Good News Foundation Trust Co Michael E

CLINTON, NY EIN: 16-6413692

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

+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

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $3.0M (100%)

States

New York

Cities

Utica

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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).

No grants recorded for .

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

Human Services

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.