M & T Charitable Foundation
- Assets
- $203.2m
- Revenue
- $21.3m
- Investments
- $105.5m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 02/1994
- Data as of
- 12/2023
- EIN
- 16-1448017
Organization Overview
M & T Charitable Foundation is located in Buffalo, NY. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M & T Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, M & T Charitable Foundation generated $21.3m in total revenue. All expenses for the organization totaled $41.1m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTCOMES X 30 & 30
COMMUNITY FIRST FUND
CENTER FOR REGIONAL STRATEGIES
LIVING CITIES, INC.: THE NATIONAL COMMUNITY DEVELOPMENT INIT
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,467,326 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,856,044 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,717 |
| Capital Gain Net Income | $5,717 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,318 |
| Total Revenue | $21,330,405 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $79,183 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $79,183 |
| Contributions, gifts, grants paid | $41,009,568 |
| Total expenses and disbursements | $41,088,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$50 |
| Savings and temporary cash investments | $97,701,789 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $203,176,299 |
| Accounts payable and accrued expenses | $968,272 |
| Grants payable | $52,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,020,272 |