The Newman Family Foundation
The Newman Family Foundation is a private foundation, based in TROY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 22 grants totaling $119K. Net investment income was $215K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
+5.7% YoY
Annual Giving
$119K
+29.9% YoY
Grant Count
22
+37.5% YoY
Avg Grant Size
$5K
-5.6% YoY
Under IRS private-foundation payout rules, The Newman Family Foundation reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
About The Newman Family Foundation
Based on IRS filings
The Newman Family Foundation is a private foundation, based in TROY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 22 grants totaling $119K. Net investment income was $215K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,781,165 | $1,685,565 | $1,742,537 |
| Revenue | $214,733 | $34,379 | $39,871 |
| Expenses | $121,590 | $93,851 | $105,784 |
| Qualifying Distributions | $118,500 | $91,250 | $103,200 |
| Net Investment Income | $214,628 | $51,263 | $50,697 |
| Distributable Amount | $88,830 | $88,228 | $89,705 |
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
92 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include 826 Michigan ($10,000), Central Lake United Methodist Church ($10,000), Eastern Market ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 826 MICHIGAN ANN ARBOR, MI | GENERAL | $10,000 |
| BARN SANCTUARY CHELSEA, MI | GENERAL | $5,000 |
| CENTRAL LAKE HISTORICAL SOCIETY CENTRAL LAKE, MI | GENERAL | $1,000 |
| CENTRAL LAKE UNITED METHODIST CHURCH CENTRAL LAKE, MI | GENERAL | $10,000 |
| CONGREGATION SUKKAT SHALOM WILMETTE, IL | GENERAL | $5,000 |
| CONNECTIONS FOR THE HOMELESS EVANSTON, IL | GENERAL | $3,500 |
| COREWELL HEALTH FOUNDATION ROYAL OAK, MI | GENERAL | $2,500 |
| CRANBROOK EDUCATIONAL COMMUNITY BLOOMFIELD HILLS, MI | GENERAL | $2,000 |
| CURE JM FOUNDATION LEESBURG, VA | GENERAL | $8,000 |
| EASTERN MARKET DETROIT, MI | GENERAL | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RACHEL NEWMAN | PRESIDENT | — | — |
| STEVEN E NEWMAN | SECRETARY | — | — |
| CRAIG S SKULSKY | DIRECTOR | — | — |
| CRAIG S SKULSKY | TREASURER | — | — |
| STEVEN E NEWMAN | DIRECTOR | — | — |
| GEOFFREY NEWMAN | DIRECTOR | — | — |
Frequently Asked Questions
How large is The Newman Family Foundation?
As of 2024, The Newman Family Foundation holds $1.8M in total assets with $215K in annual revenue. It awarded 22 grants totaling $119K in 2024.
Where does The Newman Family Foundation operate?
The Newman Family Foundation has awarded grants in District of Columbia, Illinois, Kansas, Maryland, Michigan, New York, Virginia.
What size grants does The Newman Family Foundation award?
In 2024, The Newman Family Foundation awarded 22 grants totaling $119K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Newman Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Newman Family Foundation reported a distributable amount of $89K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Newman Family Foundation's EIN?
The Newman Family Foundation's EIN (Employer Identification Number) is 38-2986180. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Newman Family 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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