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
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.
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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
Among its reported 2024 grants, the largest include Fidelity Investments Charitable Gift Fund ($1,000,000), Hunter Foundation ($834,127), Frick Collection ($538,400).
| Recipient | Purpose | Amount |
|---|---|---|
| ALLIANCE FRANCAISE OF GREENWICH GREENWHICH, CT | GENERAL PURPOSES | $1,000 |
| ALZHEIMER'S ASSOCIATION CHICAGO, IL | GENERAL PURPOSES | $1,046 |
| AMERICAN FILM INSTITUTE LOS ANGELES, CA | GENERAL PURPOSES | $25,000 |
| AMERICAN FRIENDS OF THE ARCHBISHOP OF CANTERBURY'S ACF INC GREENWICH, CT | GENERAL PURPOSES | $20,000 |
| AMERICAN PROMISE EDUCATION FUND CONCORD, MA | GENERAL PURPOSES | $5,000 |
| AMERICAN RED CROSS WASHINGTON, DC | GENERAL PURPOSES | $10,000 |
| ASPCA NEW YORK, NY | GENERAL PURPOSES | $1,000 |
| AVON THEATER FILM CENTER INC GREENWHICH, CT | GENERAL PURPOSES | $276,423 |
| BERKELEY DIVINITY SCHOOL NEW HAVEN, CT | GENERAL PURPOSES | $65,000 |
| BREAKTHROUGH T1D NEW YORK, NY | GENERAL PURPOSES | $5,000 |
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
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.
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 is an active grantmaker with significant annual giving. In 2024, it made 116 grants totaling approximately $5.89 million in giving. **Grant Sizes:** Typical awards range from $215 to $1,450,000. **Recent Notable Grants (2024):** • The Hunter Foundation: $834,127 • The Frick Collection: $538,400 • Brown University: $495,000 **Application Process:** The foundation does not accept unsolicited proposals. Networking with past grantees may be necessary to be considered for funding.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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