Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE CHARLOTTE W NEWCOMBE FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)35 PARK PLACE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
PRINCETON, NJ085426918
A Employer identification number

23-2120614
B Telephone number (see instructions)

(609) 924-7022
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$49,813,598J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments 62 62  
4 Dividends and interest from securities... 420,603 858,421  
5a Gross rents............ 30,000 30,000  
b Net rental income or (loss) 11,476
6a Net gain or (loss) from sale of assets not on line 10 639,427
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 536,035
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
5,005,493 1,852,966  
12 Total. Add lines 1 through 11........ 6,095,585 3,277,484  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 220,000 57,000   163,000
14 Other employee salaries and wages...... 107,086 10,709   96,377
15 Pension plans, employee benefits....... 21,544 4,178   17,366
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
62,510 31,255   31,255
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
422,685 561,286   31,726
17 Interest...............   82,273    
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
56,139 40,969   17,268
19 Depreciation (attach schedule) and depletion... 24,821 12,411  
20 Occupancy.............. 38,458 6,170   32,288
21 Travel, conferences, and meetings....... 36,666 0   36,666
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
10,125 111,500   9,852
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,000,034 917,751   435,798
25 Contributions, gifts, grants paid....... 2,317,616 2,322,615
26 Total expenses and disbursements. Add lines 24 and 25 3,317,650 917,751   2,758,413
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 2,777,935
b Net investment income (if negative, enter -0-) 2,359,733
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 230,931 186,761 186,761
2 Savings and temporary cash investments......... 3,560,594 627,517 627,517
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow871,878
Less: accumulated depreciation (attach schedule) right arrow604,601 292,098 267,277 1,524,279
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 41,381,790 Click to see attachment
List of Attached Documents:
// Content
46,060,884 		46,060,884
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
342,932 		Click to see attachment
List of Attached Documents:
// Content
1,414,157 		Click to see attachment
List of Attached Documents:
// Content
1,414,157
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 45,808,345 48,556,596 49,813,598
Liabilities 17 Accounts payable and accrued expenses.......... 38,197 37,470
18 Grants payable................. 901,526 900,022
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22)......... 939,723 937,492
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 44,868,622 47,619,104
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 44,868,622 47,619,104
30 Total liabilities and net assets/fund balances (see instructions). 45,808,345 48,556,596
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
44,868,622
2
Enter amount from Part I, line 27a .....................
2
2,777,935
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
47,646,557
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
27,453
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
47,619,104
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a ACADIAN K-1 (EIN # 20-0075649) P 2006-12-31 2023-12-31
b ADAGE CAPITAL PARTNERS K-1 (EIN # 04-3574590) P 2008-10-01 2023-12-31
c AG REALTY FUND IX K-1 (EIN # 47-1483532) P 2014-07-01 2023-12-31
d AG REALTY FUND X K-1 (EIN #82-4343654 ) P 2019-12-31 2023-12-31
e WGI EMERGING MARKETS K-1 (EIN # 20-3377269) P 2015-06-30 2023-12-31
FUNDSMITH SUSTAINABLE EQUITY FUND, LP K-1 (EIN # 37-1913764) P 2020-09-30 2023-12-31
GENERATION IM ASIA FUND, LP K-1 (EIN #27-4757414) P 2020-06-30 2023-12-31
WELLINGTON MANAGEMENT COMPANY LP (EIN #30-0835489) P 2001-06-01 2023-12-31
FARRALON CAPITAL F5 (EIN #98-1248159) P 2020-01-01 2023-12-31
FORESTER OFFSHORE P 2022-01-01 2023-12-31
NYES LEDGE CAPITAL OFFSHORE P 2022-01-01 2023-12-31
IMPACTIVE CAPITAL FUND LTD. (FROM PFIC STMT) P 2022-01-01 2023-12-31
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a       -35,992
b       -2,098
c       -83,789
d       72,455
e       15,914
      -43,835
      -142,323
      41,514
      62,653
      364,458
      274,969
      12,109
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -35,992
b       -2,098
c       -83,789
d       72,455
e       15,914
      -43,835
      -142,323
      41,514
      62,653
      364,458
      274,969
      12,109
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 536,035
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 32,800
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 32,800
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 32,800
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 84,002
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 84,002
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 51,202
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow51,202 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrow
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .Click to see attachment
List of Attached Documents:
// Content
8b
 
