Howard And Maryam Newman Family Foundation Inc
- Assets
- $11.6m
- Revenue
- $1.3m
- Investments
- $8.8m
- Employees
- 0
- Location
- Bedford, NY
- Founding
- 07/2005
- Data as of
- 11/2021
- EIN
- 20-1999992
Organization Overview
Howard And Maryam Newman Family Foundation Inc is located in Bedford, NY. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Howard And Maryam Newman Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Howard And Maryam Newman Family Foundation Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.2m during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Howard And Maryam Newman Family Foundation Inc has awarded 94 individual grants totaling $3,428,575. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard H Newman President | 1 | $0 | |
Zeena M Meurer Vice President | 0.5 | $0 | |
Maryam R Newman Treasurer | 0.5 | $0 | |
Elizabeth V Newman Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,040,750 |
| Interest on Savings | $74 |
| Dividends & Interest | $211,534 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$140 |
| Capital Gain Net Income | $951,985 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,252,218 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $77,485 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,287 |
| Total operating and administrative expenses | $90,572 |
| Contributions, gifts, grants paid | $1,085,340 |
| Total expenses and disbursements | $1,175,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,748,686 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,557,984 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Howard And Maryam Newman Family Foundation Inc has awarded $1,085,340 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY DEVELOPMENT PURPOSE: TO HELP YALE EXPAND AND SHARE KNOWLEDGE, INSPIRE INNOVATION ANDPRESERVE CULTURAL AND SCIENTIFIC INFORMATION FOR FUTURE GENERATIONS. | $500,000 |
THE SALK INSTITUTE FOR BIOLOGICAL STUDIES PURPOSE: TO HELP SALK EXPLORE THE VERY FOUNDATIONS OF LIFE, SEEKING NEW UNDERSTANDINGS IN NEUROSCIENCE | $500,000 |
DOCTORS WITHOUT BORDERS PURPOSE: TO PROVIDE MEDICAL CARE TO VICTIMS OF POLITICAL VIOLENCE AND NATURAL DISASTERS. | $20,000 |
BROOKLYN INSTITUTE FOR SOCIAL PURPOSE: TO OFFER CRITICAL, COMMUNITY BASED EDUCATION IN THE HUMANITIES AND SOCIAL SCIENCES. | $20,000 |
San Francisco, CA PURPOSE: TO HELP ACHIEVE MEANINGFUL SOCIAL IMPACT THROUGH STRATEGIC PHILANTHROPY THAT ADDRESSES THE MOST PRESSING PROBLEMS FACING THE WORLD TODAY | $10,000 |
ASPEN INSTITUTE PURPOSE: TO SUPPORT AND INVIGORATE THE ARTS IN AMERICA | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Redhill Foundation-Sam And Jean Rothberg Family Charitable Trust New York, NY | $42,979,654 | $7,387,635 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
Robert W Wilson Charitable Tr New York, NY | $246,803,641 | $15,248,568 |
The Zegar Family Foundation New York, NY | $255,794,688 | $35,430,517 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |
The Blackrock Charitable Foundation New York, NY | $304,949,202 | $10,722,340 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Zankel Fund New York, NY | $8,426,526 | $6,600,017 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Estee Lauder Companies Charitable Foundation New York, NY | $35,974,866 | $21,957,506 |