BANKS CHARITABLE FDN-NUVEEN is a private foundation based in St. Petersburg, Florida. Its 2025 filing reports 16 grants totaling $79,000, primarily to organizations in Utah.
Key facts about Banks Charitable Fdn-Nuveen
In short: Banks Charitable Fdn-Nuveen gave $79K across 16 grants in 2025 (avg $5K), mostly in Utah. 13% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 20-3945115
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $79,000
- Grants made (2025)
- 16
- Average grant
- $4,938
- Median grant
- $1,750
- New grantees (estimate)
- 13% first-time grantees (2 of 16, 2025)
- Total assets
- $1,138,845
- Primary geography
- Utah (92% of itemized 2025 grant dollars)
- How to apply
- The foundation states that requests should be made in writing. Full details ↓
- Deadline
- None.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
+2.3% YoY
Annual Giving
$79K
+61.6% YoY
Grant Count
16
-38.5% YoY
Avg Grant Size
$5K
+162.5% YoY
Under IRS private-foundation payout rules, Banks Charitable Fdn-Nuveen reported a distributable amount of $64K for 2025 — the minimum it must pay out in qualifying distributions.
Is Banks Charitable Fdn-Nuveen open to new grantees?
13%
first-time grantees, 2025
In 2025, 2 of 16 grantees (13%) were first-time recipients. First grants averaged $1K; repeat grants $6K. How we count
Medians: $1K first-time, $2K repeat.
- 88% of 2025 grantees were also funded in 2024. Method
- Giving grew 33% from 2022 to 2025. Method
- In 2025 it paid out 132% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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
No mission statement for the foundation is provided. Its grants include general operating and general support awards to organizations such as schools, universities, youth organizations, and charitable groups. Among 2024 recipients, International Language Programs Inc. describes its mission as opening doors for children through language education and providing college-age adults with service-based cultural exchange opportunities. Utah Soccer Alliance Recreation says it provides youth soccer coaching, training, and games regardless of ability or socioeconomic background.
Grantmaking
In 2025, the foundation made 16 grants totaling $79,000. Awards ranged from $500 to $40,000, with a median of $1,750. The largest reported grants were $40,000 to Salt Lake City Rotary Foundation, $11,500 to Church of Jesus Christ of Latter, and $6,000 to Brigham Young University, each for general operating purposes. Other notable grants included $4,000 to Olathe High School and $3,000 each to Utah Athletic Foundation DBA and University of Utah.
Review Cycle
** None.
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Geographic Focus
Where this funder awards grants
In 2025, Utah received 92% of grant dollars. Colorado received 5%, while Washington, California, and Texas each received 1%.
Grant Distribution by State
Share of all 16 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
94 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SALT LAKE CITY ROTARY FOUNDATION Kaysville, UT | GENERAL OPERATING | $40,000 |
| CHURCH OF JESUS CHRIST OF LATTER Salt Lake City, UT | GENERAL OPERATING | $11,500 |
| BRIGHAM YOUNG UNIVERSITY Provo, UT | GENERAL OPERATING | $6,000 |
| OLATHE HIGH SCHOOL Olathe, CO | GENERAL OPERATING | $4,000 |
| UTAH ATHLETIC FOUNDATION DBA Park City, UT | GENERAL OPERATING | $3,000 |
| UNIVERSITY OF UTAH Salt Lake City, UT | GENERAL OPERATING | $3,000 |
| UTAH SOCCER ALLIANCE RECREATION South Jordan, UT | GENERAL OPERATING | $2,500 |
| GREEN GUMMY BEAR INC Centerville, UT | GENERAL SUPPORT | $2,000 |
| PTA UTAH CONGRESS INC South Jordan, UT | GENERAL OPERATING | $1,500 |
| GIRL SCOUTS OF UTAH Salt Lake City, UT | GENERAL SUPPORT | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses |
|---|---|---|---|
| 2025 | $1,138,845 | $133,440 | $109,142 |
| 2024 | $1,113,598 | $112,375 | $76,482 |
| 2023 | $1,076,701 | $79,102 | $75,381 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,138,845 | $1,113,598 | $1,076,701 |
| Revenue | $133,440 | $112,375 | $79,102 |
| Expenses | $109,142 | $76,482 | $75,381 |
| Qualifying Distributions | $85,142 | $59,858 | $55,175 |
| Net Investment Income | $111,070 | $95,325 | $59,877 |
| Distributable Amount | $64,438 | $62,335 | $55,860 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Eugene W. Banks and Evelyn Banks as advisors, and Raymond James Trust N.A. as trustee.
Banks Charitable Fdn-Nuveen's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Raymond James Trust N A
Trustee
On filings since 2021
1 hr/week
$15K (2021) → $9K (2025)
Eugene W. Banks
Advisor
On filings since 2020
2 hrs/week
No compensation reported
Evelyn Banks
Advisor
On filings since 2020
2 hrs/week
No compensation reported
Former officers (2)
- Former: Raymond James (2023–2024) — Trustee
- Former: Bank Of America N A (2020) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Contact
Application contact: Eugene W Banks
Mailing address: 6194 Field Rose Drive, Salt Lake City, UT 84121
Phone: (801) 272-8100
Frequently asked questions about Banks Charitable Fdn-Nuveen
How much does Banks Charitable Fdn-Nuveen give each year?
Banks Charitable Fdn-Nuveen gave $79K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $49K across 26 grants.
What is Banks Charitable Fdn-Nuveen's typical grant size?
Banks Charitable Fdn-Nuveen's median grant in 2025 was $1,750, and its average grant was $4,938, across 16 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Banks Charitable Fdn-Nuveen that year got $1K on average.
Where does Banks Charitable Fdn-Nuveen give grants?
Banks Charitable Fdn-Nuveen gives mostly in Utah: 92% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Colorado (5%). The most frequent recipient cities were Salt Lake City, UT (4 grants), South Jordan, UT (2 grants) and Heber City, UT (2 grants).
Does Banks Charitable Fdn-Nuveen give general operating support?
Yes: 100% of Banks Charitable Fdn-Nuveen's 2025 grants with a stated purpose (16 of 16) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Banks Charitable Fdn-Nuveen's largest grantees?
Banks Charitable Fdn-Nuveen's largest 2025 grantees include Salt Lake City Rotary Foundation ($40,000), Church of Jesus Christ of Latter ($11,500) and Brigham Young University ($6,000), according to its 2025 IRS Form 990-PF. Together they received 73% of its itemized 2025 grant dollars.
How large is Banks Charitable Fdn-Nuveen?
Banks Charitable Fdn-Nuveen reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $85K in qualifying distributions that year, against a required minimum of $64K (roughly 5% of its investment assets).
What does Banks Charitable Fdn-Nuveen fund?
No mission statement for the foundation is provided. Its grants include general operating and general support awards to organizations such as schools, universities, youth organizations, and charitable groups. Among 2024 recipients, International Language Programs Inc. describes its mission as opening doors for children through language education and providing college-age adults with service-based cultural exchange opportunities. Utah Soccer Alliance Recreation says it provides youth soccer coac…
How do I apply for a grant from Banks Charitable Fdn-Nuveen?
The foundation states that requests should be made in writing. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Banks Charitable Fdn-Nuveen's EIN?
Banks Charitable Fdn-Nuveen's EIN (Employer Identification Number) is 20-3945115. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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