New Harbor Charitable Foundation
Accepts applications
New Harbor Charitable Foundation is a private foundation in Chicago, Illinois. In tax year 2025 it gave $36,800 in 20 grants; the typical grant was $1,500 and the largest $2,500. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$36,800
- Number of grants20
- Typical grant$1,500
- Largest grant$2,500
- Assets$215,889
- New grantees55%
Giving in 2025 was up from $31,365 the year before.
55% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $31,500 | 15 | $270,748 |
| 2024 | $31,365 | 18 | $246,936 |
| 2025 | $36,800 | 20 | $215,889 |
How to apply
| Contact | Hayley Formolo 500 W Madison St Suite 2830, Chicago, IL 60661 |
|---|---|
| Phone or email | (312) 865-8605 |
| What to submit | Employees of New Harbor Capital Management, LP can make the submissions requesting a distribution be made. The nomination form includes the following for an organization: its name, size, focus, operating budget, 501 c3 status confirmation, and website. The form also asks if the employee nominating it has any relationship with the organization (example: donor or volunteer) and the requested donation size. The form also requests the reason for nominating the organization. |
What New Harbor Charitable Foundation funds
Where it gives
Its grants went to recipients in 4 states, the most to Illinois.
| State | Grants | Amount |
|---|---|---|
| Illinois | 17 | $31,800 |
| Colorado | 1 | $2,500 |
| Indiana | 1 | $1,500 |
| New York | 1 | $1,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Breakthrough | Unrestricted | $2,500 |
| Kids First Chicago | Unrestricted | $2,500 |
| Compudopt | Unrestricted | $2,500 |
| Year Up United | Unrestricted | $2,500 |
| Erie Family Health Center | Unrestricted | $2,500 |
| Chicago's Sunshine Enterprises Inc | Unrestricted | $2,500 |
| The Navigators | Unrestricted | $2,500 |
| Nourishing Hope Chicago | unrestricted | $2,500 |
| Chicago Chess Foundation | Unrestricted | $2,500 |
| The CARA Collective | Unrestricted | $1,500 |
| Aspire | Unrestricted | $1,500 |
| Chicago Parks Foundation | Unrestricted | $1,500 |
| Diabetes Will's Way | Unrestricted | $1,500 |
| Exodus World Service | Unrestricted | $1,500 |
| Mitchell Embrace NFP | Unrestricted | $1,500 |
| National Louis University | Unrestricted | $1,500 |
| Share Our Spare | Unrestricted | $1,500 |
| One Tail at a Time | Unrestricted | $1,000 |
| Memorial Sloan Kettering Cancer Center | Unrestricted | $1,000 |
| Forever Fortunate Felines | Unrestricted | $300 |
Officers and trustees
- Hayley Formolo
- Edward Lhee
- Thomas Formolo
Questions people ask
Does New Harbor Charitable Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does New Harbor Charitable Foundation give?
$36,800 in tax year 2025, across 20 grants, with a typical grant of $1,500.
Who runs New Harbor Charitable Foundation?
Its 2025 filing lists Hayley Formolo (President), Edward Lhee (Treasurer) and Thomas Formolo (Secretary).
What does New Harbor Charitable Foundation fund?
Based on its grants, mainly health.