Richard C Bane Family Foundation Inc
Richard C Bane Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$116K
+6.0% YoY
Annual Giving
$6K
+71.4% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$3K
+71.4% YoY
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.
About Richard C Bane Family Foundation Inc
Based on IRS filings
Richard C Bane Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $116,467 | $109,920 | $84,384 |
| Revenue | $1,716 | $1,506 | $8,484 |
| Expenses | $11,846 | $8,703 | $10,101 |
| Qualifying Distributions | $6,000 | $8,585 | $5,000 |
| Net Investment Income | $41,747 | $5,260 | $8,485 |
| Distributable Amount | $5,139 | $5,320 | $4,383 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Combined Jewish Philanthropies ($5,000), Cape Cod Foundation ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COMBINED JEWISH PHILANTHROPIES BOSTON, MA | GENERAL/UNRESTRICTED | $5,000 |
| CAPE COD FOUNDATION SO YARMOUTH, MA | GENERAL/UNRESTRICTED | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD BANE | PRES | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard C Bane Family Foundation Inc?
Richard C Bane Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALEM, MA. It holds $116K in total assets as of 2024.
How large is Richard C Bane Family Foundation Inc?
As of 2024, Richard C Bane Family Foundation Inc holds $116K in total assets with $2K in annual revenue. It awarded 2 grants totaling $6K in 2024.
Where does Richard C Bane Family Foundation Inc operate?
Richard C Bane Family Foundation Inc has awarded grants in Massachusetts.
What size grants does Richard C Bane Family Foundation Inc award?
In 2024, Richard C Bane Family Foundation Inc awarded 2 grants totaling $6K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Richard C Bane Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard C Bane Family Foundation Inc reported a distributable amount of $5K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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