The Newsome Family Foundation
The Newsome Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $653K in total assets. In 2024, it awarded 6 grants totaling $161K. Net investment income was $562K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$653K
+243.4% YoY
Annual Giving
$161K
+256.7% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$27K
+78.3% YoY
Under IRS private-foundation payout rules, The Newsome Family Foundation reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About The Newsome Family Foundation
Based on IRS filings
The Newsome Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $653K in total assets. In 2024, it awarded 6 grants totaling $161K. Net investment income was $562K.
Focus Areas
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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 | $652,639 | $190,074 | $203,547 |
| Revenue | $632,545 | $35,830 | $24,094 |
| Expenses | $169,980 | $49,303 | $77,198 |
| Qualifying Distributions | $160,500 | $45,000 | $72,372 |
| Net Investment Income | $561,606 | $31,527 | $21,268 |
| Distributable Amount | $25,467 | $18,617 | $21,110 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Asbury United Methodist ($90,000), United Methodist Children's Home ($45,000), Monday Morning Quarterback Club ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASBURY UNITED METHODIST BIRMINGHAM, AL | BENEVOLENT OFFERING | $90,000 |
| IRONDALE METHODIST CHURCH IRONDALE, AL | BENEVOLENT OFFERING | $5,000 |
| MONDAY MORNING QUARTERBACK CLUB BIRMINGHAM, AL | BENEVOLENT OFFERING | $10,000 |
| UNITED METHODIST CHILDREN'S HOME IRONDALE, AL | BENEVOLENT OFFERING | $45,000 |
| WORLD FOOD PROGRAM USA WASHINGTON, DC | BENEVOLENT OFFERING | $2,000 |
| THE FRIENDS OF RICKWOOD FIELD BIRMINGHAM, AL | BENEVOLENT OFFERING | $8,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL J NEWSOME | DIRECTOR | 1 | — |
| STACEY N WALD | DIRECTOR | 1 | — |
| KELLY N FREDETTE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Newsome Family Foundation?
The Newsome Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BIRMINGHAM, AL. It holds $653K in total assets as of 2024.
How large is The Newsome Family Foundation?
As of 2024, The Newsome Family Foundation holds $653K in total assets with $633K in annual revenue. It awarded 6 grants totaling $161K in 2024.
Where does The Newsome Family Foundation operate?
The Newsome Family Foundation has awarded grants in Alabama, District of Columbia, Georgia.
What size grants does The Newsome Family Foundation award?
In 2024, The Newsome Family Foundation awarded 6 grants totaling $161K — an average of about $27K per grant, based on its IRS Form 990 filings.
How much is The Newsome Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Newsome Family Foundation reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Newsome Family Foundation's EIN?
The Newsome Family Foundation's EIN (Employer Identification Number) is 20-0482177. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Newsome 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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