Diana E Banks Testamentary Trust is a private foundation focused on N/A, based in NEW PALTZ, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 1 grants totaling $92K. Net investment income was $86K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-1.0% YoY
Annual Giving
$92K
+82.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$92K
+82.5% YoY
Under IRS private-foundation payout rules, Diana E Banks Testamentary Trust reported a distributable amount of $126K for 2024 — the minimum it must pay out in qualifying distributions.
About Diana E Banks Testamentary Trust
Based on IRS filings
Diana E Banks Testamentary Trust is a private foundation focused on N/A, based in NEW PALTZ, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 1 grants totaling $92K. Net investment income was $86K.
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 | $2,440,027 | $2,465,902 | $2,112,109 |
| Revenue | $98,059 | $438,703 | $2,119,016 |
| Expenses | $123,934 | $143,605 | $6,907 |
| Qualifying Distributions | $93,865 | $62,126 | $1,800 |
| Net Investment Income | $86,201 | $85,115 | $230,186 |
| Distributable Amount | $126,051 | $105,694 | $50,647 |
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
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Saugerties Animal Welfare Fund Inc ($92,415).
| Recipient | Purpose | Amount |
|---|---|---|
| SAUGERTIES ANIMAL WELFARE FUND INC KINGSTON, NY | ANIMAL SHELTER | $92,415 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HOWARD FOSTER | TRUSTEE | 2 | $11,486 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Diana E Banks Testamentary Trust?
Diana E Banks Testamentary Trust is a private foundation focused on N/A, based in NEW PALTZ, NY. It holds $2.4M in total assets as of 2024.
How large is Diana E Banks Testamentary Trust?
As of 2024, Diana E Banks Testamentary Trust holds $2.4M in total assets with $98K in annual revenue. It awarded 1 grants totaling $92K in 2024.
Where does Diana E Banks Testamentary Trust operate?
Diana E Banks Testamentary Trust has awarded grants in New York.
What size grants does Diana E Banks Testamentary Trust award?
In 2024, Diana E Banks Testamentary Trust awarded 1 grants totaling $92K — an average of about $92K per grant, based on its IRS Form 990 filings.
How much is Diana E Banks Testamentary Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Diana E Banks Testamentary Trust reported a distributable amount of $126K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Diana E Banks Testamentary Trust's EIN?
Diana E Banks Testamentary Trust's EIN (Employer Identification Number) is 87-6690328. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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