Diana E Banks Testamentary Trust
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 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it awarded 1 grant totaling $125K. Net investment income was $96K.
Key facts about Diana E Banks Testamentary Trust
In short: Diana E Banks Testamentary Trust gave $125K across 1 grant in 2025 (avg $125K), mostly in New York. Source: 2025 IRS Form 990-PF.
- EIN
- 87-6690328
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $124,601
- Grants made (2025)
- 1
- Average grant
- $124,601
- Median grant
- $124,601
- Total assets
- $2,419,128
- Primary geography
- New York (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$2.4M
-0.9% YoY
Annual Giving
$125K
+34.8% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$125K
+34.8% YoY
Under IRS private-foundation payout rules, Diana E Banks Testamentary Trust reported a distributable amount of $129K for 2025 — the minimum it must pay out in qualifying distributions.
How Diana E Banks Testamentary Trust gives
- In 2025 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2025, annual grant giving ranged from $51K (2023) to $125K (2025). In 2025 it made 1 grant totaling $125K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Saugerties Animal Welfare Fund Inc ($125K).
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $50–100K range: 2 grants of 3 (67%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Saugerties Animal Welfare Fund Inc Kingston, NY | Animal Shelter | $124,601 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,419,128 | $2,440,027 | $2,465,902 |
| Revenue | $137,409 | $98,059 | $438,703 |
| Expenses | $158,308 | $123,934 | $143,605 |
| Qualifying Distributions | $137,765 | $93,865 | $62,126 |
| Net Investment Income | $96,068 | $86,201 | $85,115 |
| Distributable Amount | $129,350 | $126,051 | $105,694 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 3, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 25, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 27, 2026)
- IRS filings on file for fiscal years 2022–2025
Leadership & Key People
Officers and directors from IRS filings
Diana E Banks Testamentary Trust is led by Howard Foster, Trustee on every filing since 2022 — the only officer listed, and compensated.
Officers on the 2025 filing
Howard Foster
Trustee
On filings since 2022
2 hrs/week
$10K (2023) → $12K (2025)
Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $12K, to Howard Foster (Trustee).
Frequently asked questions about Diana E Banks Testamentary Trust
How much does Diana E Banks Testamentary Trust give each year?
Diana E Banks Testamentary Trust gave $125K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $92K across 1 grant.
How large is Diana E Banks Testamentary Trust?
Diana E Banks Testamentary Trust reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $138K in qualifying distributions that year, against a required minimum of $129K (roughly 5% of its investment assets).
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 2025.
Where does Diana E Banks Testamentary Trust operate?
Diana E Banks Testamentary Trust has awarded grants in New York.
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 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Diana E Banks Testamentary Trust by hand.
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