New Harbor Charitable Foundation
Total Given 2023–2023
$32K
15 grants · $32K avg/year
based on 1 yr of IRS 990-PF records on file
<$100K/yr
micro funder
capacity
$2K
typical micro grants · $2K–$2K
grant size
0%
transactional · single-year
repeat
$300K
Assets · 2022
15
Distinct recipients
Application Information
Accepts Unsolicited Proposals
Unknown
Contact Person
Hayley Formolo
Phone
3128787177
Deadlines
None
How to Apply
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.
Restrictions
None
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2022 | N/A | $300K | $300K | N/A |
| 2023 | $32K | $271K | $5K | 15 |
Grant Size Distribution
Based on 15 grants on record
Minimum
$2K
25th Pctl
$2K
Median
$2K
Average
$2K
75th Pctl
$2K
Maximum
$4K
Geographic Distribution
Key Personnel
| Name | Title | Compensation |
|---|---|---|
| Hayley Formolo | President | — |
| Edward Lhee | Treasurer | — |
| Thomas Formolo | Secretary | — |
Grants Awarded (15 total)
| Purpose | ||||
|---|---|---|---|---|
| One Tail at a Time | Chicago, IL | $3,500 | Unrestricted | 2023 |
| Bottom Line Chicago | Chicago, IL | $2,500 | Unrestricted | 2023 |
| Breakthrough Urban Ministries | Chicago, IL | $2,500 | Unrestricted | 2023 |
| Kids First Chicago | Chicago, IL | $2,500 | Unrestricted | 2023 |
| Year Up Chicago | Chicago, IL | $2,500 | Unrestricted | 2023 |
| Erie Family Health Foundation | Chicago, IL | $2,500 | Unrestricted | 2023 |
| Grace and Peace Church | Chicago, IL | $2,500 | Unrestricted | 2023 |
| Comp-U-Dopt | Downers Grove, IL | $2,500 | Unrestricted | 2023 |
| First Book | Washington, DC | $1,500 | Unrestricted | 2023 |
| West Deerfield Township Food Pantry | Deerfield, IL | $1,500 | Unrestricted | 2023 |
| Chicago International Charter School | Chicago, IL | $1,500 | Unrestricted | 2023 |
| Cure SPG4 Foundation | San Antonio, TX | $1,500 | Unrestricted | 2023 |
| The CARA Program | Chicago, IL | $1,500 | Unrestricted | 2023 |
| Extra Life | Salt Lake City, UT | $1,500 | Unrestricted | 2023 |
| The Navigators | Colorado Springs, CO | $1,500 | Unrestricted | 2023 |