The Bancroft Family Foundation
The Bancroft Family Foundation is a private foundation based in Middletown, Rhode Island. Its 2024 filing reports grants to charitable organizations working in areas including education, youth support, adoption and foster care, family services, and recreation; these are areas reflected in the named recipients’ work, not a stated foundation mission.
The Bancroft Family Foundation at a glance
In short: The Bancroft Family Foundation gave $177K across 20 grants in 2024 (avg $9K), top state Massachusetts. 35% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $177,000
- +40.5% vs 2023
- Grants made (2024)
- 20
- +33.3% vs 2023
- Average grant
- $8,850
- +5.4% vs 2023
- Median grant
- $6,000
- Total assets
- $1,538,304
- +99.9% vs 2023
- New grantees (estimate)
- 35% first-time grantees (7 of 20, 2024; small sample)
- Primary geography
- Massachusetts (45% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Bancroft Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 55 Hammarlund Way Tech Ii, Middletown, RI 02842
Phone: (401) 841-8880
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Bancroft Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Nativity Preparatory School ($25K). Together the top 10 received $138K.
Grant Size Distribution
80 grants across all recorded years
The most common grant size was under $50K: 80 grants of 80 (100%).
Geographic Focus
Where this funder awards grants
The 2024 filing reports that recipients in Massachusetts received 45% of grant dollars, those in Rhode Island received 22%, those in North Carolina 11%, and those in Connecticut and Virginia 6% each. Named 2024 recipients were also located in Washington, DC, and Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 20 itemized grants.
States
Cities
Is The Bancroft Family Foundation open to new grantees?
35%
first-time grantees, 2024
In 2024, 7 of 20 grantees (35%) were first-time recipients. With only 20 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $7K; repeat grants $10K. How we count
Medians: $5K first-time, $6K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 74% from 2021 to 2024. Method
- In 2024 it paid out 270% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $100K (2020) to $177K (2024). In 2024 it made 20 grants totaling $177K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nativity Preparatory School New Bedford, MA | Charitable Donation | $25,000 |
| Adoption Rhode Island Providence, RI | Charitable Donation | $20,000 |
| BuddyMentor Inc Charlotte, NC | Charitable Donation | $20,000 |
| Our Sisters' School New Bedford, MA | Charitable Donation | $20,000 |
| New Beginnings Family Academy Bridgeport, CT | Charitable Donation | $10,600 |
| Hopecam Inc Reston, VA | Charitable Donation | $10,000 |
| Community Boating Center New Bedford, MA | Charitable Donation | $10,000 |
| Lucy's Hearth Middletown, RI | Charitable Donation | $10,000 |
| College Bound Washington, DC | Charitable Donation | $6,000 |
| SYMI-fr Inc Swansea, MA | Charitable Donation | $6,000 |
Ready to take the next step with The Bancroft Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,538,304 | $958,157 | $189,303 | $177,000 | 20 | $189,259 | $812,555 | $69,967 |
| 2023 | $769,451 | $39,084 | $133,776 | $126,000 | 15 | $133,244 | $26,552 | $67,263 |
| 2022 | $864,142 | $163,704 | $175,424 | $164,000 | 20 | $174,052 | $39,204 | $63,984 |
| 2021 | $875,862 | $191,050 | $118,872 | $102,000 | 8 | $107,197 | $73,375 | $68,895 |
| 2020 | $803,684 | $127,517 | $118,357 | $100,000 | 17 | — | $15,227 | $54,245 |
Under IRS private-foundation payout rules, The Bancroft Family Foundation reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission is stated in the available information. Its 2024 recipients include organizations whose missions involve supporting adopted and foster children and families, educating economically disadvantaged girls, providing experience-based education, helping families experiencing homelessness, and expanding access to recreational boating.
For example, Adoption Rhode Island describes its mission as creating safety, belonging, and permanency for adopted and foster children, vulnerable youth, and families. Our Sisters’ School says it educates and inspires economically disadvantaged girls in the New Bedford area. Lucy’s Hearth describes its work as helping families experiencing homelessness overcome barriers to self-sufficiency.
Grantmaking
In filing year 2024, the foundation reported 20 grants totaling $177,000. Grants ranged from $3,000 to $25,000, with a median of $6,000. The largest awards included $25,000 to Nativity Preparatory School, $20,000 each to Adoption Rhode Island, BuddyMentor Inc, and Our Sisters’ School, and $10,600 to New Beginnings Family Academy.
Other reported grants included $10,000 each to Hopecam Inc, Community Boating Center, and Lucy’s Hearth; $6,000 each to College Bound, SYMI-fr Inc, Gnome Inc DBA Gnome Surf, and Just World International; and $4,000 to FABNewport Inc. The foundation’s filing describes the listed grants’ purpose as “Charitable Donation.”
