TW Theresa Costa Scholarship Fund
TW Theresa Costa Scholarship Fund is a private foundation focused on Education, based in Norwich, NY. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $188K in total assets. In 2026, it awarded 2 grants totaling $11K. Net investment income was $11K.
TW Theresa Costa Scholarship Fund at a glance
In short: TW Theresa Costa Scholarship Fund gave $11K across 2 grants in 2026 (avg $5K), mostly in New York. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $10,650
- -25.0% vs 2025
- Grants made (2026)
- 2
- +0.0% vs 2025
- Average grant
- $5,325
- -25.0% vs 2025
- Median grant
- $5,325
- Total assets
- $187,790
- -0.9% vs 2025
- Primary geography
- New York (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who TW Theresa Costa Scholarship Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Alfred State College ($7K). Together the top 2 received $11K.
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 9 grants of 9 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
Cities
How TW Theresa Costa Scholarship Fund gives
- Giving held roughly steady from 2023 to 2026 (−3%). Method
- In 2026 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2026, annual grant giving ranged from $9K (2021) to $20K (2024). In 2026 it made 2 grants totaling $11K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Alfred State College Alfred, NY | Scholarship | $7,100 |
| Onondaga Community College Syracuse, NY | Scholarship | $3,550 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $187,790 | $14,357 | $15,968 | $10,650 | 2 | $12,184 | $10,716 | $16,197 |
| 2025 | $189,408 | $13,042 | $19,202 | $14,200 | 2 | $15,407 | $9,395 | $15,055 |
| 2024 | $195,568 | $16,109 | $24,649 | $20,000 | 2 | $21,191 | $8,469 | $14,035 |
| 2023 | $204,108 | $9,354 | $16,618 | $11,000 | 1 | $12,228 | $5,576 | $14,182 |
| 2022 | $211,371 | $28,199 | $19,068 | $14,114 | 2 | $15,336 | $24,461 | $16,011 |
| 2021 | $202,240 | $7,724 | $13,556 | $9,260 | 2 | — | $4,715 | $14,114 |
| 2020 | $208,147 | $10,455 | $18,529 | $14,000 | 2 | — | $6,847 | $13,890 |
Under IRS private-foundation payout rules, TW Theresa Costa Scholarship Fund reported a distributable amount of $16K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
TW Theresa Costa Scholarship Fund's only listed officer is NBT Bank NA, Trustee on every filing since 2020 (compensated).
Officers on the 2026 filing
NBT Bank NA
Trustee
On filings since 2020
1 hr/week
$4K (2020) → $4K (2026)
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $4K, to NBT Bank NA (Trustee).
Frequently asked questions about TW Theresa Costa Scholarship Fund
How much does TW Theresa Costa Scholarship Fund give each year?
TW Theresa Costa Scholarship Fund gave $11K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $14K across 2 grants.
How large is TW Theresa Costa Scholarship Fund?
TW Theresa Costa Scholarship Fund reported $188K in total assets on its 2026 IRS Form 990-PF. It paid out $12K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is TW Theresa Costa Scholarship Fund?
TW Theresa Costa Scholarship Fund is a private foundation focused on Education, based in Norwich, NY. It holds $188K in total assets as of 2026.
Where does TW Theresa Costa Scholarship Fund operate?
TW Theresa Costa Scholarship Fund has awarded grants in New York, Texas.
What is TW Theresa Costa Scholarship Fund's EIN?
TW Theresa Costa Scholarship Fund's EIN (Employer Identification Number) is 16-6417356. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 6, 2026)
- IRS filings on file for fiscal years 2020–2025
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