Dion Banks Foundation
The Dion Banks Foundation is a private foundation based in Key West, Florida. Its 2025 filing lists grants to charitable organizations, including organizations serving people in the Florida Keys and grants to recipients in Georgia and Massachusetts.
Dion Banks Foundation at a glance
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.
- Annual giving (2025)
- $365,149
- +29.8% vs 2024
- Grants made (2025)
- 12
- -14.3% vs 2024
- Average grant
- $30,429
- +51.4% vs 2024
- Median grant
- $22,500
- Total assets
- $3,975,119
- -11.0% vs 2024
- New grantees (estimate)
- 8% first-time grantees (1 of 12, 2025; small sample)
- Primary geography
- Florida (85% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Dion Banks Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests and states that it makes contributions only to preselected charitable organizations. Its filing says written requests should specify the use of funds and include a copy of the organization’s EIN, exemption letter, and Form 990. Submission deadlines are not required. Recipients must provide periodic accounting showing that funds were spent for the approved purposes.
- Contact
Application contact: Suzanne D Banks
Mailing address: 2226 Harris Ave Ste B, Key West, FL 33040
Phone: (305) 602-7707
Email: sbanks@dionfoundation.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Dion Banks Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Autism Society of the Keys ($100K). Together the top 10 received $360K.
Grant Size Distribution
60 grants across all recorded years
The most common grant size was under $50K: 52 grants of 60 (87%).
Geographic Focus
Where this funder awards grants
In 2025, 85% of grant dollars went to recipients in Florida, 8% to Massachusetts, and 7% to Georgia. These figures describe the locations of that year’s grant recipients.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
Cities
Is Dion Banks Foundation open to new grantees?
8%
first-time grantees, 2025
In 2025, 1 of 12 grantees (8%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $209K (2022) to $365K (2025). In 2025 it made 12 grants totaling $365K.
Grants by year
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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,975,119 | $312,331 | $446,687 | $365,149 | 12 | $368,591 | $130,371 | $365,478 |
| 2024 | $4,466,258 | $369,774 | $355,531 | $281,364 | 14 | $281,364 | $73,259 | $338,620 |
| 2023 | $4,452,015 | $182,544 | $312,255 | $242,179 | 12 | $242,179 | $71,293 | $290,537 |
| 2022 | $4,580,415 | $247,053 | $276,545 | $208,500 | 10 | $208,500 | $185,122 | $293,230 |
| 2021 | $4,609,907 | $136,025 | $279,895 | $211,159 | 12 | $211,159 | $72,905 | $319,766 |
| 2020 | $4,753,777 | $137,923 | $290,562 | $229,300 | 8 | — | $82,042 | $258,436 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing does not state a mission. Its 2025 grants included support for housing, healthcare, children and families, scholarships, affordable housing, veterans’ services, and general operations. These examples describe the grants and recipients, not a stated mission of the foundation.
Among the supported organizations, Samuel’s House says its mission is to provide housing and care coordination for homeless women, families, and men with children. Children’s Healthcare of Atlanta says its mission is “to make kids better today and healthier tomorrow.” Wesley House Family Services describes its mission as promoting and enhancing the safety, well-being, and development of children. Womankind describes itself as a medical and wellness center providing family planning and primary healthcare to people of all income levels.
Grantmaking
In 2025, the foundation gave $365,149 across 12 grants. Grant amounts ranged from $2,000 to $100,000, with a median of $22,500. The largest grants included $100,000 to Autism Society of the Keys; $60,000 each to Basilica School of Saint Mary Star of the Sea and Florida Petroleum Marketers Scholarship Fund; and $50,000 to Samuel’s House. Other notable grants were $25,000 each to Children’s Healthcare of Atlanta and Williamstown Theatre Festival, and $20,000 to Habitat for Humanity in Key West.
Leadership & Key People
Leadership team and compensation from IRS filings
Suzanne Banks is listed as a trustee on the 2025 filing.
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 does Dion Banks Foundation fund?
The foundation’s filing does not state a mission. Its 2025 grants included support for housing, healthcare, children and families, scholarships, affordable housing, veterans’ services, and general operations. These examples describe the grants and recipients, not a stated mission of the foundation. See mission & focus areas ↑
How do I apply for a grant from Dion Banks Foundation?
The foundation does not accept unsolicited requests and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Dion Banks Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
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)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
Live grants for the work Dion Banks Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Dion Banks Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Dion Banks Foundation funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/dion-banks-foundation-morg_3fda31ebf6514276a7fe4776cb8829a7
BibTeX
@misc{grantable_464095157_2026,
author = {{Grantable}},
title = {{Dion Banks Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/dion-banks-foundation-morg_3fda31ebf6514276a7fe4776cb8829a7},
note = {Accessed 2026-10-20. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Dion Banks Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Dion Banks Foundation down — hundreds of funders to go?