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Robert R Banks Foundation is a private corporation based in RENO, NV. The foundation received its IRS ruling in 1995. It holds total assets of $3.7M. Annual income is reported at $1.7M. Total assets have grown from $2.7M in 2011 to $3.6M in 2023. The foundation is governed by 4 officers and trustees. N/a - the activities of the foundation are limited solely to grant making. Tax records are available from 2017 to 2024. Grantmaking is concentrated in Nevada. According to available records, Robert R Banks Foundation has made 52 grants totaling $676K, with a median grant of $10K. Annual giving has grown from $162K in 2021 to $355K in 2023. Individual grants have ranged from $4K to $40K, with an average award of $13K. The foundation has supported 24 unique organizations. Grant recipients are concentrated in Nevada. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$10K
Average Grant
$12K
Largest Grant
$25K
Based on 14 grants from the most recent 990-PF filing.
N/a - the activities of the foundation are limited solely to grant making
N/a - the activities of the foundation are limited solely to grant making. Based on available records, the foundation has funded 52 grants. Its grantmaking reaches organizations primarily in NV.
Robert R Banks Foundation has distributed a total of $676K across 52 grants. The median grant size is $10K, with an average of $13K. Individual grants have ranged from $4K to $40K.
The application deadline is NONE NONE. Applications must be from 501(c)(3) charitable organizations benefiting children.
Robert R Banks Foundation is headquartered in RENO, NV.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Steve Petersen | SECRETARY/TREASURER | $12K | $0 | $12K |
| Linda Horsey | BOARD MEMBER | $12K | $0 | $12K |
| Jack Harker | PRESIDENT | $12K | $0 | $12K |
| Chris Mccune | BOARD MEMBER | $12K | $0 | $12K |
Total Giving
$304K
Total Assets
$3.6M
Fair Market Value
$4.2M
Net Worth
$3.6M
Grants Paid
$175K
Contributions
N/A
Net Investment Income
$105K
Distribution Amount
$204K
Total: $3M
Total Grants
52
Total Giving
$676K
Average Grant
$13K
Median Grant
$10K
Unique Recipients
24
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Boys And Girls Club Of Truckee MeadowsYOUTH SERVICES | Reno, NV | $40K | 2023 |
| Boys And Girls Club Of Mason ValleyYOUTH SERVICES | Yerington, NV | $40K | 2023 |
| Northern Nevada Children'S Cancer FoundationYOUTH SERVICES | Reno, NV | $15K | 2023 |
| Mefiyi FoundationYOUTH SERVICES | Gardnerville, NV | $15K | 2023 |
| Assistance League Of Reno-SparksYOUTH SERVICES | Reno, NV | $10K | 2023 |
| The First Tee Of Northern NevadaYOUTH SERVICES | Reno, NV | $10K | 2023 |
| Care Chest Of Sierra NevadaGENERAL SUPPORT | Reno, NV | $10K | 2023 |
| Big Brothers Big Sisters Of Northern NevadaYOUTH SERVICES | Reno, NV | $10K | 2023 |
| For Kids FoundationsYOUTH SERVICES | Reno, NV | $8K | 2023 |
| Girl Scouts Of Sierra NevadaYOUTH SERVICES | Reno, NV | $5K | 2023 |
| Safe Talk For TeensYOUTH SERVICES | Reno, NV | $5K | 2023 |
| The Childrens' CabinetYOUTH SERVICES | Reno, NV | $5K | 2023 |
| Boy Scouts Of America - Nevada Area CouncilYOUTH SERVICES | Reno, NV | $5K | 2023 |
| Food Bank Of Northern NevadaYOUTH SERVICES | Mccarran, NV | $10K | 2022 |
| Boys & Girls Club Of Truckee MeadowsYOUTH SERVICES | Reno, NV | $25K | 2021 |
| Boys & Girls Club Of Mason ValleyYOUTH SERVICES | Yerington, NV | $20K | 2021 |
| Assistance League Of RenosparksYOUTH SERVICES | Reno, NV | $15K | 2021 |
| Food Bank Of No NevadaYOUTH SERVICES | Mccarran, NV | $15K | 2021 |
| Big Brothers Big Sisters Of Norther NevadaYOUTH SERVICES | Reno, NV | $12K | 2021 |
| First Tee Of Northern NevadaYOUTH SERVICES | Reno, NV | $10K | 2021 |
| Girl Scouts Of AmericaYOUTH SERVICES | Reno, NV | $10K | 2021 |
| Junior AchievementYOUTH SERVICES | Reno, NV | $10K | 2021 |