L K Foote Memorial Fund Trust 002884
L K Foote Memorial Fund Trust 002884 is a private foundation, based in Olean, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $258K in total assets. In 2025, it awarded 5 grants totaling $9K. Net investment income was $8K.
L K Foote Memorial Fund Trust 002884 at a glance
In short: L K Foote Memorial Fund Trust 002884 gave $9K across 5 grants in 2025 (avg $2K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $8,800
- -24.8% vs 2024
- Grants made (2025)
- 5
- -16.7% vs 2024
- Average grant
- $1,760
- -9.7% vs 2024
- Median grant
- $2,000
- Total assets
- $257,928
- +2.0% vs 2024
- Primary geography
- New York (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 L K Foote Memorial Fund Trust 002884 funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Marissa Adams ($2K). Together the top 5 received $9K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How L K Foote Memorial Fund Trust 002884 gives
- Giving held roughly steady from 2022 to 2025 (−15%). Method
- In 2025 it paid out 82% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $9K (2023) to $14K (2020). In 2025 it made 5 grants totaling $9K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Marissa Adams Olean, NY | Assistance with Educational | $2,000 |
| Emma Jankowski Olean, NY | Assistance with Educational | $2,000 |
| Gracie Amore Olean, NY | Assistance with Educational | $2,000 |
| Michael Frederick Olean, NY | Assistance with Educational | $2,000 |
| Evan Snyder Olean, NY | Assistance with Educational | $800 |
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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 | $257,928 | $18,059 | $12,996 | $8,800 | 5 | $10,506 | $7,679 | $12,752 |
| 2024 | $252,877 | $20,430 | $15,740 | $11,700 | 6 | $37,051 | $6,348 | $22,132 |
| 2023 | $248,191 | $16,808 | $12,505 | $8,700 | 5 | $21,000 | $5,160 | $11,712 |
| 2022 | $243,888 | $11,852 | $14,385 | $10,325 | 6 | $28,625 | $536 | $11,903 |
| 2021 | $246,421 | $25,747 | $15,316 | $11,200 | 7 | $27,700 | $11,461 | $12,558 |
| 2020 | $235,990 | $19,648 | $18,376 | $14,475 | 8 | — | $2,174 | $11,956 |
Under IRS private-foundation payout rules, L K Foote Memorial Fund Trust 002884 reported a distributable amount of $13K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
L K Foote Memorial Fund Trust 002884's only listed officer is Community Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Community Bank NA
Trustee
On filings since 2020
5 hrs/week
$3K (2020) → $3K (2025)
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 $3K, to Community Bank NA (Trustee).
Frequently asked questions about L K Foote Memorial Fund Trust 002884
How much does L K Foote Memorial Fund Trust 002884 give each year?
L K Foote Memorial Fund Trust 002884 gave $9K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $12K across 6 grants.
What is L K Foote Memorial Fund Trust 002884's typical grant size?
L K Foote Memorial Fund Trust 002884's median grant in 2025 was $2,000, and its average grant was $1,760, across 5 grants on its 2025 IRS Form 990-PF.
Where does L K Foote Memorial Fund Trust 002884 give grants?
L K Foote Memorial Fund Trust 002884 gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Olean, NY (5 grants).
Does L K Foote Memorial Fund Trust 002884 give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on L K Foote Memorial Fund Trust 002884's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Assistance with Educational" (5 grants).
Who are L K Foote Memorial Fund Trust 002884's largest grantees?
L K Foote Memorial Fund Trust 002884's largest 2025 grantees include Marissa Adams ($2,000), Emma Jankowski ($2,000) and Gracie Amore ($2,000), according to its 2025 IRS Form 990-PF. Together they received 68% of its itemized 2025 grant dollars.
How large is L K Foote Memorial Fund Trust 002884?
L K Foote Memorial Fund Trust 002884 reported $258K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $13K (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.
What is L K Foote Memorial Fund Trust 002884's EIN?
L K Foote Memorial Fund Trust 002884's EIN (Employer Identification Number) is 16-6031968. 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 22, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
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