The Banon Family Foundation
The Banon Family Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $404K in total assets. In 2024, it awarded 9 grants totaling $18K. Net investment income was $25K.
The Banon Family Foundation at a glance
In short: The Banon Family Foundation gave $18K across 9 grants in 2024 (avg $2K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $17,886
- -65.9% vs 2023
- Grants made (2024)
- 9
- -40.0% vs 2023
- Average grant
- $1,987
- -43.1% vs 2023
- Median grant
- $1,090
- Total assets
- $404,183
- +0.5% vs 2023
- Primary geography
- New York (80% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Banon Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Congregation B'nai Israel ($5K). Together the top 9 received $18K.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was under $50K: 36 grants of 36 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How The Banon Family Foundation gives
- Giving fell 39% from 2021 to 2024. Method
- In 2024 it paid out 77% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $17K (2020) to $52K (2023). In 2024 it made 9 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Congregation B'nai Israel New York, NY | General Support | $5,200 |
| Jewish National Fund Rockville Centre, NY | General Support | $5,200 |
| Scottsdale Chabad Scottsdale, AZ | Gen Support | $1,856 |
| Or Haddash Institution New York, NY | General Support | $1,800 |
| Mt Kisco Hebrew Cong Mt Cisco, NY | Gen Support | $1,090 |
| Boca Rio Foundation Baca Raton, FL | Gen Support | $1,000 |
| Chabad of East Boca Boca Raton, FL | General Support | $720 |
| Congregation Kehilath Jeshurun New York, NY | General Support | $520 |
| Upper East Side Hatzolah New York, NY | Gen Support | $500 |
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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 | $404,183 | $25,253 | $23,458 | $17,886 | 9 | $17,886 | $25,253 | $23,373 |
| 2023 | $402,232 | $56,361 | $58,108 | $52,392 | 15 | $52,392 | $6,453 | $20,779 |
| 2022 | $404,258 | $238,739 | $21,630 | $17,800 | 5 | $17,800 | $4,218 | $13,255 |
| 2021 | $184,584 | $81,275 | $30,445 | $29,200 | 4 | — | $39,675 | $7,288 |
| 2020 | $133,754 | $23,036 | $17,376 | $17,200 | 3 | — | $4,436 | — |
Under IRS private-foundation payout rules, The Banon Family Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Banon Family Foundation is led by Sidney Banon, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Sidney Banon
President
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 Banon Family Foundation
How much does The Banon Family Foundation give each year?
The Banon Family Foundation gave $18K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $52K across 15 grants.
What is The Banon Family Foundation's typical grant size?
The Banon Family Foundation's median grant in 2024 was $1,090, and its average grant was $1,987, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Banon Family Foundation give grants?
The Banon Family Foundation gives mostly in New York: 80% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Arizona (10%) and Florida (10%). The most frequent recipient cities were New York, NY (4 grants).
Does The Banon Family Foundation give general operating support?
Yes: 56% of The Banon Family Foundation's 2024 grants with a stated purpose (5 of 9) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Gen Support" (4 grants).
Who are The Banon Family Foundation's largest grantees?
The Banon Family Foundation's largest 2024 grantees include Congregation B'nai Israel ($5,200), Jewish National Fund ($5,200) and Scottsdale Chabad ($1,856), according to its 2024 IRS Form 990-PF. Together they received 69% of its itemized 2024 grant dollars.
How large is The Banon Family Foundation?
The Banon Family Foundation reported $404K in total assets on its 2024 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $23K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The Banon Family Foundation's EIN?
The Banon Family Foundation's EIN (Employer Identification Number) is 13-4035808. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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