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Laurie Mandly as president, Diane M Zuspan as treasurer, Carol A Verrochi as secretary, and Ryan Mandly as trustee.
The Bancroft Family Foundation is led by Laurie Mandly, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Laurie Mandly
President
On filings since 2020
No compensation reported
Ryan Mandly
Trustee
On filings since 2020
No compensation reported
Carol A. Verrochi
Secretary
On filings since 2020
No compensation reported
Diane M. Zuspan
Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Bancroft Family Foundation
How much does The Bancroft Family Foundation give each year?
The Bancroft Family Foundation gave $177K across 20 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $126K across 15 grants.
What is The Bancroft Family Foundation's typical grant size?
The Bancroft Family Foundation's median grant in 2024 was $6,000, and its average grant was $8,850, across 20 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Bancroft Family Foundation that year got $7K on average.
Where does The Bancroft Family Foundation give grants?
The Bancroft Family Foundation's top state is Massachusetts, with 45% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Rhode Island (22%) and North Carolina (11%). The most frequent recipient cities were New Bedford, MA (3 grants) and Providence, RI (2 grants).
Does The Bancroft Family Foundation give general operating support?
Not in 2024: none of the 20 grants with a stated purpose on The Bancroft Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Donation" (20 grants).
Who are The Bancroft Family Foundation's largest grantees?
The Bancroft Family Foundation's largest 2024 grantees include Nativity Preparatory School ($25,000), Adoption Rhode Island ($20,000) and BuddyMentor Inc ($20,000), according to its 2024 IRS Form 990-PF. Together they received 37% of its itemized 2024 grant dollars.
How large is The Bancroft Family Foundation?
The Bancroft Family Foundation reported $1.5M in total assets on its 2024 IRS Form 990-PF. It paid out $189K in qualifying distributions that year, against a required minimum of $70K (roughly 5% of its investment assets).
What does The Bancroft Family Foundation fund?
No foundation mission is stated in the available information. See mission & focus areas ↑
How do I apply for a grant from The Bancroft Family Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Bancroft Family Foundation's EIN?
The Bancroft Family Foundation's EIN (Employer Identification Number) is 05-0509060. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Bancroft Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Bancroft Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Bancroft Family Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Rhode Island
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
The Rhode Island Community Foundation
Providence, RI
The Rhode Island Community Foundation funds nonprofits and community efforts in areas including education, arts and culture, housing, health, climate action, and economic mobility. Its 2024 grants had a median of about $23,940, with giving concentrated in Rhode Island; the profile does not state whether it accepts unsolicited requests.
Assets
$1.3B
Grants
977
Total Given
$72.0M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
CVS Foundation
Woonsocket, RI
CVS Foundation funds health care access and outcomes, preventive and community health, health-related needs such as food and housing, education and workforce development, and disaster response across the United States. In 2024, it made 778 grants totaling about $21.4 million; awards ranged from $250 to $2.46 million, with a median of $1,500. It does not accept unsolicited requests; support is by invitation or RFP only, and no RFPs are currently open.
Assets
$194.3M
Grants
778
Total Given
$21.4M
United Way of Rhode Island Inc
Providence, RI
United Way of Rhode Island funds Rhode Island nonprofits working on economic security, children’s learning, housing, food access, safety, and related community needs. In 2025, grants ranged from $5,008 to $547,033, with a median of $15,000; its emergency grants offer up to $50,000, with average awards of $25,000–$30,000. It accepts applications for emergency grants on a rolling basis.
Assets
$30.1M
Grants
282
Total Given
$8.0M
Ralph R Papitto & Barbara a Papitto
Providence, RI
Papitto Opportunity Connection funds Rhode Island 501(c)(3) organizations working in education, job skills training, housing, healthcare, and entrepreneurship, with a focus on communities most in need. It gives about $6 million annually; small grants are generally $5,000–$20,000, though awards vary widely. It accepts unsolicited applications during set periods, but its application page says proposals are not currently being accepted.
Assets
$6.8M
Grants
270
Total Given
$24.3M
More similar funders
More Funders in Rhode Island
Cite this profile
Grantable. (2026). The Bancroft Family Foundation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/the-bancroft-family-foundation-morg_e19711e032504f8b99d850ccc8328b09
BibTeX
@misc{grantable_050509060_2026,
author = {{Grantable}},
title = {{The Bancroft Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-bancroft-family-foundation-morg_e19711e032504f8b99d850ccc8328b09},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Bancroft Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Bancroft Family Foundation down — hundreds of funders to go?