Charlotte W Newcombe Foundation
- Assets
- $0.0
- Revenue
- $6.4m
- Investments
- $50.6m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 05/1980
- Data as of
- 12/2021
- 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.
For the year ending 12/2021, Charlotte W Newcombe Foundation generated $6.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charlotte W Newcombe Foundation has awarded 249 individual grants totaling $13,156,473. 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
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 |
|---|---|---|---|
Dale R Anglin Trustee | 2 | $8,000 | |
Elizabeth T Frank Trustee | 2 | $8,000 | |
Louise U Johnson Trustee | 2 | $8,000 | |
J Barton Luedeke Trustee | 2 | $8,000 | |
Gianna Durso-Finley Executive Director | 40 | $167,400 | |
John Bowlin Trustee | 2 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $71 |
| Dividends & Interest | $316,080 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,741,797 |
| Total Revenue | $6,403,978 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,208 |
| Pension plans, employee benefits | $15,332 |
| Depreciation | $21,150 |
| Occupancy | $35,905 |
| Travel, conferences, and meetings | $4,446 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $1,182,015 |
| Contributions, gifts, grants paid | $2,390,775 |
| Total expenses and disbursements | $3,572,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600,046 |
| Investments—mortgage loans | $0 |
| Investments—other | $50,580,234 |
| Other assets | $246,143 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charlotte W Newcombe Foundation has awarded $2,338,275 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ALVERNIA UNIVERSITY PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $10,000 |
BARUCH COLLEGE PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $43,750 |
BLOOMFIELD COLLEGE PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $30,000 |
BROOKLYN COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES | $25,000 |
CABRINI UNIVERSITY PURPOSE: SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES | $30,000 |
CHATHAM UNIVERSITY PURPOSE: MATURE STUDENTS SCHOLARSHIPS | $25,000 |