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Banks Family Foundation is a private corporation based in OAKLAND, CA. The foundation received its IRS ruling in 1998. The principal officer is Jeffrey G Banks. It holds total assets of $1.1M. Annual income is reported at $413K. Total assets have decreased from $2.1M in 2011 to $1.2M in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. The foundation primarily funds organizations in California and New York. According to available records, Banks Family Foundation has made 80 grants totaling $1.1M, with a median grant of $10K. Annual giving has decreased from $534K in 2020 to $402K in 2022. Individual grants have ranged from $1K to $250K, with an average award of $14K. The foundation has supported 37 unique organizations. Grants have been distributed to organizations in California and New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$18K
Largest Grant
$250K
Based on 30 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Banks Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 80 grants. Its grantmaking reaches organizations primarily in CA, NY.
Banks Family Foundation has distributed a total of $1.1M across 80 grants. The median grant size is $10K, with an average of $14K. Individual grants have ranged from $1K to $250K.
Banks Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Banks Family Foundation is headquartered in OAKLAND, CA. While based in CA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Banks | PRESIDENT | $0 | $0 | N/A |
Total Giving
$167K
Total Assets
$1.2M
Fair Market Value
$860K
Net Worth
$1.2M
Grants Paid
$155K
Contributions
N/A
Net Investment Income
$39K
Distribution Amount
$50K
Total: $936K
Total Grants
80
Total Giving
$1.1M
Average Grant
$14K
Median Grant
$10K
Unique Recipients
37
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lotus BloomTO SUPPORT NETWORK OF FAMILY RESOURCE CENTERS. | Oakland, CA | $15K | 2022 |
| Oakland Lacrosse ClubSUPPORT AND DEVELOPMENT OF ACADEMIC EXCELLENCE AND LIFELONG LEARNING PROGRAM | Oakland, CA | $30K | 2022 |
| St Vincents Day HomeSUPPORT FOR COMPREHENSIVE LEARNINGPROGRAM | Oakland, CA | $20K | 2022 |
| Luna Dance InstituteSUPPORT OF MPACT PROGRAM | Berkeley, CA | $18K | 2022 |
| Destiny Arts CenterSUPPORT AFTER SCHOOL PROGRAMS IN THREE WEST OAKLAND SCHOOLS | Oakland, CA | $15K | 2022 |
| East Oakland Youth Development CenterSUPPORT YEAR ROUND KUUMBAA ARTS PROGRAM | Oakland, CA | $15K | 2022 |
| Girls' IncSUPPORT K-3 GIRL START LITERACY AFTER-SCHOOL PROGRAM IN TEN SCHOOLS | Oakland, CA | $15K | 2022 |
| Chapter 510SUPPORT CREATIVE WRITING PROGRAMS IN OAKLAND SCHOOLS | Oakland, CA | $10K | 2022 |
| Creative Growth Art CenterSUPPORT YEAR ROUND SATURDAY ART PROGRAM FOR YOUTH WITH DISABILITIES | Oakland, CA | $10K | 2022 |
| Maps ArtsTO SUPPORT ARTS PROGRAMS WITH MIGRANT AND REFUGE YOUTH IN BROOKLYN, NY | New York, NY | $10K | 2022 |
| St Mary'S Center PreschoolTO SUPPORT A NEW LITERACY PROGRAM | Oakland, CA | $10K | 2022 |
| Cycles Of ChangeTO SUPPORT THE BIKE CLUB PROGRAM AT FOUR EAST OAKLAND SCHOOLS | Oakland, CA | $10K | 2022 |
| Oakland Leaf FoundationSUPPORT GENERAL OPERATION OF PROGRAM AFTER SCHOOL PROGRAMMING, CULTIVATIONSCHOOLYARDS PROGRAM AND PEACE CAMPS | Oakland, CA | $10K | 2022 |
| St Ann'S SchoolTO SUPPORT THE ANNUAL FUND | Brooklyn, NY | $5K | 2022 |
| Park Day SchoolTO SUPPORT THE ANNUAL FUND | Oakland, CA | $5K | 2022 |
| Chips-Community Help In Park SlopeTO SUPPORT THE CHIPS SOUP KITCHEN | Brooklym, NY | $3K | 2022 |
| Oakland Museum Of CaliforniaTO SUPPORT ANNUAL OPERATIONS | Oakland, CA | $1K | 2022 |
| Boys & Girls Club Of OaklandGENERAL OPERATING SUPPORT FOR YEAR ROUND YOUTH DEVELOPMENT PROGRAM | Oakland, CA | $15K | 2021 |
| Niroga InstituteTO SUPPORT THE DYNAMIC MINDFULNESS PROGRAM AT TWO MIDDLE SCHOOLS | Oakland, CA | $10K | 2021 |
| Prescott Circus TheatreTO SUPPORT PROGRAMS DURING COIVD-19 SHELTER IN PLACE | Oakland, CA | $10K | 2021 |
| Youth AliveYOUTH LEADERSHIP AND VIOLENCE PREVENTIONPROGRAMS | Oakland, CA | $10K | 2021 |
| Community Help In Park SlopeTO SUPPORT THE CHIPS SOUP KITCHEN | Brooklyn, NY | $5K | 2021 |
| Oakland Kids FirstTO SUPPORT THE IMPLEMENTATION OF THE YOUTH ORGANIZING COUNCIL | Oakland, CA | $5K | 2021 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA