Richard C Bane Family Foundation Inc
Richard C Bane Family Foundation Inc is a private foundation, based in Salem, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $116K in total assets. In 2024, it awarded 2 grants totaling $6K. Net investment income was $42K.
Richard C Bane Family Foundation Inc at a glance
In short: Richard C Bane Family Foundation Inc gave $6K across 2 grants in 2024 (avg $3K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $6,000
- +71.4% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $3,000
- +71.4% vs 2023
- Median grant
- $3,000
- Total assets
- $116,467
- +6.0% vs 2023
- Primary geography
- Massachusetts (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 Richard C Bane Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Combined Jewish Philanthropies ($5K). Together the top 2 received $6K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Richard C Bane Family Foundation Inc gives
- In 2024 it paid out 117% 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 $4K (2023) to $6K (2024). In 2024 it made 2 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Combined Jewish Philanthropies Boston, MA | General/Unrestricted | $5,000 |
| Cape Cod Foundation So Yarmouth, MA | General/Unrestricted | $1,000 |
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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 | $116,467 | $1,716 | $11,846 | $6,000 | 2 | $6,000 | $41,747 | $5,139 |
| 2023 | $109,920 | $1,506 | $8,703 | $3,500 | 2 | $8,585 | $5,260 | $5,320 |
| 2022 | $84,384 | $8,484 | $10,101 | $5,000 | 2 | $5,000 | $8,485 | $4,383 |
| 2020 | $39,452 | $1,770 | $13,688 | $4,500 | 2 | — | $1,797 | $4,161 |
Under IRS private-foundation payout rules, Richard C Bane Family Foundation Inc reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Richard C Bane Family Foundation Inc is led by Richard Bane, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Richard Bane
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 Richard C Bane Family Foundation Inc
How much does Richard C Bane Family Foundation Inc give each year?
Richard C Bane Family Foundation Inc gave $6K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 2 grants.
How large is Richard C Bane Family Foundation Inc?
Richard C Bane Family Foundation Inc reported $116K in total assets on its 2024 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
Where does Richard C Bane Family Foundation Inc operate?
Richard C Bane Family Foundation Inc has awarded grants in Massachusetts.
What is Richard C Bane Family Foundation Inc's EIN?
Richard C Bane Family Foundation Inc's EIN (Employer Identification Number) is 20-2631721. 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
Live grants for the work Richard C Bane Family Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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