//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Stanley And Rela Banks Foundation Inc. is a private corporation based in FLORHAM PARK, NJ. The foundation received its IRS ruling in 2022. The principal officer is Witman Stadtmauer Pa. It holds total assets of $966K. Annual income is reported at $102K. Total assets have grown from N/A in 2015 to $966K in 2024. The foundation is governed by 3 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 2022 to 2024. According to available records, Stanley And Rela Banks Foundation Inc. has made 6 grants totaling $150K, with a median grant of $25K. Annual giving has decreased from $100K in 2022 to $50K in 2023. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New Jersey and Colorado. Contributions to this foundation are tax-deductible.
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.
Stanley And Rela Banks Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 6 grants. Its grantmaking reaches organizations primarily in NJ, CO.
Stanley And Rela Banks Foundation Inc. has distributed a total of $150K across 6 grants. The median grant size is $25K, with an average of $25K. Individual grants have ranged from $25K to $25K.
Stanley And Rela Banks Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Stanley And Rela Banks Foundation Inc. is headquartered in FLORHAM PARK, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Andrew Banks | TRUSTEE | $0 | $0 | N/A |
| Leonard J Witman Esq | TRUSTEE | $0 | $0 | N/A |
| Catherine Romania Esq | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$966K
Fair Market Value
N/A
Net Worth
$966K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
6
Total Giving
$150K
Average Grant
$25K
Median Grant
$25K
Unique Recipients
4
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Welcome Home Vets Of New JerseySUPPORT EDUCATIONAL,HEALTH & OTHERPUBLIC CAUSES | Cedar Knolls, NJ | $25K | 2023 |
| Challenge AmericaSUPPORT EDUCATIONAL,HEALTH & OTHERPUBLIC CAUSES | Basalt, CO | $25K | 2023 |
| Anchor HouseSUPPORT EDUCATIONAL,HEALTH & OTHERPUBLIC CAUSES | Trenton, NJ | $25K | 2022 |
| Millburn Short Hills Volunteer First Aid Squad IncSUPPORT EDUCATIONAL,HEALTH & OTHERPUBLIC CAUSES | Millburn, NJ | $25K | 2022 |