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 $190K across 20 grants in 2025 (avg $9K), top state Rhode Island. 30% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $189,576
- +7.1% vs 2024
- Grants made (2025)
- 20
- +0.0% vs 2024
- Average grant
- $9,479
- +7.1% vs 2024
- Median grant
- $6,000
- Total assets
- $3,765,639
- +144.8% vs 2024
- New grantees (estimate)
- 30% first-time grantees (6 of 20, 2025; small sample)
- Primary geography
- Rhode Island (37% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 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 2025
The largest 2025 recipient was Nativity Preparatory School ($25K). Together the top 10 received $149K.
Grant Size Distribution
83 grants across all recorded years
The most common grant size was under $50K: 83 grants of 83 (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 2025 grant dollars across all 20 itemized grants.
States
Cities
Is The Bancroft Family Foundation open to new grantees?
30%
first-time grantees, 2025
In 2025, 6 of 20 grantees (30%) 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 $8K; repeat grants $10K. How we count
Medians: $6K first-time, $6K repeat.
- 55% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+16%). Method
- In 2025 it paid out 152% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2025, annual grant giving ranged from $100K (2020) to $190K (2025). In 2025 it made 20 grants totaling $190K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nativity Preparatory School New Bedford, MA | Charitable Donation | $25,000 |
| Family Service of RI Providence, RI | Charitable Donation | $22,576 |
| Adoption Rhode Island Providence, RI | Charitable Donation | $20,000 |
| Big Brothers Big Sisters Rhode Island Providence, RI | Charitable Donation | $15,000 |
| Hall Neighborhood House Bridgeport, CT | Charitable Donation | $15,000 |
| Reading Partners Washington, DC | Charitable Donation | $15,000 |
| Clothes to Kids Rhode Island Johnston, RI | Charitable Donation | $12,500 |
| Hopecam Inc Reston, VA | Charitable Donation | $10,000 |
| City Care Oklahoma City, OK | Charitable Donation | $7,500 |
| BuddyMentor Inc Charlotte, NC | 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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,765,639 | $2,460,073 | $232,738 | $189,576 | 20 | $232,725 | $1,008,319 | $152,701 |
| 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 $153K for 2025 — 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. Its 2025 filing, the latest on this page, reports 20 grants totaling $189,576.
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 Diane M. Zuspan, President & Director since 2025 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diane M. Zuspan
President & Director
Treasurer → President & Director, 2025
On filings since 2020
No compensation reported
Laurie Mandly
Treasurer & Director
President → Treasurer & Director, 2025
On filings since 2020
No compensation reported
Kimbreley Bancroft
Director
New on the 2025 filing
No compensation reported
Scott A. Bancroft
Vice President & Director
New on the 2025 filing
No compensation reported
Former officers (2)
- Former: Carol A. Verrochi (2020–2024) — Secretary
- Former: Ryan Mandly (2020–2024) — Trustee
Data from IRS Form 990 filings, 2020–2025. "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 $190K across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $177K across 20 grants.
What is The Bancroft Family Foundation's typical grant size?
The Bancroft Family Foundation's median grant in 2025 was $6,000, and its average grant was $9,479, across 20 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Bancroft Family Foundation that year got $8K on average.
Where does The Bancroft Family Foundation give grants?
The Bancroft Family Foundation's top state is Rhode Island, with 37% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (21%) and District of Columbia (11%). The most frequent recipient cities were Providence, RI (3 grants) and Washington, DC (2 grants).
Does The Bancroft Family Foundation give general operating support?
Not in 2025: none of the 20 grants with a stated purpose on The Bancroft Family Foundation's 2025 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 2025 grantees include Nativity Preparatory School ($25,000), Family Service of RI ($22,576) and Adoption Rhode Island ($20,000), according to its 2025 IRS Form 990-PF. Together they received 36% of its itemized 2025 grant dollars.
How large is The Bancroft Family Foundation?
The Bancroft Family Foundation reported $3.8M in total assets on its 2025 IRS Form 990-PF. It paid out $233K in qualifying distributions that year, against a required minimum of $153K (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 2020–2025.
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 November 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 24, 2026)
- 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
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Cite this profile
Grantable. (2026). The Bancroft Family Foundation funder profile. GrantGraph. Retrieved November 6, 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 2026-11-06. 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.
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