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EIN 16-1491450

Cutco Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Olean
State
New York
Year formed
1996
Most recent tax filings
2023-12-01
NTEE code, primary
T21: Corporate foundations
Description
The Cutco Foundation is a corporate foundation based in Olean, NY, that primarily funds various initiatives including annual gifts, matching programs, and specific projects like the Laine Outdoor Center and the WNY Law Enforcement Torch Run. It supports charitable, religious, scientific, and educational purposes for organizations. Last year, it made 81 grants to various grantees, including the Alzheimer's Association.
Total revenues
$1,592,713
2023
Total expenses
$974,595
2023
Total assets
$10,303,830
2023
Num. employees
0
2023

Program areas at Cutco Foundation

The entity intends to support the charitable, religious, scientific and educational purposes of any organization, so long as such organization is described in sections 170 (b) (1) 501 (c) (3), 2055 and 2522 of the internal revenue code of 1983.

Grants made by Cutco Foundation

GranteeGrant descriptionAmount
Olean General Hospital FoundationVascular Services$100,000
Young Mens Christian Association of Olean NY and Bradford PAYear 2 of 5 - 2023 Laine Outdoor Center$100,000
Jamestown Community College FoundationEntrepreneur Program Year 2 of 2 - 2023$100,000
...and 33 more grants made totalling $426,750

Personnel at Cutco Foundation

NameTitleCompensation
James M StittTreasurer$0

Financials for Cutco Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,303,781
Investment income and dividends$223,838
Net rental income$0
Net gain from sale of non-inventory assets$65,094
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,592,713

Form 990s for Cutco Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-10990PFView PDF
2022-122023-05-11990PFView PDF
2021-122022-05-12990PFView PDF
2020-122021-05-15990PFView PDF
2019-122020-09-10990PRView PDF
...and 8 more Form 990s

Organizations like Cutco Foundation

OrganizationLocationRevenue
Pleiad FoundationBirmingham, AL$1,946,568
Don G Kaspar FoundationShiner, TX$432,962
Deacon Charitable FoundationCitrus Heights, CA$752,140
C Spire Wireless FoundationRidgeland, MS$600,000
Optivest FoundationDana Point, CA$1,411,670
Incrediblebank FoundationWausau, WI$425,200
Olsson FoundationLincoln, NE$624,226
The Stewart FoundationYork, PA$1,166,079
Levi Ray and Shoup FoundationSpringfield, IL$1,464,245
One Against Childhood HungerSalt Lake City, UT$591,695
Data update history
August 12, 2024
Posted financials
Added Form 990PF for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990PF for fiscal year 2022
June 30, 2023
Updated personnel
Identified 1 new personnel
July 21, 2022
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsCorporate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1116 E State St
Olean, NY 14760
County
Cattaraugus County, NY
Website URL
cutco.com/ 
Phone
(716) 372-3111
IRS details
EIN
16-1491450
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T21: Corporate foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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