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 |
Ready to take the next step with Richard C Bane Family Foundation Inc?
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.
Explore Open Grants
Browse active grant opportunities in Richard C Bane Family Foundation Inc's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Massachusetts
The Scholl Family Foundation Inc
Montclair, NJ
Assets
$616K
Grants
77
Total Given
$57K
Palmer and Jane D Davenport Foundation
Chicago, IL
The Palmer and Jane D Davenport Foundation funds programs and projects improving health, welfare, and quality of life for people on Cape Cod and the Islands, with a preference for specific initiatives over general operating support. Its 2025 grants ranged from $1,000 to $50,000, with a median of $5,000. It accepts applications year-round through its website or by email; applications are reviewed each fall.
Assets
$4.8M
Grants
24
Total Given
$173K
Koch Family Foundation Inc
Annapolis, MD
The foundation supports eligible charitable, scientific, literary, and educational organizations, with grants spanning schools, food assistance, and arts programs. Its 2025 grants ranged from $150 to $20,000, with a median of $1,000; funding primarily went to organizations in Maryland and Massachusetts. It accepts requests by letter on an ongoing basis and says its giving is not limited to preselected organizations.
Assets
$3.0M
Grants
60
Total Given
$150K
Gratis Foundation
McLean, VA
The Gratis Foundation funds education, health care and medical research, humanitarian services, support for abused and neglected children, and U.S. military personnel and their families, with other listed interests including animal welfare and food programs. Its 2025 grants ranged from $5,000 to $200,000, with a median of $10,000, and went to organizations across the U.S.; applicants must be 501(c)(3)s in designated areas, which are not specified. It accepts applications through Wells Fargo Philanthropic Services’ online form.
Assets
$14.6M
Grants
75
Total Given
$1.0M
Bebe & Crosby Kemper Foundation
Kansas City, MO
The foundation supports arts organizations and health-related services, with 2024 grants ranging from $55,000 to $500,000 (median $150,000). It funded organizations in Missouri and Colorado, with most grant dollars going to Missouri. It makes grants only to preselected organizations and does not accept unsolicited requests.
Assets
$12.3M
Grants
3
Total Given
$705K
Amelia Peabody Charitable Fund Trust
Boston, MA
This fund supports Massachusetts nonprofits in medicine, social welfare, visual arts, historic preservation, and land conservation, but only for capital projects and purchases. In 2024, grants ranged from $15,000 to $4 million, with a median of $90,000. It invites applications from eligible organizations through its application process.
Assets
$121.5M
Grants
54
Total Given
$15.2M
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Richard C Bane Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Richard C Bane Family Foundation Inc down — hundreds of funders to go?