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Bank Of Utica Foundation Inc. is a private corporation based in UTICA, NY. The foundation received its IRS ruling in 1992. The principal officer is Tom C Sinnott. It holds total assets of $11.3M. Annual income is reported at $421K. Total assets have grown from $2M in 2011 to $11.5M in 2023. The foundation is governed by 5 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in New York. According to available records, Bank Of Utica Foundation Inc. has made 303 grants totaling $1.6M, with a median grant of $2K. Annual giving has decreased from $1.1M in 2022 to $552K in 2023. Individual grants have ranged from $100 to $100K, with an average award of $5K. The foundation has supported 169 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$2K
Average Grant
$7K
Largest Grant
$100K
Based on 74 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Bank Of Utica Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 303 grants. Its grantmaking reaches organizations primarily in NY.
Bank Of Utica Foundation Inc. has distributed a total of $1.6M across 303 grants. The median grant size is $2K, with an average of $5K. Individual grants have ranged from $100 to $100K.
Bank Of Utica Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Bank Of Utica Foundation Inc. is headquartered in UTICA, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Tom E Sinnott | CHAIRMAN & SECRETARY | $0 | $0 | N/A |
| Barry J Sinnott | PRESIDENT & TREASURER | $0 | $0 | N/A |
| Steve Walthall | ASSISTANT SECRETARY | $0 | $0 | N/A |
| Joan Sinnott | ASSISTANT TREASURER | $0 | $0 | N/A |
| Laura M Sinnott | ASSISTANT TREASURER | $0 | $0 | N/A |
Total Giving
$557K
Total Assets
$11.5M
Fair Market Value
$10.2M
Net Worth
$11.5M
Grants Paid
$552K
Contributions
N/A
Net Investment Income
$402K
Distribution Amount
$512K
Total: $8.8M
Total Grants
303
Total Giving
$1.6M
Average Grant
$5K
Median Grant
$2K
Unique Recipients
169
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Hope HouseGENERAL | Utica, NY | $5K | 2023 |
| Mohawk Valley Health System (Mvhs)GENERAL | Utica, NY | $100K | 2023 |
| Munson Williams Proctor Arts InstituteGENERAL | Utica, NY | $75K | 2023 |
| Cny Community Arts Council Inc (The Stanley)GENERAL | Utica, NY | $40K | 2023 |
| United Way Of The Mohawk Valley IncGENERAL | Utica, NY | $28K | 2023 |
| Ican Inc (For The Children'S Museum)GENERAL | Utica, NY | $20K | 2023 |
| Mohawk Valley EdgeGENERAL | Rome, NY | $16K | 2023 |
| Utica UniversityGENERAL | Utica, NY | $13K | 2023 |
| Central Association For The Blind IncGENERAL | Utica, NY | $10K | 2023 |
| Jctod Outreach (Johnson Park Ctr)GENERAL | Utica, NY | $10K | 2023 |
| The Utica ZooGENERAL | Utica, NY | $10K | 2023 |
| The One Charity Golf (Ufcw)GENERAL | Oriskany, NY | $9K | 2023 |
| Planned Parenthood Of Greater NyGENERAL | Utica, NY | $8K | 2023 |
| Utica Public LibraryGENERAL | Utica, NY | $7K | 2023 |
| Sculpture Space IncGENERAL | Utica, NY | $7K | 2023 |
| Boilermaker Road Race IncGENERAL | Utica, NY | $6K | 2023 |
| Greater Winfield Medical Building IncGENERAL | West Winfield, NY | $5K | 2023 |
| Friends Of The Arc Foundation IncGENERAL | Utica, NY | $5K | 2023 |
| The Center (Mv Resource Ctr For Refugees)GENERAL | Utica, NY | $5K | 2023 |
| Utica Neighborhood Housing ServicesGENERAL | Utica, NY | $5K | 2023 |
| Rescue Misson Of UticaGENERAL | Utica, NY | $5K | 2023 |
| The Community FoundationGENERAL | Utica, NY | $5K | 2023 |
| Resource Center For Independent LivingGENERAL | Utica, NY | $5K | 2023 |
| Greenutica (Cny Conservancy)GENERAL | Utica, NY | $5K | 2023 |
| Broadway Theatre LeagueGENERAL | Utica, NY | $5K | 2023 |
| Utica Monday NiteGENERAL | Utica, NY | $5K | 2023 |
| Oneida County History CenterGENERAL | Utica, NY | $5K | 2023 |
| Ywca Mohawk ValleyGENERAL | Utica, NY | $5K | 2023 |
| Abraham HouseGENERAL | Utica, NY | $5K | 2023 |
| Jewish Community Fed Of The Mv (Jcc)GENERAL | Utica, NY | $5K | 2023 |
| Utica Dollars For Scholars IncGENERAL | Utica, NY | $4K | 2023 |
| Mohawk Valley Latino AssociationGENERAL | Utica, NY | $4K | 2023 |
| Presbyterian Homes FoundationGENERAL | New Hartford, NY | $4K | 2023 |
| Rescue Misson Of Utica IncGENERAL | Utica, NY | $4K | 2023 |
| Landmarks Society Of Greater UticaGENERAL | Utica, NY | $3K | 2023 |
| The Business Training Institute IncGENERAL | Utica, NY | $3K | 2023 |
| Empowered Pathways Inc (Werc)GENERAL | Utica, NY | $3K | 2023 |
| Capitol Arts ComplexGENERAL | Rome, NY | $3K | 2023 |
| On Point For College IncGENERAL | Utica, NY | $3K | 2023 |
| Mohawk Valley Performing Arts (Ballet)GENERAL | Utica, NY | $3K | 2023 |
| The Genesis GroupGENERAL | Utica, NY | $3K | 2023 |
| Mid-Utica Neighborhood Preservation CorpGENERAL | Utica, NY | $3K | 2023 |
| The Women'S Fund Of Herkimeroneida CntyGENERAL | Clinton, NY | $3K | 2023 |
| Thomas M Lindsey Memorial Fdn IncGENERAL | Utica, NY | $3K | 2023 |
| Uptown Theatre For Creative Arts Inc (Utca)GENERAL | Utica, NY | $3K | 2023 |
| Masonic Care Community Of NyGENERAL | Utica, NY | $3K | 2023 |
| Utica Safe SchoolsGENERAL | Utica, NY | $3K | 2023 |