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Stanley C And Elsie M Scheetz Memorial Fund Fbo The Reading is a private trust based in BUFFALO, NY. The foundation received its IRS ruling in 1996. The principal officer is Bank Of Pennsylvania. It holds total assets of $2.7M. Annual income is reported at $916K. Total assets have grown from $1.8M in 2011 to $2.7M in 2023. The foundation is governed by 2 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 2016 to 2023. According to available records, Stanley C And Elsie M Scheetz Memorial Fund Fbo The Reading has made 2 grants totaling $307K, with a median grant of $153K. The foundation has distributed between $141K and $166K annually from 2022 to 2023. Individual grants have ranged from $141K to $166K, with an average award of $153K. Grant recipients are concentrated in Pennsylvania. 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.
Stanley C And Elsie M Scheetz Memorial Fund Fbo The Reading primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 2 grants. Its grantmaking reaches organizations primarily in PA.
Stanley C And Elsie M Scheetz Memorial Fund Fbo The Reading has distributed a total of $307K across 2 grants. The median grant size is $153K, with an average of $153K. Individual grants have ranged from $141K to $166K.
Stanley C And Elsie M Scheetz Memorial Fund Fbo The Reading typically selects its grantees rather than accepting unsolicited proposals.
Stanley C And Elsie M Scheetz Memorial Fund Fbo The Reading is headquartered in BUFFALO, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| M And T Bank | TRUSTEE | $26K | $0 | $26K |
| Henry M Koch Jr Esq | CO- TRUSTEE | $6K | $0 | $6K |
Total Giving
$184K
Total Assets
$2.7M
Fair Market Value
$3M
Net Worth
$2.7M
Grants Paid
$141K
Contributions
N/A
Net Investment Income
$396K
Distribution Amount
$136K
Total: $2.6M
Total Grants
2
Total Giving
$307K
Average Grant
$153K
Median Grant
$153K
Unique Recipients
1
Most Common Grant
$141K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Reading Hospital FoundationCHARITABLE | West Reading, PA | $141K | 2023 |