No
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.NEWCOMBEFOUNDATION.ORG
14
The books are in care ofright arrowGIANNA DURSO-FINLEY Telephone no.right arrow (609) 924-7022

Located atright arrow35 PARK PLACEPRINCETONNJ ZIP+4right arrow085426918
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
DALE R ANGLIN TRUSTEE
2.00 		8,000 0 0
35 PARK PL
PRINCETON,NJ085426918
ELIZABETH T FRANK TRUSTEE
2.00 		8,000 0 0
35 PARK PL
PRINCETON,NJ085426918
LOUISE U JOHNSON TRUSTEE
2.00 		8,000 0 0
35 PARK PL
PRINCETON,NJ085426918
J BARTON LUEDEKE TRUSTEE
2.00 		8,000 0 0
35 PARK PL
PRINCETON,NJ085426918
GIANNA DURSO-FINLEY EXECUTIVE DIRECTOR
40.00 		180,000 13,500 0
35 PARK PL
PRINCETON,NJ085426918
JOHN BOWLIN TRUSTEE
2.00 		8,000 0 0
35 PARK PL
PRINCETON,NJ085426918
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
LINDSEY G BOHRA ASSOC. EXEC DIR.
40.00 		107,086 8,031 0
35 PARK PLACE
PRINCETON,NJ085426918
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
PRIME BUCHHOLZ LLC CONSULTANTS 63,950
273 CORPORATE DRIVE SUITE 250
PORTSMOUTH,NH03801
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 EDUCATIONAL ACTIVITIES INCLUDING THE NEWCOMBE CONFERENCE. 15,269
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
44,052,332
b
Average of monthly cash balances.......................
1b
2,552,549
c
Fair market value of all other assets (see instructions)................
1c
1,524,279
d
Total (add lines 1a, b, and c).........................
1d
48,129,160
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
48,129,160
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
721,937
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
47,407,223
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
2,370,361
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
2,370,361
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
32,800
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
32,800
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
2,337,561
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
2,337,561
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
2,337,561
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
2,758,413
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
2,758,413
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 2,337,561
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 296,881
b From 2019......  
c From 2020......  
d From 2021...... 489,558
e From 2022...... 354,367
f Total of lines 3a through e ........ 1,140,806
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 2,758,413
a Applied to 2022, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 2,337,561
e Remaining amount distributed out of corpus 420,852
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 1,561,658
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		296,881
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		1,264,777
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021.... 489,558
d Excess from 2022.... 354,367
e Excess from 2023.... 420,852
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
GIANNA DURSO-FINLEY
35 PARK PL
PRINCETON,NJ08542
(609) 924-7022
INFO@NEWCOMBEFOUNDATION.ORG
bThe form in which applications should be submitted and information and materials they should include:
SEE STATEMENT 14
cAny submission deadlines:
SEE STATEMENT 15
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
SEE STATEMENT 16
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

