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Form 990-PFTax year 2025EIN 88-1822631

New Harbor Charitable Foundation

A private foundation in Chicago, IL. Its return for tax year 2025 lists 20 grants and $36,800 paid in grants.

See which foundations fund work like yours Matching by cause, place and grant size

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Hayley Formolo
500 W Madison St Suite 2830
Chicago, IL 60661
(312) 865-8605
Form and materials
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.
Deadlines
None
Restrictions
None

Assets and giving by year

4 returns on file
Grants paid by tax year. The latest year is in blue.

  • Tax year 2025

    $36,800

    Grants listed
    20
    Assets, end of year
    $215,889

  • Tax year 2024

    $31,365

    Grants listed
    18
    Assets, end of year
    $246,936

  • Tax year 2023

    $31,500

    Grants listed
    15
    Assets, end of year
    $270,748

  • Tax year 2022

    $0

    Grants listed
    0
    Assets, end of year
    $300,000

Grants paid in 2025

20 grants, largest first

As listed on the return.

  1. BreakthroughChicago, IL

    Unrestricted

    $2,500
  2. Kids First ChicagoChicago, IL

    Unrestricted

    $2,500
  3. CompudoptDowners Grove, IL

    Unrestricted

    $2,500
  4. Year Up UnitedChicago, IL

    Unrestricted

    $2,500
  5. Erie Family Health CenterChicago, IL

    Unrestricted

    $2,500
  6. Chicago's Sunshine Enterprises IncChicago, IL

    Unrestricted

    $2,500
  7. The NavigatorsColorado Springs, CO

    Unrestricted

    $2,500
  8. Nourishing Hope ChicagoChicago, IL

    unrestricted

    $2,500
  9. Chicago Chess FoundationChicago, IL

    Unrestricted

    $2,500
  10. The CARA CollectiveChicago, IL

    Unrestricted

    $1,500
  11. AspireHillside, IL

    Unrestricted

    $1,500
  12. Chicago Parks FoundationChicago, IL

    Unrestricted

    $1,500
  13. Diabetes Will's WayCarmel, IN

    Unrestricted

    $1,500
  14. Exodus World ServicePark Ridge, IL

    Unrestricted

    $1,500
  15. Mitchell Embrace NFPRichton Park, IL

    Unrestricted

    $1,500
  16. National Louis UniversityWheeling, IL

    Unrestricted

    $1,500
  17. Share Our SpareChicago, IL

    Unrestricted

    $1,500
  18. One Tail at a TimeChicago, IL

    Unrestricted

    $1,000
  19. Memorial Sloan Kettering Cancer CenterNew York, NY

    Unrestricted

    $1,000
  20. Forever Fortunate FelinesPalatine, IL

    Unrestricted

    $300

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Sports and recreation2 grants $4,00025% of the total
  2. Human services2 grants $3,00018% of the total
  3. Community development1 grant $2,50015% of the total
  4. Health1 grant $2,50015% of the total
  5. Education1 grant $1,5009% of the total
  6. International aid1 grant $1,5009% of the total
  7. 1 other causes2 grants $1,3008% of the total

By State

Grants to organizations with a US address, latest year.

  1. Illinois17 grants $31,800
  2. Colorado1 grant $2,500
  3. Indiana1 grant $1,500
  4. New York1 grant $1,000

Officers, directors and trustees

3 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Hayley FormoloPresident Hours 0Pay $0
  • Edward LheeTreasurer Hours 0Pay $0
  • Thomas FormoloSecretary Hours 0Pay $0

The return

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