The Newby Foundation
- Assets
- $9.2m
- Revenue
- $11.0m
- Investments
- $6.1m
- Employees
- 0
- Location
- Amherst, MA
- Founding
- Data as of
- 12/2023
- EIN
- 86-6509144
Organization Overview
The Newby Foundation is located in Amherst, MA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Newby Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2022, Newby Foundation has awarded 17 individual grants totaling $2,859,500. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INACTIVE, NEWLY ESTABLISHED
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,882,797 |
| Interest on Savings | $1,237 |
| Dividends & Interest | $90,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $70,252 |
| Capital Gain Net Income | $70,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,044,504 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,040 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,040 |
| Contributions, gifts, grants paid | $2,822,500 |
| Total expenses and disbursements | $2,826,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,002,256 |
| 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 | $92,137 |
| Total assets | $9,207,552 |
| 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, The Newby Foundation has awarded $2,822,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FOXIE G FOUNDATION PURPOSE: CONTRIBUTION TO QUALIFYING 501(C)(3) ORGANIZATION | $150,000 |
DAKIN HUMANE SOCIETY PURPOSE: CONTRIBUTION TO QUALIFYING 501(C)(3) ORGANIZATION | $10,000 |
FRANKLIN & B NEWBY FUND PURPOSE: CONTRIBUTION TO DONOR ADVISED FUNDS | $1,320,000 |
LAURA AND ANDREWS NEWBY FAMILY FUND PURPOSE: CONTRIBUTION TO DONOR ADVISED FUNDS | $1,320,000 |
BUILD ON PURPOSE: CONTRIBUTION TO QUALIFYING 501(C)(3) ORGANIZATION | $5,000 |
HEALTH WAGON PURPOSE: CONTRIBUTION TO QUALIFYING 501(C)(3) ORGANIZATION | $5,000 |