ALVERNIA UNIVERSITY

400 ST BERNARDINE STREET
READING,PA19607 		NONE PC MATURE STUDENTS SCHOLARSHIPS 10,000

BARUCH COLLEGE

ONE BERNARD BARUCH WAY
NEW YORK,NY10010 		NONE PC MATURE STUDENTS SCHOLARSHIPS 37,500

BROOKLYN COLLEGE FOUNDATION

2900 BEDFORD AVE
BROOKLYN,NY11210 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 25,000

CABRINI UNIVERSITY

610 KING OF PRUSSIA RD
RADNOR,PA19087 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 25,000

CEDAR CREST COLLEGE

100 COLLEGE DR
ALLENTOWN,PA18104 		NONE PC MATURE STUDENTS SCHOLARSHIPS 45,000

CHATHAM UNIVERSITY

ONE WOODLAND ROAD
PITTSBURGH,PA15232 		NONE PC MATURE STUDENTS SCHOLARSHIPS 25,000

COLUMBIA UNIVERSITY

408 LEWISOHN HALL
NEW YORK,NY10027 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 50,000

CUNY SCHOOL OF PROFESSIONAL STUDIES

119 W 31ST ST
NEW YORK,NY10001 		NONE PC MATURE STUDENTS SCHOLARSHIPS 50,000

DELAWARE VALLEY UNIVERSITY

700 E BUTLER AVENUE
DOYLESTOWN,PA18901 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 25,000

FAIRLEIGH DICKINSON

100 RIVER ROAD
TEANECK,NJ07666 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 40,000

GALLAUDET UNIVERSITY

800 FLORIDA AVE NE
WASHINGTON,DC20002 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 32,000

GEORGIA STATE UNIVERSITY

33 GILMER STREET SE
ATLANTA,GA30303 		NONE PC MATURE STUDENTS SCHOLARSHIPS 50,000

GWYNEDD-MERCY UNIVERSITY

SUMNEYTOWN PIKE
GWYNEDD VALLEY,PA19437 		NONE PC MATURE STUDENTS SCHOLARSHIPS 40,000

KEAN UNIVERSITY FOUNDATION

1000 MORRIS AVE
UNION,NJ07083 		NONE PC MATURE STUDENTS SCHOLARSHIPS 35,000

MISERICORDIA UNIVERSITY

301 LAKE ST
DALLAS,PA18612 		NONE PC MATURE STUDENTS SCHOLARSHIPS 20,000

MONMOUTH UNIVERSITY

400 CEDAR AVENUE
WEST LONG BRANCH,NJ07764 		NONE PC MATURE STUDENTS SCHOLARSHIPS 40,000

MORGAN STATE UNIVERSITY

1700 E COLD SPRING LN
BALTIMORE,MD21251 		NONE PC MATURE STUDENTS SCHOLARSHIPS 50,000

MT ALOYSIUS COLLEGE

7373 ADMIRAL PEARY HWY
CRESSON,PA16630 		NONE PC MATURE STUDENTS SCHOLARSHIPS 20,000

MUHLENBERG COLLEGE

2400 CHEW ST
ALLENTOWN,PA18104 		NONE PC MATURE STUDENTS SCHOLARSHIPS 30,000

NEW JERSEY CITY UNIVERSITY

2039 JOHN F KENNEDY BLVD W
JERSEY CITY,NJ07035 		NONE PC MATURE STUDENTS SCHOLARSHIPS 50,000

NOTRE DAME OF MARYLAND UNIVERSITY

4701 NORTH CHARLES STREET
BALTIMORE,MD21210 		NONE PC MATURE STUDENTS SCHOLARSHIPS 15,000

PEIRCE UNIVERSITY

1420 PINE ST
PHILADELPHIA,PA19102 		NONE PC MATURE STUDENTS SCHOLARSHIPS 35,000

PENN STATE ABINGTON

1600 WOODLAND ROAD
ABINGTON,PA19001 		NONE PC MATURE STUDENTS SCHOLARSHIPS 40,000

PENN STATE UNIVERSITY

201 OLD MAIN
UNIVERSITY PARK,PA16802 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 65,000

RIDER UNIVERSITY

2083 LAWRENCEVILLE RD
LAWRENCEVILLE,NJ08648 		NONE PC MATURE STUDENTS SCHOLARSHIPS 35,000

RUTGERS UNIVERSITY - NEWARK

195 UNIVERSITY AVE
NEWARK,NJ07102 		NONE PC MATURE STUDENTS SCHOLARSHIPS 60,000

SAINT JOSEPH'S UNIVERSITY

5600 CITY LINE AVE
PHILADELPHIA,PA19131 		NONE PC MATURE STUDENTS SCHOLARSHIPS 25,000

SAINT PETER'S UNIVERSITY

2641 JOHN F KENNEDY BLVD
JERSEY CITY,NJ07306 		NONE PC SPECIAL SCHOLARSHIP ENDOWMENT 50,000

TEMPLE UNIVERSITY

BROAD MONTGOMERY ST
PHILADELPHIA,PA19122 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 25,000

