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.
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
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 |
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 include Marblehead Money ($3,093), Dana Farber Cancer Institute ($2,650), Temple Emanuel ($2,057).
| Recipient | Purpose | Amount |
|---|---|---|
| MERRY MIXERS MARBLEHEAD, MA | GENERAL/UNREST | $1,200 |
| MARBLEHEAD MONEY MARBLEHEAD, MA | GENERAL/UNRESTRICTED | $3,093 |
| SPUR MARBLEHEAD, MA | GENERAL/UNRESTRICTED | $103 |
| MARBLEHEAD FESTIVAL ARTS MARBLEHEAD, MA | GENERAL UNRESTRICTED | $80 |
| DANA FARBER CANCER INSTITUTE BOSTON, MA | GENERAL UNRESTRICTED | $2,650 |
| MARBLEHEAD ROTARY MARBLEHEAD, MA | GENERAL UNRESTRICTED | $1,500 |
| TAFT FOUNDATION WATERTOWN, CT | GENERAL UNRESTRICTED | $1,000 |
| AMERICAN RED CROSS WASHINGTON, DC | GENERAL UNRESTRICTED | $100 |
| THE OUIMET FUND NORTON, MA | GENERAL UNRESTRICTED | $500 |
| FRIENDS OF MARBLEHEAD MARBLEHEAD, MA | GENERAL UNRESTRICTED | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.