The Banyan Tree Roots Foundation
The Banyan Tree Roots Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHTOWN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 4 grants totaling $541K. Net investment income was $1.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.0M
+9.9% YoY
Annual Giving
$541K
+165.7% YoY
Grant Count
4
+33.3% YoY
Avg Grant Size
$135K
+99.3% YoY
About The Banyan Tree Roots Foundation
Based on IRS filings
The Banyan Tree Roots Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SMITHTOWN, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.0M in total assets. In 2024, it awarded 4 grants totaling $541K. Net investment income was $1.5M.
Focus Areas
Ready to take the next step with The Banyan Tree Roots Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,022,292 | $9,123,566 | $8,339,818 |
| Revenue | $1,521,746 | $79,137 | $-235,206 |
| Expenses | $634,150 | $299,686 | $501,215 |
| Qualifying Distributions | $614,150 | $259,421 | $492,064 |
| Net Investment Income | $1,521,746 | $161,843 | $92,080 |
| Distributable Amount | $447,926 | $438,193 | $441,707 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KYLE ALFOND | PRESIDENT & TREASURER | 20 | $65,000 |
| MELISSA ALFOND | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Banyan Tree Roots Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities