Charlotte W Newcombe Foundation
- Assets
- $51.2m
- Revenue
- $5.0m
- Investments
- $45.7m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/1980
- Data as of
- 12/2020
- EIN
- 23-2120614
Organization Overview
Charlotte W Newcombe Foundation is located in Princeton, NJ. The organization was established in 1980. 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. Charlotte W Newcombe 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 2014, Charlotte W Newcombe Foundation has awarded 206 individual grants totaling $10,818,198. 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
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARLOTTE W NEWCOMBE FOUNDATION PROVIDES GRANTS TO SUPPORT EDUCATIONAL INSTITUTIONS TO FUND A MAJOR NATIONAL FELLOWSHIP PROGRAM IN THE HUMANITIES AND SOCIAL SCIENCES AT THE DOCTORAL DISSERTATION LEVEL, AND THREE SCHOLARSHIP PROGRAMS AT THE UNDERGRADUATE LEVEL. THE FOUNDATION DOES NOT MAKE GRANTS TO INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gianna Durso-Finley Executive Director | 40 | $160,208 | |
J Barton Luedeke Trustee | 2 | $8,000 | |
John Bowlin Trustee | 2 | $8,000 | |
Dale R Anglin Trustee | 2 | $8,000 | |
Elizabeth T Frank Trustee | 2 | $8,000 | |
Louise U Johnson Trustee | 2 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $163 |
| Dividends & Interest | $169,673 |
| Net Rental Income | $12,159 |
| Net Gain on Sale of Assets | $258,878 |
| Capital Gain Net Income | $949,463 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,567,637 |
| Total Revenue | $5,026,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $196,300 |
| Other employee salaries and wages | $93,000 |
| Pension plans, employee benefits | $9,972 |
| Interest | $0 |
| Taxes | $40,407 |
| Depreciation | $20,837 |
| Occupancy | $35,674 |
| Travel, conferences, and meetings | $3,087 |
| Printing and publications | $914 |
| Other expenses | $11,941 |
| Total operating and administrative expenses | $865,840 |
| Contributions, gifts, grants paid | $1,852,926 |
| Total expenses and disbursements | $2,718,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,949 |
| Savings and temporary cash investments | $4,490,302 |
| 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 | $326,619 |
| Investments—mortgage loans | $0 |
| Investments—other | $45,730,889 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $402,760 |
| Total assets | $51,163,519 |
| Accounts payable and accrued expenses | $36,452 |
| Grants payable | $1,198,237 |
| 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 | $1,234,689 |
Grants Awarded
Over the last fiscal year, Charlotte W Newcombe Foundation has awarded $2,627,986 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
THE INSTITUTE FOR CITIZENS AND SCHOLARS PURPOSE: DOCTORAL FELLOWSHIPS AND SCHOLARSHIPS | $785,486 |
NEW JERSEY CITY UNIVERSITY PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $100,000 |
Trenton, NJ PURPOSE: STUDENT RESEARCH IN POLICY AND LEADERSHIP | $100,000 |
RUTGERS UNIVERSITY - NEWARK PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $85,000 |
Trenton, NJ PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $75,000 |
GEORGIA STATE UNIVERSITY PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |