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.
Key facts about The Bancroft Family Foundation
- EIN
- 05-0509060
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $177,000
- Grants made (2024)
- 20
- Average grant
- $8,850
- Median grant
- $6,000
- New grantees (estimate)
- 35% first-time grantees (7 of 20, 2024)
- Total assets
- $1,538,304
- Primary geography
- Massachusetts (45% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Bancroft Family Foundation funds
By grant dollars, the top recipient states for The Bancroft Family Foundation's 20 itemized 2024 grants were Massachusetts (45%), Rhode Island (22%) and North Carolina (11%). The most frequent recipient cities were New Bedford, MA (3 grants) and Providence, RI (2 grants). None of its 20 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Donation" (20 grants).
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. 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 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 The Bancroft Family Foundation
- How to evaluate The Bancroft Family Foundation as a funder
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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
Ready to take the next step with The Bancroft Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 20 itemized 2024 grant dollars.
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 |
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
80 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Nativity Preparatory School ($25,000), Adoption Rhode Island ($20,000), BuddyMentor Inc ($20,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.