New Harbor Charitable Foundation
The New Harbor Charitable Foundation is presented on the New Harbor Capital website as a private foundation formed in 2022; the page lists its mission, previous nonprofit partners, and a contact (Hayley Formolo) using the newharborcap.com email domain. The foundation’s officers and Chicago location match IRS/ProPublica filings under EIN 88-1822631.
Source: Website · Mar 2026
Ideal Applicant
Small-to-midsize local nonprofits (especially in Illinois) seeking modest unrestricted grants for community services, education, or basic human-services programs.
Good Fit
- • Located in Illinois or demonstrating clear local impact in the Chicago area.
- • Seeking relatively small one-time unrestricted grants (~$1.5k–$3.5k range).
- • Work in education, community services, food assistance, health, or faith-based community programs.
- • Has an existing relationship with or can be nominated by an employee of New Harbor Capital.
Geography
Grants extended to organizations in five states, but 81% of dollars and most grants are concentrated in Illinois and the foundation is Chicago-based.
Recipient Variety
The latest year shows 15 distinct independent grantees across education, community service, health, food pantry, and faith-based groups, indicating a broad recipient mix for a micro private foundation.
New Applicants
Observed giving shows many new grantees in the latest year, suggesting willingness to add new recipients, but the application route relies on employee nominations rather than an open public grant portal; the two-year record is limited so long-term openness cannot be fully confirmed.
Source: Zeffy Agent · Mar 2026
