Banks Family Foundation Inc
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.
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
6
+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
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.
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 | 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 |
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 include City of Eureka Springs ($81,210), Bartlett Arboretum Society ($12,000), City of Gypsum Kansas ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Wichita Art Museum Wichita, KS | General Fund | $5,000 |
| Club Parkinson's of Kansas Wichita, KS | General Fund | $3,000 |
| 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 |
| School for Rural Culture and Creativity Inc Matfield Green, KS | General Fund | $650 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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.
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.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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