Newton Rotary Club Endowment Inc
Newton Rotary Club Endowment Inc is a private foundation, based in Newton, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $220K in total assets. In 2025, it awarded 3 grants totaling $18K. Net investment income was $6K.
Newton Rotary Club Endowment Inc at a glance
In short: Newton Rotary Club Endowment Inc gave $18K across 3 grants in 2025 (avg $6K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $18,454
- +16.4% vs 2024
- Grants made (2025)
- 3
- -25.0% vs 2024
- Average grant
- $6,151
- +55.2% vs 2024
- Median grant
- $5,375
- Total assets
- $219,780
- +6.5% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Newton Rotary Club Endowment Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Newton Rotary Club ($18K across 3 grants).
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 13 grants of 13 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Newton Rotary Club Endowment Inc gives
- Giving grew 33% from 2022 to 2025. Method
- In 2025 it paid out 160% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $9K (2021) to $18K (2025). In 2025 it made 3 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Newton Rotary Club Newton, NJ | GRANT | $12,500 |
| Newton Rotary Club Newton, NJ | GRANT | $5,375 |
| Newton Rotary Club Newton, NJ | GRANT | $579 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $219,780 | $32,226 | $18,656 | $18,454 | 3 | $18,454 | $6,374 | $11,537 |
| 2024 | $206,282 | $50,593 | $42,988 | $15,859 | 4 | $15,859 | $5,212 | $10,165 |
| 2023 | $198,743 | $33,678 | $39,293 | $11,497 | 2 | $11,497 | $4,626 | $9,886 |
| 2022 | $205,317 | $45,806 | $35,803 | $13,832 | 2 | $13,832 | $9,537 | $9,738 |
| 2021 | $195,515 | $46,885 | $37,590 | $9,157 | 2 | $9,157 | $14,470 | $9,185 |
| 2020 | $186,310 | $18,294 | $9,656 | — | — | — | $6,165 | $8,752 |
Under IRS private-foundation payout rules, Newton Rotary Club Endowment Inc reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Newton Rotary Club Endowment Inc is led by Steve Wescott, President since 2025 (on filings since 2021); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Steve Wescott
President
Secretary → President, 2025
On filings since 2021
No compensation reported
Matt Hannum
Secretary
New on the 2025 filing
No compensation reported
Former officers (2)
- Former: Carl Lazzaro (2020–2024) — President
- Former: Mike Murphy (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "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 Rotary Club Endowment Inc
How much does Newton Rotary Club Endowment Inc give each year?
Newton Rotary Club Endowment Inc gave $18K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $16K across 4 grants.
What is Newton Rotary Club Endowment Inc's typical grant size?
Newton Rotary Club Endowment Inc's median grant in 2025 was $5,375, and its average grant was $6,151, across 3 grants on its 2025 IRS Form 990-PF.
Where does Newton Rotary Club Endowment Inc give grants?
Newton Rotary Club Endowment Inc gives mostly in New Jersey: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Newton, NJ (3 grants).
Does Newton Rotary Club Endowment Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Newton Rotary Club Endowment Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Grant" (3 grants).
How large is Newton Rotary Club Endowment Inc?
Newton Rotary Club Endowment Inc reported $220K in total assets on its 2025 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What is Newton Rotary Club Endowment Inc's EIN?
Newton Rotary Club Endowment Inc's EIN (Employer Identification Number) is 22-3223370. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 September 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS January 19, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 7, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
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