Hite Memorial Fund
Hite Memorial Fund is a private foundation, based in Buffalo, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $806K in total assets. In 2025, it awarded 2 grants totaling $47K. Net investment income was $68K.
Hite Memorial Fund at a glance
In short: Hite Memorial Fund gave $47K across 2 grants in 2025 (avg $24K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $47,219
- +13.5% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $23,610
- +13.5% vs 2024
- Median grant
- $23,610
- Total assets
- $805,944
- +2.3% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Hite Memorial Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Nason Foundation ($27K). Together the top 2 received $47K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Hite Memorial Fund gives
- Giving held roughly steady from 2022 to 2025 (−12%). Method
- In 2025 it paid out 105% of 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 2020 to 2025, annual grant giving ranged from $42K (2024) to $54K (2022). In 2025 it made 2 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nason Foundation Altoona, PA | General Support | $26,915 |
| Trinity United Methodist Church Roaring Spring, PA | General Support | $20,304 |
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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 | $805,944 | $86,553 | $68,086 | $47,219 | 2 | $48,719 | $68,452 | $46,324 |
| 2024 | $787,501 | $55,230 | $60,995 | $41,619 | 2 | $41,619 | $36,535 | $47,219 |
| 2023 | $794,405 | $46,669 | $61,518 | $44,035 | 2 | $45,535 | $30,899 | $43,119 |
| 2022 | $810,352 | $52,819 | $83,863 | $53,958 | 2 | $55,458 | $35,751 | $45,535 |
| 2021 | $842,851 | $86,883 | $71,229 | $47,039 | 2 | $47,039 | $66,018 | $53,958 |
| 2020 | $827,698 | $34,243 | $69,282 | $46,847 | 2 | — | $15,357 | $47,039 |
Under IRS private-foundation payout rules, Hite Memorial Fund reported a distributable amount of $46K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hite Memorial Fund's only listed officer is M & T Trust Co, Trustee on filings since 2021 (compensated).
Officers on the 2025 filing
M & T Trust Co
Trustee
On filings since 2021
1 hr/week
$19K (2021) → $18K (2025)
Former officers (3)
- Former: M & T Bank (2024) — Trustee
- Former: M. & T. (2022–2023) — Trustee
- Former: Manufacturers AND Traders Trust CO (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $18K, to M & T Trust Co (Trustee).
Frequently asked questions about Hite Memorial Fund
How much does Hite Memorial Fund give each year?
Hite Memorial Fund gave $47K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $42K across 2 grants.
How large is Hite Memorial Fund?
Hite Memorial Fund reported $806K in total assets on its 2025 IRS Form 990-PF. It paid out $49K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).
Where does Hite Memorial Fund operate?
Hite Memorial Fund has awarded grants in Pennsylvania, Puerto Rico.
What is Hite Memorial Fund's EIN?
Hite Memorial Fund's EIN (Employer Identification Number) is 25-6338897. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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