Potts Memorial Foundation

Foundation · Grantmaker Hudson, NY EIN: 14-1347714

Potts Memorial Foundation is a private foundation, based in Hudson, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.6M in total assets. In 2025, it awarded 9 grants totaling $293K. Net investment income was $511K.

Key facts about Potts Memorial Foundation

EIN: 14-1347714
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $293,000
Grants made (2025): 9
Average grant: $32,556
Median grant: $25,000
Total assets: $5,637,700
Primary geography: New York (57% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Potts Memorial Foundation funds

By grant dollars, the top recipient states for Potts Memorial Foundation's 9 itemized 2025 grants were New York (57%), Massachusetts (26%) and Maryland (9%). The most frequent recipient cities were New York, NY (4 grants). None of its 9 grants with a stated purpose were described as general or operating support.

How Potts Memorial Foundation gives

Giving grew 23% from 2022 to 2025. Method
In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Potts Memorial Foundation

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$5.6M

+3.7% YoY

Annual Giving

$293K

+11.1% YoY

Grant Count

+12.5% YoY

Avg Grant Size

$33K

-1.2% YoY

Under IRS private-foundation payout rules, Potts Memorial Foundation reported a distributable amount of $301K for 2025 — the minimum it must pay out in qualifying distributions.

About Potts Memorial Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $168K (57%)

Massachusetts $75K (26%)

Maryland $25K (9%)

Missouri $25K (9%)

Share of all 9 itemized 2025 grant dollars.

States

California Colorado Georgia Massachusetts Maryland Missouri North Carolina New Jersey New York

Cities

New YorkHudsonSaranac LakeBaltimoreBostonBronxDenverMenandsNewarkWorcesterAlbanyAthensChapel HillIrvineSt Louis

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$5,637,700	$5,436,695	$5,285,645
Revenue	$553,780	$443,174	$186,390
Expenses	$357,880	$315,558	$260,324
Qualifying Distributions	$305,961	$274,016	$223,633
Net Investment Income	$510,938	$402,673	$149,699
Distributable Amount	$300,830	$290,311	$268,553

Data update history

When this profile's IRS filing data changed on Grantable

September 27, 2026 Added Form 990-PF for fiscal year 2019 (received by the IRS May 13, 2020)
September 27, 2026 Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2025

Grant Size Distribution

36 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Weill Cornell Medical College ($57,000 across 2 grants), Trustees of Tufts University ($50,000), The Rockefeller University ($50,000).

Recipient	Purpose	Amount
TRUSTEES OF TUFTS UNIVERSITY Boston, MA	RESEARCH UNDERSTANDING REGULATION OF CALCIUM-MEDIATED EFFECTS ON MYCOBACTERIUM TUBERCULOSIS GROWTH.	$50,000
THE ROCKEFELLER UNIVERSITY New York, NY	RESEARCH PEBBLE: SUSTAINING AND EXPANDING A CRITICAL RESOURCE FOR CRISPR-BASED FUNCTIONAL GENOMICS IN MYCOBACTERIA	$50,000
WEILL CORNELL MEDICAL COLLEGE New York, NY	RESEARCH GENIC NETWORKS THAT PREVENT KILLING OF MYCOBACTERIUM TUBERCULOSIS BY ATP SYNTHASE INHIBITORS	$37,000
TRUSTEES OF COLUMBIA UNIVERSITY New York, NY	RESEARCH EARLY HOST BIOMARKERS OF CLINICAL OUTCOMES IN MDR-TB AND HIV CO-INFECTION USING OLINK PROTEOMICS	$36,000
UMASS CHAN MEDICAL SCHOOL Worcester, MA	RESEARCH UNDERSTANDING THE ROLE OF HIGH-FREQUENCY GENETIC VARIATION IN TUBERCULOSIS TREATMENT FAILURE	$25,000
JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE Baltimore, MD	RESEARCHING THE ELIMINATION OF SENESCENT CELLS WITH SENOLYTIC HOST-DIRECTED THERAPY REDUCES TUBERCULOSIS PROGRESSION IN SUSCEPTIBLE MOUSE MODELS.	$25,000
TRUDEAU INSTITUTE Saranac Lake, NY	SUPPORT THE NORTHEAST REGIONAL WORLD TB DAY CONFERENCE.	$25,000
WASHINGTON UNIVERSITY SCHOOL OF MEDICINE St Louis, MO	RESEARCH THE NONCANONICAL AND RAPID IFN-1 INDUCTION BY NEUTROPHILS IN RESPONSE TO MYCOBACTERIUM TUBERCULOSIS.	$25,000
WEILL CORNELL MEDICAL COLLEGE New York, NY	RESEARCH OF POST-TUBERCULOSIS LUNG DISEASE IN PEOPLE LIVING WITH HIV: MATRIX METALLOPROTEINASES AND THE AGE-RAGE AXIS	$20,000

Leadership & Key People

Officers and directors from IRS filings

Potts Memorial Foundation is led by Kathleen McDonough PhD, President on every filing since 2019; none of the 10 officers listed in 2025 report compensation.

Officers on the 2025 filing

Kathleen McDonough PhD

President

On filings since 2019

1 hr/week

No compensation reported
Ananthakrishnan Ramani MD

Trustee

On filings since 2019

1 hr/week

No compensation reported
Anthony Malanga MD

Trustee

On filings since 2019

1 hr/week

No compensation reported
Donna O'Hare MD

Trustee

On filings since 2019

1 hr/week

No compensation reported
Martin Pavelka Jr. PhD

Trustee

On filings since 2019

1 hr/week

No compensation reported
Richard Gullot MD

Trustee

On filings since 2019

1 hr/week

No compensation reported
Nancy Patzwahl

Trustee

On filings since 2021

1 hr/week

No compensation reported
Donna Klose

Secretary

On filings since 2019

1 hr/week

$8K (2019) → $0 (2025)
John Chan MD

Vice President

On filings since 2019

1 hr/week

No compensation reported
Walt Brady

Treasurer

On filings since 2021

1 hr/week

No compensation reported

Former officers (1)

Former: Sidney Richter (2019–2020) — Treasurer

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2023 IRS filing

Frequently Asked Questions

How large is Potts Memorial Foundation?

As of 2025, Potts Memorial Foundation holds $5.6M in total assets with $554K in annual revenue. It awarded 9 grants totaling $293K in 2025.

Where does Potts Memorial Foundation operate?

Potts Memorial Foundation has awarded grants in California, Colorado, Georgia, Massachusetts, Maryland, Missouri, North Carolina, New Jersey, New York.

What size grants does Potts Memorial Foundation award?

In 2025, Potts Memorial Foundation awarded 9 grants totaling $293K — an average of about $33K per grant, based on its IRS Form 990 filings.

How much is Potts Memorial Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Potts Memorial Foundation reported a distributable amount of $301K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.