Banks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORDOVA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $670K in total assets. In 2024, it awarded 1 grants totaling $75K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$670K
+12.6% YoY
Annual Giving
$75K
+15.4% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$75K
+15.4% YoY
About Banks Foundation
Based on IRS filings
Banks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORDOVA, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $670K in total assets. In 2024, it awarded 1 grants totaling $75K.
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 | $670,035 | $595,035 | $530,035 |
| Revenue | $75,000 | $65,000 | $65,000 |
| Expenses | $4,000 | $3,500 | $3,300 |
| Qualifying Distributions | $4,000 | $3,500 | $3,300 |
| Net Investment Income | — | — | — |
| Distributable Amount | $32,999 | $26,104 | $23,066 |
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 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JORDAN D BANKS | Secretary Trustee | — | — |
| JERRY M BANKS | Executive Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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