Bancroft Family Foundation
- Assets
- $875.9k
- Revenue
- $191.1k
- Investments
- $741.2k
- Employees
- 0
- Location
- Middletown, RI
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 05-0509060
Organization Overview
Bancroft Family Foundation is located in Middletown, RI. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bancroft Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bancroft Family Foundation generated $191.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $118.9k during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Bancroft Family Foundation has awarded 55 individual grants totaling $402,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane M Zuspan Treasurer | 0 | $0 | |
Ryan Mandly Trustee | 0 | $0 | |
Laurie Mandly President | 0 | $0 | |
Carol A Verrochi Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $106,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,437 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,613 |
| Capital Gain Net Income | $68,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $191,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,872 |
| Contributions, gifts, grants paid | $102,000 |
| Total expenses and disbursements | $118,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,695 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $875,862 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bancroft Family Foundation has awarded $102,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
NATIVITY PREPARATORY SCHOOL PURPOSE: CHARITABLE DONATION | $20,000 |
New Bedford, MA PURPOSE: CHARITABLE DONATION | $15,000 |
Providence, RI PURPOSE: CHARITABLE DONATION | $15,000 |
BIG BROTHERS BIG SISTERS OF THE OCEAN STATE PURPOSE: CHARITABLE DONATION | $12,000 |
FRIENDS OF RI CASA PURPOSE: CHARITABLE DONATION | $10,000 |
READING PARTNERS PURPOSE: CHARITABLE DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Liberty Mutual Foundation Inc Boston, MA | $40,383,671 | $39,283,240 |
Mercer Family Foundation Waltham, MA | $54,165,721 | $38,341,516 |
Brooks Family Foundation Boston, MA | $0 | $26,552,695 |
Yawkey Foundation Ii Dedham, MA | $0 | $18,548,394 |
High Meadows Foundation Boston, MA | $7,499,132 | $11,021,494 |
Synchrony Foundation Stamford, CT | $74,474,766 | $12,637,293 |
Gavin Foundation Inc South Boston, MA | $19,688,054 | $21,343,242 |
Jp Fletcher Foundation Inc Cambridge, MA | $29,829,221 | -$3,521,275 |
Dalio Foundation Inc Westport, CT | $1,484,061,978 | $687,569,757 |
Seedlings Foundation Branford, CT | $139,526,871 | $5,281,922 |
Allen H & Selma W Berkman Charitable Trust Boston, MA | $738,750 | $104,320 |