THE INSTITUTE FOR CITIZENS AND SCHOLARS

PO 5281
PRINCETON,NJ08543 		NONE PC DOCTORAL FELLOWSHIPS AND SCHOLARSHIPS 850,116

THOMAS EDISON STATE UNIVERSITY FOUNDATION

111 W STATE ST
TRENTON,NJ08608 		NONE PC MATURE STUDENTS SCHOLARSHIPS 60,000

TOWSON UNIVERSITY FOUNDATION

8000 YORK ROAD
TOWSON,MD21252 		NONE PC MATURE STUDENTS SCHOLARSHIPS 40,000

UNIVERSITY MARYLAND COLLEGE PARK

8400 BALTIMORE AVE STE 200
COLLEGE PARK,MD20740 		NONE PC MATURE STUDENTS SCHOLARSHIPS 33,000

UNIVERSITY OF BALTIMORE

1130 N CHARLES ST
BALTIMORE,MD21201 		NONE PC MATURE STUDENTS SCHOLARSHIPS 35,000

UNIVERSITY OF MARYLAND - UNIVERSITY COLLEGE

6900 GEORGIA AVE MW
WASHINGTON,DC20307 		NONE PC MATURE STUDENTS SCHOLARSHIPS 30,000

UNIVERSITY OF MARYLAND BALTIMORE COUNTY

1000 HILLTOP CIRCLE
BALTIMORE,MD21250 		NONE PC MATURE STUDENTS SCHOLARSHIPS 30,000

VILLANOVA UNIVERSITY

800 E LANCASTER AVE
VILLANOVA,PA19085 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 25,000

WILSON COLLEGE

1025 PHILADELPHIA AVE
CHAMBERSBURG,PA17201 		NONE PC MATURE STUDENTS SCHOLARSHIPS 25,000

YORK COLLEGE

441 COUNTRY CLUB RD
YORK,PA17403 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 20,000

PENN COLLEGE OF TECHNOLOGY

1 COLLEGE AVE
WILLIAMSPORT,PA17701 		NONE PC MATURE STUDENTS SCHOLARSHIPS 50,000

MOUNT ST MARY'S

16300 OLD EMMITSBURG ROAD
EMMITSBURG,MD21727 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 25,000

MONTCLAIR STATE

1 NORMAL AVE
MONTCLAIR,NJ07043 		NONE PC SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES 50,000
Total .................................right arrow 3a 2,322,616
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		    14 62  
4 Dividends and interest from securities ....     14 420,603  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 11,476  
6 Net rental income or (loss) from personal property          
7 Other investment income .....     18 5,644,920  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 0  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 6,077,061 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
6,077,061
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING FEES 62,510 31,255   31,255

TY 2023 ExplnOfNonFilingWithAGStmt
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Statement:
NJ DOES NOT WANT A COPY OF FORM 990PF FILED WITH THE ATTORNEY GENERAL WHEN NO PUBLIC CONTRIBUTIONS ARE SOLICITED.

