Michael and Margaret Picotte Foundation
Michael and Margaret Picotte Foundation is a private foundation, based in Saratoga Springs, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $6.0M in total assets. In 2025, it awarded 1 grant totaling $320K. Net investment income was $734K.
Michael and Margaret Picotte Foundation at a glance
In short: Michael and Margaret Picotte Foundation gave $320K across 1 grant in 2025 (avg $320K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $320,000
- +27.0% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $320,000
- +27.0% vs 2024
- Median grant
- $320,000
- Total assets
- $5,987,173
- +7.2% 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 September 2026.
Who Michael and Margaret Picotte Foundation funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Michael and Margaret Picotte Foundation gives
- Giving held roughly steady from 2022 to 2025 (+8%). 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 $188K (2020) to $320K (2025). In 2025 it made 1 grant totaling $320K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached List Saratoga Springs, NY | General Charitable Purposes | $320,000 |
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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 | $5,987,173 | $741,081 | $340,852 | $320,000 | 1 | $323,482 | $733,961 | $308,793 |
| 2024 | $5,586,944 | $458,194 | $285,342 | $252,000 | 1 | $255,022 | $451,401 | $309,582 |
| 2023 | $5,414,092 | $2,398,540 | $242,807 | $233,500 | 1 | $236,543 | $1,479,455 | $256,752 |
| 2022 | $4,023,714 | $236,682 | $317,046 | $295,000 | 1 | $298,021 | $231,133 | $255,785 |
| 2021 | $4,104,078 | $967,352 | $233,796 | $215,000 | 1 | $217,550 | $964,156 | $281,971 |
| 2020 | $3,424,520 | $1,529,608 | $198,644 | $187,500 | 22 | — | $492,642 | $206,845 |
Under IRS private-foundation payout rules, Michael and Margaret Picotte Foundation reported a distributable amount of $309K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael and Margaret Picotte Foundation is led by Margaret L. Picotte, President, <1hr & Week since 2021 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Margaret L. Picotte
President, <1hr & Week
President → President, <1hr & Week, 2021
On filings since 2020
No compensation reported
Michael B. Picotte
Vice President, <1hr & Week
Vice President → Vice President, <1hr & Week, 2021
On filings since 2020
No compensation reported
Michelle H. Picotte
Treasurer, <1hr & Week
Treasurer → Treasurer, <1hr & Week, 2021
On filings since 2020
No compensation reported
Nicole L. Smith
Secretary, <1hr & Week
Secretary → Secretary, <1hr & Week, 2021
On filings since 2020
No compensation reported
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 Michael and Margaret Picotte Foundation
How much does Michael and Margaret Picotte Foundation give each year?
Michael and Margaret Picotte Foundation gave $320K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $252K across 1 grant.
How large is Michael and Margaret Picotte Foundation?
Michael and Margaret Picotte Foundation reported $6.0M in total assets on its 2025 IRS Form 990-PF. It paid out $323K in qualifying distributions that year, against a required minimum of $309K (roughly 5% of its investment assets).
Where does Michael and Margaret Picotte Foundation operate?
Michael and Margaret Picotte Foundation has awarded grants in California, Florida, Massachusetts, Nebraska, New York, Pennsylvania, Vermont.
What is Michael and Margaret Picotte Foundation's EIN?
Michael and Margaret Picotte Foundation's EIN (Employer Identification Number) is 06-1307349. 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.
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 November 8, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 2, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
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