Wo and Lois Newell Charitable Trust
Wo and Lois Newell Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.4M in total assets. In 2024, it awarded 13 grants totaling $748K. Net investment income was $462K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.4M
-0.3% YoY
Annual Giving
$748K
-2.2% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$58K
-2.2% YoY
Under IRS private-foundation payout rules, Wo and Lois Newell Charitable Trust reported a distributable amount of $809K for 2024 — the minimum it must pay out in qualifying distributions.
About Wo and Lois Newell Charitable Trust
Based on IRS filings
Wo and Lois Newell Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.4M in total assets. In 2024, it awarded 13 grants totaling $748K. Net investment income was $462K.
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 | $13,391,998 | $13,436,782 | $13,606,680 |
| Revenue | $828,957 | $711,332 | $1,065,543 |
| Expenses | $873,729 | $881,234 | $959,389 |
| Qualifying Distributions | $748,367 | $765,380 | $829,880 |
| Net Investment Income | $461,771 | $497,848 | $491,369 |
| Distributable Amount | $809,159 | $748,369 | $765,381 |
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
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Grace Baptist Church ($187,092), Clear Creek Baptist Bible College ($74,837), Oneida Baptist Institute ($74,837).
| Recipient | Purpose | Amount |
|---|---|---|
| BEREA COLLEGE BEREA, KY | PER DONEE'S GENERAL PURPOSE | $37,418 |
| BRONSTON BAPTIST CHURCH BRONSTON, KY | PER DONEE'S GENERAL PURPOSE | $22,451 |
| BURNSIDE MASONIC LODGE BURNSIDE, KY | PER DONEE'S GENERAL PURPOSE | $14,967 |
| CLEAR CREEK BAPTIST BIBLE COLLEGE PINEVILLE, KY | PER DONEE'S GENERAL PURPOSE | $74,837 |
| GRACE BAPTIST CHURCH SOMERSET, KY | PER DONEE'S GENERAL PURPOSE | $187,092 |
| MASONIC HOME OF LOUISVILLE MASONIC HOME, KY | PER DONEE'S GENERAL PURPOSE | $37,418 |
| ONEIDA BAPTIST INSTITUTE ONEIDA, KY | PER DONEE'S GENERAL PURPOSE | $74,837 |
| SOMERSET COMMUNITY COLLEGE SOMERSET, KY | PER DONEE'S GENERAL PURPOSE | $37,418 |
| SOUTHERN SEMINARY LOUISVILLE, KY | PER DONEE'S GENERAL PURPOSE | $37,418 |
| SUNRISE CHILDREN'S SERVICES MOUNT WASHINGTON, KY | PER DONEE'S GENERAL PURPOSE | $74,837 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Wo and Lois Newell Charitable Trust?
Wo and Lois Newell Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SOMERSET, KY. It holds $13.4M in total assets as of 2024.
How large is Wo and Lois Newell Charitable Trust?
As of 2024, Wo and Lois Newell Charitable Trust holds $13.4M in total assets with $829K in annual revenue. It awarded 13 grants totaling $748K in 2024.
Where does Wo and Lois Newell Charitable Trust operate?
Wo and Lois Newell Charitable Trust has awarded grants in Kentucky.
What size grants does Wo and Lois Newell Charitable Trust award?
In 2024, Wo and Lois Newell Charitable Trust awarded 13 grants totaling $748K — an average of about $58K per grant, based on its IRS Form 990 filings.
How much is Wo and Lois Newell Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Wo and Lois Newell Charitable Trust reported a distributable amount of $809K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wo and Lois Newell Charitable Trust's EIN?
Wo and Lois Newell Charitable Trust's EIN (Employer Identification Number) is 26-3939254. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Wo and Lois Newell Charitable Trust'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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