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Also known as: C/O GLENS FALLS NATIONAL BANK AND TRUST
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Hoy Family Charitable Trust is a private trust based in GLENS FALLS, NY. The foundation received its IRS ruling in 2020. The principal officer is Glens Falls National Bank. It holds total assets of $326K. Annual income is reported at $111K. Total assets have grown from $50K in 2019 to $280K in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Hoy Family Charitable Trust has made 7 grants totaling $26K, with a median grant of $4K. Annual giving has grown from $250 in 2020 to $11K in 2023. Individual grants have ranged from $250 to $8K, with an average award of $4K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
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.
Hoy Family Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NY.
Hoy Family Charitable Trust has distributed a total of $26K across 7 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $250 to $8K.
Hoy Family Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Hoy Family Charitable Trust is headquartered in GLENS FALLS, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Adam J Hoy | TRUSTEE | $0 | $0 | N/A |
| Marilyn Kraus Glens Falls National | TRUSTEE | $0 | $0 | N/A |
| Sarah B Hoy | GRANTOR AND TRUSTEE | $0 | $0 | N/A |
| Katherine H May | TRUSTEE | $0 | $0 | N/A |
| Robert W Hoy | TRUSTEE | $0 | $0 | N/A |
Total Giving
$13K
Total Assets
$280K
Fair Market Value
$310K
Net Worth
$280K
Grants Paid
$11K
Contributions
$50K
Net Investment Income
$6K
Distribution Amount
$13K
Total Grants
7
Total Giving
$26K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
4
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Tri-County United WayGENERAL SUPPORT | Queensbury, NY | $8K | 2023 |
| North Country MinistryGENERAL SUPPORT | Warrensburg, NY | $4K | 2023 |
| Conklin CenterGENERAL SUPPORT | Glens Falls, NY | $1K | 2022 |
| Salvation Army Of Glens FallsRED KETTLE CAMPAIGN | Glens Falls, NY | $250 | 2020 |