//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Banks Foundation Inc. is a private corporation based in WARRENTON, VA. The foundation received its IRS ruling in 1993. The principal officer is . It holds total assets of $1.6M. Annual income is reported at $440K. Total assets have grown from $437K in 2011 to $1.4M in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. The foundation primarily funds organizations in Florida, Virginia and District of Columbia. According to available records, Banks Foundation Inc. has made 196 grants totaling $582K, with a median grant of $2K. Annual giving has grown from $116K in 2021 to $159K in 2023. Grantmaking activity was highest in 2022 with $307K distributed across 106 grants. Individual grants have ranged from $100 to $10K, with an average award of $3K. The foundation has supported 65 unique organizations. The foundation primarily supports organizations in Florida, Virginia, California, which account for 52% of all grants. Grantmaking reaches organizations across 21 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$100
Median Grant
$2K
Average Grant
$3K
Largest Grant
$12K
Based on 38 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 Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 196 grants. Its grantmaking reaches organizations primarily in FL, VA, CA.
Banks Foundation Inc. has distributed a total of $582K across 196 grants. The median grant size is $2K, with an average of $3K. Individual grants have ranged from $100 to $10K.
Banks Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Banks Foundation Inc. is headquartered in WARRENTON, VA. While based in VA, the foundation distributes grants to organizations across 21 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David P Banks | PRESIDENT/2 HRS/ YR | $0 | $0 | N/A |
| Valerie Amster | CO SECRETARY | $0 | $0 | N/A |
| Stephanie Banks | CO SECRETARY | $0 | $0 | N/A |
Total Giving
$159K
Total Assets
$1.4M
Fair Market Value
$3.4M
Net Worth
$1.4M
Grants Paid
$159K
Contributions
$14K
Net Investment Income
$55K
Distribution Amount
$155K
Total: $1.2M
Total Grants
196
Total Giving
$582K
Average Grant
$3K
Median Grant
$2K
Unique Recipients
65
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Memorial Sloan Kettering Cancer CenterGENERAL SUPPORT | Hagerstown, VA | $10K | 2023 |
| Workshop For WarriorsGENERAL SUPPORT | San Diego, CA | $10K | 2023 |
| The First TeeGENERAL SUPPORT | Miami Lakes, FL | $10K | 2023 |
| Kabul Small Animal RescueGENERAL SUPPORT | Oliver Springs, TN | $8K | 2023 |
| Pawtcake Refuge IncGENERAL SUPPORT | Old Bethpage, NY | $6K | 2023 |
| Amazon WatchGENERAL SUPPORT | Oakland, CA | $5K | 2023 |
| Pachamama AllianceGENERAL SUPPORT | San Francisco, CA | $5K | 2023 |
| Brrh FoundationGENERAL SUPPORT | Boca Raton, FL | $5K | 2023 |
| Fisher House Foundation IncGENERAL SUPPORT | Rockville, MD | $5K | 2023 |
| IwmfGENERAL SUPPORT | Sarasota, FL | $5K | 2023 |
| Mercy ChefsGENERAL SUPPORT | Portsmouth, VA | $5K | 2023 |
| Michael J Fox FoundationGENERAL SUPPORT | Hagerstown, MD | $5K | 2023 |
| National Multiple Sclerosis SocietyGENERAL SUPPORT | Ft Lauderdale, FL | $5K | 2023 |
| Southeastern Guide DogsGENERAL SUPPORT | Palmetto, FL | $5K | 2023 |
| The Association For Frontal Temporal DegenerationGENERAL SUPPORT | King Of Prussia, PA | $5K | 2023 |
| United Way Of Palm Beach CountyGENERAL SUPPORT | West Palm Beach, FL | $5K | 2023 |
| United Way Of Summit CountyGENERAL SUPPORT | Akron, OH | $5K | 2023 |
| Best Friends Animal SanctuaryGENERAL SUPPORT | Kanab, UT | $4K | 2023 |
| HandyGENERAL SUPPORT | Fort Lauderdale, FL | $4K | 2023 |
| Alzheimers AssociationGENERAL SUPPORT | Washington, DC | $3K | 2023 |
| Every Kid Sports - Kids In The GameGENERAL SUPPORT | Bend, OR | $3K | 2023 |
| I Support The GirlsGENERAL SUPPORT | Wheaton, MD | $2K | 2023 |
| Circle A Home For HorsesGENERAL SUPPORT | Virginia Beach, VA | $2K | 2023 |
| Canine CompanionsGENERAL SUPPORT | Medford, NY | $2K | 2023 |
| A Forever Home Rescue FoundationGENERAL SUPPORT | Chantilly, VA | $2K | 2023 |
| Boys & Girls Club Of Boca RatonGENERAL SUPPORT | Boca Raton, FL | $2K | 2023 |
| Parkinson'S FoundationGENERAL SUPPORT | Miami, FL | $2K | 2023 |
| Peggy Adams Animal Rescue LeagueGENERAL SUPPORT | West Palm Beach, FL | $2K | 2023 |
| The BreastiesGENERAL SUPPORT | Metuchen, NJ | $2K | 2023 |
| Ronald Mcdonald House Of Greater DcGENERAL SUPPORT | Washington, DC | $2K | 2023 |
| Fauquier Jewish CongregationGENERAL SUPPORT | Warrenton, VA | $2K | 2023 |
| Diabetes Research Institute FoundationGENERAL SUPPORT | Hollywood, FL | $2K | 2023 |
| American Humane AssociationGENERAL SUPPORT | Washington, DC | $2K | 2023 |
| Wounded Warrior ProjectGENERAL SUPPORT | Topeka, KS | $2K | 2023 |
| GreenpeaceGENERAL SUPPORT | Washington, DC | $1K | 2023 |
| Sprout CenterGENERAL SUPPORT | Aldie, VA | $1K | 2023 |
| Evans Scholars FoundationGENERAL PURPOSE | Glenview, IL | $1K | 2023 |
| Belle Meade Montessori SchoolGENERAL SUPPORT | Sperryville, VA | $1K | 2023 |
| National Wildlife FederationGENERAL SUPPORT | Merrifield, VA | $1K | 2023 |
| To Write Love On Her ArmsGENERAL SUPPORT | Melbourne, FL | $1K | 2023 |
| Keepers Haven Animal SanctuaryGENERAL SUPPORT | Catharpin, VA | $1K | 2023 |
| Ua HillelGENERAL SUPPORT | Tucson, AZ | $1K | 2023 |
| Jack & Jill Childrens CenterGENERAL SUPPORT | Fort Lauderdale, FL | $1K | 2023 |
| Blue Ridge Wildlife CenterGENERAL SUPPORT | Boyce, VA | $1K | 2023 |
| Danny & Ron'S RescueGENERAL SUPPORT | Camden, SC | $1K | 2023 |
| Hero'S BridgeGENERAL SUPPORT | Warrenton, VA | $1K | 2023 |
| Doctors Without Borders UsaGENERAL SUPPORT | Hagerstown, MD | $1K | 2023 |
| Heifer InternationalGENERAL SUPPORT | Little Rock, AR | $1K | 2023 |
| He She Ze & WeGENERAL SUPPORT | Richmond, VA | $1K | 2023 |
| Paralyzed Veterans Of America Gateway ChapterGENERAL SUPPORT | Saint Louis, MO | $500 | 2023 |