TY 2023 GeneralExplanationAttachment
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Identifier Return Reference Explanation
  FORM 990-PF, PART XV, 2B THE FORM IN WHICH APPLICATIONS SHOULD BE SUBMITTED AND INFORMATION AND MATERIALS THEY SHOULD INCLUDE : COLLEGES & UNIVERSITIES INTERESTED IN NEWCOMBE SCHOLARSHIPS MAY WRITE OR PHONE THE FOUNDATION'S OFFICE; APPLICATION PROCEDURES WILL BE EXPLAINED. APPLICATION FOR NEWCOMBE SCHOLARSHIPS FOR MATURE STUDENTS OR FOR NEWCOMBE SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES REQUIRES COMPLETION OF INFORMATION FORMS AND SUBMISSION OF A REQUEST FOR FUNDING THAT EXPLAINS SERVICES PROVIDED TO SUCH STUDENTS,ADMINISTRATION ARRANGEMENTS FOR THE PROPOSED SCHOLARSHIP GRANT, AND ANY MATCHING FUNDING THE COLLEGE OR UNIVERSITY WOULD PROVIDE TO AUGMENT THE NEWCOMBE FUNDING OR TO BUILD AN ENDOWED SCHOLARSHIP FUND TO BENEFIT THESE STUDENTS. NOTE GEOGRAPHICAL RESTRICTIONS IN STATEMENT 17. IN EVERY CASE, A COPY OF THE INSTITUTION'S LETTER OF EXEMPT STATUS UNDER IRS CODE MUST ACCOMPANY THE APPLICATION AND THE INSTITUTION'S EMPLOYER IDENTIFICATION NUMBER (EIN) MUST BE FURNISHED. APPLICATION FOR NEWCOMBE DOCTORAL DISSERTATION FELLOWSHIPS IN ETHICS AND RELIGION MUST BE MADE TO THE INSTITUTE FOR CITIZENS AND SCHOLARS, WHICH HANDLES SELECTION OF FELLOWS AND ADMINISTRATION OF THIS DOCTORAL DISSERTATION FELLOWSHIP PROGRAM.CONTACT:NEWCOMBE DOCTORAL DISSERTATION FELLOWSHIPSTHE INSTITUTE FOR CITIZENS AND SCHOLARSCN 5281PRINCETON, NJ 08543-5281609-452-7007
  FORM 990-PF, PART XV, 2C ANY SUBMISSION DEADLINES:APPLICATION MATERIAL FOR SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES AND FOR MATURE STUDENTS IS AVAILABLE FOR COLLEGES & UNIVERSITIES FROM MID-JUNE TO MID-SEPTEMBER WITH A NOVEMBER 1ST DEADLINE FOR NEW APPLICATIONS; GRANTS ARE ANNOUNCED IN MAY. THE INSTITUTE FOR CITIZENS AND SCHOLARS MAKES NEWCOMBE FELLOWSHIP MATERIALS AVAILABLE UNTIL NOVEMBER 1ST; APPLICATIONS MUST BE COMPLETED BY NOVEMBER 15TH; FELLOWSHIP AWARDS ARE ANNOUNCED IN APRIL.
  FORM 990-PF, PART XV, 2D ANY RESTRICTIONS OR LIMITATIONS ON AWARDS :ALL GRANTS OF THE NEWCOMBE FOUNDATION ARE FOR SCHOLARSHIPS OR DOCTORAL FELLOWSHIPS IN THE PROGRAMS LISTED ABOVE. GRANTS ARE ONLY MADE TO COLLEGES, UNIVERSITIES, OR FOUNDATIONS. NO GRANTS ARE MADE TO INDIVIDUALS. NO MONEY IS AVAILABLE FOR PROGRAM DEVELOPMENT, STAFFING OR GENERAL SUPPORT. NO FUNDS ARE AWARDED FOR POST-DOCTORAL WORK. NEWCOMBE FOUNDATION GRANTS ARE MADE IN THREE PROGRAMS WITH THE FOLLOWING RESTRICTIONS:(1) NEWCOMBE DOCTORAL DISSERTATION FELLOWSHIPS: UP TO 30 NEWCOMBE FELLOWS ARE SELECTED ANNUALLY IN A NATIONAL COMPETITION. DOCTORAL DEGREE CANDIDATES WHOSE WORK FOCUSES ON ETHICS AND RELIGION MAY APPLY TO THE INSTITUTE FOR CITIZENS AND SCHOLARS (ADDRESS ABOVE). SUPPORT IS LIMITED TO ONE YEAR.(2) NEWCOMBE SCHOLARSHIPS FOR MATURE STUDENTS TEND TO BE RESTRICED GEOGRAPHICALLY TO COLLEGES AND UNIVERSITIES IN PA, NJ, MD, DE, DC AND NY CITY. NO GRANTS ARE MADE IN THIS PROGRAM TO TWO-YEAR COLLEGES, PUBLIC OR PRIVATE, OR TO THEOLOGICAL SEMINARIES APPLICANT COLLEGES MUST OFFER GOOD SUPPORTIVE SERVICES TO MATURE STUDENTS.(3) NEWCOMBE SCHOLARSHIPS FOR STUDENTS WITH DISABILITIES TEND TO BE RESTRICTED GEOGRAPHICALLY TO COLLEGES & UNIVERSITIES IN PA, NJ, MD, DE, DC AND NY CITY. NO GRANTS ARE MADE IN THIS PROGRAM TO TWO YEAR COLLEGES, PUBLIC OR PRIVATE. APPLICANT COLLEGES MUST OFFER GOOD SUPPORTIVE SERVICES TO STUDENTS WITH DISABILITIES.

