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
Under IRS private-foundation payout rules, Hoyt Foundation reported a distributable amount of $1.9M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Lawrence County Economic Development Corp (forward Lawrence) ($952,000), Community Foundation of Western Pa & Eastern Ohio ($90,000), Community Foundation of Western Pa & Eastern Ohio ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS WASHINGTON, DC | GENERAL SUPPORT | $6,500 |
| COMMUNITY FOUNDATION OF WESTERN PA & EASTERN OHIO SHARON, PA | BACKPACKS | $90,000 |
| COMMUNITY FOUNDATION OF WESTERN PA & EASTERN OHIO SHARON, PA | MARTI PARK | $50,000 |
| COMMUNITY FOUNDATION OF WESTERN PA & EASTERN OHIO SHARON, PA | BUTZ SCHOLARSHIP | $70,000 |
| EASTBROOK MISSION BARN NEW CASTLE, PA | GENERAL SUPPORT | $10,000 |
| ELLWOOD CITY COMMUNITY ENRICHMENT ELLWOOD CITY, PA | GENERAL SUPPORT | $25,000 |
| FIRST PRESBYTERIAN CHURCH NEW CASTLE, PA | GENERAL SUPPORT | $5,000 |
| GIRL SCOUTS OF WESTERN PENNSYLVANIA PITTSBURGH, PA | COLLEGE SCHOLARSHIP | $10,000 |
| HOLY SPIRIT PARISH NEW CASTLE, PA | GENERAL SUPPORT | $25,000 |
| LAWRENCE COUNTY NEW CASTLE, PA | GENERAL SUPPORT | $500 |
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
Frequently Asked Questions
What does Hoyt Foundation fund?
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.
How do I apply for a grant from Hoyt Foundation?
**Grant Activity (2024):** • Total giving: $1,842,156 • Number of grants: 163 • Typical award range: $100–$952,000 **Recent Grant Examples:** • Cray Youth and Family Services: $50,000 (Roof project) • New Castle Playhouse: $39,403 (General Support) • Girl Scouts Western Pennsylvania: $10,000 (College Scholarship) **Administrative Structure:** The foundation maintains a scholarship committee with three members who receive honorariums of $2,500 each.
Where does Hoyt Foundation make 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.
What size grants does Hoyt Foundation award?
In 2024, Hoyt Foundation awarded 161 grants totaling $1.8M — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Hoyt Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Hoyt Foundation reported a distributable amount of $1.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Hoyt Foundation's EIN?
Hoyt Foundation's EIN (Employer Identification Number) is 25-6064468. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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