Newwave Foundation
Preselected recipients only
Newwave Foundation is a private foundation in Windsor Mill, Maryland. In tax year 2024 it gave $31,998 in 7 grants; the typical grant was $2,500 and the largest $11,148. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$31,998
- Number of grants7
- Typical grant$2,500
- Largest grant$11,148
- Assets$161,251
- New grantees60%
Giving in 2024 was down from $56,000 the year before.
60% of its 2024 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 | $56,000 | 5 | $193,922 |
| 2024 | $31,998 | 7 | $161,251 |
How to apply
Newwave Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Foundation website IRS filings on ProPublica
What Newwave Foundation funds
Where it gives
Its grants went to recipients in 3 states, the most to Maryland.
| State | Grants | Amount |
|---|---|---|
| Maryland | 4 | $14,498 |
| District of Columbia | 1 | $10,000 |
| Virginia | 2 | $7,500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Collegebound Foundation | Nwf scholarships | $11,148 |
| Collegebound DC | Nwf scholarships | $10,000 |
| Individual | Sponsorship | $5,000 |
| Individual | Sponsorship | $2,500 |
| Think PGC Inc | Sponsorship | $1,500 |
| Howard Community College Educational Foundation | Nwf scholarships | $1,250 |
| Wheel of Hope Initiative | Sponsorship | $600 |
Officers and trustees
- Sherifah Munis
- Darrel Frater
- Somachi Kachikwu
- Stephanie Lott
Questions people ask
Does Newwave Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Newwave Foundation give?
$31,998 in tax year 2024, across 7 grants, with a typical grant of $2,500.
Who runs Newwave Foundation?
Its 2024 filing lists Sherifah Munis (Executive Director), Darrel Frater (Member), Somachi Kachikwu (Member) and Stephanie Lott (Member).
What does Newwave Foundation fund?
Based on its grants, mainly education.