Walter & Cecile Borchert Scholarship Fund
Walter & Cecile Borchert Scholarship Fund is a private foundation, based in Buffalo, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $639K in total assets. In 2025, it awarded 9 grants totaling $34K. Net investment income was $57K.
Walter & Cecile Borchert Scholarship Fund at a glance
In short: Walter & Cecile Borchert Scholarship Fund gave $34K across 9 grants in 2025 (avg $4K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $34,000
- +13.3% vs 2024
- Grants made (2025)
- 9
- +50.0% vs 2024
- Average grant
- $3,778
- -24.4% vs 2024
- Median grant
- $4,000
- Total assets
- $638,914
- +3.2% vs 2024
- Primary geography
- New York (74% 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 Walter & Cecile Borchert Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 39 grants of 39 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 9 itemized grants.
States
Cities
How Walter & Cecile Borchert Scholarship Fund gives
- Giving held roughly steady from 2022 to 2025 (−9%). Method
- In 2025 it paid out 98% 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 2019 to 2025, annual grant giving ranged from $26K (2019) to $41K (2020). In 2025 it made 9 grants totaling $34K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 9 individual scholarships Recipients not named | — | $34,000 |
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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 | $638,914 | $69,219 | $49,397 | $34,000 | 9 | $35,653 | $56,731 | $36,221 |
| 2024 | $619,143 | $46,524 | $43,867 | $30,000 | 6 | $31,500 | $34,325 | $35,069 |
| 2023 | $617,214 | $26,672 | $42,853 | $30,250 | 9 | $31,750 | $15,217 | $32,599 |
| 2022 | $633,632 | $30,378 | $52,228 | $37,250 | 7 | $38,895 | $18,444 | $34,180 |
| 2021 | $655,630 | $70,515 | $46,642 | $31,500 | 8 | $31,500 | $55,198 | $39,483 |
| 2020 | $631,878 | $16,981 | $54,554 | $40,900 | 7 | — | $3,586 | $35,189 |
| 2019 | $669,317 | $26,438 | $38,604 | $25,500 | 7 | — | $13,295 | $36,716 |
Under IRS private-foundation payout rules, Walter & Cecile Borchert Scholarship Fund reported a distributable amount of $36K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Walter & Cecile Borchert 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
$12K (2025)
Former officers (4)
- Former: M & T Bank (2022–2024) — Trustee
- Former: M. & T. (2021) — Co-Trustee
- Former: M&T Trust CO (2020) — Co-Trustee
- Former: M AND T Trust CO (2019) — Co-Trustee
Data from IRS Form 990 filings, 2019–2025. "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 $12K, to M T Trust Company (Trustee).
Frequently asked questions about Walter & Cecile Borchert Scholarship Fund
How much does Walter & Cecile Borchert Scholarship Fund give each year?
Walter & Cecile Borchert Scholarship Fund gave $34K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 6 grants.
What is Walter & Cecile Borchert Scholarship Fund's typical grant size?
Walter & Cecile Borchert Scholarship Fund's median grant in 2025 was $4,000, and its average grant was $3,778, across 9 grants on its 2025 IRS Form 990-PF.
Where does Walter & Cecile Borchert Scholarship Fund give grants?
Walter & Cecile Borchert Scholarship Fund gives mostly in New York: 74% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Maine (19%) and Pennsylvania (7%).
Does Walter & Cecile Borchert Scholarship Fund give general operating support?
Not in 2025: none of the 9 grants with a stated purpose on Walter & Cecile Borchert Scholarship Fund's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (9 grants).
How large is Walter & Cecile Borchert Scholarship Fund?
Walter & Cecile Borchert Scholarship Fund reported $639K in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $36K (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 Walter & Cecile Borchert Scholarship Fund's EIN?
Walter & Cecile Borchert Scholarship Fund's EIN (Employer Identification Number) is 16-6384392. IRS Form 990 filing data is available on this page for 2019–2025.
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 2020 (received by the IRS May 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 22, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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