Cone Automatic Machine Co Charitable
Cone Automatic Machine Co Charitable Foundation is an independent private foundation established in Vermont and based in Ascutney, VT. The foundation is connected to the historical legacy of the Cone Automatic machine, a precision manufacturing innovation developed in Windsor, Vermont during World War I in response to increased production demands.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$615K
-6.6% YoY
Annual Giving
$87K
+31.8% YoY
Grant Count
32
+23.1% YoY
Avg Grant Size
$3K
+7.1% YoY
Under IRS private-foundation payout rules, Cone Automatic Machine Co Charitable reported a distributable amount of $38K for 2025 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation administers a scholarship program that accepts applications from eligible candidates. The foundation actively seeks applicants for its scholarship program, with application periods announced periodically through local news outlets.
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Geographic Focus
Where this funder awards grants
The foundation operates in Vermont, with a particular connection to the Windsor and Ascutney area of the state.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $615,113 | $658,233 | $705,496 |
| Revenue | $56,303 | $30,355 | $38,534 |
| Expenses | $99,423 | $77,620 | $84,923 |
| Qualifying Distributions | $87,000 | $66,000 | $73,500 |
| Net Investment Income | $43,880 | $18,735 | $27,111 |
| Distributable Amount | $37,508 | $36,734 | $37,835 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
143 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Mt Ascutney Hospital & Health Center ($11,000), Keene State College ($8,000), University of Vermont ($8,000).
| Recipient | Purpose | Amount |
|---|---|---|
| River Valley Community College Claremont, NH | Scholarship | $1,500 |
| Keene State College Keene, NH | Scholarship | $8,000 |
| Champlain College Burlington, VT | Scholarship | $3,000 |
| Providence College Providence, RI | Scholarship | $4,000 |
| Plymouth State University Plymouth, NH | Scholarship | $3,000 |
| Colby Sawyer College New London, NH | Scholarship | $1,500 |
| American Precision Museum Windsor, VT | Grant | $1,000 |
| Bentley University Waltham, MA | Scholarship | $2,000 |
| Boy Scouts Troop No 232 Waterbury, VT | Donation | $500 |
| Boy Scouts Troop No 279 Waterbury, VT | Donation;ListTotal 0 | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Linda J Kidder | Trustee | 1 | — |
| Wayne E Pfenning | Trustee | 0.25 | — |
| Elizabeth Ryan | Trustee | 0.25 | — |
Recent News & Activity
Recent developments and announcements
The foundation has actively promoted its scholarship program in recent years, with application solicitations announced in 2018, 2020, and 2025, indicating ongoing commitment to supporting students through educational scholarships.
Charitable foundation opens scholarship program application submissionsContact Information
Mailing Address:
PO Box 167
Ascutney, VT 05030-0167
United States
Telephone:
603-542-6103
EIN:
03-6004866
Frequently Asked Questions
How do I apply for a grant from Cone Automatic Machine Co Charitable?
The foundation administers a scholarship program that accepts applications from eligible candidates. The foundation actively seeks applicants for its scholarship program, with application periods announced periodically through local news outlets.
Where does Cone Automatic Machine Co Charitable make grants?
The foundation operates in Vermont, with a particular connection to the Windsor and Ascutney area of the state.
What size grants does Cone Automatic Machine Co Charitable award?
In 2025, Cone Automatic Machine Co Charitable awarded 32 grants totaling $87K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Cone Automatic Machine Co Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Cone Automatic Machine Co Charitable reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Cone Automatic Machine Co Charitable's EIN?
Cone Automatic Machine Co Charitable's EIN (Employer Identification Number) is 03-6004866. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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