The Stitt Foundation Inc
The Stitt Foundation Inc is a private foundation based in Olean, New York. It makes grants to charitable organizations, including educational organizations, hospitals, social service organizations, and other charitable institutions.
The Stitt Foundation Inc at a glance
In short: The Stitt Foundation Inc gave $1.7M across 29 grants in 2025 (avg $60K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,738,438
- +497.4% vs 2024
- Grants made (2025)
- 29
- +222.2% vs 2024
- Average grant
- $59,946
- +85.4% vs 2024
- Median grant
- $5,000
- Total assets
- $4,880,762
- -10.9% vs 2024
- Primary geography
- New York (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
How to apply to The Stitt Foundation Inc
- How to Apply
-
The foundation does not restrict giving to preselected organizations. It requests a formal written request with supporting documentation. Its stated restrictions are educational organizations, hospitals, social service organizations, and other charitable institutions. The filing names Mr. James E. Stitt as the person to contact.
- Contact
Application contact: Mr James E Stitt
Mailing address: 202 Woodview Avenue, Olean, NY 14760
Phone: (716) 372-4476
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Stitt Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Olean General Hospital ($1.2M). Together the top 10 received $1.7M.
Grant Size Distribution
104 grants across all recorded years
The most common grant size was under $50K: 94 grants of 104 (90%).
Geographic Focus
Where this funder awards grants
In 2025, 94% of grant dollars went to recipients in New York and 6% to recipients in Ohio. The listed grants include recipients in Olean, Allegany, and St. Bonaventure, New York, as well as Dayton, Ohio.
Grant Distribution by State
Share of 2025 grant dollars across all 29 itemized grants.
Cities
How The Stitt Foundation Inc gives
- Giving grew 5843% from 2022 to 2025. Method
- In 2025 it paid out 393% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $29K (2022) to $1.7M (2025). In 2025 it made 29 grants totaling $1.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Olean General Hospital Olean, NY | General | $1,240,000 |
| The University of Dayton Dayton, OH | General | $100,000 |
| Challenger Learning Center Olean Allegany, NY | General | $50,000 |
| SBU Jandoli Bldg Project St Bonaventure, NY | General | $50,000 |
| SBU Carney Endowed Chair St Bonaventure, NY | General | $50,000 |
| Jamestown Community College Olean, NY | General | $50,000 |
| SPCA Olean, NY | General | $40,000 |
| SBU Warming House St Bonaventure, NY | General | $25,000 |
| SBU Giving Day St Bonaventure, NY | General | $25,000 |
| Olean Food Pantry Olean, NY | General | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,880,762 | $1,161,265 | $1,758,037 | $1,738,438 | 29 | $1,738,438 | $746,990 | $442,060 |
| 2024 | $5,477,534 | $1,513,182 | $304,501 | $291,000 | 9 | $291,000 | $568,928 | $375,029 |
| 2023 | $4,554,772 | $1,076,533 | $215,897 | $209,500 | 41 | $209,500 | $292,536 | $289,638 |
| 2022 | $3,935,496 | $2,991,593 | $37,575 | $29,250 | 10 | $37,575 | $106,072 | $220,442 |
| 2021 | $3,443,585 | $2,628,227 | $37,994 | $36,000 | 15 | $36,000 | $160,014 | $58,800 |
| 2020 | $853,352 | $853,352 | — | — | — | — | — | $3,713 |
Under IRS private-foundation payout rules, The Stitt Foundation Inc reported a distributable amount of $442K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its grant recipients illustrate the range of organizations it supports. Olean General Hospital describes its mission as providing excellent care in response to the health care needs of the Olean, New York, and Bradford, Pennsylvania, communities. Jamestown Community College says its grant supports the college’s educational, scientific, capital, and cultural programs. Olean Public Library describes its mission as assisting people with educational, informational, and recreational needs.
Grantmaking
In 2025, the foundation made 29 grants totaling $1,738,438. Grants ranged from $1,000 to $1,240,000, with a median grant of $5,000. The largest grants included $1,240,000 to Olean General Hospital, $100,000 to The University of Dayton, and $50,000 each to Challenger Learning Center Olean, SBU Jandoli Building Project, SBU Carney Endowed Chair, and Jamestown Community College. Other listed grants included $40,000 to SPCA in Olean and $25,000 each to SBU Warming House, SBU Giving Day, and Olean Food Pantry.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists James E. Stitt as president and director; Carol A. Stitt as secretary, treasurer, and director; James M. Stitt as assistant treasurer and director; and John F. Stitt as assistant secretary and director.
The Stitt Foundation Inc is led by James M. Stitt, President, Director, Assistant Treasurer & Director on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
James M. Stitt
President, Director, Assistant Treasurer & Director
On filings since 2020
0.5 hrs/week
No compensation reported
Carol A. Stitt
Secretary, Treasurer & Director
On filings since 2020
0.5 hrs/week
No compensation reported
John F. Stitt
Assistant Secretary & Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Stitt Foundation Inc
How much does The Stitt Foundation Inc give each year?
The Stitt Foundation Inc gave $1.7M across 29 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $291K across 9 grants.
What is The Stitt Foundation Inc's typical grant size?
The Stitt Foundation Inc's median grant in 2025 was $5,000, and its average grant was $59,946, across 29 grants on its 2025 IRS Form 990-PF.
Where does The Stitt Foundation Inc give grants?
The Stitt Foundation Inc gives mostly in New York: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Ohio (6%). The most frequent recipient cities were Olean, NY (9 grants), St Bonaventure, NY (6 grants), Hilton Head, SC (3 grants) and Allegany, NY (2 grants).
Does The Stitt Foundation Inc give general operating support?
Yes: 100% of The Stitt Foundation Inc's 2025 grants with a stated purpose (29 of 29) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Stitt Foundation Inc's largest grantees?
The Stitt Foundation Inc's largest 2025 grantees include Olean General Hospital ($1,240,000), The University of Dayton ($100,000) and Challenger Learning Center Olean ($50,000), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is The Stitt Foundation Inc?
The Stitt Foundation Inc reported $4.9M in total assets on its 2025 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $442K (roughly 5% of its investment assets).
What does The Stitt Foundation Inc fund?
No foundation mission statement is provided. Its grant recipients illustrate the range of organizations it supports. Olean General Hospital describes its mission as providing excellent care in response to the health care needs of the Olean, New York, and Bradford, Pennsylvania, communities. See mission & focus areas ↑
How do I apply for a grant from The Stitt Foundation Inc?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Stitt Foundation Inc's EIN?
The Stitt Foundation Inc's EIN (Employer Identification Number) is 85-2753005. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 8, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 19, 2026)
- IRS filings on file for fiscal years 2020–2025
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Cite this profile
Grantable. (2026). The Stitt Foundation Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/the-stitt-foundation-inc-morg_0b152d7d5b0443dab9206b1c96561c44
BibTeX
@misc{grantable_852753005_2026,
author = {{Grantable}},
title = {{The Stitt Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-stitt-foundation-inc-morg_0b152d7d5b0443dab9206b1c96561c44},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Stitt Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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