Banas Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HADLEY, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $160K in total assets. In 2024, it awarded 8 grants totaling $6K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$160K
-5.7% YoY
Annual Giving
$6K
+50.1% YoY
Grant Count
8
-11.1% YoY
Avg Grant Size
$739.375
+68.9% YoY
Under IRS private-foundation payout rules, Banas Foundation Inc reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Banas Foundation Inc
Based on IRS filings
Banas Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HADLEY, MA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $160K in total assets. In 2024, it awarded 8 grants totaling $6K. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $159,921 | $169,507 | $160,473 |
| Revenue | $1,010 | $16,117 | $67,459 |
| Expenses | $10,596 | $7,083 | $1,806 |
| Qualifying Distributions | $5,915 | $3,940 | $406 |
| Net Investment Income | $1,010 | $1,117 | $15 |
| Distributable Amount | $13,301 | $6,955 | $3,155 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tunnels to Towers ($1,500), Sharon Bolan Ministries ($1,000), Meadow Brook Apts for Eduino Fernandes ($915).
| Recipient | Purpose | Amount |
|---|---|---|
| MEADOW BROOK APTS FOR EDUINO FERNANDES BOSTON, MA | PAID TO BAYSTATE MRI & IMAGING CENTER ON BEHALF OF SAMANTHA KEITH. | $915 |
| TUNNELS TO TOWERS BOSTON, MA | BAYSTATE MEDICAL CENTER ON BEHALF OF SAMANTHA KEITH. | $1,500 |
| HELDOR GOMES ANDRADE WOBURN, MA | BOSTON CHILDREN'S PHYSICIANS ORGANIZATION ON BEHALF OF BRENTLY CLOUTIER. | $500 |
| CANCER CONNECTION NORTHAMPTON, MA | CANCER CONNECTION FOR SUPPORT FOR THOSE WITH CANCER. | $500 |
| HOSPICE OF FISHER HOUSE AMHERST, MA | TO HELP PEOPLE THAT HAVE LESS THAN SIX MONTHS TO LIVE. | $500 |
| SHRINERS HOSPITAL SPRINGFIELD, MA | TO SUPPORT CHILDREN WITH BONE DEFICIENCY. | $500 |
| ST JUDES CHILDRENS RESEARCH HOSPITAL MEMPHIS, TN | CHILDREN'S HEALTHCARE RESEARCH | $500 |
| SHARON BOLAN MINISTRIES ARLINGTON, TX | RELIGION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BRENT BANAS | PRESIDENT /DIRECTOR | 1 | — |
| GARRISON BANAS | TREASURER/ DIRECTOR | 1 | — |
| BRIANA BANAS | CLERK/DIRECTOR | 1 | — |
| KATHY BANAS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Banas Foundation Inc?
Banas Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HADLEY, MA. It holds $160K in total assets as of 2024.
How large is Banas Foundation Inc?
As of 2024, Banas Foundation Inc holds $160K in total assets with $1K in annual revenue. It awarded 8 grants totaling $6K in 2024.
Where does Banas Foundation Inc operate?
Banas Foundation Inc has awarded grants in Massachusetts, Tennessee, Texas, Vermont.
What size grants does Banas Foundation Inc award?
In 2024, Banas Foundation Inc awarded 8 grants totaling $6K — an average of about $739.375 per grant, based on its IRS Form 990 filings.
How much is Banas Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Banas Foundation Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Banas Foundation Inc's EIN?
Banas Foundation Inc's EIN (Employer Identification Number) is 87-4509339. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Banas Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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