The Newman Foundation Inc
The Newman Foundation Inc is a private foundation, based in SHORT HILLS, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $812K in total assets. In 2024, it awarded 11 grants totaling $42K. Net investment income was $88K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$812K
+4.9% YoY
Annual Giving
$42K
-16.0% YoY
Grant Count
11
-21.4% YoY
Avg Grant Size
$4K
+6.9% YoY
Under IRS private-foundation payout rules, The Newman Foundation Inc reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
About The Newman Foundation Inc
Based on IRS filings
The Newman Foundation Inc is a private foundation, based in SHORT HILLS, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $812K in total assets. In 2024, it awarded 11 grants totaling $42K. Net investment income was $88K.
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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 | $811,880 | $773,823 | $790,582 |
| Revenue | $114,687 | $69,238 | $71,543 |
| Expenses | $76,630 | $85,997 | $70,443 |
| Qualifying Distributions | $50,166 | $73,808 | $59,518 |
| Net Investment Income | $88,223 | $57,049 | $60,618 |
| Distributable Amount | $70,274 | $60,592 | $64,303 |
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
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Harvard Business School ($5,000), Memorial Sloan Kettering Cancer Center ($5,000), Yale University Alumni Fund ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CONSOLATA MISSIONARIES SOMERSET, NJ | GENERAL | $1,000 |
| HARVARD BUSINESS SCHOOL BOSTON, MA | GENERAL | $5,000 |
| MEMORIAL SLOAN KETTERING CANCER CENTER NEW YORK, NY | DR. FALCHI LYMPHOMA RESEARCH | $5,000 |
| MISSIONARIES OF CHARITY BRONX, NY | GENERAL | $2,500 |
| YALE UNIVERSITY ALUMNI FUND NEW HAVEN, CT | CLASS OF 1952 | $5,000 |
| ST ROSE OF LIMA CHURCH SHORT HILLS, NJ | GENERAL | $2,500 |
| SETON HALL PREP WEST ORANGE, NJ | GENERAL | $5,000 |
| PESTALOZZI US CHILDREN'S CHARITY NEW YORK, NY | GENERAL | $1,000 |
| ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION KING OF PRUSSIA, PA | GENERAL | $5,000 |
| YALE UNIVERSITY ALUMNI FUND NEW HAVEN, CT | CLASS OF 1995 | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KERRY SULLIVAN | PRESIDENT/TRUSTEE | — | — |
| BRIAN NEWMAN | TREASURER | — | — |
| STEPHEN NEWMAN | SECRETARY | — | — |
Frequently Asked Questions
How large is The Newman Foundation Inc?
As of 2024, The Newman Foundation Inc holds $812K in total assets with $115K in annual revenue. It awarded 11 grants totaling $42K in 2024.
Where does The Newman Foundation Inc operate?
The Newman Foundation Inc has awarded grants in Connecticut, Massachusetts, New Jersey, New York, Pennsylvania, Tennessee.
What size grants does The Newman Foundation Inc award?
In 2024, The Newman Foundation Inc awarded 11 grants totaling $42K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Newman Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Newman Foundation Inc reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Newman Foundation Inc's EIN?
The Newman Foundation Inc's EIN (Employer Identification Number) is 22-6410797. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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