The Newman Foundation Inc
The Newman Foundation Inc is a private foundation based in Short Hills, New Jersey. Its 2025 filing reports $60,000 in grants to charitable organizations, including schools, universities, and a cancer research center.
The Newman Foundation Inc at a glance
In short: The Newman Foundation Inc gave $60K across 10 grants in 2025 (avg $6K), mostly in New Jersey. 70% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $60,000
- +42.9% vs 2024
- Grants made (2025)
- 10
- -9.1% vs 2024
- Average grant
- $6,000
- +57.1% vs 2024
- Median grant
- $5,000
- Total assets
- $805,077
- -0.8% vs 2024
- New grantees (estimate)
- 70% first-time grantees (7 of 10, 2025; small sample)
- Primary geography
- New Jersey (50% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Newman Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 22 Joanna Way, Short Hills, NJ 07078-2534
Phone: (973) 379-1767
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Newman Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Delbarton School ($15K). Together the top 10 received $60K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 56 grants of 56 (100%).
Geographic Focus
Where this funder awards grants
In 2025, grant dollars went to recipients in New Jersey (50%), Connecticut (25%), Massachusetts (17%), and New York (8%).
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Is The Newman Foundation Inc open to new grantees?
70%
first-time grantees, 2025
In 2025, 7 of 10 grantees (70%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $6K; repeat grants $5K. How we count
Medians: $5K first-time, $5K repeat.
- 30% of 2025 grantees were also funded in 2024. Method
- Giving grew 50% from 2022 to 2025. Method
- In 2025 it paid out 83% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $40K (2022) to $60K (2025). In 2025 it made 10 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Delbarton School Morristown, NJ | General | $15,000 |
| Yale University-Alumni Fund Class of 1995 New Haven, CT | General | $10,000 |
| Harvard Business School Boston, MA | General | $5,000 |
| Memorial Sloan Kettering Cancer Center New York, NY | Dr. Falchi Lymphoma Research | $5,000 |
| Yale University-Alumni Fund Class of 1952 New Haven, CT | General | $5,000 |
| Seton Hall Prep West Orange, NJ | General | $5,000 |
| Far Hills County Day School Far Hills, NJ | General | $5,000 |
| St John's Nursery School Bernardsville, NJ | General | $5,000 |
| St John's School Wellesley, MA | General | $2,500 |
| Xaverian Brothers High School Westwood, MA | General | $2,500 |
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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 | $805,077 | $89,383 | $96,186 | $60,000 | 10 | $65,927 | $59,124 | $79,224 |
| 2024 | $811,880 | $114,687 | $76,630 | $42,000 | 11 | $50,166 | $88,223 | $70,274 |
| 2023 | $773,823 | $69,238 | $85,997 | $50,000 | 14 | $73,808 | $57,049 | $60,592 |
| 2022 | $790,582 | $71,543 | $70,443 | $40,000 | 10 | $59,518 | $60,618 | $64,303 |
| 2021 | $789,482 | $75,414 | $61,135 | $41,000 | 11 | — | $68,626 | $66,505 |
Under IRS private-foundation payout rules, The Newman Foundation Inc reported a distributable amount of $79K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In filing year 2025, the foundation gave $60,000 through 10 grants. Grant amounts ranged from $2,500 to $15,000, with a median of $5,000. Notable grants included $15,000 to Delbarton School; $10,000 to Yale University–Alumni Fund Class of 1995; and $5,000 each to Harvard Business School, Memorial Sloan Kettering Cancer Center, Yale University–Alumni Fund Class of 1952, Seton Hall Prep, Far Hills County Day School, and St John’s Nursery School. The grant to Memorial Sloan Kettering Cancer Center was designated for Dr. Falchi lymphoma research; the other listed grants were for general purposes.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Kerry Sullivan as president and trustee, Brian Newman as treasurer, and Stephen Newman as secretary.
The Newman Foundation Inc is led by Kerry Sullivan, President & Trustee since 2022 (on filings since 2021); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Kerry Sullivan
President & Trustee
Secretary & Trustee → President & Trustee, 2022
On filings since 2021
No compensation reported
Brian Newman
Treasurer
On filings since 2024
No compensation reported
Stephen Newman
Secretary
On filings since 2024
No compensation reported
Former officers (2)
- Former: Denis Newman (2021–2023) — Treasurer & Vice President
- Former: Mary Newman (2021–2022) — Secretary & Trustee
Data from IRS Form 990 filings, 2021–2025. "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 The Newman Foundation Inc
How much does The Newman Foundation Inc give each year?
The Newman Foundation Inc gave $60K across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $42K across 11 grants.
What is The Newman Foundation Inc's typical grant size?
The Newman Foundation Inc's median grant in 2025 was $5,000, and its average grant was $6,000, across 10 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Newman Foundation Inc that year got $6K on average.
Where does The Newman Foundation Inc give grants?
The Newman Foundation Inc gives mostly in New Jersey: 50% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Connecticut (25%) and Massachusetts (17%). The most frequent recipient cities were New Haven, CT (2 grants).
Does The Newman Foundation Inc give general operating support?
Yes: 90% of The Newman Foundation Inc's 2025 grants with a stated purpose (9 of 10) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Newman Foundation Inc's largest grantees?
The Newman Foundation Inc's largest 2025 grantees include Delbarton School ($15,000), Yale University-Alumni Fund Class of 1995 ($10,000) and Harvard Business School ($5,000), according to its 2025 IRS Form 990-PF. Together they received 50% of its itemized 2025 grant dollars.
How large is The Newman Foundation Inc?
The Newman Foundation Inc reported $805K in total assets on its 2025 IRS Form 990-PF. It paid out $66K in qualifying distributions that year, against a required minimum of $79K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
How do I apply for a grant from The Newman Foundation Inc?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2021–2025.
Does The Newman Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 8, 2026)
- IRS filings on file for fiscal years 2021–2024
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Newman Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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