Berthe M Cote Foundation Inc

Foundation · Grantmaker NEW YORK, NY EIN: 14-1681452

Berthe M Cote Foundation Inc is a private foundation, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 6 grants totaling $190K. Net investment income was $131K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

-3.0% YoY

Annual Giving

$190K

+5.7% YoY

Grant Count

-14.3% YoY

Avg Grant Size

$32K

+23.3% YoY

Under IRS private-foundation payout rules, Berthe M Cote Foundation Inc reported a distributable amount of $211K for 2024 — the minimum it must pay out in qualifying distributions.

About Berthe M Cote Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $510K (58%)

District of Columbia $189K (22%)

Connecticut $176K (20%)

States

Connecticut District of Columbia New York

Cities

AlbanyBethlehemCohoesGreenwichLathamNew YorkTroyWashingtonWaterville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,744,589	$2,829,513	$2,956,812
Revenue	$181,336	$120,886	$65,111
Expenses	$263,533	$245,293	$122,121
Qualifying Distributions	$214,869	$205,254	$59,087
Net Investment Income	$131,123	$74,466	$21,139
Distributable Amount	$210,571	$186,294	$193,937

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

24 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Family Centers Inc ($70,000), Holy Family Hospital of Bethlehem ($54,000), Maria College ($30,000).

Recipient	Purpose	Amount
FAMILY CENTERS INC GREENWICH, CT	EXEMPT ORGANIZATION'S	$70,000
MARIA COLLEGE ALBANY, NY	LAERDAL SIMULATOR BABY	$30,000
LANSINGBURGH CENTRAL SCHOOL DISTRICT TROY, NY	EXEMPT ORGANIZATION'S	$3,310
HUDSON MOHAWK ROAD RUNNER CLUB COHOES, NY	JUST RUN PROGRAM	$30,000
HOLY FAMILY HOSPITAL OF BETHLEHEM WASHINGTON, DC	FOR ORGANIZATION'S EXEMPT	$54,000
NIGHT OUT FOR YOU INC WATERVILLE, NY	GENERAL EXEMPT PURPOSES	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL D DEFABIO	PRESIDENT	30	$3,000
BRIAN S KREMER ESQ	FIRST VICE PRESIDENT	10	$3,000
LINDA R FRANCISCOVICH	SECOND VP /SEC-TREAS	10	$3,000

Frequently Asked Questions

How large is Berthe M Cote Foundation Inc?

As of 2024, Berthe M Cote Foundation Inc holds $2.7M in total assets with $181K in annual revenue. It awarded 6 grants totaling $190K in 2024.

Where does Berthe M Cote Foundation Inc operate?

Berthe M Cote Foundation Inc has awarded grants in Connecticut, District of Columbia, New York.

What size grants does Berthe M Cote Foundation Inc award?

In 2024, Berthe M Cote Foundation Inc awarded 6 grants totaling $190K — an average of about $32K per grant, based on its IRS Form 990 filings.

How much is Berthe M Cote Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Berthe M Cote Foundation Inc reported a distributable amount of $211K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.