Otto a Shults Foundation

BUFFALO, NY EIN: 16-6042842

Otto a Shults Foundation is a private foundation, based in BUFFALO, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $854K in total assets. In 2024, it awarded 10 grants totaling $44K. Net investment income was $50K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$854K

+0.4% YoY

Annual Giving

$44K

-6.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

-6.6% YoY

Under IRS private-foundation payout rules, Otto a Shults Foundation reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.

About Otto a Shults Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $241K (100%)

States

New York

Cities

RochesterWayland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$853,989	$850,762	$885,147
Revenue	$66,253	$29,966	$40,893
Expenses	$62,077	$64,008	$73,507
Qualifying Distributions	$45,314	$48,394	$55,383
Net Investment Income	$49,559	$14,454	$24,076
Distributable Amount	$48,286	$45,314	$47,487

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

50 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Nazareth University ($10,953), St Bernards Sch Theology & Ministry ($8,762), St John Fisher College ($8,762).

Recipient	Purpose	Amount
NAZARETH UNIVERSITY ROCHESTER, NY	CHARITABLE UNRESTRICTED	$10,953
ST BERNARDS SCH THEOLOGY & MINISTRY ROCHESTER, NY	CHARITABLE UNRESTRICTED	$8,762
THE UNIVERSITY OF ROCHESTER ROCHESTER, NY	CHARITABLE UNRESTRICTED	$2,191
AQUINAS INSTITUTE OF ROCHESTER ROCHESTER, NY	CHARITABLE UNRESTRICTED	$2,191
OFFICE OF SOCIAL MINISTRY ROCHESTER, NY	CHARITABLE UNRESTRICTED	$2,191
ST JOHN FISHER COLLEGE ROCHESTER, NY	CHARITABLE UNRESTRICTED	$8,762
ST JOSEPHS CHURCH WAYLAND, NY	CHARITABLE UNRESTRICTED	$2,191
MCQUAID JESUIT HIGH SCHOOL ROCHESTER, NY	CHARITABLE UNRESTRICTED	$2,191
ST THOMAS MORE CHURCH ROCHESTER, NY	CHARITABLE UNRESTRICTED	$2,191
UNITED WAY OF GREATER ROCHESTER ROCHESTER, NY	CHARITABLE UNRESTRICTED	$2,191

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Frequently Asked Questions

How large is Otto a Shults Foundation?

As of 2024, Otto a Shults Foundation holds $854K in total assets with $66K in annual revenue. It awarded 10 grants totaling $44K in 2024.

Where does Otto a Shults Foundation operate?

Otto a Shults Foundation has awarded grants in New York.

What size grants does Otto a Shults Foundation award?

In 2024, Otto a Shults Foundation awarded 10 grants totaling $44K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Otto a Shults Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Otto a Shults Foundation reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.