Cutco Foundation Inc
Accepts applications
Cutco Foundation Inc is a private foundation in Olean, New York. In tax year 2025 it gave $798,042 in 85 grants; the typical grant was $1,000 and the largest $100,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$798,042
- Number of grants85
- Typical grant$1,000
- Largest grant$100,000
- Assets$13.6 million
- New grantees30%
Giving in 2025 was up from $637,690 the year before.
30% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $957,412 | 81 | $11.6 million |
| 2024 | $637,690 | 77 | $12.4 million |
| 2025 | $798,042 | 85 | $13.6 million |
How to apply
| Contact | Mr James M Stitt 1116 E State Street, Olean, NY 14760 |
|---|---|
| Phone or email | (716) 372-3111 |
| What to submit | Formal written request with supporting documentation |
| Restrictions | Educational, health and youth as restricted by by-laws of the corporation |
What Cutco Foundation Inc funds
Where it gives
Its grants went to recipients in 7 states, the most to New York.
| State | Grants | Amount |
|---|---|---|
| New York | 73 | $716,602 |
| Ohio | 3 | $52,200 |
| Michigan | 1 | $20,000 |
| Florida | 1 | $5,000 |
| Pennsylvania | 5 | $2,240 |
| Illinois | 1 | $1,500 |
| Tennessee | 1 | $500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Jamestown Community College Foundation | Annual gift | $100,000 |
| Olean General Hospital Foundation | Annual gift | $100,000 |
| St Bonaventure University | Pledge | $100,000 |
| YMCA of the Twin Tiers | Pledge | $100,000 |
| Cattaraugus Region Community Foundation | Annual gift | $50,000 |
| University of Dayton | Pledge | $50,000 |
| United Way of Cattaraugus & Allegany Counties | Annual gift | $40,000 |
| Saint Bonaventure University | Annual gift | $25,000 |
| Southern Tier Health Care Systems | Annual gift | $25,000 |
| Ca-Didi | Annual gift | $20,000 |
| Purdue University | Pledge | $20,000 |
| Roswell Park Alliance Foundation | Annual gift | $15,000 |
| American Red Cross | Annual gift | $15,000 |
| American Red Cross | Annual gift | $10,000 |
| Intandem | Annual gift | $10,000 |
| Circle the Wagons Foundation | Annual gift | $10,000 |
| Cattaraugus Region Community Foundation | Annual gift | $5,000 |
| Southern Tier Catholic School Archbishop Walsh Acadamy | Annual gift | $5,000 |
| Bonita Springs Senior Citizen Center | Annual gift | $5,000 |
| Boy Scouts of America - Alleghany Highlands Council | Annual gift | $5,000 |
| Cattaraugus Region Community Foundation | Annual gift | $5,000 |
| Tri-County Arts Council | Annual gift | $5,000 |
| Tri-County Arts Council | Match | $5,000 |
| Saint Bonaventure University | Match | $5,000 |
| Christ United Methodist Church | Annual gift | $4,000 |
| Houghton University | Annual gift | $4,000 |
| Olean Food Pantry | Annual gift | $4,000 |
| Home Care & Hospice | Annual gift | $3,000 |
| Cattaraugus Region Community Foundation | Annual gift | $2,500 |
| Alzheimer's Association Wny Chapter | Annual gift | $2,500 |
| Girls Scouts of Wny | Annual gift | $2,000 |
| Special Olympics New York | Annual gift | $2,000 |
| Immanuel Christian Child Care | Annual gift | $2,000 |
| Olean YMCA | Annual gift | $2,000 |
| Saint Bonaventure University | Annual gift | $2,000 |
| Salvation Army | Annual gift | $2,000 |
| Jamestown Community College Foundation | Match | $2,000 |
| Saint Bonaventure University | Match | $2,000 |
| University of Dayton | Match | $2,000 |
| Equestrian Connection | Annual gift | $1,500 |
Officers and trustees
- James E Stitt
- John Stitt
- James M Stitt
- Carol Stitt
Questions people ask
Does Cutco Foundation Inc accept grant applications?
Yes. Its latest IRS filing says it accepts applications.
How much does Cutco Foundation Inc give?
$798,042 in tax year 2025, across 85 grants, with a typical grant of $1,000.
Who runs Cutco Foundation Inc?
Its 2025 filing lists James E Stitt (President), John Stitt (Director), James M Stitt (Treasurer/Secretary) and Carol Stitt (Director).
What does Cutco Foundation Inc fund?
Based on its grants, mainly education, health and human services.