Cornelius T & Elizabeth Lynch Scholarship
Cornelius T & Elizabeth Lynch Scholarship is a private foundation, based in Buffalo, NY. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $189K in total assets. In 2026, it awarded 5 grants totaling $10K. Net investment income was $13K.
Cornelius T & Elizabeth Lynch Scholarship at a glance
In short: Cornelius T & Elizabeth Lynch Scholarship gave $10K across 5 grants in 2026 (avg $2K), mostly in New York. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $10,000
- +2.6% vs 2025
- Grants made (2026)
- 5
- -28.6% vs 2025
- Average grant
- $2,000
- +43.6% vs 2025
- Median grant
- $2,000
- Total assets
- $188,686
- +1.1% vs 2025
- Primary geography
- New York (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026.
Who Cornelius T & Elizabeth Lynch Scholarship funds
How this funder distributes its grants
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
States
Cities
How Cornelius T & Elizabeth Lynch Scholarship gives
- Giving held roughly steady from 2023 to 2026 (+11%). Method
- In 2026 it paid out 95% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $5K (2020) to $11K (2022). In 2026 it made 5 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 5 individual scholarships Recipients not named | — | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $188,686 | $15,343 | $13,262 | $10,000 | 5 | $10,368 | $12,863 | $10,915 |
| 2025 | $186,593 | $21,429 | $13,205 | $9,750 | 7 | $10,400 | $18,762 | $10,171 |
| 2024 | $178,352 | $9,194 | $11,905 | $9,300 | 6 | $9,565 | $6,826 | $9,594 |
| 2023 | $181,108 | $7,379 | $11,974 | $9,000 | 6 | $9,304 | $4,774 | $10,592 |
| 2022 | $185,056 | $13,132 | $13,800 | $10,500 | 7 | $10,500 | $10,135 | $11,189 |
| 2021 | $185,726 | $16,826 | $12,810 | $10,500 | 5 | — | $14,565 | $10,257 |
| 2020 | $181,701 | $7,790 | $7,641 | $4,500 | 6 | — | $4,911 | $9,767 |
Under IRS private-foundation payout rules, Cornelius T & Elizabeth Lynch Scholarship reported a distributable amount of $11K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Cornelius T & Elizabeth Lynch Scholarship's only listed officer is M T Trust Company, Trustee on the 2026 filing (compensated).
Officers on the 2026 filing
M T Trust Company
Trustee
New on the 2026 filing
1 hr/week
$2K (2026)
Former officers (4)
- Former: Manufacturers Traders Trust CO (2025) — Trustee
- Former: M&t (2023–2024) — Trustee
- Former: M&T Trust CO (2022) — Trustee
- Former: M&T Bank (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $2K, to M T Trust Company (Trustee).
Frequently asked questions about Cornelius T & Elizabeth Lynch Scholarship
How much does Cornelius T & Elizabeth Lynch Scholarship give each year?
Cornelius T & Elizabeth Lynch Scholarship gave $10K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $10K across 7 grants.
What is Cornelius T & Elizabeth Lynch Scholarship's typical grant size?
Cornelius T & Elizabeth Lynch Scholarship's median grant in 2026 was $2,000, and its average grant was $2,000, across 5 grants on its 2026 IRS Form 990-PF.
Where does Cornelius T & Elizabeth Lynch Scholarship give grants?
Cornelius T & Elizabeth Lynch Scholarship gives mostly in New York: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there.
Does Cornelius T & Elizabeth Lynch Scholarship give general operating support?
Not in 2026: none of the 5 grants with a stated purpose on Cornelius T & Elizabeth Lynch Scholarship's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).
How large is Cornelius T & Elizabeth Lynch Scholarship?
Cornelius T & Elizabeth Lynch Scholarship reported $189K in total assets on its 2026 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $11K (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 is Cornelius T & Elizabeth Lynch Scholarship's EIN?
Cornelius T & Elizabeth Lynch Scholarship's EIN (Employer Identification Number) is 16-6014594. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 5, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS July 30, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 29, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 10, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 7, 2024)
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 9, 2026)
- IRS filings on file for fiscal years 2020–2025
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