Newton Medical Center Foundation
The Newton Medical Center Foundation, the philanthropic arm of Newton Medical Center exists to philanthropically serve the present and future health and wellness needs of our community and beyond, as defined by Newton Medical Center.
Newton Medical Center Foundation at a glance
In short: Newton Medical Center Foundation gave $1.4M across 1 grant in 2024 (avg $1.4M), mostly in New Jersey. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,393,109
- +305.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $1,393,109
- +305.1% vs 2023
- Median grant
- $1,393,109
- Total assets
- $38,853,344
- +7.8% vs 2023
- Primary geography
- New Jersey (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Newton Medical Center Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Newton Medical Center ($1.4M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Newton Medical Center Foundation gives
- Giving grew 29% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $302K (2020) to $1.4M (2024). In 2024 it made 1 grant totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Newton Medical Center Newton, NJ | Cash transfer to affiliate for support of various capital campaigns and community programs. | $1,393,109 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $38,853,344 | $3,044,029 | $1,877,648 | $1,393,109 | 1 | $1,977,060 |
| 2023 | $36,032,935 | $2,189,475 | $861,143 | $343,855 | 1 | $908,624 |
| 2022 | $30,900,027 | $1,881,724 | $828,257 | $312,251 | 1 | $725,614 |
| 2021 | $35,556,220 | $2,802,992 | $1,569,896 | $1,078,908 | 1 | $1,165,999 |
| 2020 | $30,491,515 | $1,599,297 | $863,557 | $302,122 | 1 | $878,246 |
About Newton Medical Center Foundation
Based on IRS filings
Newton Medical Center Foundation is a public charity, based in Morristown, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $38.9M in total assets. In 2024, it awarded 1 grant totaling $1.4M. Net investment income was $2.0M.
Leadership & Key People
Officers and directors from IRS filings
Newton Medical Center Foundation is led by Robert Adams, Trustee-President & Western since 2023 (on filings since 2020); none of the 31 officers listed in 2024 report compensation.
Officers on the 2024 filing
Robert Adams
Trustee-President & Western
Interim President-Nmc & Hmc → Trustee-President & Western Region, 2021
Trustee-President & Western Region → Trustee-President & Western, 2023
On filings since 2020
2 hrs/week
No compensation reported
Mark Avondoglio
Chairman
Trustee-Chairman → Chairman, 2023
On filings since 2020
2 hrs/week
No compensation reported
Buffie Dobbs
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Colleen Apter
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Donald Costlow DVM
Trustee
On filings since 2020
2 hrs/week
No compensation reported
George W Morville Jr.
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Greg Nolan
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Jason Apter
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Jeffrey J Quinn
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Jo-Ellen McCracken Hazen
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Karl Wagner
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Kim Ferruggia
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Kurt Walton
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Mark Cummins
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Matthew Hannum
Trustee
Trustee → Trustee-Secretary, 2022
Trustee-Secretary → Trustee, 2024
On filings since 2020
2 hrs/week
No compensation reported
Megan Sandow
Trustee-Chief Development Officer
On filings since 2020
2 hrs/week
No compensation reported
Michael E Holenstein
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Michael Lanza Esq.
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Richard Bourque
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Robert Masci MD FACC
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Ronald K Harris MD
Trustee
On filings since 2020
2 hrs/week
No compensation reported
Thomas N Ryan Esq.
Trustee-Secretary
Trustee-Vice Chairman → Vice Chairman, 2023
Vice Chairman → Trustee-Secretary, 2024
On filings since 2020
2 hrs/week
No compensation reported
Tracey Woodhead
Trustee
On filings since 2020
2 hrs/week
No compensation reported
E Jane Brown
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Mary Waller
Trustee - Aux. Representative
On filings since 2021
2 hrs/week
No compensation reported
Raymond Cordts DMV
Trustee
New on the 2024 filing
2 hrs/week
No compensation reported
David P Romano
Trustee-Vice Chairman
Trustee-Vice Chairman → Trustee, 2022
Trustee → Trustee-Vice Chairman, 2024
On filings since 2020
2 hrs/week
No compensation reported
Kevin Lenahan
Evp-Chief Business & Strat
Svp-Cfo & Administrator Officer → Evp-Chief Business & Strategy Officer, 2021
Evp-Chief Business & Strategy Officer → Evp-Chief Business & Strat, 2024
On filings since 2020
2 hrs/week
No compensation reported
Larry Condit
Assistant Treasurer
Trustee-Asst. Treasurer → Assistant Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
Salvatore Dispenziere III
Treasurer
Trustee-Treasurer → Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
Michael Walter
Svp-Chief Financial Officer
On filings since 2022
2 hrs/week
No compensation reported
Former officers (7)
- Former: Daniel Leary (2023) — Trustee
- Former: Suvid Chaudhari DO (2023) — Trustee
- Former: Keith VanFleet-Termed (2022) — Director of Accounting
- Former: Keith VanFleet (2020–2021) — Director of Accounting
- Former: Raymond Cordts (2020–2021) — Trustee
- Former: EJane Brown (2020) — Trustee
- Former: Elaine Furfero (2020) — Trustee
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 Newton Medical Center Foundation
How much does Newton Medical Center Foundation give each year?
Newton Medical Center Foundation gave $1.4M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $344K across 1 grant.
How large is Newton Medical Center Foundation?
Newton Medical Center Foundation reported $38.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $3.0M.
Where does Newton Medical Center Foundation operate?
Newton Medical Center Foundation has awarded grants in New Jersey.
What is Newton Medical Center Foundation's EIN?
Newton Medical Center Foundation's EIN (Employer Identification Number) is 22-2618102. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 23, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 13, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in Newton Medical Center Foundation's focus areas in our free grants database
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