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James P Banks Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2016. The principal officer is % Justin Terzo. It holds total assets of $40.9M. Annual income is reported at $41.5M. THE JAMES P BANKS FOUNDATION (THE "FOUNDATION") IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO MAKE GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS AS DETERMINED BY THE DIRECTORS AND THE FOUNDATION. THE FOUNDATION MAKES BROAD BASED DONATIONS TO BE USED IN CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, CULTURAL AND EDUCATIONAL PURPOSES. According to available records, James P Banks Foundation has made 21 grants totaling $465K, with a median grant of $20K. Annual giving has decreased from $310K in 2023 to $155K in 2024. Individual grants have ranged from $5K to $65K, with an average award of $22K. The foundation has supported 12 unique organizations. Grants have been distributed to organizations in Illinois and Washington and Virginia. Contributions to this foundation are tax-deductible.
THE JAMES P BANKS FOUNDATION (THE "FOUNDATION") IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO MAKE GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS AS DETERMINED BY THE DIRECTORS AND THE FOUNDATION. THE FOUNDATION MAKES BROAD BASED DONATIONS TO BE USED IN CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, CULTURAL AND EDUCATIONAL PURPOSES.
Expenses: $155K
THE JAMES P BANKS FOUNDATION (THE "FOUNDATION") IS A NONPROFIT ORGANIZATION WHOSE PURPOSE IS TO MAKE GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS AS DETERMINED BY THE DIRECTORS AND THE FOUNDATION. THE FOUNDATION MAKES BROAD BASED DONATIONS TO BE USED IN CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, CULTURAL AND EDUCATIONAL PURPOSES. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in IL, WA, VA.
James P Banks Foundation has distributed a total of $465K across 21 grants. The median grant size is $20K, with an average of $22K. Individual grants have ranged from $5K to $65K.
James P Banks Foundation typically selects its grantees rather than accepting unsolicited proposals.
James P Banks Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph A O'Brien | PRESIDENT | $0 | $0 | $0 |
| James P Banks | FORMER PRESIDENT | $0 | $0 | $0 |
| Wendy A O'Brien | SECRETARY | $0 | $0 | $0 |
| Justin Terzo | TREASURER | $0 | $0 | $0 |
Total Giving
$278K
Total Assets
$3.8M
Fair Market Value
$4.7M
Net Worth
$3.8M
Grants Paid
$155K
Contributions
$303K
Net Investment Income
$133K
Distribution Amount
$208K
Total Grants
21
Total Giving
$465K
Average Grant
$22K
Median Grant
$20K
Unique Recipients
12
Most Common Grant
$10K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Rebecca Kutchins FundSUPPORT | Schaumburg, IL | $25K | 2023 |
| Almost Home KidsSUPPORT | Woodstock, IL | $65K | 2024 |
| Young At Heart Pet RescueSUPPORT | Woodstock, IL | $25K | 2024 |
| Second City CanineSUPPORT | Palatine, IL | $20K | 2024 |
| Compassion Animal ProjectSUPPORT | Richmond, VA | $15K | 2024 |
RENO, NV
TULSA, OK
EPHRATA, PA
CAMBRIDGE, MA
ST JAMES, NY
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Sgt Tommy'S KidsSUPPORT | Downers Grove, IL | $10K | 2024 |
| Guardian Angel Basset Rescue IncSUPPORT | Hampshire, IL | $10K | 2024 |
| Famous Fido Rescue & AdoptionSUPPORT | Chicagl, IL | $10K | 2024 |
| Elephants Rhinos And PeopleSUPPORT | Seattle, WA | $50K | 2023 |
| One Tail At A TimeSUPPORT | Chicago, IL | $25K | 2023 |
| Alive RescueSUPPORT | Chicago, IL | $20K | 2023 |
| Woof Pack Dog RescueSUPPORT | Hoffman Estates, IL | $5K | 2023 |
AUDUBON, PA
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