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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.9M
+7.8% YoY
Annual Giving
$1.4M
+305.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.4M
+305.1% YoY
About Newton Medical Center Foundation
Based on IRS filings
Newton Medical Center Foundation is a nonprofit organization, 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 grants totaling $1.4M. Net investment income was $2.0M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,853,344 | $36,032,935 | $30,900,027 |
| Revenue | $3,044,029 | $2,189,475 | $1,881,724 |
| Expenses | $1,877,648 | $861,143 | $828,257 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,977,060 | $908,624 | $725,614 |
| Distributable Amount | — | — | — |
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 Newton Medical Center ($1,393,109).
| Recipient | Purpose | Amount |
|---|---|---|
| Newton Medical Center Newton, NJ | Cash transfer to affiliate for support of various capital campaigns and community programs. | $1,393,109 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Avondoglio | CHAIRMAN | 2 | — |
| Robert Adams | Trustee-President, Western | 2 | — |
| Megan Sandow | Trustee-Chief Dev Officer | 2 | — |
| Salvatore Dispenziere III | Treasurer | 2 | — |
| Buffie Dobbs | Trustee | 2 | — |
| Colleen Apter | Trustee | 2 | — |
| Larry Condit | Asst. Treasurer | 2 | — |
| E Jane Brown | Trustee | 2 | — |
| George W Morville Jr | Trustee | 2 | — |
| Greg Nolan | Trustee | 2 | — |
| Jason Apter | Trustee | 2 | — |
| Jeffrey J Quinn | Trustee | 2 | — |
| Jo-Ellen McCracken Hazen | Trustee | 2 | — |
| Karl Wagner | Trustee | 2 | — |
| Kim Ferruggia | Trustee | 2 | — |
| Kurt Walton | Trustee | 2 | — |
| Thomas N Ryan Esq | Trustee-Secretary | 2 | — |
| Mark Cummins | Trustee | 2 | — |
| Mary Waller | Trustee - Aux. Rep | 2 | — |
| Matthew Hannum | Trustee | 2 | — |
| Michael E Holenstein | Trustee | 2 | — |
| Michael Lanza Esq | Trustee | 2 | — |
| Richard Bourque | Trustee | 2 | — |
| Robert Masci MD FACC | Trustee | 2 | — |
| Donald Costlow DVM | Trustee | 2 | — |
| Raymond Cordts DMV | Trustee | 2 | — |
| Ronald K Harris MD | Trustee | 2 | — |
| David P Romano | Trustee-Vice Chairman | 2 | — |
| Tracey Woodhead | Trustee | 2 | — |
| Michael Walter | SVP-Chief Financial Office | 2 | — |
| Kevin Lenahan | EVP-Chief Business & Strat | 2 | — |
Frequently Asked Questions
How large is Newton Medical Center Foundation?
As of 2024, Newton Medical Center Foundation holds $38.9M in total assets with $3.0M in annual revenue. It awarded 1 grants totaling $1.4M in 2024.
Where does Newton Medical Center Foundation operate?
Newton Medical Center Foundation has awarded grants in New Jersey.
What size grants does Newton Medical Center Foundation award?
In 2024, Newton Medical Center Foundation awarded 1 grants totaling $1.4M — an average of about $1.4M per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Newton Medical Center Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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