The Newport Family Foundation
The Newport Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $306K in total assets. In 2024, it awarded 2 grants totaling $25K. Net investment income was $5K.
The Newport Family Foundation at a glance
In short: The Newport Family Foundation gave $25K across 2 grants in 2024 (avg $13K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $25,000
- +38.9% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $12,500
- +38.9% vs 2023
- Median grant
- $12,500
- Total assets
- $305,705
- -8.3% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Newport Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Summit League ($20K). Together the top 2 received $25K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How The Newport Family Foundation gives
- In 2024 it paid out 110% 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 2020 to 2024, annual grant giving ranged from $18K (2020) to $25K (2024). In 2024 it made 2 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Summit League Saratoga, CA | General & Unrestricted | $20,000 |
| Los Gatos Museum Association Los Gatos, CA | General & Unrestricted | $5,000 |
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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 | $305,705 | $4,528 | $32,189 | $25,000 | 2 | $32,089 | $4,528 | $29,239 |
| 2023 | $333,366 | $4,329 | $25,588 | $18,000 | 2 | $25,588 | $4,329 | $27,562 |
| 2022 | $354,625 | $4,226 | $5,125 | — | — | $5,025 | $4,226 | $27,072 |
| 2021 | $355,524 | $3,274 | $4,005 | — | — | $3,775 | $3,274 | $28,252 |
| 2020 | $356,255 | $260,254 | $23,811 | $17,500 | 1 | — | $15,813 | $11,878 |
Under IRS private-foundation payout rules, The Newport Family Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Newport Family Foundation is led by Peggy Aggson Koen, President, Director & Secretary on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Peggy Aggson Koen
President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Claire Blystra
Director
On filings since 2020
1 hr/week
No compensation reported
Philip Edward Koen
Director
On filings since 2020
1 hr/week
No compensation reported
William Joseph Koen
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Newport Family Foundation
How much does The Newport Family Foundation give each year?
The Newport Family Foundation gave $25K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $18K across 2 grants.
How large is The Newport Family Foundation?
The Newport Family Foundation reported $306K in total assets on its 2024 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $29K (roughly 5% of its investment assets).
Where does The Newport Family Foundation operate?
The Newport Family Foundation has awarded grants in California.
What is The Newport Family Foundation's EIN?
The Newport Family Foundation's EIN (Employer Identification Number) is 26-1532769. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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