The Bernard P Novak Foundation
The Bernard P Novak Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $123K in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $5K.
The Bernard P Novak Foundation at a glance
In short: The Bernard P Novak Foundation gave $20K across 2 grants in 2024 (avg $10K), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $20,000
- -7.0% vs 2023
- Grants made (2024)
- 2
- -50.0% vs 2023
- Average grant
- $10,000
- +86.0% vs 2023
- Median grant
- $10,000
- Total assets
- $123,422
- +11.8% vs 2023
- Primary geography
- North Carolina (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Bernard P Novak Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Liberty Life and Law Foundation ($10K). Together the top 2 received $20K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 19 grants of 21 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How The Bernard P Novak Foundation gives
- Giving fell 64% from 2021 to 2024. Method
- In 2024 it paid out 525% 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 2019 to 2024, annual grant giving ranged from $20K (2024) to $298K (2022). In 2024 it made 2 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Liberty Life and Law Foundation Hubert, NC | General & Unrestricted | $10,000 |
| Orange County Sheriffs Advisory Council Santa Ana, CA | General & Unrestricted | $10,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $123,422 | $40,352 | $27,282 | $20,000 | 2 | $26,788 | $4,847 | $5,103 |
| 2023 | $110,352 | $13,467 | $29,558 | $21,500 | 4 | $28,198 | $3,007 | $5,555 |
| 2022 | $126,443 | $38,528 | $307,121 | $298,383 | 4 | $304,908 | $36,657 | $18,330 |
| 2021 | $346,949 | $32,515 | $63,460 | $55,500 | 6 | $60,981 | $10,266 | $23,544 |
| 2020 | $377,894 | $68,372 | $110,264 | $102,500 | 5 | — | $16,483 | $19,084 |
| 2019 | $419,786 | $75,419 | $117,888 | $108,500 | 7 | — | $42,123 | $23,966 |
Under IRS private-foundation payout rules, The Bernard P Novak Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Bernard P Novak Foundation is led by Richard Watts, President, Director, Secretary & Treasurer on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Richard Watts
President, Director, Secretary & Treasurer
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2024. "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 The Bernard P Novak Foundation
How much does The Bernard P Novak Foundation give each year?
The Bernard P Novak Foundation gave $20K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $22K across 4 grants.
How large is The Bernard P Novak Foundation?
The Bernard P Novak Foundation reported $123K in total assets on its 2024 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
Where does The Bernard P Novak Foundation operate?
The Bernard P Novak Foundation has awarded grants in Arizona, California, District of Columbia, Hawaii, North Carolina, Ohio.
What is The Bernard P Novak Foundation's EIN?
The Bernard P Novak Foundation's EIN (Employer Identification Number) is 47-2400904. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 17, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 4, 2025)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work The Bernard P Novak Foundation funds
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