Nonprofit · EIN 46-3320508
BANCROFT-CLAIR FOUNDATION INC
Tax-exempt · AUSTIN, TX 78738
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $969,555 | $872,400 | $97,155 | $8,858,495 | $0 | $8,858,495 |
| December 31, 2023 | 990-PF | $670,971 | $855,273 | -$184,302 | $8,761,340 | $0 | $8,761,340 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $217,846
- Dividends
- $173,253
- Interest
- $42,955
- Net gain from sales of assets
- $535,501
Expenses
- Grants and similar amounts paid
- $486,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $535,550
- Excise tax on investment income
- $6,360
Balance sheet and other
- Total assets, start of year
- $8,761,340
- Total assets, end of year
- $8,858,495
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,858,495
- Fair market value of assets
- $12,996,667
- Qualifying distributions
- $535,550
- Net investment income
- $751,709
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL M BANCROFT 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | PRESIDENT | 1 | $0 |
| JOHN R BANCROFT 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | VICE PRESIDENT/SECRETARY | 1 | $0 |
| SARA B CLAIR 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | VICE PRESIDENT/SECRETARY | 1 | $0 |
| HELENE S COHEN 10711 PRESTON RD STE 240, DALLAS, TX 75230 | ASSISTANT SECRETARY | 1 | $0 |
| AMY LANFORD 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL M BANCROFT 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | PRESIDENT | 1 | $0 |
| JOHN R BANCROFT 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | VICE PRESIDENT/SECRETARY | 1 | $0 |
| SARA B CLAIR 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | VICE PRESIDENT/SECRETARY | 1 | $0 |
| HELENE S COHEN 10711 PRESTON RD STE 240, DALLAS, TX 75230 | ASSISTANT SECRETARY | 1 | $0 |
| AMY LANFORD 13501 GALLERIA CIR STE 280, AUSTIN, TX 78738 | TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 13501 GALLERIA CIRCLE 280, AUSTIN, TX 78738-7028
- Signed the 990-PF
- PAUL M BANCROFT, PRESIDENT
- Phone
- (512) 387-4203
- Return prepared by
- TEXAS SARATOGA MANAGEMENT LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 46-3320508
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $8,858,495
- Income (IRS master file)
- $2,532,866
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $969,555 | $872,400 | $8,858,495 | IRS |
| 990-PF | December 2023 | $670,971 | $855,273 | $8,761,340 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3320508).
Questions about BANCROFT-CLAIR FOUNDATION INC
- What is the EIN of BANCROFT-CLAIR FOUNDATION INC?
- The employer identification number (EIN) of BANCROFT-CLAIR FOUNDATION INC is 46-3320508.
- Is BANCROFT-CLAIR FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BANCROFT-CLAIR FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does BANCROFT-CLAIR FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of BANCROFT-CLAIR FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BANCROFT-CLAIR FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of BANCROFT-CLAIR FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does BANCROFT-CLAIR FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $969,555, expenses of $872,400 and total assets of $8,858,495 at year end.
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