Elsie M Scheetz Tw Fbo Reading Hospital

BUFFALO, NY EIN: 23-6844540

Elsie M Scheetz Tw Fbo Reading Hospital is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BUFFALO, 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 1 grants totaling $135K. Net investment income was $180K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.7M

+1.5% YoY

Annual Giving

$135K

-4.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$135K

-4.6% YoY

Under IRS private-foundation payout rules, Elsie M Scheetz Tw Fbo Reading Hospital reported a distributable amount of $153K for 2024 — the minimum it must pay out in qualifying distributions.

About Elsie M Scheetz Tw Fbo Reading Hospital

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $672K (100%)

States

Pennsylvania

Cities

West Reading

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,722,815	$2,683,565	$2,440,286
Revenue	$214,919	$427,968	$374,045
Expenses	$172,404	$183,577	$206,759
Qualifying Distributions	$136,038	$142,505	$167,279
Net Investment Income	$180,367	$395,537	$340,109
Distributable Amount	$153,000	$136,037	$142,505

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Reading Hospital Foundation ($134,538).

Recipient	Purpose	Amount
READING HOSPITAL FOUNDATION WEST READING, PA	CHARITABLE	$134,538

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
M AND T BANK	TRUSTEE	1	$26,307
HENRY M KOCH JR ESQ	CO- TRUSTEE	1	$6,577

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Elsie M Scheetz Tw Fbo Reading Hospital?

Elsie M Scheetz Tw Fbo Reading Hospital is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BUFFALO, NY. It holds $2.7M in total assets as of 2024.

How large is Elsie M Scheetz Tw Fbo Reading Hospital?

As of 2024, Elsie M Scheetz Tw Fbo Reading Hospital holds $2.7M in total assets with $215K in annual revenue. It awarded 1 grants totaling $135K in 2024.

Where does Elsie M Scheetz Tw Fbo Reading Hospital operate?

Elsie M Scheetz Tw Fbo Reading Hospital has awarded grants in Pennsylvania.

What size grants does Elsie M Scheetz Tw Fbo Reading Hospital award?

In 2024, Elsie M Scheetz Tw Fbo Reading Hospital awarded 1 grants totaling $135K — an average of about $135K per grant, based on its IRS Form 990 filings.

How much is Elsie M Scheetz Tw Fbo Reading Hospital required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Elsie M Scheetz Tw Fbo Reading Hospital reported a distributable amount of $153K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Elsie M Scheetz Tw Fbo Reading Hospital's EIN?

Elsie M Scheetz Tw Fbo Reading Hospital's EIN (Employer Identification Number) is 23-6844540. IRS Form 990 filing data is available on this page for 2020–2024.