Picotte Family Foundation
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
19
-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.
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
States
Cities
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
| 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.
What is Picotte Family Foundation's EIN?
Picotte Family Foundation's EIN (Employer Identification Number) is 14-1699412. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Picotte Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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