Funder DirectoryNEWALLIANCE FOUNDATION INC
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Private foundation (trust)EIN 562453619Est. 2005-11

NEWALLIANCE FOUNDATION INC

NEW HAVEN, CT 065102009

Accepts unsolicited proposals

Total Assets

$32.2M

FY 2024

Annual Giving

$994K

FY 2024

Grants Made

144

FY 2024

Avg Grant

$7K

FY 2024

Grant Range

$50–$25K

Typical

Deadlines

Please refer to our website www.newall…

Applications

Programs & Activities

Program 1

$54K

Ready for the grade - newalliance foundation established ready for the grade, a partnership with public libraries in the foundation's service area to reduce the loss in reading ability low-income children grades k-3 experience during the summer. In 2024, 6 libraries participated in the program, serving 119 students. All but one student maintained or improved reading levels over the course of the summer. Staff of the libraries convene twice a year to report the status of the program and share successes and challenges. An independent evaluator collects data, measures impact, observes each program in operation, and publishes a written report to document findings. Newalliance foundation staff also visit each site. The intention is for students to enter school in september ready to learn, solid in their retained reading skills, and with the same literacy advantages as their non-low-income peers.

Financial Snapshot

2024 filing

Total Revenue

$1.2M

Total Expenses

$1.8M

Qualifying Distributions

$1.6M

Distributable Amount

$1.5M

Min. Investment Return

$1.6M

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Grant Range

144 grants

Grant sizes from minimum $50 through median $5K to maximum $25K, shown on a logarithmic scale.

Logarithmic scale — typical grant portfolios span orders of magnitude, so distances are proportional to multiplicative change, not dollar gaps.

Giving Over Time

4 years

Giving over time from 2021 to 2024. Peak $1.1M in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

500 grants

BOOKER T WASHINGTON ACADEMY
$105K
5 grants
LEADERSHIP EDUCATION AND ATHLETICS IN PARTNERSHIP
$105K
5 grants
NEW HAVEN READS
$87K
6 grants
LITERACY VOLUNTEERS OF GREATER NEW HAVEN
$85K
4 grants
NEW HAVEN FREE PUBLIC LIBRARY
$84K
5 grants
MUSIC HAVEN
$80K
4 grants
PROJECT ACCESS OF NEW HAVEN
$80K
4 grants
NEW REACH
$80K
4 grants

Grant Size Distribution

500 grants

<$10K
386
grants
$10–50K
114
grants
$50–250K
$250K–1M
$1–5M
$5M+

Geographic Focus

7 states

Connecticut
$4.0M
99% of total
Massachusetts
$38K
1% of total
New York
$13K
0% of total
Oregon
$1K
0% of total
Arkansas
$900
0% of total
Tennessee
$500
0% of total
Rhode Island
$50
0% of total

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