The Floyd J Reinhart Memorial Scholarship Foundation is a private foundation established in 1982 and based in Albany, New York. The foundation operates as a 501(c)(3) tax-exempt organization with a primary focus on providing scholarship grants for higher education.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
-1.2% YoY
Annual Giving
$102K
+21.4% YoY
Grant Count
67
-6.9% YoY
Avg Grant Size
$2K
+30.4% YoY
Under IRS private-foundation payout rules, Floyd J Reinhart Memorial Scholarship reported a distributable amount of $113K for 2025 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's purpose is to provide scholarship awards for higher education, with eligibility limited to current graduates of three specific high schools in Montgomery County, New York: Canajoharie, Fort Plain, and St. Johnsville high schools.
Grantmaking
The foundation typically selects grantees rather than accepting unsolicited proposals. It makes contributions only to preselected charitable organizations.
How to Apply
**
Ready to take the next step with Floyd J Reinhart Memorial Scholarship?
Geographic Focus
Where this funder awards grants
Grantmaking is concentrated in New York, with particular focus on recipients in Montgomery County.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (FYE June 2025):
- Total Assets: $1,361,182
- Total Revenues: $119,717
- Total Expenses: $135,453
- Investment Income and Dividends: $61,412
- Net Gain from Sale of Non-Inventory Assets: $58,305
Prior Year (FYE June 2024):
- Total Revenues: $129,486
- Investment Income and Dividends: $56,317
- Net Gain from Sale of Non-Inventory Assets: $73,169
The foundation has no employees and generates revenue primarily through investment income and asset sales rather than contributions.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,361,182 | $1,377,722 | $1,360,507 |
| Revenue | $119,717 | $129,486 | $95,952 |
| Expenses | $135,453 | $112,801 | $121,282 |
| Qualifying Distributions | $109,126 | $91,191 | $96,100 |
| Net Investment Income | $94,922 | $108,126 | $70,760 |
| Distributable Amount | $112,987 | $97,940 | $91,149 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Madison Koelhl ($4,600), Jeffrey Xiao ($2,636), Alexis Deon ($2,300).
| Recipient | Purpose | Amount |
|---|---|---|
| ALEX SMITH ALBANY, NY | SCHOLARSHIP | $1,318 |
| ALEXIS BERNARDO ALBANY, NY | SCHOLARSHIP | $840 |
| ALEXIS DEON PALATINE BRIDGE, NY | SCHOLARSHIP | $2,300 |
| ALISTAR FRUEHSTORFER PALATINE BRIDGE, NY | SCHOLARSHIP | $1,318 |
| ALIZA HOPKINS ALBANY, NY | SCHOLARSHIP | $2,300 |
| ALYSSA WILKINSON CANAJOHARIE, NY | SCHOLARSHIP | $2,300 |
| AVA FATTA CANAJOHARIE, NY | SCHOLARSHIP | $840 |
| AVERY MERCHANT FORT PLAIN, NY | SCHOLARSHIP | $2,300 |
| BRADY KEANE FORT PLAIN, NY | SCHOLARSHIP | $1,318 |
| CAITLYN BAKER CANAJOHARIE, NY | SCHOLARSHIP | $840 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Justin Brock - Principal Officer
- Lyn Goodell - Administrator (1 hour/week)
- Tom Poitras - Trustee (1 hour/week)
- John Bresonis - Officer (1 hour/week)
The foundation is governed by 3 officers and trustees.
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LYN GOODELL | ADMINISTRATOR | 1 | — |
| TOM POITRAS | TRUSTEE | 1 | — |
| JOHN BRESONIS | OFFICER | 1 | — |
Contact Information
- Address: 6 Metro Park Road, Albany, NY 12205-5941
- Phone: (518) 381-3644
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Floyd J Reinhart Memorial Scholarship fund?
The foundation's purpose is to provide scholarship awards for higher education, with eligibility limited to current graduates of three specific high schools in Montgomery County, New York: Canajoharie, Fort Plain, and St. Johnsville high schools.
How do I apply for a grant from Floyd J Reinhart Memorial Scholarship?
**Grant Activity:** • Made 81 grants in the most recent fiscal year (FYE June 2025) • Historical grantmaking shows 404 grants totaling $461,000 across available records • Individual grants have ranged from $540 to $2,000, with an average award of $1,000 and a median grant of $1,000 • Annual distribution has ranged between $84,000 and $187,000 from 2021 to 2024 • Highest grantmaking activity occurred in 2023 with $187,000 distributed across 162 grants • The foundation has supported 231 unique or…
Where does Floyd J Reinhart Memorial Scholarship make grants?
Grantmaking is concentrated in New York, with particular focus on recipients in Montgomery County.
What size grants does Floyd J Reinhart Memorial Scholarship award?
In 2025, Floyd J Reinhart Memorial Scholarship awarded 67 grants totaling $102K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Floyd J Reinhart Memorial Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Floyd J Reinhart Memorial Scholarship reported a distributable amount of $113K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Floyd J Reinhart Memorial Scholarship's EIN?
Floyd J Reinhart Memorial Scholarship's EIN (Employer Identification Number) is 14-1605307. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Floyd J Reinhart Memorial Scholarship's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Floyd J Reinhart Memorial Scholarship on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Floyd J Reinhart Memorial Scholarship to a real strategy.