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Banyan Fund is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 1988. The principal officer is Choate Hall & Stewart. It holds total assets of $550K. Annual income is reported at $225K. Total assets have grown from $120K in 2011 to $519K in 2023. The foundation is governed by 7 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Banyan Fund has made 14 grants totaling $87K, with a median grant of $5K. The foundation has distributed between $19K and $26K annually from 2020 to 2023. Individual grants have ranged from $1K to $13K, with an average award of $6K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in Massachusetts, New Hampshire, New Mexico, which account for 64% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Banyan Fund is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in MA, NH, NM.
Banyan Fund has distributed a total of $87K across 14 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $1K to $13K.
Banyan Fund typically selects its grantees rather than accepting unsolicited proposals.
Banyan Fund is headquartered in BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Maggie Gainey | Trustee | $0 | $0 | N/A |
| Peter C Frechette | Trustee | $0 | $0 | N/A |
| Edward K Frechette | Trustee | $0 | $0 | N/A |
| Henry M Frechette | Trustee | $0 | $0 | N/A |
| Jocelyn Frechette | Trustee | $0 | $0 | N/A |
| James E Frechette | Trustee | $0 | $0 | N/A |
| David K Frechette | Trustee | $0 | $0 | N/A |
Total Giving
$29K
Total Assets
$519K
Fair Market Value
$519K
Net Worth
$519K
Grants Paid
$22K
Contributions
N/A
Net Investment Income
$9K
Distribution Amount
$25K
Total: $498K
Total Grants
14
Total Giving
$87K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
12
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Historical Society Of Cheshire CountyGeneral Purpose | Keene, NH | $11K | 2023 |
| Exalt YouthGeneral Purpose | New York, NY | $6K | 2023 |
| Rosie'S PlaceGeneral Purpose | Boston, MA | $5K | 2023 |
| New Mexico Religious Coalition For Reproductive ChoiceGeneral Purpose | Albuquerque, NM | $13K | 2022 |
| New York Abortion Access FundGeneral Purpose | New York City, NY | $6K | 2022 |
| Massachusetts Affordable Housing AllianceGeneral Support | Dorchester, MA | $8K | 2021 |
| Red Gate Farm Education CenterGeneral Support | Ashfield, MA | $6K | 2021 |
| Appalachian Mountain ClubGeneral Purpose | Boston, MA | $5K | 2021 |
| Twin Pines Housing TrustGeneral Purpose | White River Junction, VT | $12K | 2020 |
| Violence In BostonGeneral Purpose | Hyde Park, MA | $3K | 2020 |
| East Central Regional LibraryGeneral Purpose | Cambridge, MN | $2K | 2020 |
| Out FoundationGeneral Purpose | New York, NY | $1K | 2020 |