Kenneth D Bane Foundation Inc
Kenneth D Bane Foundation Inc is a private foundation based in Salem, Massachusetts. In 2024, it reported giving to charitable organizations, including recipients in Massachusetts, New York, Connecticut, California, and the District of Columbia.
Kenneth D Bane Foundation Inc at a glance
In short: Kenneth D Bane Foundation Inc gave $14K across 15 grants in 2024 (avg $937.533), mostly in Massachusetts. 27% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $14,063
- +31.6% vs 2023
- Grants made (2024)
- 15
- -21.1% vs 2023
- Average grant
- $938
- +66.7% vs 2023
- Median grant
- $500
- Total assets
- $44,285
- -30.5% vs 2023
- New grantees (estimate)
- 27% first-time grantees (4 of 15, 2024; small sample)
- Primary geography
- Massachusetts (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Kenneth D Bane Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 530 Loring Avenue, Salem, MA 01970
Phone: (978) 744-8228
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Kenneth D Bane Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Marblehead Money ($3K). Together the top 10 received $13K.
Grant Size Distribution
84 grants across all recorded years
The most common grant size was under $50K: 84 grants of 84 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 74% of grant dollars went to recipients in Massachusetts, 15% to New York, 7% to Connecticut, 3% to California, and 1% to the District of Columbia.
Grant Distribution by State
Share of 2024 grant dollars across all 15 itemized grants.
States
Cities
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. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. 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 grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $9K (2020) to $18K (2021). In 2024 it made 15 grants totaling $14K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $44,285 | $2,083 | $32,982 | $14,063 | 15 | $1,367 | $13,573 | $7,564 |
| 2023 | $63,694 | $2,551 | $33,916 | $10,683 | 19 | $12,130 | $33,785 | $7,260 |
| 2022 | $63,825 | $3,356 | $32,806 | $13,727 | 18 | $13,727 | $5,081 | $7,080 |
| 2021 | $91,551 | $3,926 | $34,077 | $17,968 | 20 | $17,968 | $16,974 | $8,609 |
| 2020 | $108,652 | $4,200 | $21,404 | $9,138 | 12 | — | $16,051 | $9,128 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for organizations such as SPUR INC, which describes its mission as mobilizing volunteers for meaningful service and enrichment opportunities that support community needs on the North Shore.
Grantmaking
In 2024, the foundation made 15 grants totaling $14,063. Grant amounts ranged from $80 to $3,093, with a median of $500. Its largest grants included $3,093 to MARBLEHEAD MONEY, $2,650 to DANA FARBER CANCER INSTITUTE, $2,057 to TEMPLE EMANUEL, $1,500 to MARBLEHEAD ROTARY, and $1,200 to MERRY MIXERS. SPUR INC received $103.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Kenneth D Bane as president, director, and secretary, and Barbara Bane, Jared Bane, and Lauren Bane as vice presidents.
Kenneth D Bane Foundation Inc is led by Kenneth D. Bane, President, Director & Secretary on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kenneth D. Bane
President, Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Barbara Bane
Vice President
On filings since 2020
1 hr/week
No compensation reported
Jared Bane
Vice President
On filings since 2020
1 hr/week
No compensation reported
Lauren Bane
Vice President
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 Kenneth D Bane Foundation Inc
How much does Kenneth D Bane Foundation Inc give each year?
Kenneth D Bane Foundation Inc gave $14K across 15 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $11K across 19 grants.
What is Kenneth D Bane Foundation Inc's typical grant size?
Kenneth D Bane Foundation Inc's median grant in 2024 was $500, and its average grant was $938, across 15 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Kenneth D Bane Foundation Inc that year got $2K on average.
Where does Kenneth D Bane Foundation Inc give grants?
Kenneth D Bane Foundation Inc gives mostly in Massachusetts: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (15%) and Connecticut (7%). The most frequent recipient cities were Marblehead, MA (6 grants).
Does Kenneth D Bane Foundation Inc give general operating support?
Yes: 100% of Kenneth D Bane Foundation Inc's 2024 grants with a stated purpose (15 of 15) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Kenneth D Bane Foundation Inc's largest grantees?
Kenneth D Bane Foundation Inc's largest 2024 grantees include Marblehead Money ($3,093), Dana Farber Cancer Institute ($2,650) and Temple Emanuel ($2,057), according to its 2024 IRS Form 990-PF. Together they received 55% of its itemized 2024 grant dollars.
How large is Kenneth D Bane Foundation Inc?
Kenneth D Bane Foundation Inc reported $44K in total assets on its 2024 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $8K (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 does Kenneth D Bane Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations such as SPUR INC, which describes its mission as mobilizing volunteers for meaningful service and enrichment opportunities that support community needs on the North Shore. See mission & focus areas ↑
How do I apply for a grant from Kenneth D Bane Foundation Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Kenneth D Bane Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Kenneth D Bane Foundation Inc funds
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