Vaile & Cleaveland Scholarship Fund
Vaile & Cleaveland Scholarship Fund is a private foundation, based in Buffalo, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $353K in total assets. In 2025, it awarded 4 grants totaling $14K. Net investment income was $22K.
Vaile & Cleaveland Scholarship Fund at a glance
In short: Vaile & Cleaveland Scholarship Fund gave $14K across 4 grants in 2025 (avg $4K), mostly in Maine. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $14,228
- -22.5% vs 2024
- Grants made (2025)
- 4
- -20.0% vs 2024
- Average grant
- $3,557
- -3.1% vs 2024
- Median grant
- $2,668
- Total assets
- $352,542
- +1.1% vs 2024
- Primary geography
- Maine (62% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Vaile & Cleaveland Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Vaile & Cleaveland Scholarship Fund gives
- Giving fell 26% from 2022 to 2025. Method
- In 2025 it paid out 87% 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 2025, annual grant giving ranged from $11K (2023) to $29K (2020). In 2025 it made 4 grants totaling $14K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 individual scholarships Recipients not named | — | $14,228 |
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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 | $352,542 | $27,213 | $23,497 | $14,228 | 4 | $15,725 | $21,675 | $18,136 |
| 2024 | $348,726 | $65,098 | $25,452 | $18,348 | 5 | $19,824 | $59,459 | $16,917 |
| 2023 | $309,761 | $22,693 | $17,517 | $11,200 | 1 | $12,628 | $17,672 | $17,195 |
| 2022 | $303,551 | $18,607 | $26,496 | $19,205 | 5 | $20,672 | $13,391 | $15,394 |
| 2021 | $311,543 | $38,133 | $25,804 | $18,177 | 3 | $18,818 | $32,261 | $19,290 |
| 2020 | $299,299 | $25,715 | $36,206 | $29,210 | 3 | — | $20,497 | $17,129 |
Under IRS private-foundation payout rules, Vaile & Cleaveland Scholarship Fund reported a distributable amount of $18K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Vaile & Cleaveland Scholarship Fund's only listed officer is M T Trust Company, Trustee on the 2025 filing (compensated).
Officers on the 2025 filing
M T Trust Company
Trustee
New on the 2025 filing
1 hr/week
$6K (2025)
Former officers (3)
- Former: M&T Bank (2023–2024) — Trustee
- Former: Wilmington Trust (2022) — Trustee
- Former: Peoples United Bank N A (2020–2021) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to M T Trust Company (Trustee).
Frequently asked questions about Vaile & Cleaveland Scholarship Fund
How much does Vaile & Cleaveland Scholarship Fund give each year?
Vaile & Cleaveland Scholarship Fund gave $14K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $18K across 5 grants.
What is Vaile & Cleaveland Scholarship Fund's typical grant size?
Vaile & Cleaveland Scholarship Fund's median grant in 2025 was $2,668, and its average grant was $3,557, across 4 grants on its 2025 IRS Form 990-PF.
Where does Vaile & Cleaveland Scholarship Fund give grants?
Vaile & Cleaveland Scholarship Fund gives mostly in Maine: 62% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (38%).
Does Vaile & Cleaveland Scholarship Fund give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on Vaile & Cleaveland Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (4 grants).
How large is Vaile & Cleaveland Scholarship Fund?
Vaile & Cleaveland Scholarship Fund reported $353K in total assets on its 2025 IRS Form 990-PF. It paid out $16K in qualifying distributions that year, against a required minimum of $18K (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 Vaile & Cleaveland Scholarship Fund's EIN?
Vaile & Cleaveland Scholarship Fund's EIN (Employer Identification Number) is 03-0343444. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 18, 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 7, 2024)
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