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.
Key facts about Royce Family Fund Inc
- EIN
- 13-3318620
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $5,890,470
- Grants made (2024)
- 100
- Average grant
- $58,905
- Median grant
- $10,000
- New grantees (estimate)
- 29% first-time grantees (29 of 100, 2024)
- Total assets
- $97,356,400
- Primary geography
- New York (36% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited proposals. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Royce Family Fund Inc funds
By grant dollars, the top recipient states for Royce Family Fund Inc's 100 itemized 2024 grants were New York (36%), Rhode Island (22%) and Connecticut (19%). The most frequent recipient cities were New York, NY (21 grants), Greenwich, CT (14 grants), Westerly, RI (9 grants) and Greenwhich, CT (3 grants). 100% of grants with a stated purpose were for general or operating support.
Is Royce Family Fund Inc open to new grantees?
29%
first-time grantees, 2024
In 2024, 29 of 100 grantees (29%) were first-time recipients. First grants averaged $48K; repeat grants $63K. How we count
Medians: $10K first-time, $12K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 192% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Royce Family Fund Inc
- How to evaluate Royce Family Fund Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Royce Family Fund Inc with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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
Under IRS private-foundation payout rules, Royce Family Fund Inc reported a distributable amount of $3.8M for 2024 — the minimum it must pay out in qualifying distributions.
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
Share of all 100 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
552 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Fidelity Investments Charitable Gift Fund ($1,000,000), Hunter Foundation ($834,127), Frick Collection ($538,400).
| Recipient | Purpose | Amount |
|---|---|---|
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND Boston, MA | GENERAL PURPOSES | $1,000,000 |
| HUNTER FOUNDATION Tannersville, NY | GENERAL PURPOSES | $834,127 |
| FRICK COLLECTION New York, NY | GENERAL PURPOSES | $538,400 |
| BROWN UNIVERSITY Providence, RI | GENERAL PURPOSES | $495,000 |
| OCEAN COMMUNITY UNITED THEATER Westerly, RI | GENERAL PURPOSES | $386,000 |
| KNICKERBOCKER MUSIC CENTER INC Westerly, RI | GENERAL PURPOSES | $283,425 |
| AVON THEATER FILM CENTER INC Greenwhich, CT | GENERAL PURPOSES | $276,423 |
| BRUCE MUSEUM Greenwich, CT | GENERAL PURPOSES | $225,000 |
| NEW YORK BOTANICAL GARDEN Bronx, NY | GENERAL PURPOSES | $130,000 |
| FILMMAKERS New York, NY | GENERAL PURPOSES | $126,000 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
Frequently Asked Questions
What does Royce Family Fund Inc fund?
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, P…
How do I apply for a grant from Royce Family Fund Inc?
The foundation does not accept unsolicited proposals. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Royce Family Fund Inc make 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,…
What size grants does Royce Family Fund Inc award?
In 2024, Royce Family Fund Inc awarded 100 grants totaling $5.9M — an average of about $59K per grant, based on its IRS Form 990 filings.
How much is Royce Family Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Royce Family Fund Inc reported a distributable amount of $3.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Royce Family Fund Inc's EIN?
Royce Family Fund Inc's EIN (Employer Identification Number) is 13-3318620. IRS Form 990 filing data is available on this page for 2020–2024.
Does Royce Family Fund Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Explore Open Grants
Browse active grant opportunities in Royce Family Fund Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Chicago Community Trust
Chicago, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Ge Aerospace Foundation
Norwalk, CT
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
American Savings Foundation Inc
New Britain, CT
Assets
$98.1M
Grants
636
Total Given
$3.2M
Hartford Foundation for Public Giving
Hartford, CT
Assets
$1.2B
Grants
613
Total Given
$51.5M
Eversource Energy Foundation Inc
Hartford, CT
Assets
$12.5M
Grants
606
Total Given
$6.2M
The Community Foundation for Greater New
New Haven, CT
Assets
$627.4M
Grants
505
Total Given
$23.4M
Women's Business Development Council
Stamford, CT
Assets
$12.5M
Grants
470
Total Given
$8.6M
Fairfield County's Community Foundation
Norwalk, CT
Assets
$291.4M
Grants
448
Total Given
$25.7M
Viking Global Foundation Inc
Stamford, CT
Assets
$7.1M
Grants
423
Total Given
$3.6M
Ion Bank Foundation Inc
Naugatuck, CT
Assets
$14.8M
Grants
408
Total Given
$991K
Jpmorgan Chase Foundation
New York, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in Connecticut
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.