Banks Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCKINNEY, TX. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grants totaling $557.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$557
+11.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$557
+11.4% YoY
Under IRS private-foundation payout rules, Banks Charitable Trust reported a distributable amount of $7 for 2022 — the minimum it must pay out in qualifying distributions.
About Banks Charitable Trust
Based on IRS filings
Banks Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCKINNEY, TX. IRS filing data is available from 2020 through 2022. In 2022, it awarded 1 grants totaling $557.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $301,847 | $300,356 |
| Revenue | $-295,900 | $3,341 | $6,400 |
| Expenses | $5,947 | $1,850 | $10,366 |
| Qualifying Distributions | $557 | $500 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $7 | $96 | $20 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2022
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Campbell Road Church of Christ ($557).
| Recipient | Purpose | Amount |
|---|---|---|
| Campbell Road Church of Christ Garland, TX | For community improvement | $557 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Joe Feagin | Co-Trustee | 1 | — |
| Sharon Feagin | Co-Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Banks Charitable Trust?
Banks Charitable Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCKINNEY, TX. It holds — in total assets as of 2022.
Where does Banks Charitable Trust operate?
Banks Charitable Trust has awarded grants in Texas.
What size grants does Banks Charitable Trust award?
In 2022, Banks Charitable Trust awarded 1 grants totaling $557 — an average of about $557 per grant, based on its IRS Form 990 filings.
How much is Banks Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Banks Charitable Trust reported a distributable amount of $7 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Banks Charitable Trust's EIN?
Banks Charitable Trust's EIN (Employer Identification Number) is 75-6483645. IRS Form 990 filing data is available on this page for 2020–2022.
Explore Open Grants
Browse active grant opportunities in Banks Charitable Trust's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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