The Hoyt Foundation is a private independent foundation based in New Castle, Pennsylvania, classified as a 501(c)(3) organization. Established in 1964, it operates as a grantmaking foundation with a focus on philanthropic activities across multiple sectors and geographic regions.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33.8M
-0.8% YoY
Annual Giving
$1.8M
+32.4% YoY
Grant Count
161
+1.3% YoY
Avg Grant Size
$11K
+30.7% YoY
Mission & Focus Areas
The foundation's mission emphasizes higher education, including scholarships, hospital support, and cultural programs. Primary funding areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Cultural programs
The foundation administers a Grants to Individuals Program providing scholarships limited to residents of Lawrence County, Pennsylvania. In 2024, the foundation awarded $334,368 in post-secondary scholarships to over 100 persons.
Grantmaking
The foundation maintains a scholarship committee with three members who receive honorariums of $2,500 each.
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Geographic Focus
Where this funder awards grants
The foundation supports various cities primarily in Pennsylvania, including Pittsburgh, Erie, and New Castle. Funding also extends to Indianapolis, Indiana, and Washington, D.C.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $33,786,658
- Total Revenue: $2,189,833
- Total Expenses: $2,452,489
- Total Liabilities: $0
Historical Context: The foundation has maintained substantial assets over time, with financial data available from 2011 forward through 2024 Form 990 filings.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $33,786,658 | $34,075,171 | $31,722,903 |
| Revenue | $2,189,833 | $5,162,596 | $3,840,656 |
| Expenses | $2,452,489 | $2,020,771 | $1,925,474 |
| Qualifying Distributions | $2,066,932 | $1,615,000 | $1,530,915 |
| Net Investment Income | $1,889,190 | $4,811,153 | $3,443,646 |
| Distributable Amount | $1,909,177 | $1,711,235 | $1,798,666 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Charles Y. Mansell – Board President and General Counsel (compensation: $53,550; 12 hours/week)
- Stephen R. Sant – Director (compensation: $21,420; 5 hours/week)
- Steven C. Warner – Director (compensation: $21,420; 5 hours/week)
- Floyd H. McElwain – Director (compensation: $21,420; 5 hours/week)
- Debra A. Lynch – Director (compensation: $21,420; 5 hours/week)
- Catherine A. Schwoeffermann – Chief Executive Officer
- Jane M. Fett – Finance Manager
The foundation operates with 1 employee on staff.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES Y MANSELL | PRESIDENT | 12 | $53,550 |
| STEPHEN R SANT | DIRECTOR | 5 | $21,420 |
| STEVEN C WARNER | DIRECTOR | 5 | $21,420 |
| FLOYD H MCELWAIN | DIRECTOR | 5 | $21,420 |
| DEBRA A LYNCH | DIRECTOR | 5 | $21,420 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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