The NewMarket Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.2M in total assets. In 2024, it awarded 1 grants totaling $1.7M. Net investment income was $1.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.2M
+11.9% YoY
Annual Giving
$1.7M
+67.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.7M
+67.1% YoY
About The NewMarket Foundation
Based on IRS filings
The NewMarket Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RICHMOND, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.2M in total assets. In 2024, it awarded 1 grants totaling $1.7M. Net investment income was $1.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,176,347 | $18,031,262 | $15,849,671 |
| Revenue | $3,890,820 | $3,451,034 | $2,251,190 |
| Expenses | $1,745,734 | $1,016,811 | $1,149,065 |
| Qualifying Distributions | $1,661,324 | $994,215 | $1,133,945 |
| Net Investment Income | $1,392,644 | $351,756 | $788,397 |
| Distributable Amount | $1,087,247 | $914,663 | $859,583 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thomas E Gottwald | President and Director | 5 | — |
| Bruce R Hazelgrove III | VP and Director | 5 | — |
| Bruce C Gottwald Sr | Director | 5 | — |
| Bruce D Jewett III | Secretary | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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