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Samuel I. Newhouse Foundation, Inc.

Profile

Last Updated: 2016-07-29

At A Glance

Samuel I. Newhouse Foundation, Inc.

101 Park Ave., 4th Fl.

New York City, NY United States 10178-0300

Telephone: (212) 630-5900

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business

Financial Data

(yr. ended 2015-10-31)

Assets: $126,838,969

Total giving: $11,915,387

EIN

116006296

BRIDGE Number

2671398971

Background

Incorporated in 1945 in NY - Founded by the late Samuel I. Newhouse, Sr., who was the founder and publisher of the Advance Publications empire which currently controls Condé Nast Publications. From 1922 until his death in 1979, Newhouse built one of the country's largest communications empires that took in 31 newspapers in 22 cities: seven American magazines, magazines in Britain, France, Italy, and West Germany; five radio stations, cable television systems, and Eastern Microwave, Inc., a common carrier of television signals to cable systems in NY, PA, and New England. In 1960, the foundation made a gift of $2 million to establish a center for education and research in mass communications at Syracuse University. In subsequent years, a major portion of the foundation's funding has continued to support the center.

Purpose and Activities

The foundation established the Newhouse Communications Center at Syracuse University for education and research in mass communications. The foundation makes some awards to artists with disabilities.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Awards to artists with disabilities in recognition of their artistic merit.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Communication media
  • Higher education
  • Hospital care
  • Human services
  • Music
  • Nonprofits
  • Public affairs
  • Publishing
  • Secondary education
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • People with disabilities
  • Students
Organizations
  • Judaic institutions
  • Public charities

Financial Data

Year ended 2015-10-31

Assets: $126,838,969 (market value)

Gifts received: $4,500,000

Expenditures: $13,676,858

Total giving: $11,915,387

Qualifying distributions: $11,915,387