Hoy Family Charitable Trust

Private foundation · Grantmaker Glens Falls, NY EIN: 83-6915419

Hoy Family Charitable Trust is a private foundation, based in Glens Falls, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $367K in total assets. In 2025, it awarded 1 grant totaling $11K. Net investment income was $9K.

Key facts about Hoy Family Charitable Trust

In short: Hoy Family Charitable Trust gave $11K across 1 grant in 2025 (avg $11K), mostly in New York. Source: 2025 IRS Form 990-PF.

EIN
83-6915419
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$11,300
Grants made (2025)
1
Average grant
$11,300
Median grant
$11,300
Total assets
$367,203
Primary geography
New York (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$367K

+12.8% YoY

Annual Giving

$11K

-13.9% YoY

Grant Count

1

-50.0% YoY

Avg Grant Size

$11K

+72.1% YoY

Under IRS private-foundation payout rules, Hoy Family Charitable Trust reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.

How Hoy Family Charitable Trust gives

  • Giving grew 33% from 2022 to 2025. Method
  • In 2025 it paid out 53% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

QueensburyGlens FallsWarrensburg

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K1 grant2020 1 grant2021 3 grants2022 2 grants2023 2 grants2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $250 (2020) to $13K (2024). In 2025 it made 1 grant totaling $11K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Tri-County United Way: $11KTri-County United Way$11K

The largest 2025 recipient was Tri-County United Way ($11K).

Grant Size Distribution

9 grants across all recorded years

9<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 9 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Tri-County United Way Queensbury, NYGeneral Support$11,300

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$367,203$325,545$280,391
Revenue$57,045$61,684$54,392
Expenses$15,387$16,530$13,435
Qualifying Distributions$11,300$13,130$11,100
Net Investment Income$8,819$11,661$5,579
Distributable Amount$21,328$11,283$13,199

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
  6. Added Form 990-PF for fiscal year 2025 (received by the IRS April 28, 2026)

Leadership & Key People

Officers and directors from IRS filings

Hoy Family Charitable Trust's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Sarah B. Hoy

    Grantor & Trustee

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Adam J. Hoy

    Trustee

    On filings since 2023

    No compensation reported

  • Katherine H. May

    Trustee

    On filings since 2023

    No compensation reported

  • Robert W. Hoy

    Trustee

    On filings since 2023

    No compensation reported

  • Marilyn Kraus Arrow Bank NA

    Trustee

    New on the 2025 filing

    0.5 hrs/week

    No compensation reported

Former officers (3)
  • Former: Marilyn Kraus Glens Falls National (2023–2024) — Trustee
  • Former: Laura Vamvalis Glens Falls National (2020–2022) — Trustee
  • Former: Thomas L. Hoy (2020–2022) — Grantor & 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.

Frequently asked questions about Hoy Family Charitable Trust

How much does Hoy Family Charitable Trust give each year?

Hoy Family Charitable Trust gave $11K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $13K across 2 grants.

How large is Hoy Family Charitable Trust?

Hoy Family Charitable Trust reported $367K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Hoy Family Charitable Trust operate?

Hoy Family Charitable Trust has awarded grants in New York.

What is Hoy Family Charitable Trust's EIN?

Hoy Family Charitable Trust's EIN (Employer Identification Number) is 83-6915419. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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