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
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
No grants recorded for .
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
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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