Banks Family Foundation Inc
Banks Family Foundation Inc is a private foundation, based in Bonner Springs, KS. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 6 grants totaling $111K. Net investment income was $168K.
Banks Family Foundation Inc at a glance
In short: Banks Family Foundation Inc gave $111K across 6 grants in 2024 (avg $18K), mostly in Arkansas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $110,860
- -6.4% vs 2023
- Grants made (2024)
- 6
- +50.0% vs 2023
- Average grant
- $18,477
- -37.6% vs 2023
- Median grant
- $7,000
- Total assets
- $2,408,863
- +2.6% vs 2023
- Primary geography
- Arkansas (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Banks Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was City of Eureka Springs ($81K). Together the top 6 received $111K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 11 grants of 14 (79%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
States
Cities
How Banks Family Foundation Inc gives
- Giving grew 454% from 2021 to 2024. Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2020) to $119K (2023). In 2024 it made 6 grants totaling $111K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Eureka Springs Eureka Ssprings, AR | Basin Spring ParkImprovements | $81,210 |
| Bartlett Arboretum Society Belle Plain, KS | General Fund | $12,000 |
| City of Gypsum Kansas Gypsum, KS | City AuditoriumRenovations | $9,000 |
| Wichita Art Museum Wichita, KS | General Fund | $5,000 |
| Club Parkinson's of Kansas Wichita, KS | General Fund | $3,000 |
| School for Rural Culture and Creativity Inc Matfield Green, KS | General Fund | $650 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,408,863 | $175,527 | $119,310 | $110,860 | 6 | $110,860 | $167,974 | $136,397 |
| 2023 | $2,347,664 | $150,904 | $121,675 | $118,500 | 4 | $118,500 | $146,862 | $107,637 |
| 2022 | $2,309,620 | $55,720 | $91,450 | $90,750 | 2 | $90,750 | $85,216 | $108,493 |
| 2021 | $2,344,065 | $1,855,611 | $29,207 | $20,000 | 1 | $20,000 | $38,420 | $95,131 |
| 2020 | $518,536 | $500,036 | $1,500 | $1,500 | 1 | — | $36 | $3,030 |
Under IRS private-foundation payout rules, Banks Family Foundation Inc reported a distributable amount of $136K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Banks Family Foundation Inc is led by RoxAnn Banks Dicker, Director & President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
RoxAnn Banks Dicker
Director & President
On filings since 2020
1 hr/week
No compensation reported
Todd Banks
Director, Vice President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Banks Family Foundation Inc
How much does Banks Family Foundation Inc give each year?
Banks Family Foundation Inc gave $111K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $119K across 4 grants.
What is Banks Family Foundation Inc's typical grant size?
Banks Family Foundation Inc's median grant in 2024 was $7,000, and its average grant was $18,477, across 6 grants on its 2024 IRS Form 990-PF.
Where does Banks Family Foundation Inc give grants?
Banks Family Foundation Inc gives mostly in Arkansas: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Kansas (27%). The most frequent recipient cities were Wichita, KS (2 grants).
Does Banks Family Foundation Inc give general operating support?
Yes: 67% of Banks Family Foundation Inc's 2024 grants with a stated purpose (4 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Banks Family Foundation Inc's largest grantees?
Banks Family Foundation Inc's largest 2024 grantees include City of Eureka Springs ($81,210), Bartlett Arboretum Society ($12,000) and City of Gypsum Kansas ($9,000), according to its 2024 IRS Form 990-PF. Together they received 92% of its itemized 2024 grant dollars.
How large is Banks Family Foundation Inc?
Banks Family Foundation Inc reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $111K in qualifying distributions that year, against a required minimum of $136K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Banks Family Foundation Inc's EIN?
Banks Family Foundation Inc's EIN (Employer Identification Number) is 84-4032041. 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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Banks Family Foundation Inc funds
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