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Joseph B And Virginia H Banks Foundation is a private trust based in WILKES BARRE, PA. The foundation received its IRS ruling in 1998. The principal officer is Virginia H Banks. It holds total assets of $1.6M. Annual income is reported at $158K. Total assets have grown from $390K in 2011 to $1.6M in 2023. The foundation is governed by 5 officers and trustees. 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 2016 to 2023. Grantmaking is concentrated in Pennsylvania. According to available records, Joseph B And Virginia H Banks Foundation has made 99 grants totaling $396K, with a median grant of $3K. Annual giving has grown from $52K in 2020 to $93K in 2023. Grantmaking activity was highest in 2022 with $151K distributed across 40 grants. Individual grants have ranged from N/A to $18K, with an average award of $4K. The foundation has supported 34 unique organizations. Grants have been distributed to organizations in Pennsylvania and Idaho. Contributions to this foundation are tax-deductible.
Smallest Grant
N/A
Median Grant
$3K
Average Grant
$3K
Largest Grant
$13K
Based on 16 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.
Joseph B And Virginia H Banks Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 99 grants. Its grantmaking reaches organizations primarily in PA, ID.
Joseph B And Virginia H Banks Foundation has distributed a total of $396K across 99 grants. The median grant size is $3K, with an average of $4K. Individual grants have ranged from N/A to $18K.
Joseph B And Virginia H Banks Foundation typically selects its grantees rather than accepting unsolicited proposals.
Joseph B And Virginia H Banks Foundation is headquartered in WILKES BARRE, PA. While based in PA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| J Christopher Banks | Trustee | $0 | $0 | N/A |
| Margaret L Banks | ADVIS BOARD MEM | $0 | $0 | N/A |
| Jennifer Banks Santo | Trustee | $0 | $0 | N/A |
| Lisa Banks | ADVIS BOARD MEM | $0 | $0 | N/A |
| J Gregory Banks | Trustee | $0 | $0 | N/A |
Total Giving
$102K
Total Assets
$1.6M
Fair Market Value
$1.9M
Net Worth
$1.6M
Grants Paid
$93K
Contributions
N/A
Net Investment Income
$37K
Distribution Amount
$87K
Total: $1.6M
Total Grants
99
Total Giving
$396K
Average Grant
$4K
Median Grant
$3K
Unique Recipients
34
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Back Mountain Memorial Library AssnPROGRAM SUPPORT | Dallas, PA | $11K | 2023 |
| Weinberg Northeast Regional Food BaPROGRAM SUPPORT | Pittston, PA | $10K | 2023 |
| Casa Of Luzerne CountyPROGRAM SUPPORT | Plains, PA | $8K | 2023 |
| Northeast Sight ServicesPROGRAM SUPPORT | Exeter, PA | $8K | 2023 |
| Fork Over LovePROGRAM SUPPORT | Kingston, PA | $5K | 2023 |
| No Nonsense NeuteringPROGRAM SUPPORT | Plains, PA | $5K | 2023 |
| Meals On Wheels Of Wyoming ValleyPROGRAM SUPPORT | Kingston, PA | $5K | 2023 |
| Childrens Service CenterPROGRAM SUPPORT | Wilkesbarre, PA | $5K | 2023 |
| Dinners For KidsPROGRAM SUPPORT | Edwardsville, PA | $5K | 2023 |
| Wilkes-Barre City HallPROGRAM SUPPORT | Wilkesbarre, PA | $3K | 2023 |
| Lehman SanctuaryPROGRAM SUPPORT | Shavertown, PA | $3K | 2023 |
| Allied ServicesPROGRAM SUPPORT | Clarks Summit, PA | $3K | 2023 |
| Family Services AssociationPROGRAM SUPPORT | Wilkesbarre, PA | $3K | 2023 |
| For The Love Of A FeralPROGRAM SUPPORT | Factoryville, PA | $3K | 2023 |
| Fm Kirby CenterPROGRAM SUPPORT | Wilkesbarre, PA | $3K | 2023 |
| Volunteers In MedicinePROGRAM SUPPORT | Wilkesbarre, PA | $3K | 2023 |
| Junior Achievement Of Nepa IncPROGRAM SUPOORT | Wilkesbarre, PA | $3K | 2023 |
| Wilkes-Barre WolverinePROGRAM SUPPORT | Wilkesbarre, PA | $2K | 2023 |
| Cody Barrasse FoundationPROGRAM SUPPORT | Moosic, PA | $2K | 2023 |
| Sleep In Heavenly Peace IncPROGRAM SUPPORT | Twin Falls, ID | $2K | 2023 |
| Brighter JourneysPROGRAM SUPPORT | Wilkesbarre, PA | $2K | 2023 |
| Anthracite Scenic Trails AssnPROGRAM SUPPORT | Dallas, PA | $1K | 2023 |
| Nepa RacingPROGRAM SUPPORT | Forty Fort, PA | $1K | 2023 |
| Rotary Club Of DallasPROGRAM SUPPORT | Dallas, PA | $1K | 2023 |
| Weinburg Northeast Regional Food BaPROGRAM SUPPORT | Pittston, PA | $10K | 2022 |
| Autism Foundation Allied ServicesPROGRAM SUPPORT | Clarks Summit, PA | $5K | 2022 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA