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THE STEWART W & WILLMA C HOYT FOUNDATION INC

BINGHAMTON, NY · EIN 223209342 · Form 990PF · FY2024 · NTEE T310 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$1.9M
expenses
$511K
net assets
$23.5M
employees
profile · synthesized from sources

The Stewart W & Willma C Hoyt Foundation Inc is a private foundation based in Binghamton, NY, focused on grantmaking to support community development, arts, education, and social services. It funds nonprofit organizations primarily in Broome County, with an emphasis on capacity-building projects, infrastructure improvements, and programmatic support across cultural, educational, and humanitarian sectors.

named programs · 4 · from sources

What they call their work

Arts and Cultural Programming Support
Funds arts initiatives such as opera programs, youth music education, public art guides, and cultural campaigns through multi-year and project-specific grants
Capital and Capacity Building Grants
Supports capital projects and organizational development for nonprofits, including facility upgrades, security systems, and satellite classrooms
Community Infrastructure and Green Innovation
Finances green infrastructure projects and public space improvements, including library reading gardens and conservation area access
Immigration Legal Services
Provides funding to establish a part-time legal position for immigration and refugee services
activities · 6 groups

What they do

  • Art Museum Funding and Support 4 activities
    • Funding Broome County’s participation in NYSCA Statewide Community Regrants Program
      Supports the Broome County portion of the New York State Council on the Arts Statewide Community Regrants Program.
    • Funding critical upgrades to the Roberson Museum
      Finances critical facility upgrades at the Roberson Museum.
    • Funding improvements to visitor access at the IBM Glen
      Finances improvements to visitor access at the IBM Glen.
    • Funding production of the 2024 Art Guide
      Supports the production of the 2024 Art Guide through the Broome County Arts Council.
  • Capital Infrastructure Funding 4 activities
    • Funding capital and capacity-building initiatives
      Funds capital and capacity-building initiatives, including the acquisition of a van/satellite classroom for outreach purposes.
    • Funding green infrastructure innovation
      Provides multi-year grants to support innovation in green infrastructure.
    • Funding installation of a security system at Volunteers of America facility
      Finances the installation of an integrated security system at Volunteers of America’s building in Binghamton.
    • Funding the Broome County Library reading garden redesign
      Supports the new and updated design and implementation of the Broome County Library's reading garden.
  • Refugee and Immigrant Resettlement Services 1 activity
    • Funding a part-time immigration/refugee attorney position
      Provides $50,000 per year for three years to fund a part-time immigration/refugee attorney position.
  • Community Event Fundraising 1 activity
    • Funding pop-up holiday caroling and youth programs
      Finances pop-up holiday caroling programs throughout Broome County and 2024 youth programs.
  • Centralized Community Federation Support 1 activity
    • Funding the United Cultural Fund Campaign 2024
      Provides funding for the United Cultural Fund Campaign 2024 through the Broome County Arts Council.
  • Uncategorized 1 activity
    • Funding programming initiatives of the Binghamton Philharmonic Orchestra
      Provides a $25,000 annual grant over four years (2024–2028) to support programming initiatives of the Binghamton Philharmonic Orchestra.
financials · form 990PF · fy2024
revenue
Total revenue$1.86M
Contributions & grants
Program service revenue
Investment income$706K38%
Other revenue$1.14M
expenses
Total expenses$511K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$191K
Grants paid out$806K
balance sheet
Total assets$23.47M
Cash
Investments
Liabilities
Net assets$23.46M
5 years on record · 2020–2024 · YoY revenue +151.4%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
CATHERINE A SCHWOEFFERMANN EXECUTIVE DIRECTOR 50 $191K
board members · 3
  • AUBREY CLARK — VICE-CHAIR
  • MARENA GONZ — CHAIR
  • ROBERTA PETERSON — BOARD MEMBER
relationships · 10

Who they work with

  • AMERICAN CIVIC ASSOCIATION Partner — Receives multi-year funding to establish a part-time immigration/refugee attorney position.
  • BINGHAMTON PHILHARMONIC ORCHESTRA Partner — Receives multi-year program grants to advance its artistic initiatives from 2024 to 2028.
  • BROOME COUNTY ARTS COUNCIL Partner — Receives funding for the 2024 Art Guide and the United Cultural Fund Campaign 2024.
  • EARLVILLE OPERA HOUSE Partner — Receives funding toward the Broome County portion of the NYS Council on the Arts Statewide Community Regrants Program.
  • FRIENDS OF BROOME COUNTY LIBRARY Partner — Receives funding for the redesign and implementation of the library's reading garden.
  • KOPERNIK OBSERVATORY AND SCIENCE CENTER Partner — Receives grant funding for a van/satellite classroom to support science outreach.
  • ROBERSON MUSEUM & SCIENCE Partner — Receives funding for green infrastructure innovation and critical museum upgrades.
  • TRI CITIES OPERA Partner — Receives funding for pop-up holiday caroling and youth programs in Broome County.
  • VOLUNTEERS OF AMERICA Partner — Receives funding to install an integrated security system at their Binghamton facility.
  • WATERMAN CONSERVATION Partner — Receives funding for improving visitor access at the IBM Glen.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Multi-Year Programmatic Granting for Stability
    methodology: multi_year_program_granting
    By providing multi-year grants, the foundation enables sustained planning and implementation of programs, leading to greater organizational stability and program effectiveness because consistent funding reduces administrative burden and allows grantees to focus on impact rather than constant reapplication.