Newton Horace & Letitia Pfdn

BROOKLYN, OH EIN: 34-6502592

Newton Horace & Letitia Pfdn is a private foundation, based in BROOKLYN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.2M in total assets. In 2024, it awarded 1 grants totaling $348K. Net investment income was $318K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.2M

+0.8% YoY

Annual Giving

$348K

+0.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$348K

+0.9% YoY

Under IRS private-foundation payout rules, Newton Horace & Letitia Pfdn reported a distributable amount of $493K for 2024 — the minimum it must pay out in qualifying distributions.

About Newton Horace & Letitia Pfdn

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $1.6M (100%)

States

Ohio

Cities

Cleveland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,178,426	$3,152,267	$3,270,328
Revenue	$394,704	$292,834	$292,565
Expenses	$454,875	$443,548	$505,848
Qualifying Distributions	$374,268	$408,539	$420,242
Net Investment Income	$318,101	$257,179	$213,258
Distributable Amount	$492,674	$375,088	$347,144

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include College Now ($348,000).

Recipient	Purpose	Amount
College Now CLEVELAND, OH	SCHOLARSHIPS	$348,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KEYBANK N A	TRUSTEE	1	$100,274

Frequently Asked Questions

How large is Newton Horace & Letitia Pfdn?

As of 2024, Newton Horace & Letitia Pfdn holds $3.2M in total assets with $395K in annual revenue. It awarded 1 grants totaling $348K in 2024.

Where does Newton Horace & Letitia Pfdn operate?

Newton Horace & Letitia Pfdn has awarded grants in Ohio.

What size grants does Newton Horace & Letitia Pfdn award?

In 2024, Newton Horace & Letitia Pfdn awarded 1 grants totaling $348K — an average of about $348K per grant, based on its IRS Form 990 filings.

How much is Newton Horace & Letitia Pfdn required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Newton Horace & Letitia Pfdn reported a distributable amount of $493K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.