Banks Family Foundation Inc

Foundation · Grantmaker Bonner Springs, KS EIN: 84-4032041

Banks Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Key facts about Banks Family Foundation Inc

EIN: 84-4032041
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $110,860
Grants made (2024): 6
Average grant: $18,477
Median grant: $7,000
Total assets: $2,408,863
Primary geography: Arkansas (73% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Banks Family Foundation Inc funds

By grant dollars, the top recipient states for Banks Family Foundation Inc's 6 itemized 2024 grants were Arkansas (73%) and Kansas (27%). The most frequent recipient cities were Wichita, KS (2 grants). 67% of grants with a stated purpose were for general or operating support.

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.

Next steps with Banks Family Foundation Inc

How to evaluate Banks Family Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
Draft an LOI to Banks Family Foundation Inc with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.4M

+2.6% YoY

Annual Giving

$111K

-6.4% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$18K

-37.6% YoY

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.

About Banks Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Banks Family Foundation Inc?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Arkansas $81K (73%)

Kansas $30K (27%)

Share of all 6 itemized 2024 grant dollars.

States

Arkansas Connecticut Kansas

Cities

WichitaBelle PlainGypsumBelle PlaineEureka SspringsLawrenceMatfield GreenStamford

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,408,863	$2,347,664	$2,309,620
Revenue	$175,527	$150,904	$55,720
Expenses	$119,310	$121,675	$91,450
Qualifying Distributions	$110,860	$118,500	$90,750
Net Investment Income	$167,974	$146,862	$85,216
Distributable Amount	$136,397	$107,637	$108,493

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

14 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include City of Eureka Springs ($81,210), Bartlett Arboretum Society ($12,000), City of Gypsum Kansas ($9,000).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
RoxAnn Banks Dicker	Director & President	1	—
Todd Banks	Director & VP/Sec/Treas	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Banks Family Foundation Inc?

Banks Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Bonner Springs, KS. It holds $2.4M in total assets as of 2024.

How large is Banks Family Foundation Inc?

As of 2024, Banks Family Foundation Inc holds $2.4M in total assets with $176K in annual revenue. It awarded 6 grants totaling $111K in 2024.

Where does Banks Family Foundation Inc operate?

Banks Family Foundation Inc has awarded grants in Arkansas, Connecticut, Kansas.

What size grants does Banks Family Foundation Inc award?

In 2024, Banks Family Foundation Inc awarded 6 grants totaling $111K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is Banks Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Banks Family Foundation Inc reported a distributable amount of $136K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.