Preferred Mutual Insurance Company Foundation
Preferred Mutual Insurance Company Foundation is a private foundation focused on Education, based in NORWICH, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $619K in total assets. In 2024, it awarded 29 grants totaling $140K. Net investment income was $56K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$619K
-10.5% YoY
Annual Giving
$140K
-25.3% YoY
Grant Count
29
-12.1% YoY
Avg Grant Size
$5K
-15.0% YoY
Under IRS private-foundation payout rules, Preferred Mutual Insurance Company Foundation reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About Preferred Mutual Insurance Company Foundation
Based on IRS filings
Preferred Mutual Insurance Company Foundation is a private foundation focused on Education, based in NORWICH, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $619K in total assets. In 2024, it awarded 29 grants totaling $140K. Net investment income was $56K.
Focus Areas
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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 | $619,154 | $692,078 | $837,299 |
| Revenue | $68,509 | $42,934 | $67,458 |
| Expenses | $141,290 | $188,160 | $89,401 |
| Qualifying Distributions | $140,430 | $187,680 | $87,230 |
| Net Investment Income | $56,041 | $31,321 | $29,843 |
| Distributable Amount | $36,408 | $39,475 | $45,269 |
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
148 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chenango Memorial Hospital ($55,000), Norwich Ymca ($10,000), Chenango United Way Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| EMMA HARBY WALTON, NY | SCHOLARSHIP AWARD | $1,500 |
| SUNY CORTLAND CORTLAND, NY | SCHOLARSHIP AWARD | $1,000 |
| UNADILLA VALLEY CENTRAL SCHOOL NEW BERLIN, NY | GENERAL OPERATING | $3,100 |
| Morgan Hodge Norwich, NY | SCHOLARSHIP | $1,500 |
| ITHACA COLLEGE ITHACA, NY | SCHOLARSHIP | $3,000 |
| RENSSELLAER POLYTECHNIC INSTITUTE TROY, NY | SCHOLARSHIP | $4,500 |
| HANNAH BEVERIDGE BLOOMINGDALE, NJ | SCHOLARSHIP | $1,500 |
| SUNY DELHI DELHI, NY | SCHOLARSHIP | $1,500 |
| Friends of Rogers Environmental Ed SHERBURNE, NY | GENERAL OPERATING | $1,000 |
| KANSAS STATE UNIVERSITY MANHATTAN, KS | SCHOLARSHIP | $1,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NBT BANK NA | TRUSTEE | 1 | — |
| R Benedikt Sander | DIRECTOR/COMMITTEE MEMBER | 1 | — |
| Pauline Ashworth | DIRECTOR/COMMITTEE MEMBER | 1 | — |
| Jeffrey Fasoldt | DIRECTOR/COMMITTEE MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Preferred Mutual Insurance Company Foundation?
Preferred Mutual Insurance Company Foundation is a private foundation focused on Education, based in NORWICH, NY. It holds $619K in total assets as of 2024.
How large is Preferred Mutual Insurance Company Foundation?
As of 2024, Preferred Mutual Insurance Company Foundation holds $619K in total assets with $69K in annual revenue. It awarded 29 grants totaling $140K in 2024.
Where does Preferred Mutual Insurance Company Foundation operate?
Preferred Mutual Insurance Company Foundation has awarded grants in Arizona, Colorado, Georgia, Iowa, Indiana, Kansas, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Texas.
What size grants does Preferred Mutual Insurance Company Foundation award?
In 2024, Preferred Mutual Insurance Company Foundation awarded 29 grants totaling $140K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Preferred Mutual Insurance Company Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Preferred Mutual Insurance Company Foundation reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Preferred Mutual Insurance Company Foundation's EIN?
Preferred Mutual Insurance Company Foundation's EIN (Employer Identification Number) is 22-6423721. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Preferred Mutual Insurance Company Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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