Banc of California Charitable Foundation
Banc of California Charitable Foundation is a private foundation based in Santa Ana, California. It supports organizations and initiatives connected to financial literacy, affordable housing, community service, and economic growth.
Key facts about Banc of California Charitable Foundation
In short: Banc of California Charitable Foundation gave $3.2M across 339 grants in 2024 (avg $10K), mostly in California. Source: 2024 IRS Form 990-PF.
- EIN
- 81-2984187
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $3,228,002
- Grants made (2024)
- 339
- Average grant
- $9,522
- Median grant
- $5,000
- Total assets
- $883,155
- Primary geography
- California (88% of itemized 2024 grant dollars)
- How to apply
- The filing names Chris Garcia as the contact and a grant agreement as the form and materials. Full details ↓
- Deadline
- None.
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$883K
-39.7% YoY
Annual Giving
$3.2M
+231.4% YoY
Grant Count
339
+249.5% YoY
Avg Grant Size
$10K
-5.2% YoY
Under IRS private-foundation payout rules, Banc of California Charitable Foundation reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
How Banc of California Charitable Foundation gives
- 13% of 2024 grantees were also funded in 2023. Method
- Giving grew 343% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s website emphasizes collaboration to create shared prosperity and opportunity, foster connected and respectful communities, and improve the lives of people in need. Its stated areas of work include financial literacy, affordable housing, community service, and economic growth.
The organizations it supported in 2024 illustrate the range of recipients. Affordable Housing Clearinghouse describes its work as helping low- and moderate-income Southern California residents access affordable housing, including through home-buyer education and credit counseling. Innovative Housing Opportunities says it provides affordable housing with integrated support services. The National Diversity Coalition describes its mission as empowering minority communities through advocacy for policies benefiting low- to moderate-income families. Project Access says it provides on-site health, education, and employment services to people in affordable and workforce housing communities. These are the grantees’ descriptions of their own work.
Grantmaking
In filing year 2024, the foundation reported 339 grants totaling $3,228,002. Grants ranged from $400 to $100,000, with a median of $5,000.
Among its largest 2024 grants were $100,000 to the National Diversity Coalition for economic development programs; $65,000 to Affordable Housing Clearinghouse and $56,000 to Innovative Housing Opportunities for affordable housing; and $50,000 each to USS Midway Museum for community development programs, Habitat for Humanity of Greater Los Angeles for affordable housing, and West Angeles Community Development Corporation for economic development programs.
Review Cycle
None.
How to Apply
The filing names Chris Garcia as the contact and a grant agreement as the form and materials. It reports no deadlines and no restrictions on awards.
Ready to take the next step with Banc of California Charitable Foundation?
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went primarily to California recipients (88%), followed by North Carolina (6%), Colorado (5%), and New York (1%). The filing also reports a 0% share for New Jersey.
Grant Distribution by State
Share of 2024 grant dollars across all 339 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $421K (2020) to $3.2M (2024). In 2024 it made 339 grants totaling $3.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was National Diversity Coalition ($100K). Together the top 10 received $513K.
Grant Size Distribution
656 grants across all recorded years
The most common grant size was under $50K: 647 grants of 656 (99%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Diversity Coalition Los Angeles, CA | The purpose of this grant is to support economic development programs | $100,000 |
| Affordable Housing Clearinghouse Lake Forest, CA | The purpose of this grant is to support affordable housing | $65,000 |
| Innovative Housing Opportunities Santa Ana, CA | The purpose of this grant is to support affordable housing | $56,000 |
| USS Midway Museum San diego, CA | The purpose of this grant is to support community development programs | $50,000 |
| Habitat for Humanity of Greater Los Angeles Bellflower, CA | The purpose of this grant is to support affordable housing | $50,000 |
| West Angeles Community Development Corporation Los Angeles, CA | The purpose of this grant is to support economic development programs | $50,000 |
| Via Care Los Angeles, CA | The purpose of this grant is to support community development programs | $40,000 |
| Bresee Los Angeles, CA | The purpose of this grant is to support community development programs | $35,000 |
| Project Access Inc Orange, CA | The purpose of this grant is to support community development programs | $34,250 |
| Easter Seals Southern California Gardena, CA | The purpose of this grant is to support community development programs | $32,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2024 | $883,155 | $2,648,368 | $3,228,825 | $3,228,002 | 339 |
| 2023 | $1,463,612 | $2,009,000 | $974,333 | $974,133 | 97 |
| 2022 | $428,945 | $1,002,615 | $973,963 | $963,325 | 86 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $883,155 | $1,463,612 | $428,945 |
| Revenue | $2,648,368 | $2,009,000 | $1,002,615 |
| Expenses | $3,228,825 | $974,333 | $973,963 |
| Qualifying Distributions | $3,228,825 | $974,333 | $973,963 |
| Distributable Amount | $77,574 | $28,028 | $19,991 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Chris Garcia as president, Irene Chung as secretary, Stan Ivie as chairman of the board, and Karen Hon as treasurer. Board members listed are Samantha Haugh, Hilary Streeter, Deb Vrana, Alex Kweskin, Chris Baron, and Andrew Parker.
