Kenneth D Bane Foundation Inc
Kenneth D Bane Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in Salem, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44K in total assets. In 2024, it awarded 15 grants totaling $14K. Net investment income was $14K.
Key facts about Kenneth D Bane Foundation Inc
- EIN
- 20-2631734
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $14,063
- Grants made (2024)
- 15
- Average grant
- $938
- Median grant
- $500
- New grantees (estimate)
- 27% first-time grantees (4 of 15, 2024)
- Total assets
- $44,285
- Primary geography
- Massachusetts (74% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Kenneth D Bane Foundation Inc funds
By grant dollars, the top recipient states for Kenneth D Bane Foundation Inc's 15 itemized 2024 grants were Massachusetts (74%), New York (15%) and Connecticut (7%). The most frequent recipient cities were Marblehead, MA (6 grants). 100% of grants with a stated purpose were for general or operating support.
Is Kenneth D Bane Foundation Inc open to new grantees?
27%
first-time grantees, 2024
In 2024, 4 of 15 grantees (27%) were first-time recipients. First grants averaged $2K; repeat grants $637. How we count
Medians: $2K first-time, $500 repeat.
- 47% of 2024 grantees were also funded in 2023. Method
- Giving fell 22% from 2021 to 2024. Method
- In 2024 it paid out 18% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Kenneth D Bane Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$44K
-30.5% YoY
Annual Giving
$14K
+31.6% YoY
Grant Count
15
-21.1% YoY
Avg Grant Size
$937.533
+66.7% YoY
Under IRS private-foundation payout rules, Kenneth D Bane Foundation Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Kenneth D Bane Foundation Inc
Based on IRS filings
Kenneth D Bane Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in Salem, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $44K in total assets. In 2024, it awarded 15 grants totaling $14K. Net investment income was $14K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 15 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $44,285 | $63,694 | $63,825 |
| Revenue | $2,083 | $2,551 | $3,356 |
| Expenses | $32,982 | $33,916 | $32,806 |
| Qualifying Distributions | $1,367 | $12,130 | $13,727 |
| Net Investment Income | $13,573 | $33,785 | $5,081 |
| Distributable Amount | $7,564 | $7,260 | $7,080 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Marblehead Money ($3,093), Dana Farber Cancer Institute ($2,650), Temple Emanuel ($2,057).
| Recipient | Purpose | Amount |
|---|---|---|
| MARBLEHEAD MONEY Marblehead, MA | GENERAL/UNRESTRICTED | $3,093 |
| DANA FARBER CANCER INSTITUTE Boston, MA | GENERAL UNRESTRICTED | $2,650 |
| TEMPLE EMANUEL New York, NY | GENERAL UNRESTRICTED | $2,057 |
| MARBLEHEAD ROTARY Marblehead, MA | GENERAL UNRESTRICTED | $1,500 |
| MERRY MIXERS Marblehead, MA | GENERAL/UNREST | $1,200 |
| TAFT FOUNDATION Watertown, CT | GENERAL UNRESTRICTED | $1,000 |
| NORTH SHORE COMMUNITY HEALTH NETWORK FUND Danvers, MA | GENERAL UNRESTRICTED | $515 |
| THE OUIMET FUND Norton, MA | GENERAL UNRESTRICTED | $500 |
| FRIENDS OF MARBLEHEAD Marblehead, MA | GENERAL UNRESTRICTED | $500 |
| NEW ENGLAND PGA Boylston, MA | GENERAL UNRESTRICTED | $315 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Barbara Bane | VP | 1 | — |
| Jared Bane | VP | 1 | — |
| Kenneth D Bane | Pres/Dir/Sec | 1 | — |
| Lauren Bane | VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Kenneth D Bane Foundation Inc?
Kenneth D Bane Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in Salem, MA. It holds $44K in total assets as of 2024.
How large is Kenneth D Bane Foundation Inc?
As of 2024, Kenneth D Bane Foundation Inc holds $44K in total assets with $2K in annual revenue. It awarded 15 grants totaling $14K in 2024.
Where does Kenneth D Bane Foundation Inc operate?
Kenneth D Bane Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Delaware, Florida, Kansas, Massachusetts, Maryland, New Hampshire, New York, Ohio.
What size grants does Kenneth D Bane Foundation Inc award?
In 2024, Kenneth D Bane Foundation Inc awarded 15 grants totaling $14K — an average of about $937.533 per grant, based on its IRS Form 990 filings.
How much is Kenneth D Bane Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Kenneth D Bane Foundation Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Kenneth D Bane Foundation Inc's EIN?
Kenneth D Bane Foundation Inc's EIN (Employer Identification Number) is 20-2631734. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.