The Stitt Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLEAN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 9 grants totaling $291K. Net investment income was $569K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.5M
+20.3% YoY
Annual Giving
$291K
+38.9% YoY
Grant Count
9
-78.0% YoY
Avg Grant Size
$32K
+532.8% YoY
Under IRS private-foundation payout rules, The Stitt Foundation Inc reported a distributable amount of $375K for 2024 — the minimum it must pay out in qualifying distributions.
About The Stitt Foundation Inc
Based on IRS filings
The Stitt Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLEAN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.5M in total assets. In 2024, it awarded 9 grants totaling $291K. Net investment income was $569K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,477,534 | $4,554,772 | $3,935,496 |
| Revenue | $1,513,182 | $1,076,533 | $2,991,593 |
| Expenses | $304,501 | $215,897 | $37,575 |
| Qualifying Distributions | $291,000 | $209,500 | $37,575 |
| Net Investment Income | $568,928 | $292,536 | $106,072 |
| Distributable Amount | $375,029 | $289,638 | $220,442 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The University of Dayton ($100,000), St Bonaventure University ($75,000), St Bonaventure University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST BONAVENTURE UNIVERSITY ST BONAVENTURE, NY | GENERAL | $25,000 |
| THE UNIVERSITY OF DAYTON DAYTON, OH | GENERAL | $100,000 |
| LITERACY OF LOVE INC OLEAN, NY | GENERAL | $5,000 |
| ST BONAVENTURE UNIVERSITY ST BONAVENTURE, NY | GENERAL | $75,000 |
| OLEAN AREA YOUTH HOCKEY ASSOCIATION OLEAN, NY | GENERAL | $10,000 |
| OLEAN FOOD PANTRY OLEAN, NY | GENERAL | $25,000 |
| ST BONAVENTURE UNIVERSITY ST BONAVENTURE, NY | GENERAL | $25,000 |
| OLEAN GENERAL HOSPITAL FOUNDATION OLEAN, NY | NEW LINEAR ACELERATOR EQUIPMENT | $25,000 |
| THE UNIVERSITY OF DAYTON DAYTON, OH | GENERAL | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES E STITT | PRESIDENT, DIRECTOR | 0.5 | — |
| CAROL A STITT | SECRETARY, TREASURER, DIRECTOR | 0.5 | — |
| JAMES M STITT | ASSISTANT TREASURER, DIRECTOR | — | — |
| JOHN F STITT | ASSISTANT SECRETARY, DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Stitt Foundation Inc?
The Stitt Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OLEAN, NY. It holds $5.5M in total assets as of 2024.
How large is The Stitt Foundation Inc?
As of 2024, The Stitt Foundation Inc holds $5.5M in total assets with $1.5M in annual revenue. It awarded 9 grants totaling $291K in 2024.
Where does The Stitt Foundation Inc operate?
The Stitt Foundation Inc has awarded grants in Florida, Georgia, New York, Ohio, South Carolina.
What size grants does The Stitt Foundation Inc award?
In 2024, The Stitt Foundation Inc awarded 9 grants totaling $291K — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is The Stitt Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Stitt Foundation Inc reported a distributable amount of $375K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Stitt Foundation Inc'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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