The Stewart W & Willma C Hoyt
The Stewart W. and Willma C. Hoyt Foundation is a private foundation based in Binghamton, New York, established in 1970 and incorporated in 1993. The foundation was created to perpetuate the charitable interests of Stewart W. Hoyt and Willma Cornell Hoyt, who were lifelong residents of Broome County with deep community roots and a 60-year history of philanthropic giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$23.5M
+4.2% YoY
Annual Giving
$806K
+8.0% YoY
Grant Count
24
+33.3% YoY
Avg Grant Size
$34K
-19.0% YoY
Under IRS private-foundation payout rules, The Stewart W & Willma C Hoyt reported a distributable amount of $1.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Mission: To use its resources to enhance the quality of life of the people of Broome County primarily through judicious grantmaking.
Funding Areas:
- Arts
- Humanities
- Education
- Health
- Human Services
The foundation is particularly interested in assisting programs that meet an urgent community need, do not unnecessarily duplicate the work of other organizations, have explored alternative funding sources, and have reasonable assurance of ongoing support.
Grantmaking
Grant Range
** $1,402 to $197,000
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Geographic Focus
Where this funder awards grants
Broome County, New York. The foundation provides support to organizations located in or directly serving residents of Broome County.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $23,465,044
- Total Revenue: $1,856,179
- Total Expenses: $1,317,551
- Total Giving: $1,141,218
- Giving Rate: 5.0%
The foundation's assets are based on early investments in IBM, with major funding of approximately $9 million received from Willma Hoyt's estate when she passed away in 1982.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $23,465,044 | $22,518,926 | $21,459,009 |
| Revenue | $1,856,179 | $738,226 | $1,355,855 |
| Expenses | $1,317,551 | $1,255,765 | $1,313,545 |
| Qualifying Distributions | $1,141,218 | $1,072,700 | $1,109,028 |
| Net Investment Income | $1,706,815 | $593,281 | $1,196,784 |
| Distributable Amount | $1,130,643 | $1,103,586 | $1,092,744 |
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
101 grants across all recorded years
Open Grants
1 open opportunity from The Stewart W & Willma C Hoyt
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Kopernik Observatory and Science Center ($196,900), Roberson Museum & Science ($100,000), Roberson Museum & Science ($75,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CIVIC ASSOCIATION BINGHAMTON, NY | TO ESTABLISH A PART-TIME POSITION FOR AN IMMIGRATION/REFUGEE ATTORNEY ($50,000 PER YEAR FOR 3 YEARS) | $57,710 |
| BINGHAMTON PHILHARMONIC ORCHESTRA BINGHAMTON, NY | A PROGRAM GRANT OF $25,000 ANNUALLY OVER FOUR YEARS, FOR A TOTAL OF $100,000, TO ADVANCE ITS PROGRAMMING INITIATIVES FOR 2024 THROUGH 2028 | $25,000 |
| BROOME COUNTY ARTS COUNCIL BINGHAMTON, NY | 2024 ART GUIDE | $50,000 |
| BROOME COUNTY ARTS COUNCIL BINGHAMTON, NY | UNITED CULTURAL FUND CAMPAIGN 2024 | $50,000 |
| BROOME COUNTY ARTS COUNCIL BINGHAMTON, NY | SACRED SOUNDS | $6,900 |
| EARLVILLE OPERA HOUSE EARLVILLE, NY | TOWARDS THE BROOME COUNTY PORTION OF THE NEW YORK STATE COUNCIL ON THE ARTS STATEWIDE COMMUNITY REGRANTS PROGRAM | $18,500 |
| ENDWELL COMMUNITY CHORUS ENDICOTT, NY | FOR 2024 CALENDAR OF PERFORMANCES IN BROOME COUNTY. | $8,070 |
| FRIENDS OF BROOME COUNTY LIBRARY BINGHAMTON, NY | NEW AND UPDATED DESIGN & IMPLEMENTATION OF THE LIBRARY'S CURRENT READING GARDEN | $50,000 |
| HUMANE SOCIETY OF BROOME COUNTY BINGHAMTON, NY | TOWARD THE PURCHASE OF A NEW ENCLOSED DOG RUN AT THEIR FACILITY | $7,250 |
| KOPERNIK OBSERVATORY AND SCIENCE CENTER VESTAL, NY | CAPITAL/CAPACITY BUILDING GRANT FOR A VAN/SATELLITE CLASSROOM FOR A WIDE RANGE OF OUTREACH PURPOSES | $196,900 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Catherine A. Schwoeffermann – Chief Executive Officer
- Marena Gonz – Chair
- Aubrey Clark – Vice-Chair
- Jeffery Smith – Secretary-Treasurer
- Roberta Peterson – Board Member
- Jacqueline A. Ashman – Executive Assistant
- Emily Wall – Finance Manager
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHERINE A SCHWOEFFERMANN | EXECUTIVE DIRECTOR | 50 | $163,255 |
| MARENA GONZ | CHAIR | 3 | — |
| ROBERTA PETERSON | BOARD MEMBER | 1 | — |
| AUBREY CLARK | VICE-CHAIR | 2 | — |
| JEFFERY SMITH | SECRETARY-TREASURER | 1 | — |
Contact Information
Address: 70 Front Street, Binghamton, NY 13905
Phone: (607) 772-0780
Website: www.hoytfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Stewart W & Willma C Hoyt fund?
**Mission:** To use its resources to enhance the quality of life of the people of Broome County primarily through judicious grantmaking. **Funding Areas:** • Arts • Humanities • Education • Health • Human Services The foundation is particularly interested in assisting programs that meet an urgent community need, do not unnecessarily duplicate the work of other organizations, have explored alternative funding sources, and have reasonable assurance of ongoing support.
How do I apply for a grant from The Stewart W & Willma C Hoyt?
**Grant Range:** $1,402 to $197,000 **Median Grant Amount:** $28,000 **Recent Grant Activity:** The foundation made 20 grants in 2024, with total giving of $1,141,218. Recent grants include: • Kopernik Society of Broome County: $196,900 (Capital/capacity building grant for a van/satellite classroom) • Roberson Museum and Science Center: $100,000 (Green Infrastructure Innovation multi-year grant) • Roberson Museum and Science Center: $75,000 (Critical upgrades) **Grant Programs:** • Southern Tie…
Where does The Stewart W & Willma C Hoyt make grants?
Broome County, New York. The foundation provides support to organizations located in or directly serving residents of Broome County.
What size grants does The Stewart W & Willma C Hoyt award?
In 2024, The Stewart W & Willma C Hoyt awarded 24 grants totaling $806K — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is The Stewart W & Willma C Hoyt required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Stewart W & Willma C Hoyt reported a distributable amount of $1.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Stewart W & Willma C Hoyt's EIN?
The Stewart W & Willma C Hoyt's EIN (Employer Identification Number) is 22-3209342. IRS Form 990 filing data is available on this page for 2020–2024.
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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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