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Robert J And Jennifer J Banks Charitable Trust is a private trust based in WILMINGTON, DE. The foundation received its IRS ruling in 2004. The principal officer is Foundation Source. It holds total assets of $11.3M. Annual income is reported at $3.1M. Total assets have grown from $3M in 2011 to $11.1M in 2023. The foundation is governed by 4 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. The foundation primarily funds organizations in Florida, Michigan and Pennsylvania. According to available records, Robert J And Jennifer J Banks Charitable Trust has made 92 grants totaling $2.1M, with a median grant of $10K. The foundation has distributed between $456K and $1.2M annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $1.2M distributed across 46 grants. Individual grants have ranged from $200 to $225K, with an average award of $23K. The foundation has supported 32 unique organizations. The foundation primarily supports organizations in Florida, Vermont, Pennsylvania, which account for 82% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$10K
Average Grant
$26K
Largest Grant
$200K
Based on 23 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.
Robert J And Jennifer J Banks Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 92 grants. Its grantmaking reaches organizations primarily in FL, VT, PA.
Robert J And Jennifer J Banks Charitable Trust has distributed a total of $2.1M across 92 grants. The median grant size is $10K, with an average of $23K. Individual grants have ranged from $200 to $225K.
Robert J And Jennifer J Banks Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Robert J And Jennifer J Banks Charitable Trust is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert J Banks | Trustee | $0 | $0 | N/A |
| Jennifer J Banks | Trustee | $0 | $0 | N/A |
| Joseph Ritter | Trustee | $0 | $0 | N/A |
| Kimberly Banks Ritter | Trustee | $0 | $0 | N/A |
Total Giving
$604K
Total Assets
$11.1M
Fair Market Value
$13M
Net Worth
$11.1M
Grants Paid
$456K
Contributions
$1M
Net Investment Income
$270K
Distribution Amount
$534K
Total Grants
92
Total Giving
$2.1M
Average Grant
$23K
Median Grant
$10K
Unique Recipients
32
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Spring Lake Ranch IncBanks' Project | Shrewsbury, VT | $225K | 2023 |
| Pennsylvania State UniversityRobert J . and Jennifer J . Banks Scholarship Fund | State College, PA | $50K | 2023 |
| Bridgeville Area Historical SocietyCapital Improvements | Bridgeville, PA | $30K | 2023 |
| Berkeley Preparatory School IncScholarship Fund | Tampa, FL | $25K | 2023 |
| Ready For Life IncGeneral & Unrestricted | Largo, FL | $15K | 2023 |
| Metropolitan Ministries IncCharitable Event | Tampa, FL | $10K | 2023 |
| Clearwater Free Clinic IncGeneral & Unrestricted | Clearwater, FL | $10K | 2023 |
| Suncoast Voices For Children Foundation IncGeneral & Unrestricted | Largo, FL | $10K | 2023 |
| Suncoast Animal LeagueGeneral & Unrestricted | Palm Harbor, FL | $10K | 2023 |
| Quantum Leap Farm IncGeneral & Unrestricted | Odessa, FL | $10K | 2023 |
| Society For The Prevention Of Cruelty To Animals TGeneral & Unrestricted | Largo, FL | $10K | 2023 |
| Humane Society Of Pinellas IncGeneral & Unrestricted | Clearwater, FL | $10K | 2023 |
| Oakhurst Methodist ChurchCharitable Event | Seminole, FL | $9K | 2023 |
| The Horses For Handicapped Foundation Of PinellasGeneral & Unrestricted | Seminole, FL | $5K | 2023 |
| Mclaren Northern Michigan FoundationGeneral & Unrestricted | Petoskey, MI | $5K | 2023 |
| American Stage Co IncGeneral & Unrestricted | St Petersburg, FL | $5K | 2023 |
| Wikimedia Foundation IncGeneral & Unrestricted | Washington, DC | $1K | 2023 |
| Hernando-Pasco Hospice IncFor HPH Hospice | Temple Terr, FL | $1K | 2023 |
| Morton Plant Mease Health Care Foundation Inc"The Pathway to Recovery Resource Center", housed within the Behavioral Health Department at the Hospitals of Morton Plant Mease PRogram | Clearwater, FL | $200K | 2022 |
| Munson Medical CenterBehavioral Health | Traverse City, MI | $15K | 2022 |