Walter R Sylvester Memorial Fund is a private foundation focused on Education, based in ALIQUIPPA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $349K in total assets. In 2024, it awarded 5 grants totaling $42K. Net investment income was $10K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$349K
-8.5% YoY
Annual Giving
$42K
+0.0% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$8K
+0.0% YoY
Under IRS private-foundation payout rules, Walter R Sylvester Memorial Fund reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Walter R Sylvester Memorial Fund
Based on IRS filings
Walter R Sylvester Memorial Fund is a private foundation focused on Education, based in ALIQUIPPA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $349K in total assets. In 2024, it awarded 5 grants totaling $42K. Net investment income was $10K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $349,148 | $381,780 | $413,741 |
| Revenue | $9,568 | $10,082 | $2,373 |
| Expenses | $42,200 | $42,043 | $40,015 |
| Qualifying Distributions | $42,000 | $42,000 | $40,000 |
| Net Investment Income | $9,568 | $10,082 | $2,373 |
| Distributable Amount | $17,871 | $19,480 | $21,277 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Benjamin Cronin ($10,000), Sean Kennelly ($10,000), Sophia Kennelly ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BENJAMIN CRONIN MONACA, PA | COLLEGE SCHOLARSHIP | $10,000 |
| SEAN KENNELLY ALIQUIPPA, PA | COLLEGE SCHOLARSHIP | $10,000 |
| SOPHIA KENNELLY ALIQUIPPA, PA | COLLEGE SCHOLARSHIP | $10,000 |
| KRISTINA LACENERE ALIQUIPPA, PA | COLLEGE SCHOLARSHIP | $10,000 |
| CHRISTIANE FRYE MONACA, PA | COLLEGE SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KIMBERLY MCKENZIE | OFFICER | — | — |
| WALTER SYLVESTER | OFFICER | — | — |
| THOMAS SYLVESTER | OFFICER | — | — |
| MICHAEL SYLVESTER | OFFICER | — | — |
| LOIS SYLVESTER | OFFICER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Walter R Sylvester Memorial Fund?
Walter R Sylvester Memorial Fund is a private foundation focused on Education, based in ALIQUIPPA, PA. It holds $349K in total assets as of 2024.
How large is Walter R Sylvester Memorial Fund?
As of 2024, Walter R Sylvester Memorial Fund holds $349K in total assets with $10K in annual revenue. It awarded 5 grants totaling $42K in 2024.
Where does Walter R Sylvester Memorial Fund operate?
Walter R Sylvester Memorial Fund has awarded grants in Pennsylvania.
What size grants does Walter R Sylvester Memorial Fund award?
In 2024, Walter R Sylvester Memorial Fund awarded 5 grants totaling $42K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Walter R Sylvester Memorial Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter R Sylvester Memorial Fund reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter R Sylvester Memorial Fund's EIN?
Walter R Sylvester Memorial Fund's EIN (Employer Identification Number) is 20-6365186. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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