//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Banyan Tree Roots Foundation is a private corporation based in SMITHTOWN, NY. The foundation received its IRS ruling in 2019. It holds total assets of $10M. Annual income is reported at $18M. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Grantmaking is concentrated in New York. According to available records, Banyan Tree Roots Foundation has made 15 grants totaling $1.4M, with a median grant of $62K. Annual giving has decreased from $529K in 2020 to $407K in 2022. Individual grants have ranged from $10K to $300K, with an average award of $95K. The foundation has supported 9 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$20K
Median Grant
$94K
Average Grant
$102K
Largest Grant
$200K
Based on 4 grants from the most recent 990-PF filing.
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 Tree Roots Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in NY.
Banyan Tree Roots Foundation has distributed a total of $1.4M across 15 grants. The median grant size is $62K, with an average of $95K. Individual grants have ranged from $10K to $300K.
Banyan Tree Roots Foundation typically selects its grantees rather than accepting unsolicited proposals.
Banyan Tree Roots Foundation is headquartered in SMITHTOWN, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kyle Alfond | PRESIDENT & TREASURER | $65K | $0 | $65K |
| Melissa Alfond | TRUSTEE | $0 | $0 | N/A |
Total Giving
$300K
Total Assets
$9.1M
Fair Market Value
$9.1M
Net Worth
$9.1M
Grants Paid
$204K
Contributions
N/A
Net Investment Income
$162K
Distribution Amount
$438K
Total Grants
15
Total Giving
$1.4M
Average Grant
$95K
Median Grant
$62K
Unique Recipients
9
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Catherine Of Siena Hospital FoundationEMERGENCY ROOM EXPANSION | Smithtown, NY | $200K | 2022 |
| Big Brothers Big Sisters Of Long IslandPROGRAM SUPPORT | Islandia, NY | $125K | 2022 |
| Nofa-NyPROGRAM SUPPORT | Binghamton, NY | $62K | 2022 |
| Shelter Island Ambulance FoundationOPERATIONAL SUPPORT | Shelter Island, NY | $20K | 2022 |
| United Way Of Long IslandEDUCATION AND YOUTH DEVELOPMENT | Deer Park, NY | $225K | 2021 |
| Long Island CaresFOOD INSECURITY | Hauppauge, NY | $85K | 2021 |
| Paws Of WarDOG RESCUE | Nesconset, NY | $12K | 2021 |
| The Boys And Girls Club Of BellportDAY CARE FACILITY | Bellport, NY | $300K | 2020 |
| Shelter Island Public LibraryGENERAL OPERATING PURPOSES | Shelter Island, NY | $20K | 2020 |