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 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 1 grants totaling $252K. Net investment income was $451K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.6M
+3.2% YoY
Annual Giving
$252K
+7.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$252K
+7.9% YoY
Under IRS private-foundation payout rules, Michael and Margaret Picotte Foundation reported a distributable amount of $310K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael and Margaret Picotte Foundation
Based on IRS filings
Michael and Margaret Picotte Foundation is a private foundation, based in SARATOGA SPRINGS, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.6M in total assets. In 2024, it awarded 1 grants totaling $252K. Net investment income was $451K.
Ready to take the next step with Michael and Margaret Picotte Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,586,944 | $5,414,092 | $4,023,714 |
| Revenue | $458,194 | $2,398,540 | $236,682 |
| Expenses | $285,342 | $242,807 | $317,046 |
| Qualifying Distributions | $255,022 | $236,543 | $298,021 |
| Net Investment Income | $451,401 | $1,479,455 | $231,133 |
| Distributable Amount | $309,582 | $256,752 | $255,785 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include See Attached List ($252,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED LIST Saratoga Springs, NY | GENERAL CHARITABLE PURPOSES | $252,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL B PICOTTE | Vice PRESIDENT; <1hr/week | — | — |
| MARGARET L PICOTTE | President; <1hr/week | — | — |
| NICOLE L SMITH | Secretary; <1hr/week | — | — |
| MICHELLE H PICOTTE | TREASURER; <1hr/week | — | — |
Frequently Asked Questions
How large is Michael and Margaret Picotte Foundation?
As of 2024, Michael and Margaret Picotte Foundation holds $5.6M in total assets with $458K in annual revenue. It awarded 1 grants totaling $252K in 2024.
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 size grants does Michael and Margaret Picotte Foundation award?
In 2024, Michael and Margaret Picotte Foundation awarded 1 grants totaling $252K — an average of about $252K per grant, based on its IRS Form 990 filings.
How much is Michael and Margaret Picotte Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael and Margaret Picotte Foundation reported a distributable amount of $310K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Michael and Margaret Picotte Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
America's Charities
CHANTILLY, VA
Assets
$28.0M
Grants
889
Total Given
$18.9M
Lincoln Financial Foundation Inc
RADNOR, PA
Assets
$6.2M
Grants
2,479
Total Given
$8.3M
The Pfizer Foundation Inc
NEW YORK, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
United Way of Greater Philadelphia and Southern New Jersey
PHILADELPHIA, PA
Assets
$113.9M
Grants
128
Total Given
$14.1M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
T Rowe Price Program for Charitable
BALTIMORE, MD
Assets
$648.3M
Grants
2,900
Total Given
$132.5M
Chubb Charitable Foundation
PHILADELPHIA, PA
Assets
$74.9M
Grants
3,719
Total Given
$6.3M
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Network for Good
WASHINGTON, DC
Assets
$96.2M
Grants
4,733
Total Given
$216.2M
Aetna Foundation Inc
HARTFORD, CT
Assets
$16.6M
Grants
65
Total Given
$7.2M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Michael and Margaret Picotte Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities