Banyan Fund
Banyan Fund is a private foundation focused on Health, based in Boston, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $591K in total assets. In 2025, it awarded 4 grants totaling $22K. Net investment income was $25K.
Banyan Fund at a glance
In short: Banyan Fund gave $22K across 4 grants in 2025 (avg $5K), mostly in New Hampshire. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $21,736
- -5.5% vs 2024
- Grants made (2025)
- 4
- +100.0% vs 2024
- Average grant
- $5,434
- -52.7% vs 2024
- Median grant
- $5,000
- Total assets
- $590,596
- +7.3% vs 2024
- Primary geography
- New Hampshire (54% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Banyan Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was New England School of the Arts ($10K). Together the top 4 received $22K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Banyan Fund gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $19K (2021) to $26K (2020). In 2025 it made 4 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New England School of the Arts Lebanon, NH | General Purpose | $10,000 |
| Communites for Restorative Justice Boston, MA | General Purpose | $5,000 |
| Pan Mass Challenge Needham, MA | General Purpose | $5,000 |
| Historical Society of Cheshire County Keene, NH | General Purpose | $1,736 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $590,596 | $30,117 | $29,767 | $21,736 | 4 | $24,113 | $25,290 | $27,663 |
| 2024 | $550,490 | $44,115 | $29,845 | $23,000 | 2 | $25,238 | $39,508 | $26,342 |
| 2023 | $518,545 | $8,782 | $28,789 | $22,400 | 3 | $24,486 | $9,178 | $24,601 |
| 2022 | $482,575 | $-11,620 | $26,977 | $19,000 | 2 | $21,105 | $5,014 | $26,204 |
| 2021 | $636,281 | $54,071 | $26,144 | $19,000 | 3 | $21,196 | $49,237 | $29,962 |
| 2020 | $602,473 | $33,208 | $32,701 | $26,152 | 6 | — | $28,735 | $26,876 |
Under IRS private-foundation payout rules, Banyan Fund reported a distributable amount of $28K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Banyan Fund's 2025 filing lists 6 officers; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
David K Frechette
Trustee
On filings since 2020
1 hr/week
No compensation reported
Edward K Frechette
Trustee
On filings since 2020
1 hr/week
No compensation reported
Henry M Frechette
Trustee
On filings since 2020
1 hr/week
No compensation reported
James E Frechette
Trustee
On filings since 2020
1 hr/week
No compensation reported
Maggie Gainey
Trustee
On filings since 2020
1 hr/week
No compensation reported
Peter C Frechette
Trustee
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Jocelyn Frechette (2020–2024) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Banyan Fund
How much does Banyan Fund give each year?
Banyan Fund gave $22K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 2 grants.
What is Banyan Fund's typical grant size?
Banyan Fund's median grant in 2025 was $5,000, and its average grant was $5,434, across 4 grants on its 2025 IRS Form 990-PF.
Where does Banyan Fund give grants?
Banyan Fund gives mostly in New Hampshire: 54% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Massachusetts (46%).
Does Banyan Fund give general operating support?
Yes: 100% of Banyan Fund's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Banyan Fund?
Banyan Fund reported $591K in total assets on its 2025 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $28K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Banyan Fund?
Banyan Fund is a private foundation focused on Health, based in Boston, MA. It holds $591K in total assets as of 2025.
What is Banyan Fund's EIN?
Banyan Fund's EIN (Employer Identification Number) is 04-6528278. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
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