Picotte Family Foundation

ALBANY, NY EIN: 14-1699412

The Picotte Family Foundation is a private foundation based in Albany, New York. Established in 1987, it has been tax-exempt since January 1989. The foundation is closely associated with the Picotte family, whose business interests center on the Picotte Companies, a commercial real estate firm founded in the early 1930s by Bernard and Clifford Picotte.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.9M

+3.9% YoY

Annual Giving

$200K

-9.5% YoY

Grant Count

-24.0% YoY

Avg Grant Size

$11K

+19.1% YoY

Under IRS private-foundation payout rules, Picotte Family Foundation reported a distributable amount of $246K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary purpose is giving to Roman Catholic churches, schools, and organizations. Its funding focuses on:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Historic Buildings Preservation
Historic Preservation
Arts

Grantmaking

The foundation supports educational institutions, health organizations, and community service organizations throughout the Capital Region.

Grant Range

s:** Typical awards range from $1,000 to $50,000.

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in New York, with a particular emphasis on the Capital Region (Albany area).

Grant Distribution by State

New York $1.1M (99%)

Illinois $5K (0%)

Pennsylvania $5K (0%)

States

Illinois New York Pennsylvania

Cities

AlbanyChicagoFultonvilleLathamLoudonvillePittsburghSchenectadyTroyWest Sand Lake

Financial History

Multi-year comparison from IRS filings

Total Assets: $2,871,004 (as of 2024)

Total Giving: $200,000 (most recent filing)

Total Assets (2023): $2.76 million

Revenue (2023): $150,294

Expenses (2023): $277,672

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,871,004	$2,762,129	$2,960,862
Revenue	$396,530	$150,294	$209,900
Expenses	$260,038	$277,672	$317,133
Qualifying Distributions	$220,731	$239,665	$278,442
Net Investment Income	$357,265	$114,209	$175,653
Distributable Amount	$245,756	$223,374	$231,858

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

107 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St Peter's Hospital Foundation ($50,000), Albany Symphony Orchestra ($25,000), Interfaith Partnership for the Homeless ($25,000).

Recipient	Purpose	Amount
ALBANY COUNTY HISTORICAL ASSOCIATION ALBANY, NY	CHARITABLE PURPOSE	$5,000
ALBANY SYMPHONY ORCHESTRA ALBANY, NY	CHARITABLE PURPOSE	$25,000
AMERICAN RED CROSS ALBANY, NY	CHARITABLE PURPOSE	$10,000
CAPITAL DISTRICT YMCA ALBANY, NY	CHARITABLE PURPOSE	$5,000
CAPITAL DISTRICT YMCA ALBANY, NY	CHARITABLE PURPOSE	$5,000
CAPITAL REPERTORY THEATRE ALBANY, NY	CHARITABLE PURPOSE	$5,000
CATHOLIC CHARITIES OF THE DIOCESE OF ALBANY ALBANY, NY	CHARITABLE PURPOSE	$5,000
FRIENDS OF THE VI GROTTO ALBANY, NY	CHARITABLE PURPOSE	$10,000
INTERFAITH PARTNERSHIP FOR THE HOMELESS ALBANY, NY	CHARITABLE PURPOSE	$25,000
PARISH OF MATER CHRISTI ALBANY, NY	CHARITABLE PURPOSE	$10,000

Leadership & Key People

Leadership team and compensation from IRS filings

The Picotte family has a long history of community service and philanthropy in the Capital Region. Family members involved in philanthropic efforts have included:

John Picotte
Michael Picotte and Margaret (Margi) Picotte
William B. Picotte (1949-2021)
Rhea and Jim Clark
Bill and Susan Picotte
Ellen Picotte

The family was recognized as a 1997 Citizen Laureate Award winner by the University at Albany Foundation for significant contributions to the community and academic world.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOHN D PICOTTE	TRUSTEE	1	—
MICHAEL B PICOTTE	TRUSTEE	1	—
RHEA P CLARK	TRUSTEE	2	—
MARCIA P FLOYD	TRUSTEE	1	—

Contact Information

Address: 20 Corporate Woods Blvd Ste 600, Albany, NY 12211-2358

Telephone: 518-465-4747

EIN: 14-1699412

Frequently Asked Questions

What does Picotte Family Foundation fund?

The foundation's primary purpose is giving to Roman Catholic churches, schools, and organizations. Its funding focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Historic Buildings Preservation • Historic Preservation • Arts

How do I apply for a grant from Picotte Family Foundation?

**Grant Sizes:** Typical awards range from $1,000 to $50,000. **Total Annual Giving:** $200,000 (based on most recent filing) The foundation supports educational institutions, health organizations, and community service organizations throughout the Capital Region.

Where does Picotte Family Foundation make grants?

The foundation primarily funds organizations in New York, with a particular emphasis on the Capital Region (Albany area).

What size grants does Picotte Family Foundation award?

In 2024, Picotte Family Foundation awarded 19 grants totaling $200K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Picotte Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Picotte Family Foundation reported a distributable amount of $246K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.