Ray and Nylene Newkirk Family Foundation
The Ray and Nylene Newkirk Family Foundation is a private foundation based in Wayzata, Minnesota. The foundation manages substantial assets and distributes grants to charitable organizations across multiple states in the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
-0.1% YoY
Annual Giving
$601K
+10.6% YoY
Grant Count
30
-14.3% YoY
Avg Grant Size
$20K
+29.1% YoY
Mission & Focus Areas
The foundation supports projects in Education, Philanthropy, Voluntarism & Grantmaking, and Human Services. While the foundation does not specify particular subject areas in detail, it has demonstrated a commitment to funding initiatives across these broad categories.
Grantmaking
The foundation appears to be open to new applicants.
Grant Range
$10,000
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Geographic Focus
Where this funder awards grants
The foundation funds projects across multiple states, including:
- Minnesota
- Florida
- Wisconsin
- New York
- And various other U.S. cities and states
The foundation has supported projects in major cities including New York, Miami, and Minneapolis, as well as smaller communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $10,027,403
- Total Giving (2024): $600,750
- Foundation Expenses: Approximately $619,263
- Foundation Revenue: $262,042
- Annual Giving Rate: 6.0% of assets
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,027,403 | $10,034,542 | $10,391,763 |
| Revenue | $681,217 | $262,042 | $539,596 |
| Expenses | $688,356 | $619,263 | $663,626 |
| Qualifying Distributions | $600,750 | $542,935 | $588,387 |
| Net Investment Income | $584,946 | $179,723 | $175,015 |
| Distributable Amount | $672,172 | $577,122 | $565,892 |
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
124 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by:
- Raymond Newkirk – President
- Nylene Newkirk – Vice President
- Troy Newkirk – Treasurer
- Lou Newkirk-Ledo – Secretary
All leadership members serve voluntarily without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYMOND NEWKIRK | PRESIDENT | 1 | — |
| NYLENE NEWKIRK | VICE PRESIDENT | 1 | — |
| TROY NEWKIRK | TREASURER | 1 | — |
| LOU NEWKIRK-LEDO | SECRETARY | 1 | — |
Contact Information
Address: 1489 Shoreline Drive, Wayzata, MN 55391-9767
Tax ID (EIN): 85-3763691
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Clearway Minnesota (sm)
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—
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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