Bank of Utica Foundation Inc
Bank of Utica Foundation Inc is a private foundation based in Utica, New York. In 2025, it made grants to charitable organizations, all of which were located in New York.
Key facts about Bank of Utica Foundation Inc
In short: Bank of Utica Foundation Inc gave $605K across 114 grants in 2025 (avg $5K), mostly in New York. 12% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 16-1423958
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $605,350
- Grants made (2025)
- 114
- Average grant
- $5,310
- Median grant
- $1,050
- New grantees (estimate)
- 12% first-time grantees (14 of 114, 2025)
- Total assets
- $11,158,327
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11.2M
-1.5% YoY
Annual Giving
$605K
+8.6% YoY
Grant Count
114
+0.9% YoY
Avg Grant Size
$5K
+7.7% YoY
Under IRS private-foundation payout rules, Bank of Utica Foundation Inc reported a distributable amount of $628K for 2025 — the minimum it must pay out in qualifying distributions.
Is Bank of Utica Foundation Inc open to new grantees?
12%
first-time grantees, 2025
In 2025, 14 of 114 grantees (12%) were first-time recipients. First grants averaged $543; repeat grants $6K. How we count
Medians: $500 first-time, $2K repeat.
- 83% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grantees illustrate the kinds of organizations it supports. For example, United Way of the Mohawk Valley describes its mission as connecting people, resources, and solutions to create a thriving community; Utica University says it empowers learners through educational pathways; and Central Association for the Blind says it provides vision rehabilitation and employment opportunities to people who are blind or visually impaired.
Other 2025 recipients include the Utica Public Library, which says it provides information and learning experiences to the greater Utica area, and Sculpture Space, which says it supports contemporary sculpture through artist residencies and related opportunities.
Grantmaking
In 2025, the foundation made 114 grants totaling $605,350. Grants ranged from $100 to $100,000, with a median grant of $1,050. Among its largest awards were $100,000 to Mohawk Valley Health System, $82,500 to Munson Williams Proctor Arts Institute, $40,000 to CNY Community Arts Council (The Stanley), $35,000 to The Utica Zoo, and $30,000 to United Way of the Mohawk Valley. Each of these grants was listed with the purpose “GENERAL.”
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Geographic Focus
Where this funder awards grants
All 2025 grant dollars went to organizations in New York. Recipients included organizations in Utica and Rome, as well as organizations elsewhere in the state, including The Community Foundation in Oyster Bay, Abraham House in the Bronx, and Hope House in Albany.
Grant Distribution by State
Share of 2025 grant dollars across all 114 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $488K (2020) to $605K (2025). In 2025 it made 114 grants totaling $605K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Mohawk Valley Health System (MVHS) ($100K). Together the top 10 received $382K.
Grant Size Distribution
514 grants across all recorded years
The most common grant size was under $50K: 504 grants of 514 (98%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mohawk Valley Health System (MVHS) Utica, NY | General | $100,000 |
| Munson Williams Proctor Arts Institute Utica, NY | General | $82,500 |
| CNY Community Arts Council Inc (The Stanley) Utica, NY | General | $40,000 |
| The Utica Zoo Utica, NY | General | $35,000 |
| United Way of the Mohawk Valley Inc Utica, NY | General | $30,000 |
| YWCA Mohawk Valley Utica, NY | General | $27,500 |
| Ican Inc (For the Children's Museum) Utica, NY | General | $25,000 |
| Mohawk Valley Edge Rome, NY | General | $17,000 |
| JCTOD Outreach (Johnson Park Ctr) Utica, NY | General | $15,000 |
| Central Association for the Blind Inc Utica, NY | General | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $11,158,327 | $439,455 | $613,990 | $605,350 |
| 2024 | $11,332,862 | $421,430 | $570,659 | $557,350 |
| 2023 | $11,482,091 | $401,856 | $556,579 | $551,650 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,158,327 | $11,332,862 | $11,482,091 |
| Revenue | $439,455 | $421,430 | $401,856 |
| Expenses | $613,990 | $570,659 | $556,579 |
| Qualifying Distributions | $605,350 | $557,350 | $551,650 |
| Net Investment Income | $439,455 | $421,430 | $401,856 |
| Distributable Amount | $627,974 | $555,523 | $512,066 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Tom E Sinnott as chairman and secretary; Barry J Sinnott as president and treasurer; Steve Walthall as assistant secretary; and Joan Sinnott and Laura M Sinnott as assistant treasurers.
Bank of Utica Foundation Inc is led by Barry J. Sinnott, President & Treasurer on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Barry J. Sinnott
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Tom E. Sinnott
Chairman & Secretary
On filings since 2020
1 hr/week
No compensation reported
Joan Sinnott
Assistant Treasurer
On filings since 2020
1 hr/week
No compensation reported
Steve Walthall
Assistant Secretary
On filings since 2020
1 hr/week
No compensation reported
Laura M. Sinnott
Assistant Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 222 Genesee Street, Utica, NY 13502
Phone: (315) 797-2700
Frequently asked questions about Bank of Utica Foundation Inc
How much does Bank of Utica Foundation Inc give each year?
Bank of Utica Foundation Inc gave $605K across 114 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $557K across 113 grants.
What is Bank of Utica Foundation Inc's typical grant size?
Bank of Utica Foundation Inc's median grant in 2025 was $1,050, and its average grant was $5,310, across 114 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Bank of Utica Foundation Inc that year got $543 on average.
Where does Bank of Utica Foundation Inc give grants?
Bank of Utica Foundation Inc gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Utica, NY (88 grants), Rome, NY (8 grants), Clinton, NY (5 grants) and New Hartford, NY (3 grants).
Does Bank of Utica Foundation Inc give general operating support?
Yes: 100% of Bank of Utica Foundation Inc's 2025 grants with a stated purpose (114 of 114) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Bank of Utica Foundation Inc's largest grantees?
Bank of Utica Foundation Inc's largest 2025 grantees include Mohawk Valley Health System (MVHS) ($100,000), Munson Williams Proctor Arts Institute ($82,500) and CNY Community Arts Council Inc (The Stanley) ($40,000), according to its 2025 IRS Form 990-PF. Together they received 37% of its itemized 2025 grant dollars.
How large is Bank of Utica Foundation Inc?
Bank of Utica Foundation Inc reported $11.2M in total assets on its 2025 IRS Form 990-PF. It paid out $605K in qualifying distributions that year, against a required minimum of $628K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Bank of Utica Foundation Inc fund?
No mission statement for the foundation is provided. Its 2025 grantees illustrate the kinds of organizations it supports. See mission & focus areas ↑
How do I apply for a grant from Bank of Utica Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Bank of Utica Foundation Inc's EIN?
Bank of Utica Foundation Inc's EIN (Employer Identification Number) is 16-1423958. IRS Form 990 filing data is available on this page for 2020–2025.
Does Bank of Utica Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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