Passumpsic Bank Charitable Fund Inc
Passumpsic Bank Charitable Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST JOHNSBURY, VT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $749K in total assets. In 2024, it awarded 6 grants totaling $71K. Net investment income was $197K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$749K
+41.1% YoY
Annual Giving
$71K
+135.8% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$12K
-21.4% YoY
Under IRS private-foundation payout rules, Passumpsic Bank Charitable Fund Inc reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Passumpsic Bank Charitable Fund Inc
Based on IRS filings
Passumpsic Bank Charitable Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST JOHNSBURY, VT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $749K in total assets. In 2024, it awarded 6 grants totaling $71K. Net investment income was $197K.
Focus Areas
Ready to take the next step with Passumpsic Bank Charitable Fund Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $748,912 | $530,852 | $404,393 |
| Revenue | $369,489 | $93,968 | $380,066 |
| Expenses | $80,878 | $33,253 | $36,465 |
| Qualifying Distributions | $71,250 | $30,500 | $31,937 |
| Net Investment Income | $196,825 | $5,209 | $350,542 |
| Distributable Amount | $28,354 | $21,034 | $15,921 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Capstone Community Action (VT Main Street Flood Recovery Fund) ($25,000), Northeastern Vermont Regional Hospital ($25,000), Locally Social Gives Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Capstone Community Action (VT Main Street Flood Recovery Fund) Barre, VT | General Operating Support | $25,000 |
| Faith in Action Northern Communities Partnership Cabot, VT | Flood Relief | $250 |
| Helping Other People Everyday Inc Lyndonville, VT | General Operating Support | $500 |
| Locally Social Gives Inc St Johnsbury, VT | Flood Relief | $10,000 |
| Northeast Kingdom Human Services St Johnsbury, VT | General Operating Support | $10,000 |
| Northeastern Vermont Regional Hospital St Johnsbury, VT | General Operating Support | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Richard Lyon | Director | 1 | — |
| Roena Whitehill | Director | 1 | — |
| Daniel Kimbell | Director | 1 | — |
| Jeffrey Gilman | Director | 1 | — |
| Elaine Bixby | Director | 1 | — |
| Jim Kisch | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Passumpsic Bank Charitable Fund Inc?
Passumpsic Bank Charitable Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST JOHNSBURY, VT. It holds $749K in total assets as of 2024.
How large is Passumpsic Bank Charitable Fund Inc?
As of 2024, Passumpsic Bank Charitable Fund Inc holds $749K in total assets with $369K in annual revenue. It awarded 6 grants totaling $71K in 2024.
Where does Passumpsic Bank Charitable Fund Inc operate?
Passumpsic Bank Charitable Fund Inc has awarded grants in Vermont.
What size grants does Passumpsic Bank Charitable Fund Inc award?
In 2024, Passumpsic Bank Charitable Fund Inc awarded 6 grants totaling $71K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is Passumpsic Bank Charitable Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Passumpsic Bank Charitable Fund Inc reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Passumpsic Bank Charitable Fund Inc's EIN?
Passumpsic Bank Charitable Fund Inc's EIN (Employer Identification Number) is 87-4152098. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Passumpsic Bank Charitable Fund Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Rutland Economic Development Corp
RUTLAND, VT
Assets
$3.8M
Grants
1
Total Given
$72K
Qlla Charities Inc
QUECHEE, VT
Assets
$13K
Grants
1
Total Given
$140K
Vermont State Employees Credit Union
MONTPELIER, VT
Assets
$1.1B
Grants
10
Total Given
$636K
Kratt Brothers Creature Hero Society
STOWE, VT
Assets
$1.4M
Grants
0
Total Given
—
Louise Judith and Edgar May Foundation
SHELBURNE, VT
Assets
$2.1M
Grants
31
Total Given
$86K
Lake Champlain Regional Chamber
BURLINGTON, VT
Assets
$4.5M
Grants
1
Total Given
$33K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Passumpsic Bank Charitable Fund Inc 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
Go from researching Passumpsic Bank Charitable Fund Inc to a real strategy.