Dion Banks Foundation
Dion Banks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Key West, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $4.0M in total assets. In 2025, it awarded 12 grants totaling $365K. Net investment income was $130K.
Key facts about Dion Banks Foundation
In short: Dion Banks Foundation gave $365K across 12 grants in 2025 (avg $30K), mostly in Florida. 8% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 46-4095157
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $365,149
- Grants made (2025)
- 12
- Average grant
- $30,429
- Median grant
- $22,500
- New grantees (estimate)
- 8% first-time grantees (1 of 12, 2025)
- Total assets
- $3,975,119
- Primary geography
- Florida (85% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.0M
-11.0% YoY
Annual Giving
$365K
+29.8% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$30K
+51.4% YoY
Under IRS private-foundation payout rules, Dion Banks Foundation reported a distributable amount of $365K for 2025 — the minimum it must pay out in qualifying distributions.
Is Dion Banks Foundation open to new grantees?
8%
first-time grantees, 2025
In 2025, 1 of 12 grantees (8%) were first-time recipients. First grants averaged $2K; repeat grants $33K. How we count
Medians: $2K first-time, $25K repeat.
- 92% of 2025 grantees were also funded in 2024. Method
- Giving grew 75% from 2022 to 2025. Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Autism Society of the Keys Tavernier, FL | Grant | $100,000 |
| Basilica School of Saint Mary Star of the Sea Key West, FL | General Operating | $60,000 |
| Florida Petroleum Marketers Scholarship Fund Inc Tallahassee, FL | Scholarships | $60,000 |
| Samuel's House Inc Key West, FL | General Operating | $50,000 |
| Children's Healthcare of Atlanta Atlanta, GA | General Operating | $25,000 |
| Williamstown Theatre Festival Williamstown, MA | General Operating | $25,000 |
| Habitat for Humanity Key West, FL | Affordable Housing | $20,000 |
| Wesley House Family Services Key West, FL | Grant | $10,000 |
| Womankind Key West, FL | Ultrasound Grant | $6,149 |
| VA Services of North Adams N Adams, MA | Underserved veteran services | $4,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,975,119 | $4,466,258 | $4,452,015 |
| Revenue | $312,331 | $369,774 | $182,544 |
| Expenses | $446,687 | $355,531 | $312,255 |
| Qualifying Distributions | $368,591 | $281,364 | $242,179 |
| Net Investment Income | $130,371 | $73,259 | $71,293 |
| Distributable Amount | $365,478 | $338,620 | $290,537 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 21, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 21, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Leadership & Key People
Officers and directors from IRS filings
Dion Banks Foundation is led by Suzanne Banks, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2025 filing
Suzanne Banks
Trustee
On filings since 2020
6 hrs/week
No compensation reported
Former officers (1)
- Former: Paul Rampell (2020–2024) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Dion Banks Foundation
How much does Dion Banks Foundation give each year?
Dion Banks Foundation gave $365K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $281K across 14 grants.
What is Dion Banks Foundation's typical grant size?
Dion Banks Foundation's median grant in 2025 was $22,500, and its average grant was $30,429, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Dion Banks Foundation that year got $2K on average.
Where does Dion Banks Foundation give grants?
Dion Banks Foundation gives mostly in Florida: 85% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (8%) and Georgia (7%). The most frequent recipient cities were Key West, FL (7 grants).
Does Dion Banks Foundation give general operating support?
Yes: 50% of Dion Banks Foundation's 2025 grants with a stated purpose (6 of 12) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Dion Banks Foundation's largest grantees?
Dion Banks Foundation's largest 2025 grantees include Autism Society of the Keys ($100,000), Basilica School of Saint Mary Star of the Sea ($60,000) and Florida Petroleum Marketers Scholarship Fund Inc ($60,000), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is Dion Banks Foundation?
Dion Banks Foundation reported $4.0M in total assets on its 2025 IRS Form 990-PF. It paid out $369K in qualifying distributions that year, against a required minimum of $365K (roughly 5% of its investment assets).
What is Dion Banks Foundation?
Dion Banks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Key West, FL. It holds $4.0M in total assets as of 2025.
What is Dion Banks Foundation's EIN?
Dion Banks Foundation's EIN (Employer Identification Number) is 46-4095157. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Dion Banks Foundation by hand.
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