Banc of California Charitable Foundation is led by Chris Garcia, President on every filing since 2020; none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
Chris Garcia
President
On filings since 2020
4 hrs/week
No compensation reported
Stan Ivie
Chairman of Board
On filings since 2023
0.5 hrs/week
No compensation reported
Alex Kweskin
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Samantha Haugh
Board Member
On filings since 2021
0.5 hrs/week
No compensation reported
Chris Baron
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Deb Vrana
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Hilary Streeter
Board Member
On filings since 2023
0.5 hrs/week
No compensation reported
Irene Chung
Secretary
On filings since 2023
0.5 hrs/week
No compensation reported
Andrew Parker
Board Member
New on the 2024 filing
0.5 hrs/week
No compensation reported
Karen Hon
Treasurer
New on the 2024 filing
0.5 hrs/week
No compensation reported
Former officers (8)
- Former: John Sotoodeh (2020–2023) — Board Member
- Former: Raymond Rindone (2023) — Treasurer
- Former: Manisha Merchant (2020–2022) — Secretary
- Former: Hamid Hussein (2021–2022) — Board Member
- Former: Jay Sanders (2021–2022) — Board Member
- Former: Jun Intal (2021–2022) — CFO
- Former: Lynn Sullivan (2021–2022) — Board Member
- Former: Ying Hoffesommer (2020) — Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Chris Garcia
Mailing address: 3 Macarthur Place, Santa Ana, CA 92707
Phone: (949) 236-5279
Email: chris.garcia@bancofcal.com
Website: https://bancofcal.com/community-reinvestment/
Frequently asked questions about Banc of California Charitable Foundation
How much does Banc of California Charitable Foundation give each year?
Banc of California Charitable Foundation gave $3.2M across 339 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $974K across 97 grants.
What is Banc of California Charitable Foundation's typical grant size?
Banc of California Charitable Foundation's median grant in 2024 was $5,000, and its average grant was $9,522, across 339 grants on its 2024 IRS Form 990-PF.
Where does Banc of California Charitable Foundation give grants?
Banc of California Charitable Foundation gives mostly in California: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were North Carolina (6%) and Colorado (5%). The most frequent recipient cities were Los Angeles, CA (57 grants), San Diego, CA (23 grants), Denver, CO (17 grants) and Santa Ana, CA (15 grants).
Does Banc of California Charitable Foundation give general operating support?
Not in 2024: none of the 339 grants with a stated purpose on Banc of California Charitable Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "The Purpose of This Grant Is to Support Affordable Housing" (40 grants) and "The Purpose of This Grant Is to Support Community Networking" (3 grants).
Who are Banc of California Charitable Foundation's largest grantees?
Banc of California Charitable Foundation's largest 2024 grantees include National Diversity Coalition ($100,000), Affordable Housing Clearinghouse ($65,000) and Innovative Housing Opportunities ($56,000), according to its 2024 IRS Form 990-PF. Together they received 7% of its itemized 2024 grant dollars.
How large is Banc of California Charitable Foundation?
Banc of California Charitable Foundation reported $883K in total assets on its 2024 IRS Form 990-PF. It paid out $3.2M in qualifying distributions that year, against a required minimum of $78K (roughly 5% of its investment assets).
What does Banc of California Charitable Foundation fund?
The foundation’s website emphasizes collaboration to create shared prosperity and opportunity, foster connected and respectful communities, and improve the lives of people in need. Its stated areas of work include financial literacy, affordable housing, community service, and economic growth. See mission & focus areas ↑
How do I apply for a grant from Banc of California Charitable Foundation?
The filing names Chris Garcia as the contact and a grant agreement as the form and materials. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Banc of California Charitable Foundation's EIN?
Banc of California Charitable Foundation's EIN (Employer Identification Number) is 81-2984187. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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