Royce Family Fund Inc
The Royce Family Fund Inc is a private foundation established in 1985 and based in Greenwich, Connecticut. It operates as a 501(c)(3) organization with tax-exempt status since September 1986. The foundation is a family foundation that supports a diverse range of charitable causes across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$97.4M
-1.8% YoY
Annual Giving
$5.9M
+11.9% YoY
Grant Count
100
-5.7% YoY
Avg Grant Size
$59K
+18.7% YoY
Mission & Focus Areas
The foundation's stated purpose includes building a town center street to benefit the community and supporting a public radio station to benefit the community.
Primary funding areas include:
- Arts and Culture — Museums, historical activities, historic preservation, and creative organizations
- Education — Higher education and K-12 institutions, including private, parochial, and charter schools
- Religion — Episcopal agencies and churches, with particular emphasis on Christianity, Protestantism, Episcopalianism, Anglicanism, and Lutheranism
- Health
- Human Services
- Community & Civic Engagement
Grantmaking
The foundation is an active grantmaker with significant annual giving. In 2024, it made 116 grants totaling approximately $5.89 million in giving.
Grant Range
s:** Typical awards range from $215 to $1,450,000.
How to Apply
** The foundation does not accept unsolicited proposals. Networking with past grantees may be necessary to be considered for funding.
Ready to take the next step with Royce Family Fund Inc?
Geographic Focus
Where this funder awards grants
The foundation gives nationally but prioritizes specific regions:
- Primary focus: Connecticut and the greater New York City area
- Secondary focus: Rhode Island and Florida
- Additional states served: California, Texas, Massachusetts, Maryland, Delaware, Maine, Michigan, Minnesota, North Carolina, Ohio, Pennsylvania, and others
Notable grantees reflect regional clusters in Connecticut, New York, Rhode Island, and Florida, including organizations such as the American Film Institute, Bruce Museum, Eugene O'Neill Theater Center, French Heritage Society of New York City, and Historical Society of Palm Beach.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $97.3–$97.4 million
- Total Revenue: $4.63 million
- Total Expenses: $6.52 million
- Net Income: -$1.88 million
- Total Liabilities: $41,900
- Number of Employees: 0
Investment Income: The foundation's revenue is primarily derived from investment income and dividends.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $97,356,400 | $99,098,241 | $112,463,711 |
| Revenue | $4,630,703 | $1,726,659 | $1,475,446 |
| Expenses | $6,515,091 | $6,293,196 | $5,405,381 |
| Qualifying Distributions | $7,258,903 | $6,507,287 | $6,554,656 |
| Net Investment Income | $4,508,370 | $2,108,674 | $1,571,445 |
| Distributable Amount | $3,783,906 | $14,897,367 | $5,088,780 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Charles M. Royce — President and Treasurer. A small-cap investor and portfolio manager since 1972 for Royce Investment Partners and president of Royce & Associates. Brown University graduate with a home in Westerly, Rhode Island since the late 1980s. Serves on a voluntary basis without compensation.
Deborah Goodrich Royce — Filmmaker and actress; married to Charles M. Royce. Involved in philanthropic efforts alongside her husband.
Nicholas Moore — Secretary and foundation officer. Runs a consulting service and serves on a voluntary basis without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES M ROYCE | PRESIDENT AND TREASURER | 2 | — |
| NICHOLAS MOORE | SECRETARY | 2 | — |
Recent News & Activity
Recent developments and announcements
The foundation maintains a low profile and does not publicly share detailed information about its grantmaking priorities or strategies. Recent activity is reflected in its 2024 Form 990 filing, which shows continued active grantmaking with 116 grants distributed during the year.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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