Fred M Teel Charitable Trust
Fred M Teel Charitable Trust is a private foundation, based in Norwich, NY. IRS filing data is available from 2019 through 2025. In 2025, it awarded 1 grant totaling $50K. Net investment income was $9K.
Fred M Teel Charitable Trust at a glance
In short: Fred M Teel Charitable Trust gave $50K across 1 grant in 2025 (avg $50K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $49,864
- +1508.5% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $49,864
- +3117.0% vs 2024
- Median grant
- $49,864
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Fred M Teel Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Afton Central School District ($50K).
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Fred M Teel Charitable Trust gives
- Giving grew 2167% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $2K (2020) to $50K (2025). In 2025 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Afton Central School District Afton, NY | General Operating | $49,864 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $9,435 | $53,912 | $49,864 | 1 | $53,890 | $9,430 | $1,627 |
| 2024 | $44,443 | $1,535 | $4,518 | $3,100 | 2 | $3,917 | $939 | $2,473 |
| 2023 | $47,429 | $1,292 | $5,792 | $4,400 | 3 | $5,214 | $867 | $2,414 |
| 2022 | $51,926 | $1,768 | $3,812 | $2,200 | 2 | $3,043 | $1,177 | $2,612 |
| 2021 | $53,976 | $8,063 | $4,857 | $3,300 | 3 | $4,154 | $7,383 | $2,907 |
| 2020 | $50,783 | $2,605 | $3,782 | $2,200 | 2 | — | $1,908 | $2,745 |
| 2019 | $51,960 | $3,703 | $4,863 | $3,300 | 3 | — | $3,008 | $2,846 |
Under IRS private-foundation payout rules, Fred M Teel Charitable Trust reported a distributable amount of $2K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Fred M Teel Charitable Trust's only listed officer is NBT Bank NA, Trustee on every filing since 2019 (uncompensated).
Officers on the 2025 filing
NBT Bank NA
Trustee
On filings since 2019
1 hr/week
$728 (2019) → $0 (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $624, to NBT Bank NA (Trustee).
Frequently asked questions about Fred M Teel Charitable Trust
How much does Fred M Teel Charitable Trust give each year?
Fred M Teel Charitable Trust gave $50K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3K across 2 grants.
Where does Fred M Teel Charitable Trust operate?
Fred M Teel Charitable Trust has awarded grants in North Carolina, New York, Wisconsin.
How much is Fred M Teel Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Fred M Teel Charitable Trust reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Fred M Teel Charitable Trust's EIN?
Fred M Teel Charitable Trust's EIN (Employer Identification Number) is 15-6020508. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 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 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
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