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Banks Family Foundation Inc. is a private corporation based in BONNER SPGS, KS. The foundation received its IRS ruling in 2020. The principal officer is Roxann Banks Dicker. It holds total assets of $2.4M. Annual income is reported at $1M. Total assets have grown from $20K in 2019 to $2.3M in 2023. The foundation is governed by 2 officers and trustees. The organization is a grant making organization, and it makes grants to other irc section 501(c)(3) organizations for their exempt activities that include charitable, educational, or scientific purposes as those terms are used in section 501(c)(3). Tax records are available from 2020 to 2023. According to available records, Banks Family Foundation Inc. has made 6 grants totaling $203K, with a median grant of $11K. Annual giving has grown from $2K in 2020 to $182K in 2022. Individual grants have ranged from $750 to $90K, with an average award of $34K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Kansas. Contributions to this foundation are tax-deductible.
Banks Family Foundation Inc. reported 6 individual grants totaling $203,000 between 2020 and 2022 across its IRS Form 990-PF filings, with a median grant of $10,750. Half of those grants fell between $938 and $72,500. Its largest single grant in the record was $90,000. Its most recent available filing, for fiscal year 2023, reports $121,675 in total giving.
Grantmaking is concentrated in KS, which received 6 of the 6 grants on record (100 percent). Of its 4 distinct grantees, 50 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were City Of Gypsum Kansas ($180,000), Club Parkinsons Inc ($20,000) and Bartlett Arboretum Society ($1,500).
Computed from 6 individual grant records (2020–2022) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
The organization is a grant making organization, and it makes grants to other irc section 501(c)(3) organizations for their exempt activities that include charitable, educational, or scientific purposes as those terms are used in section 501(c)(3).
Expenses: $2K
The organization is a grant making organization, and it makes grants to other irc section 501(c)(3) organizations for their exempt activities that include charitable, educational, or scientific purposes as those terms are used in section 501(c)(3). Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in KS.
Banks Family Foundation Inc. has distributed a total of $203K across 6 grants. The median grant size is $11K, with an average of $34K. Individual grants have ranged from $750 to $90K.
The application deadline is NONE.. Awards must qualify as charitable contributions under irc sec. 170(c), 2055(a), and/or 2522(a).
Banks Family Foundation Inc. is headquartered in BONNER SPGS, KS.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Roxann Banks Dicker | Director & President | $0 | $0 | N/A |
| Todd Banks | Director & VP/Sec/Treas | $0 | $0 | N/A |
Total Giving
$122K
Total Assets
$2.3M
Fair Market Value
$2.2M
Net Worth
$2.3M
Grants Paid
$119K
Contributions
N/A
Net Investment Income
$147K
Distribution Amount
$108K
Total Grants
6
Total Giving
$203K
Average Grant
$34K
Median Grant
$11K
Unique Recipients
4
Most Common Grant
$90K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| City Of Gypsum KansasRepair of City Auditorium | Gypsum, KS | $90K | 2022 |
| Bartlett Arboretum SocietyGeneral Fund | Belle Plaine, KS | $750 | 2022 |
| Club Parkinsons IncGENERAL FUND | Wichita, KS | $20K | 2021 |
| Kansas Food BankGENERAL FUND | Wichita, KS | $2K | 2020 |