Royce Family Foundation Inc

FORT LEE, NJ EIN: 13-6124271

Royce Family Foundation Inc is a private foundation, based in FORT LEE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 1 grants totaling $94K. Net investment income was $56K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

-7.0% YoY

Annual Giving

$94K

+80.2% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$94K

+80.2% YoY

Under IRS private-foundation payout rules, Royce Family Foundation Inc reported a distributable amount of $60K for 2024 — the minimum it must pay out in qualifying distributions.

About Royce Family Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $211K (69%)

New Jersey $94K (31%)

States

New Jersey New York

Cities

AddressesFort LeeLong Island City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,036,599	$1,114,413	$1,137,206
Revenue	$83,424	$95,482	$-205,549
Expenses	$161,238	$117,865	$111,351
Qualifying Distributions	$107,384	$69,647	$60,354
Net Investment Income	$56,312	$72,474	—
Distributable Amount	$59,765	$58,368	$63,151

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Various Contributions ($94,439).

Recipient	Purpose	Amount
VARIOUS CONTRIBUTIONS FORT LEE, NJ	VARIOUS	$94,439

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RRICHARD ROYCE	PRESIDENT	2	—
MOMONA ROYCE	DIRECTOR	2	—
PAUL ROYCE	DIRECTOR	2	—

Frequently Asked Questions

How large is Royce Family Foundation Inc?

As of 2024, Royce Family Foundation Inc holds $1.0M in total assets with $83K in annual revenue. It awarded 1 grants totaling $94K in 2024.

Where does Royce Family Foundation Inc operate?

Royce Family Foundation Inc has awarded grants in New Jersey, New York.

What size grants does Royce Family Foundation Inc award?

In 2024, Royce Family Foundation Inc awarded 1 grants totaling $94K — an average of about $94K per grant, based on its IRS Form 990 filings.

How much is Royce Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Royce Family Foundation Inc reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.