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William Sote Foundation is a private trust based in BUFFALO, NY. The foundation received its IRS ruling in 2011. The principal officer is M & T Bank. It holds total assets of $3.2M. Annual income is reported at $457K. 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 2020 to 2023. According to available records, William Sote Foundation has made 8 grants totaling $731K, with a median grant of $103K. Annual giving has decreased from $217K in 2020 to $75K in 2023. Grantmaking activity was highest in 2022 with $246K distributed across 2 grants. Individual grants have ranged from $37K to $123K, with an average award of $91K. The foundation has supported 2 unique organizations. 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.
William Sote Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in PA.
William Sote Foundation has distributed a total of $731K across 8 grants. The median grant size is $103K, with an average of $91K. Individual grants have ranged from $37K to $123K.
William Sote Foundation typically selects its grantees rather than accepting unsolicited proposals.
William Sote Foundation is headquartered in BUFFALO, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mt Bank | CO-TTEE | $30K | $0 | $30K |
| Carl E Trettin | CO-TTEE | $5K | $0 | $5K |
Total Giving
$114K
Total Assets
$3.2M
Fair Market Value
$4.1M
Net Worth
$3.2M
Grants Paid
$75K
Contributions
N/A
Net Investment Income
$92K
Distribution Amount
$216K
Total Grants
8
Total Giving
$731K
Average Grant
$91K
Median Grant
$103K
Unique Recipients
2
Most Common Grant
$37K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Albright CollegeEDUCATIONAL | Reading, PA | $37K | 2023 |
| Lock Haven University FoundationEDUCATIONAL | Lock Haven, PA | $37K | 2023 |