TY 2023 InvestmentsOtherSchedule2
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
ACADIAN INTL SMALL CAP FUND AT COST 1,923,838 1,923,838
ADAGE CAPITAL PARTNERS AT COST 5,390,821 5,390,821
AG CORE PLUS REALTY II AT COST 1,114 1,114
AG REALTY FUND IX AT COST 547,835 547,835
AG REALTY FUND X AT COST 1,342,822 1,342,822
COMUNIDAD SIMFA AT COST 373,365 373,365
DODGE & COX GLOBAL FUND AT COST 2,273,174 2,273,174
FARALLON CAPITAL F5 AT COST 2,323,933 2,323,933
FORESTER OFFSHORE AT COST 845,782 845,782
FUNDSMITH SUSTAINABLE EQUITY AT COST 1,954,821 1,954,821
GENERATION IM AT COST 2,869,977 2,869,977
MAP HERITAGE AT COST 1,411,895 1,411,895
NYES LEDGE CAPITAL AT COST 746,425 746,425
VANGUARD DEV MARKETS INDEX AT COST 2,181,744 2,181,744
VANGUARD EXTD MKT IDX AT COST 1,520,048 1,520,048
VANGUARD FT SE SOCIAL INDEX AT COST 6,773,642 6,773,642
VANGUARD IT GOVT BOND INDEX AT COST 1,137,794 1,137,794
VANGUARD ST IPS AT COST 3,541,849 3,541,849
WESTWOOD WGI EMERGING MKTS AT COST 2,600,465 2,600,465
AG REALTY FUND XI AT COST 195,966 195,966
CLIMATE ADAPTIVE AT COST 551,478 551,478
NB SECONDARY OPPORTUNITIES OFFSHORE FUND V LP AT COST 424,476 424,476
OBVIOUS VENTURES AT COST 232,786 232,786
WELLINGTON AT COST 2,416,205 2,416,205
IMPACTIVE CAPITAL FUND AT COST 1,222,585 1,222,585
SUMMIT PARTNERS SUSTAINABLE PARTNERS AT COST 1,256,044 1,256,044

TY 2023 OtherAssetsSchedule
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
PREPAID EXPENSES AND OTHER CURRENT ASSETS 11,310 12,621 12,621
DUE FROM BROKER 195,121 1,287,620 1,287,620
EXCISE TAX PREPAID 136,501 113,916 113,916


TY 2023 OtherDecreasesSchedule
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Description Amount
PRIOR PERIOD ADJUSTMENT - AUDIT ADJUSTMENT FOR FEDERAL EXCISE TAXES 27,453


TY 2023 OtherExpensesSchedule
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OFFICE SUPPLIES 347 0   347
INSURANCE 2,072 0   2,072
PAYROLL PROCESSING 1,092 273   819
COMPUTER EXPENSE 3,001 0   3,001
OTHER 100 0   100
POSTAGE 207 0   207
TELEPHONE 3,306 0   3,306
ROYALTY EXPENSES THRU K-1S 0 111,227   0


TY 2023 OtherIncomeSchedule2
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
UNREALIZED GAINS/LOSS ON INVESTMENTS 1,819,910 0 1,819,910
PARTNERSHIP INCOME (LOSS) 3,185,583 1,852,966 3,185,583


TY 2023 OtherProfessionalFeesSchedule
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER PROFESSIONAL FEES 95,676 63,950   31,726
INVESTMENT ADVISOR FEES 327,009 497,336   0


TY 2023 TaxesSchedule
Name:
THE CHARLOTTE W NEWCOMBE FOUNDATION
EIN:
23-2120614
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 21,327 4,058   17,268
FOREIGN TAXES 0 36,911   0
EXCISE TAX 34,812 0   0