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Frederick Banting Foundation Inc. is a private corporation based in RICHMOND, VA. The foundation received its IRS ruling in 2011. The principal officer is Frederick L Russell. It holds total assets of $289K. Annual income is reported at N/A. Total assets have decreased from $757K in 2011 to $289K in 2024. The foundation is governed by 3 officers and trustees. Donation to Harvard Stem Cell Institute for work in juvenile diabetes. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. According to available records, Frederick Banting Foundation Inc. has made 6 grants totaling $402K, with a median grant of $35K. Annual giving has decreased from $52K in 2020 to $40K in 2023. Grantmaking activity was highest in 2021 with $250K distributed across 1 grants. Individual grants have ranged from $2K to $250K, with an average award of $67K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Massachusetts and Florida and District of Columbia. Contributions to this foundation are tax-deductible.
Donation to Harvard Stem Cell Institute for work in juvenile diabetes
Expenses: $50K
Donation to JDRF for work in juvenile diabetes
Expenses: $2K
Donation to Harvard Stem Cell Institute for work in juvenile diabetes. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in MA, FL, DC.
Frederick Banting Foundation Inc. has distributed a total of $402K across 6 grants. The median grant size is $35K, with an average of $67K. Individual grants have ranged from $2K to $250K.
Frederick Banting Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Frederick Banting Foundation Inc. is headquartered in RICHMOND, VA. While based in VA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Susan C Russell | Secretary | $0 | $0 | N/A |
| John E Russell | Vice Chairman | $0 | $0 | N/A |
| Frederick L Russell Jr | ChairmanCEO | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$289K
Fair Market Value
N/A
Net Worth
$289K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
6
Total Giving
$402K
Average Grant
$67K
Median Grant
$35K
Unique Recipients
5
Most Common Grant
$30K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Diabetes Research InstituteHSCI Type 1 Diabetes Research | Hollywood, FL | $40K | 2023 |
| Fellows Of Harvard UniversityHSCI Type 1 Diabetes Research | Cambridge, MA | $30K | 2022 |
| Harvard UniversityHSCI Type 1 Diabetes Research | Cambridge, MA | $250K | 2021 |
| Harvard University Dev OfficeSupport Melton Lab at Harvard Stem Cell Institute | Cambridge, MA | $50K | 2020 |
| JdrfStudy of juvenile diabetes | Washington, DC | $2K | 2020 |