WSB Family Foundation
WSB FAMILY FOUNDATION is a private foundation based in Albany, New York. Its 2025 filing reports grants to charitable organizations, with most grant dollars going to recipients in New York.
Key facts about WSB Family Foundation
In short: WSB Family Foundation gave $493K across 42 grants in 2025 (avg $12K), mostly in New York. 21% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 46-1204082
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $493,174
- Grants made (2025)
- 42
- Average grant
- $11,742
- Median grant
- $4,500
- New grantees (estimate)
- 21% first-time grantees (9 of 42, 2025)
- Total assets
- $11,236,993
- Primary geography
- New York (89% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$11.2M
+3.3% YoY
Annual Giving
$493K
+5.8% YoY
Grant Count
42
+2.4% YoY
Avg Grant Size
$12K
+3.2% YoY
Under IRS private-foundation payout rules, WSB Family Foundation reported a distributable amount of $723K for 2025 — the minimum it must pay out in qualifying distributions.
Is WSB Family Foundation open to new grantees?
21%
first-time grantees, 2025
In 2025, 9 of 42 grantees (21%) were first-time recipients. First grants averaged $3K; repeat grants $14K. How we count
Medians: $1K first-time, $6K repeat.
- 74% of 2025 grantees were also funded in 2024. Method
- Giving grew 25% from 2022 to 2025. Method
- In 2025 it paid out 68% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grantees illustrate the range of organizations it supports. Race Track Chaplaincy of America says it provides social service, recreational, educational, and children’s enrichment programs. Saratoga Plan says it works to preserve the rural character, natural habitats, and scenic beauty of the Saratoga County region. Therapeutic Horses of Saratoga says it rescues and retrains retired racehorses for therapeutic programming. Other grantees include the University of New Hampshire Foundation, which coordinates private support for the university, and LifePath, which helps older adults live safely and independently at home.
Grantmaking
In 2025, the foundation awarded 42 grants totaling $493,174. Grants ranged from $250 to $160,000, with a median of $4,500. Its largest 2025 grants included $160,000 to Albany College of Pharmacy & Health, $51,821 to The Albany Academies, $28,825 to Race Track Chaplaincy of America, $24,750 to the National Museum of Racing & Hall of Fame, and $22,550 to Saratoga Plan.
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Geographic Focus
Where this funder awards grants
In 2025, 89% of grant dollars went to recipients in New York, 6% to Florida, and 4% to New Hampshire. The largest listed recipients were concentrated in Albany and Saratoga Springs, New York.
Grant Distribution by State
Share of all 42 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
191 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| ALBANY COLLEGE OF PHARMACY & HEALTH Albany, NY | DONATION | $160,000 |
| THE ALBANY ACADEMIES Albany, NY | DONATION | $51,821 |
| RACE TRACK CHAPLAINCY OF AMERICA Elmont, NY | DONATION | $28,825 |
| NATIONAL MUSEUM OF RACING & HOF Saratoga Springs, NY | DONATION | $24,750 |
| SARATOGA PLAN Saratoga Springs, NY | DONATION | $22,550 |
| SARATOGA PERFORMING ARTS CENTER Saratoga Springs, NY | DONATION | $21,000 |
| UNIVERSITY OF NEW HAMPSHIRE FOUNDATION INC Durham, NH | DONATION | $20,000 |
| SARATOGA HOSPITAL FOUNDATION Saratoga Spings, NY | DONATION | $17,000 |
| LIFEPATH Albany, NY | DONATION | $15,635 |
| ST CLEMENT'S SCHOOL Saratoga Springs, NY | DONATION | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Grant total | Number of grants |
|---|---|---|
| 2025 | $493,174 | 42 |
| 2024 | $466,338 | 41 |
| 2023 | $588,349 | 39 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $11,236,993 | $10,880,136 | $10,876,991 |
| Revenue | $928,898 | $529,746 | $365,628 |
| Expenses | $577,223 | $526,601 | $639,426 |
| Qualifying Distributions | $493,174 | $466,338 | $588,349 |
| Net Investment Income | $865,104 | $484,507 | $323,103 |
| Distributable Amount | $722,513 | $677,498 | $604,336 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Walter S. Borisenok as president, Michelle C. Borisenok as vice president, Michael A. Borisenok as secretary, and Nicole W. Borisenok as treasurer.
WSB Family Foundation is led by Walter S. Borisenok, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Walter S. Borisenok
President
On filings since 2020
1 hr/week
No compensation reported
Michael A. Borisenok
Secretary
On filings since 2020
1 hr/week
No compensation reported
Michelle C. Borisenok
Vice President
On filings since 2020
1 hr/week
No compensation reported
Nicole W. Borisenok
Treasurer
On filings since 2020
1 hr/week
No compensation reported
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.
Contact
Mailing address: A Cruden Uhy 4 Tower Pl 7Th Fl, Albany, NY 12203
Phone: (518) 428-1213
Frequently asked questions about WSB Family Foundation
How much does WSB Family Foundation give each year?
WSB Family Foundation gave $493K across 42 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $466K across 41 grants.
What is WSB Family Foundation's typical grant size?
WSB Family Foundation's median grant in 2025 was $4,500, and its average grant was $11,742, across 42 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from WSB Family Foundation that year got $3K on average.
Where does WSB Family Foundation give grants?
WSB Family Foundation gives mostly in New York: 89% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Florida (6%). The most frequent recipient cities were Saratoga Springs, NY (15 grants), Albany, NY (9 grants), Vero Beach, FL (2 grants) and Saratoga Spings, NY (2 grants).
Does WSB Family Foundation give general operating support?
Not in 2025: none of the 42 grants with a stated purpose on WSB Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (42 grants).
Who are WSB Family Foundation's largest grantees?
WSB Family Foundation's largest 2025 grantees include Albany College of Pharmacy & Health ($160,000), The Albany Academies ($51,821) and Race Track Chaplaincy of America ($28,825), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is WSB Family Foundation?
WSB Family Foundation reported $11.2M in total assets on its 2025 IRS Form 990-PF. It paid out $493K in qualifying distributions that year, against a required minimum of $723K (roughly 5% of its investment assets).
What does WSB Family Foundation fund?
No mission statement for the foundation is provided. Its 2025 grantees illustrate the range of organizations it supports. Race Track Chaplaincy of America says it provides social service, recreational, educational, and children’s enrichment programs. Saratoga Plan says it works to preserve the rural character, natural habitats, and scenic beauty of the Saratoga County region. Therapeutic Horses of Saratoga says it rescues and retrains retired racehorses for therapeutic programming. Other grante…
How do I apply for a grant from WSB Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is WSB Family Foundation's EIN?
WSB Family Foundation's EIN (Employer Identification Number) is 46-1204082. IRS Form 990 filing data is available on this page for 2020–2025.
Does WSB Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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