The Bancroft Family Foundation
The Bancroft Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLETOWN, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 20 grants totaling $177K. Net investment income was $813K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
+99.9% YoY
Annual Giving
$177K
+40.5% YoY
Grant Count
20
+33.3% YoY
Avg Grant Size
$9K
+5.4% YoY
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.
About The Bancroft Family Foundation
Based on IRS filings
The Bancroft Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLETOWN, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 20 grants totaling $177K. Net investment income was $813K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,538,304 | $769,451 | $864,142 |
| Revenue | $958,157 | $39,084 | $163,704 |
| Expenses | $189,303 | $133,776 | $175,424 |
| Qualifying Distributions | $189,259 | $133,244 | $174,052 |
| Net Investment Income | $812,555 | $26,552 | $39,204 |
| Distributable Amount | $69,967 | $67,263 | $63,984 |
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
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nativity Preparatory School ($25,000), Adoption Rhode Island ($20,000), BuddyMentor Inc ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Adoption Rhode Island Providence, RI | Charitable Donation | $20,000 |
| BuddyMentor Inc Charlotte, NC | Charitable Donation | $20,000 |
| Hopecam Inc Reston, VA | Charitable Donation | $10,000 |
| Nativity Preparatory School New Bedford, MA | Charitable Donation | $25,000 |
| Cradles to Crayons Newtonville, MA | Charitable Donation | $3,000 |
| Greater Boston Food Bank Boston, MA | Charitable Donation | $3,000 |
| College Bound Washington, DC | Charitable Donation | $6,000 |
| Gifts To Give Acushnet, MA | Charitable Donation | $3,000 |
| Mary's Home of the Treasured Coast Stuart, FL | Charitable Donation | $3,000 |
| New Beginnings Family Academy Bridgeport, CT | Charitable Donation | $10,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DIANE M ZUSPAN | TREASURER | — | — |
| LAURIE MANDLY | PRESIDENT | — | — |
| CAROL A VERROCHI | SECRETARY | — | — |
| Ryan Mandly | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bancroft Family Foundation?
The Bancroft Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDDLETOWN, RI. It holds $1.5M in total assets as of 2024.
How large is The Bancroft Family Foundation?
As of 2024, The Bancroft Family Foundation holds $1.5M in total assets with $958K in annual revenue. It awarded 20 grants totaling $177K in 2024.
Where does The Bancroft Family Foundation operate?
The Bancroft Family Foundation has awarded grants in Connecticut, District of Columbia, Florida, Massachusetts, Maryland, Maine, North Carolina, Rhode Island, Texas, Virginia, Vermont.
What size grants does The Bancroft Family Foundation award?
In 2024, The Bancroft Family Foundation awarded 20 grants totaling $177K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is The Bancroft Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bancroft Family Foundation reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Bancroft Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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