Bancroft-Clair Foundation Inc
- Assets
- $8.9m
- Revenue
- $893.7k
- Investments
- $8.1m
- Employees
- 0
- Location
- Austin, TX
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-3320508
Organization Overview
Bancroft-Clair Foundation Inc is located in Austin, TX. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bancroft-Clair Foundation Inc 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 12/2022, Bancroft-Clair Foundation Inc generated $893.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $921.6k during the year ending 12/2022. While expenses have increased by 1.5% per year over the past 8 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 2015, Bancroft-Clair Foundation Inc has awarded 400 individual grants totaling $3,336,250. 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 |
|---|---|---|---|
Paul M Bancroft President | 1 | $0 | |
John R Bancroft Vice President/secretary | 1 | $0 | |
Sara B Clair Vice President/secretary | 1 | $0 | |
Helene S Cohen Assistant Secretary | 1 | $0 | |
Amy Lanford Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $352,759 |
| Interest on Savings | $9,216 |
| Dividends & Interest | $155,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $376,596 |
| Capital Gain Net Income | $376,596 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $893,708 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $19,069 |
| Taxes | $11,216 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,161 |
| Printing and publications | $0 |
| Other expenses | $75 |
| Total operating and administrative expenses | $381,585 |
| Contributions, gifts, grants paid | $540,000 |
| Total expenses and disbursements | $921,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,082 |
| Savings and temporary cash investments | $70,506 |
| Net Accounts receivable | $23,737 |
| 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 | $1,768,388 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,041 |
| Total assets | $8,945,642 |
| 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-Clair Foundation Inc has awarded $540,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
AUSTIN OPERA PURPOSE: UNRESTRICTED GIFT | $11,000 |
ARIZONA OPERA PURPOSE: UNRESTRICTED GIFT | $1,000 |
AUSTIN SYMPHONY ORCHESTRA SOCIETY PURPOSE: BANCROFT INITIATIVE | $65,000 |
BALLET AUSTIN PURPOSE: BANCROFT INITIATIVE | $50,000 |
BOY SCOUTS OF AMERICA PURPOSE: UNRESTRICTED GIFT | $1,000 |
BELLARMINE PREPARATORY SCHOOL PURPOSE: ROBOTICS TEAM ENDOWMENT | $1,000 |