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.
Key facts about Newday USA Foundation Inc
In short: Newday USA Foundation Inc gave $1.1M across 13 grants in 2024 (avg $88K), mostly in Georgia. 33% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.
- EIN
- 46-3282193
- Latest 990 filing
- Form 990 filing, 2024
- Annual giving (2024)
- $1,147,711
- Grants made (2024)
- 13
- Average grant
- $88,285
- Median grant
- $15,000
- New grantees (estimate)
- 33% first-time grantees (4 of 12, 2024)
- Primary geography
- Georgia (69% of itemized 2024 grant dollars)
- How to apply
- The foundation does not restrict giving to preselected organizations. Full details ↓
Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990 filing · View filing
Total Assets
—
Annual Giving
$1.1M
+158.3% YoY
Grant Count
13
+8.3% YoY
Avg Grant Size
$88K
+138.4% YoY
Is Newday USA Foundation Inc open to new grantees?
33%
first-time grantees, 2024
In 2024, 4 of 12 grantees (33%) were first-time recipients. First grants averaged $78K; repeat grants $105K. How we count
Medians: $100K first-time, $10K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+20%). Method
Estimate from itemized grant lists in IRS Form 990 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.
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.
Review Cycle
and no restrictions on awards.
Ready to take the next step with Newday USA Foundation Inc?
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 all 13 itemized 2024 grant dollars.
States
Cities
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
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| GEORGIA MILITARY COLLEGE FOUNDATION INC Milledgeville, GA | ANNUAL INSTALLMENT - THREE OF FOUR | $500,000 |
| GEORGIA MILITARY COLLEGE FOUNDATION INC Milledgeville, GA | SCHOLARSHIPS | $276,378 |
| 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 |
| RIVERSIDE MILITARY ACADEMY INC Gainesville, GA | SCHOLARSHIP - TYSON MOORE-FAIN SCHOLAR 24-25 | $15,000 |
| CAMDEN MILITARY ACADEMY Camden, SC | SCHOLARSHIP - 2024-2025 TUITION PAYMENT | $10,000 |
| JERUSALEM BAPTIST CHURCH Manakin Sabot, VA | SCHOLARSHIP | $10,000 |
| MOUNT ST JOSEPH'S COLLEGE INC Baltimore, MD | SCHOLARSHIPS | $9,748 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2024 | $1,147,711 | 13 |
| 2023 | $444,344 | 12 |
| 2022 | $1,019,708 | 13 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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.
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
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 filing. 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 filing. 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 filing went to recipients there. The next largest states were Florida (19%) and New York (9%). The most frequent recipient cities were Milledgeville, GA (2 grants) and 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 filing. 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 ($776,378 across 2 grants), Friends of Israel Defense Forces ($100,000) and Palm Beach Orthodox Synagogue ($100,000), according to its 2024 IRS Form 990 filing. Together they received 85% of its itemized 2024 grant dollars.
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. 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, i…
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 September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Here's the math on researching Newday USA Foundation Inc by hand.
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