philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

First Niagara Foundation

IRS exemption revoked

Buffalo, NY501(c)(3)Foundations & Grantmakers EIN 16-1549641Revenue $24K in FY2022

On file with the IRSfirstniagarafoundation.org726 Exchange St Ste 701, 14210-1463 · Buffalo, NYTax-exempt since Jun 1998Private non-operating foundation

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Before you give

FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990-PF
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 3
filings with a surplus
Average deficit $6.9M a year · 550% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
990-PF Pt I · 3 filings
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$150K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$24K
-99% vs prior year
Spent
$5.2M
Net assets
$878K
By yearFY2020–FY2022
Revenue
$24K
FY2022▼ -99%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$2.2M
FY2022$24K
Expenses
$5.2M
FY2022▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.9M
FY2021$8.2M
FY2022$5.2M
Net assets
$878K
FY2022▼ -85%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.8M
FY2021$6.0M
FY2022$878K

From the FY2022 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in Jun 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Grants & contributions paid 98% · $5.1M Operating & administrative 2% · $99K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990-PF.

Part VII, Section A · reportable compensation
Gary Crosby
President
$0Pt VII · Sec A
Ann Segarra
Treasurer
$0Pt VII · Sec A
Buford Sears
Secretary
$0Pt VII · Sec A
Trina Evans
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
David Zebro
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Elizabeth Gurney
Executive Director
$0Pt VII · Sec A
See First Niagara Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Programs and updates

A private foundation based in Buffalo, NY.

Questions for First Niagara Foundation

Tap to ask. First Niagara Foundation sees how many people are interested.

Your first name shows with your question. First Niagara Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 81 grants · $7.4M · 2022–2022
The Women and Childrens Hospital of Buffalo FoundationFY2022$1,500,000
Research Foundation for the State University of New YorkNY · FY2022$625,000
Mount St Marys Hospital Foundation INCFY2022$500,000
Young Mens Christian Association Buffalo NiagaraFY2022$250,000
The Economic Development Group INCNY · FY2022$250,000
Gerard Place Housing Development Fund Company INCFY2022$250,000
Buffalo Arts and Technology Center INCNY · FY2022$250,000
Providence Farm Collective CorpNY · FY2022$200,000
Hispanic Heritage Council of Western New York INCNY · FY2022$200,000
Feedmore Foundation of Western New York INCFY2022$200,000
City Year INCMA · FY2022$200,000
Buffalo Niagara Medical Campus INCNY · FY2022$200,000
Heart Love & Soul INCNY · FY2022$150,000
Community Foundation for Greater Buffalo INCNY · FY2022$150,000
Buffalo Olmsted Parks Conservancy INCNY · FY2022$150,000
Veterans One-Stop Center of Wny INCNY · FY2022$100,000
The FoundryFY2022$100,000
Say Yes Buffalo Scholarship INCNY · FY2022$100,000
See all 81 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV52
Average grantPart XV$91K
Median grantPart XV$25K
Largest grantPart XV$1.5M
Top cause focusNTEEArts & Culture (15%)

By the numbers

The FY2022 990-PF, line by line.

Download 990
from philanthropy.org
1The main four
Money in
$24K
Investment income$19K
Other income$5K
Money out
$5.2M
Grants paid$5.1M
Running costs$99K
Owns and owes
$878K
net assets
Cash and savings$1.0M
Total assets$1.0M
Liabilities$150K
People
8
listed
Paid0
2In more detail
Revenue in detail
Investment income$19K
Other income$5K
Total revenue$24K
Assets in detailEnd of year
Cash and savings together$1.0M
Total assets$1.0M
Liabilities$150K
Net assets$878K
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $24K$5.2M−$5.1M$878K 990 PDF
FY2021 $2.2M$8.2M−$6.0M$6.0M 990 PDF
FY2020 $1.5M$10.9M−$9.4M$13.8M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.