//
Also known as: FOUNDATION INC
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
William And Karin Banks Foundation Inc. is a private corporation based in BETHESDA, MD. The foundation received its IRS ruling in 2003. The principal officer is William F Banks. It holds total assets of $6.7M. Annual income is reported at $4.4M. The foundation is governed by 2 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 2020 to 2023. The foundation primarily funds organizations in Virginia, Maryland and Vermont. According to available records, William And Karin Banks Foundation Inc. has made 255 grants totaling $1.8M, with a median grant of $5K. The foundation has distributed between $318K and $793K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $793K distributed across 104 grants. Individual grants have ranged from $500 to $40K, with an average award of $7K. The foundation has supported 72 unique organizations. The foundation primarily supports organizations in Virginia, Vermont, Maryland, which account for 82% of all grants. Grantmaking reaches organizations across 15 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$6K
Average Grant
$8K
Largest Grant
$29K
Based on 52 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.
William And Karin Banks Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 255 grants. Its grantmaking reaches organizations primarily in VA, VT, MD.
William And Karin Banks Foundation Inc. has distributed a total of $1.8M across 255 grants. The median grant size is $5K, with an average of $7K. Individual grants have ranged from $500 to $40K.
William And Karin Banks Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
William And Karin Banks Foundation Inc. is headquartered in BETHESDA, MD. While based in MD, the foundation distributes grants to organizations across 15 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Harald Mangold | VICE-PRESIDENT | $0 | $0 | N/A |
| Karin Banks | PRESIDENT | $0 | $0 | N/A |
Total Giving
$367K
Total Assets
$6.5M
Fair Market Value
$7.6M
Net Worth
$6.5M
Grants Paid
$344K
Contributions
N/A
Net Investment Income
$605K
Distribution Amount
$349K
Total: $6.1M
Total Grants
255
Total Giving
$1.8M
Average Grant
$7K
Median Grant
$5K
Unique Recipients
72
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Safe HarborFOUNDATION DONATION | Richmond, VA | $20K | 2023 |
| Highland CenterFOUNDATION DONATIONS | Monterey, VA | $13K | 2023 |
| Highland Volunteer Fire DepartmentFOUNDATION DONATIONS | Monterey, VA | $8K | 2023 |
| United CommunityFOUNDATION DONATIONS | Alexandria, VA | $5K | 2023 |
| Light HouseFOUNDATION DONATIONS | Annapolis, MD | $5K | 2023 |
| Alive IncFOUNDATION DONATIONS | Alexandria, VA | $2K | 2023 |
| Loudoun Club 12FOUNDATION DONATION | Leesburg, VA | $40K | 2023 |
| Highland Medical CenterFOUNDATION DONATIONS | Monterey, VA | $21K | 2023 |
| Dc Rape Crisis CenterFOUNDATION DONATION | Washington, DC | $20K | 2023 |
| Garth NewelFOUNDATION DONATIONS | Warm Springs, VA | $15K | 2023 |
| Alexandria Seaport FoundationFOUNDATION DONATIONS | Alexandria, VA | $15K | 2023 |
| Virginia Horse Center Foundation Co Jennifer DonovanFOUNDATION DONATIONS | Lexington, VA | $15K | 2023 |
| Humane Society Of Chittenden CountyFOUNDATION DONATIONS | South Burlington, VT | $10K | 2023 |
| Bolar Volunteer Fire CompanyFOUNDATION DONATIONS | Warm Springs, VA | $10K | 2023 |
| Equine Rescue LeagueFOUNDATION DONATIONS | Leesburg, VA | $9K | 2023 |
| SolaFOUNDATION DONATION | Boston, MA | $8K | 2023 |
| Gerdas Equine RescueFOUNDATION DONATIONS | West Townshend, VT | $8K | 2023 |
| Highland County Volunteer Rescue SquadFOUNDATION DONATIONS | Monterey, VA | $8K | 2023 |
| Interfaith Social ServicesFOUNDATION DONATIONS | Quincy, MA | $8K | 2023 |
| Partners In HealthFOUNDATION DONATIONS | Frederick, MD | $8K | 2023 |
| WaterorgFOUNDATION DONATIONS | Kansas City, MO | $8K | 2023 |
| Committee On Temporary Shelter (Cots)FOUNDATION DONATIONS | Burlington, VT | $6K | 2023 |
| Planned Parenthood Of Burlington VtFOUNDATION DONATIONS | Burlington, VT | $6K | 2023 |
| Shanti Bhavan Children'S ProjectFOUNDATION DONATION | Bellevue, WA | $6K | 2023 |
| Sail Beyond Cancer VtFOUNDATION DONATIONS | Burlington, VT | $6K | 2023 |
| Outright VermontFOUNDATION DONATIONS | Shelburne, VT | $6K | 2023 |
| Care Gift CenterFOUNDATION DONATIONS | Merrifield, VA | $5K | 2023 |
| Chesapeake Bay FoundationFOUNDATION DONATIONS | Annapolis, MD | $5K | 2023 |
| American Red Cross Of The National Capital AreaFOUNDATION DONATIONS | Fairfax, VA | $5K | 2023 |
| Prince George'S Community College Foundation IncFOUNDATION DONATIONS | Largo, MD | $4K | 2023 |
| Whitman-Walker Health Development DeptFOUNDATION DONATIONS | Nw Washington, DC | $4K | 2023 |
| Highland Arts CouncilFOUNDATION DONATIONS | Monterey, VA | $4K | 2023 |
| Camp Fire UsaFOUNDATION DONATIONS | Greenbelt, MD | $3K | 2023 |
| Capitol Area Food BankFOUNDATION DONATIONS | Washington, DC | $3K | 2023 |
| Community Crisis Services IncFOUNDATION DONATIONS | Hyattsville, MD | $3K | 2023 |
| United Community Against Poverty IncFOUNDATION DONATIONS | Capitol Heights, MD | $3K | 2023 |
| Community Advocates For Family & YouthFOUNDATION DONATIONS | Capitol Heights, MD | $3K | 2023 |
| Planned Parenthood Federation Of America IncFOUNDATION DONATIONS | Richmond, VA | $2K | 2023 |
| Saddlebred Rescue IncFOUNDATION DONATIONS | Blairstown, NJ | $2K | 2023 |
| Valley Conservation CouncilFOUNDATION DONATIONS | Staunton, VA | $2K | 2023 |
| Public Safety Assistance Program - FoodFOUNDATION DONATIONS | Upper Marlboro, MD | $2K | 2023 |
| Virginia Nature ConservancyFOUNDATION DONATIONS | Charlottesville, VA | $2K | 2023 |
| Ride With PrideFOUNDATION DONATIONS | Staunton, VA | $2K | 2023 |
| Highland Social ServicesFOUNDATION DONATIONS | Monterey, VA | $2K | 2023 |
| Highland County Humane SocietyFOUNDATION DONATIONS | Monterey, VA | $2K | 2023 |
| Annapolis Maritime MuseumFOUNDATION DONATIONS | Annapolis, MD | $1K | 2023 |
| Bolar Ruritan Scholarship FundFOUNDATION DONATIONS | Warm Springs, VA | $1K | 2023 |
| Highland Historical SocietyFOUNDATION DONATIONS | Mcdowell, VA | $1K | 2023 |
| Victory ChapelFOUNDATION DONATIONS | Monterey, VA | $500 | 2023 |
| Children'S Health DefenseFOUNDATION DONATIONS | Peachtree City, GA | $29K | 2022 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD