The Banyan Tree Roots Foundation
The Banyan Tree Roots Foundation is a private foundation, based in Smithtown, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $10.7M in total assets. In 2025, it awarded 2 grants totaling $318K. Net investment income was $1.1M.
The Banyan Tree Roots Foundation at a glance
In short: The Banyan Tree Roots Foundation gave $318K across 2 grants in 2025 (avg $159K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $318,320
- -41.2% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $159,160
- +17.6% vs 2024
- Median grant
- $159,160
- Total assets
- $10,650,432
- +6.3% vs 2024
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Banyan Tree Roots Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was St Catherine of Siena Hospital Foundation ($300K). Together the top 2 received $318K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was in the $100–250K range: 6 grants of 18 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The Banyan Tree Roots Foundation gives
- Giving fell 22% from 2022 to 2025. Method
- In 2025 it paid out 80% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $204K (2023) to $541K (2024). In 2025 it made 2 grants totaling $318K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Catherine of Siena Hospital Foundation Smithtown, NY | A New Catheterization Lab | $300,000 |
| Nofa-NY Binghamton, NY | Program Support | $18,320 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $10,650,432 | $1,130,298 | $406,795 | $318,320 | 2 | $391,795 | $1,130,185 | $491,629 |
| 2024 | $10,022,292 | $1,521,746 | $634,150 | $541,153 | 4 | $614,150 | $1,521,746 | $447,926 |
| 2023 | $9,123,566 | $79,137 | $299,686 | $203,687 | 3 | $259,421 | $161,843 | $438,193 |
| 2022 | $8,339,818 | $-235,206 | $501,215 | $407,278 | 4 | $492,064 | $92,080 | $441,707 |
| 2021 | $10,159,304 | $-714,063 | $618,894 | $493,759 | 5 | $544,758 | — | $506,405 |
| 2020 | $11,775,672 | $2,061,686 | $631,553 | $529,024 | 6 | — | $2,022,796 | $492,265 |
Under IRS private-foundation payout rules, The Banyan Tree Roots Foundation reported a distributable amount of $492K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Banyan Tree Roots Foundation is led by Kyle Alfond, President & Treasurer on every filing since 2020; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
Kyle Alfond
President & Treasurer
On filings since 2020
20 hrs/week
$60K (2020) → $67K (2025)
Melissa Alfond
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $67K, to Kyle Alfond (President & Treasurer).
Frequently asked questions about The Banyan Tree Roots Foundation
How much does The Banyan Tree Roots Foundation give each year?
The Banyan Tree Roots Foundation gave $318K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $541K across 4 grants.
How large is The Banyan Tree Roots Foundation?
The Banyan Tree Roots Foundation reported $10.7M in total assets on its 2025 IRS Form 990-PF. It paid out $392K in qualifying distributions that year, against a required minimum of $492K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Banyan Tree Roots Foundation operate?
The Banyan Tree Roots Foundation has awarded grants in New York.
What is The Banyan Tree Roots Foundation's EIN?
The Banyan Tree Roots Foundation's EIN (Employer Identification Number) is 84-3030662. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 2, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 28, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 2, 2026)
- IRS filings on file for fiscal years 2020–2025
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Cite this profile
Grantable. (2026). The Banyan Tree Roots Foundation funder profile. GrantGraph. Retrieved October 8, 2026, from https://grantable.co/funders/the-banyan-tree-roots-foundation-morg_8d117f0395ab405fbe048cea2fdb92f5
BibTeX
@misc{grantable_843030662_2026,
author = {{Grantable}},
title = {{The Banyan Tree Roots Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-banyan-tree-roots-foundation-morg_8d117f0395ab405fbe048cea2fdb92f5},
note = {Accessed 2026-10-08. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Banyan Tree Roots Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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