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Otto A Shults Foundation is a private trust based in BUFFALO, NY. The foundation received its IRS ruling in 1964. The principal officer is Central Trust Co. It holds total assets of $854K. Annual income is reported at $255K. 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, Otto A Shults Foundation has made 40 grants totaling $202K, with a median grant of $3K. The foundation has distributed between $47K and $108K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $108K distributed across 20 grants. Individual grants have ranged from $2K to $13K, with an average award of $5K. The foundation has supported 11 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$2K
Average Grant
$5K
Largest Grant
$12K
Based on 10 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.
Otto A Shults Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in NY.
Otto A Shults Foundation has distributed a total of $202K across 40 grants. The median grant size is $3K, with an average of $5K. Individual grants have ranged from $2K to $13K.
Otto A Shults Foundation typically selects its grantees rather than accepting unsolicited proposals.
Otto A Shults Foundation is headquartered in BUFFALO, NY.
Officer and trustee information is not yet available for this foundation. This data is typically reported in Part VIII of the 990-PF filing.
Total Giving
$64K
Total Assets
$851K
Fair Market Value
$951K
Net Worth
$851K
Grants Paid
$47K
Contributions
N/A
Net Investment Income
$14K
Distribution Amount
$45K
Total: $837K
Total Grants
40
Total Giving
$202K
Average Grant
$5K
Median Grant
$3K
Unique Recipients
11
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Nazareth UniversityCHARITABLE UNRESTRICTED | Rochester, NY | $12K | 2023 |
| St John Fisher CollegeCHARITABLE UNRESTRICTED | Rochester, NY | $9K | 2023 |
| St Bernards Sch Theology & MinistryCHARITABLE UNRESTRICTED | Rochester, NY | $9K | 2023 |
| The University Of RochesterCHARITABLE UNRESTRICTED | Rochester, NY | $2K | 2023 |
| Office Of Social MinistryCHARITABLE UNRESTRICTED | Rochester, NY | $2K | 2023 |
| United Way Of Greater RochesterCHARITABLE UNRESTRICTED | Rochester, NY | $2K | 2023 |
| Aquinas Institute Of RochesterCHARITABLE UNRESTRICTED | Rochester, NY | $2K | 2023 |
| St Thomas More ChurchCHARITABLE UNRESTRICTED | Rochester, NY | $2K | 2023 |
| St Josephs ChurchCHARITABLE UNRESTRICTED | Wayland, NY | $2K | 2023 |
| Mcquaid Jesuit High SchoolCHARITABLE UNRESTRICTED | Rochester, NY | $2K | 2023 |
| Nazareth College Of RochesterCHARITABLE UNRESTRICTED | Rochester, NY | $13K | 2022 |