Bonney Family Foundation Inc
Bonney Family Foundation Inc is a private foundation, based in Framingham, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.6M in total assets. In 2024, it awarded 1 grant totaling $4.5M. Net investment income was $1.9M.
Bonney Family Foundation Inc at a glance
In short: Bonney Family Foundation Inc gave $4.5M across 1 grant in 2024 (avg $4.5M), mostly in Maine. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $4,500,000
- +48.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $4,500,000
- +48.8% vs 2023
- Median grant
- $4,500,000
- Total assets
- $16,583,364
- -13.3% vs 2023
- Primary geography
- Maine (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Bonney Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Bates College ($4.5M).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $1–5M range: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Bonney Family Foundation Inc gives
- Giving grew 29% from 2021 to 2024. Method
- In 2024 it paid out 455% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $3.0M (2023) to $4.5M (2024). In 2024 it made 1 grant totaling $4.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bates College Lewiston, ME | General Support | $4,500,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $16,583,364 | $2,094,570 | $4,637,869 | $4,500,000 | 1 | $4,500,000 | $1,855,402 | $989,413 |
| 2023 | $19,126,663 | $1,140,075 | $3,194,372 | $3,025,197 | 1 | $3,025,197 | $964,828 | $1,009,832 |
| 2022 | $21,180,960 | $493,274 | $3,859,130 | $3,605,000 | 2 | $3,605,000 | $236,969 | $1,146,669 |
| 2021 | $24,546,816 | $3,852,863 | $3,768,356 | $3,500,000 | 1 | $3,500,000 | $2,081,598 | $1,347,628 |
| 2020 | $25,077,027 | $3,837,681 | $3,424,797 | $3,260,000 | 1 | — | $3,654,151 | $1,266,897 |
Under IRS private-foundation payout rules, Bonney Family Foundation Inc reported a distributable amount of $989K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Bonney Family Foundation Inc is led by Michael W. Bonney, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael W. Bonney
President
On filings since 2020
1 hr/week
No compensation reported
Alison G. Bonney
Treasurer & Clerk
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Bonney Family Foundation Inc
How much does Bonney Family Foundation Inc give each year?
Bonney Family Foundation Inc gave $4.5M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3.0M across 1 grant.
How large is Bonney Family Foundation Inc?
Bonney Family Foundation Inc reported $16.6M in total assets on its 2024 IRS Form 990-PF. It paid out $4.5M in qualifying distributions that year, against a required minimum of $989K (roughly 5% of its investment assets).
Where does Bonney Family Foundation Inc operate?
Bonney Family Foundation Inc has awarded grants in California, Maine.
What is Bonney Family Foundation Inc's EIN?
Bonney Family Foundation Inc's EIN (Employer Identification Number) is 01-0568837. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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