Good News Foundation Trust Co Michael E is a private foundation focused on Human Services, based in CLINTON, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.9M in total assets. In 2024, it awarded 1 grants totaling $586K. Net investment income was $172K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.9M
+2.3% YoY
Annual Giving
$586K
-5.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$586K
-5.7% YoY
Under IRS private-foundation payout rules, Good News Foundation Trust Co Michael E reported a distributable amount of $669K for 2024 — the minimum it must pay out in qualifying distributions.
About Good News Foundation Trust Co Michael E
Based on IRS filings
Good News Foundation Trust Co Michael E is a private foundation focused on Human Services, based in CLINTON, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.9M in total assets. In 2024, it awarded 1 grants totaling $586K. Net investment income was $172K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,888,266 | $8,684,992 | $8,273,897 |
| Revenue | $171,773 | $318,384 | $254,271 |
| Expenses | $695,126 | $724,557 | $733,753 |
| Qualifying Distributions | $586,164 | $621,406 | $617,372 |
| Net Investment Income | $171,773 | $318,384 | $254,271 |
| Distributable Amount | $668,653 | $586,164 | $621,406 |
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 Good News Foundation of Central New York ($586,164).
| Recipient | Purpose | Amount |
|---|---|---|
| GOOD NEWS FOUNDATION OF CENTRAL NEW YORK UTICA, NY | DISTRIBUTION | $586,164 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL BUCKLEY | TRUSTEE | 5 | $44,110 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Good News Foundation Trust Co Michael E?
Good News Foundation Trust Co Michael E is a private foundation focused on Human Services, based in CLINTON, NY. It holds $8.9M in total assets as of 2024.
How large is Good News Foundation Trust Co Michael E?
As of 2024, Good News Foundation Trust Co Michael E holds $8.9M in total assets with $172K in annual revenue. It awarded 1 grants totaling $586K in 2024.
Where does Good News Foundation Trust Co Michael E operate?
Good News Foundation Trust Co Michael E has awarded grants in New York.
What size grants does Good News Foundation Trust Co Michael E award?
In 2024, Good News Foundation Trust Co Michael E awarded 1 grants totaling $586K — an average of about $586K per grant, based on its IRS Form 990 filings.
How much is Good News Foundation Trust Co Michael E required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Good News Foundation Trust Co Michael E reported a distributable amount of $669K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Good News Foundation Trust Co Michael E's EIN?
Good News Foundation Trust Co Michael E's EIN (Employer Identification Number) is 16-6413692. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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