excellence, leadership, character, and social development. Solomon Institute says it cultivates future leaders with an ethical identity and moral compass.
Grantmaking
In 2024, the foundation gave $1,147,711 through 13 grants. Awards ranged from $2,000 to $500,000, with a median of $15,000. The largest awards were $500,000 to Georgia Military College Foundation for an annual installment, described as the third of four, and $276,378 to the same organization for scholarships. Other notable grants included $100,000 each to Friends of Israel Defense Forces, Palm Beach Orthodox Synagogue, and Solomon Institute.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Robert I Posner and Thomas C Lynch as co-chairs of the board.
Newday USA Foundation Inc's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert I. Posner
Co-Chair of the Board of D
On filings since 2020
1.3 hrs/week
No compensation reported
Thomas C. Lynch
Co-Chair of the Board of D
On filings since 2020
1.3 hrs/week
No compensation reported
Former officers (2)
- Former: Andrew Engel (2021) — President
- Former: John Fenzel (2020) — President
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 Newday USA Foundation Inc
How much does Newday USA Foundation Inc give each year?
Newday USA Foundation Inc gave $1.1M across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $444K across 12 grants.
What is Newday USA Foundation Inc's typical grant size?
Newday USA Foundation Inc's median grant in 2024 was $15,000, and its average grant was $88,285, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Newday USA Foundation Inc that year got $78K on average.
Where does Newday USA Foundation Inc give grants?
Newday USA Foundation Inc gives mostly in Georgia: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Florida (19%) and New York (9%). The most frequent recipient cities were Palm Beach, FL (2 grants).
Does Newday USA Foundation Inc give general operating support?
Yes: 15% of Newday USA Foundation Inc's 2024 grants with a stated purpose (2 of 13) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarships" (3 grants).
Who are Newday USA Foundation Inc's largest grantees?
Newday USA Foundation Inc's largest 2024 grantees include Georgia Military College Foundation Inc ($500,000), Friends of Israel Defense Forces ($100,000) and Palm Beach Orthodox Synagogue ($100,000), according to its 2024 IRS Form 990-PF. It also paid 4 individual scholarships ($306,111), which are not listed by name. Together they received 61% of its itemized 2024 grant dollars.
How large is Newday USA Foundation Inc?
Newday USA Foundation Inc reported $823K in total assets on its 2024 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $55K (roughly 5% of its investment assets).
What does Newday USA Foundation Inc fund?
The foundation’s website describes support for Veteran organizations that provide services such as mental health support and job training, scholarships for children of Veteran families, community-building events and partnerships, and awareness of Veterans’ benefits. See mission & focus areas ↑
How do I apply for a grant from Newday USA Foundation Inc?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Newday USA Foundation Inc's EIN?
Newday USA Foundation Inc's EIN (Employer Identification Number) is 46-3282193. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 6, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Newday USA Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Newday USA Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Newday USA Foundation Inc funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/newday-usa-foundation-inc-morg_57ec3ac5dc0e439195ec5bf468d5475d
BibTeX
@misc{grantable_463282193_2026,
author = {{Grantable}},
title = {{Newday USA Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/newday-usa-foundation-inc-morg_57ec3ac5dc0e439195ec5bf468d5475d},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Newday USA Foundation Inc'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.
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