The mission of the Stewart W. and Willma C. Hoyt Foundation, Inc.,
created to perpetuate the Hoyts' charitable interest, is to use its
resources to enhance the quality of life of the people of Broome County
primarily through judicious grantmaking.
Catherine A. Schwoeffermann,
Jane M. Fett, Finance Manager
Willma Cornell Hoyt’s Broome County roots ran deep. An only child,
she was born in 1888 to a family with a long history in the area. Her
grandfather Cornell had established a successful funeral business, later
continued by her father, first in Port Crane and then in Binghamton. The
family enjoyed the respect of the community in part because of the value
they placed on family, church, friendship, and high standards of
In 1907, at age 19, Willma married Stewart, a native of Michigan. The
Hoyts, who were childless, lived with her parents at 70 Front Street for
many years, and the two couples were very close. Both Hoyts were
generous, and throughout the 60 years of their marriage, they followed a
pattern of regular giving to their church and to arts and social service
organizations in the Broome County area.
Two years after Stewart’s death in 1968 at the age of 94, Willma
established the Hoyt Foundation with assets based on their early
investments in IBM. Annual gifts to the community, in accordance with
the Hoyts’ long established interests, were made by a small board
including Willma for the remainder of her life. When she died in 1982,
also at the age of 94, the foundation received its major funding—some $9
million—from her estate.
Although the lives of both Willma and Stewart Hoyt were distinguished
by quiet philanthropy, they would be surprised at the extent to which
their legacy has benefited the community in which they made their home
for so many years. Since 1971, grants to the people of Broome County
from the Hoyt Foundation have totaled over $26 million, a remarkable
gift from a couple whose unassuming lives were made extraordinary by
their generosity to others.
Currently, the Hoyt Foundation’s endowment is approximately
million. Stewart and Willma Hoyt’s vision and funding, coupled with the
prudent management afforded by a dedicated Board, has created a strong
mechanism to seek solutions to critical issues facing our community.
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Grant Guidelines and Funding Restrictions
Grants are limited to qualified nonprofit organizations with 501(c)(3)
designation from the IRS. Organizations must be located in, or directly
serving residents of Broome County, New York.
The Hoyt Foundation focuses broadly in the areas of:
- Human Services
Organizations may qualify to submit proposals for special projects,
capital needs, or technical assistance. The Foundation is
particularly interested in assisting programs that meet an urgent
community need, that do not unnecessarily duplicate the work of other
organizations, that have explored alternative funding sources, and that
have some reasonable assurance of ongoing support.
Please note the following:
An organization may submit only one proposal during the calendar
If an organization currently has an open or active grant awarded
in a previous grant cycle, it cannot apply, regardless of whether
all grant payments have been made. The determination as to whether a
grant is “open” or “closed” is made by the Hoyt Foundation.
Generally, if an organization received an award in one grant
cycle, it must skip two (2) years (4 grant cycles) before it can
apply again for another project (and the grant for which it
previously received funding must be closed). Example: An agency that
received a grant in Spring 2011 will be ineligible to apply until
Fall 2013, and then only if the Spring 2011 grant is closed as
determined by the Hoyt Foundation.
Organizations may not resubmit a proposal for a project or
program which has been previously declined by the Hoyt Foundation.
The Hoyt Foundation does not make grants to individuals, endowments, or for general operating support.
It does not make grants for economic development projects, nor for repair/ongoing maintenance projects.
It does not make grants to organizations that have so many counterparts that to consider one would open a
floodgate (examples include: individual scout troops, ambulance squads, volunteer fire departments, churches
for capital or historic preservation, schools, PTA’s, chapter
clubs/organizations and health related organizations with local chapters). Other limitations may apply.
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Calls of inquiry are required to determine eligibility.
A meeting with the Executive Director must precede submission of a full
proposal to the Hoyt Foundation.
Direct inquiries to:
Catherine A. Schwoeffermann, Executive Director
Grants will be considered at the June and December Board Meetings.
Application deadlines are April 4 and September 15.
applicants must have a telephone discussion with the Executive Director at
least one month prior to the application deadline (before March 1 for
spring applications and before July 28 for fall applications)
. If the grant meets the
Hoyt Foundation's guidelines, a second meeting will be scheduled to
discuss the grant application process.
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For complete descriptions click on 2016 Grant Awards link.
Boys & Girls Club of Western Broome
Broome Community College Foundation
Broome County Arts Council
Broome County Council of Churches-CHOW
Chenango Arts Council
Family Enrichment Network, Inc.
Greater Binghamton Education Outreach Program
New York Council of Nonprofits
Roberson Memorial, Inc.
Salvation Army Binghamton Corps
Volunteers Improving Neighborhood Environments, Inc.
Waterman Conservation Center
WSKG Public Media
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