Walter & Cecile Borchert Scholarship Fund

Foundation · Grantmaker Buffalo, NY EIN: 16-6384392

Walter & Cecile Borchert Scholarship Fund is a private foundation, based in Buffalo, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $619K in total assets. In 2024, it awarded 6 grants totaling $30K. Net investment income was $34K.

Key facts about Walter & Cecile Borchert Scholarship Fund

EIN: 16-6384392
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $30,000
Grants made (2024): 6
Average grant: $5,000
Median grant: $6,000
Total assets: $619,143
Primary geography: New York (58% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated April 2026.

Who Walter & Cecile Borchert Scholarship Fund funds

By grant dollars, the top recipient states for Walter & Cecile Borchert Scholarship Fund's 6 itemized 2024 grants were New York (58%), Colorado (22%) and Rhode Island (20%). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Scholarship" (5 grants).

How Walter & Cecile Borchert Scholarship Fund gives

Giving held roughly steady from 2021 to 2024 (−5%). Method
In 2024 it paid out 90% 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.

Next steps with Walter & Cecile Borchert Scholarship Fund

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$619K

+0.3% YoY

Annual Giving

$30K

-0.8% YoY

Grant Count

-33.3% YoY

Avg Grant Size

$5K

+48.8% YoY

Under IRS private-foundation payout rules, Walter & Cecile Borchert Scholarship Fund reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.

About Walter & Cecile Borchert Scholarship Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $18K (58%)

Colorado $7K (22%)

Rhode Island $6K (20%)

Share of all 6 itemized 2024 grant dollars.

States

California Colorado Massachusetts Maine New Jersey New York Pennsylvania Rhode Island South Carolina Virginia Vermont

Cities

RochesterSyracuseAlbanyBinghamtonBostonClintonIthacaPotsdamAuburnBiddefordBlacksburgBuffaloBurlingtonConwayFredoniaGeneseoHaverfordLakewoodNew BrunswickOswego

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$619,143	$617,214	$633,632
Revenue	$46,524	$26,672	$30,378
Expenses	$43,867	$42,853	$52,228
Qualifying Distributions	$31,500	$31,750	$38,895
Net Investment Income	$34,325	$15,217	$18,444
Distributable Amount	$35,069	$32,599	$34,180

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

37 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Colorado Christian University ($6,500), Hamilton College ($6,500), Johnson & Wales University ($6,000).

Recipient	Purpose	Amount
COLORADO CHRISTIAN UNIVERSITY Lakewood, CO	SCHOLARSHIP	$6,500
HAMILTON COLLEGE Clinton, NY	SCHOLARSHIP	$6,500
JOHNSON & WALES UNIVERSITY Providence, RI	SCHOLARSHIP	$6,000
LEMOYNE COLLEGE Albany, NY	SCHOLARSHIP AWARD	$6,000
SUNY GENESEO Geneseo, NY	SCHOLARSHIP	$3,000
ONONDAGA COMMUNITY COLLEGE Syracuse, NY	SCHOLARSHIP	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

Name	Title	Hours	Compensation
M T Bank	Trustee	1	$11,393

Frequently Asked Questions

How large is Walter & Cecile Borchert Scholarship Fund?

As of 2024, Walter & Cecile Borchert Scholarship Fund holds $619K in total assets with $47K in annual revenue. It awarded 6 grants totaling $30K in 2024.

Where does Walter & Cecile Borchert Scholarship Fund operate?

Walter & Cecile Borchert Scholarship Fund has awarded grants in California, Colorado, Massachusetts, Maine, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Virginia, Vermont.

What size grants does Walter & Cecile Borchert Scholarship Fund award?

In 2024, Walter & Cecile Borchert Scholarship Fund awarded 6 grants totaling $30K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Walter & Cecile Borchert Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter & Cecile Borchert Scholarship Fund reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.