Francine and Richard Bank Foundation
Francine and Richard Bank Foundation is a private foundation, based in DRESHER, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13K in total assets. In 2024, it awarded 3 grants totaling $450. Net investment income was $497.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13K
-0.1% YoY
Annual Giving
$450
-10.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$150
-10.0% YoY
Under IRS private-foundation payout rules, Francine and Richard Bank Foundation reported a distributable amount of $621 for 2024 — the minimum it must pay out in qualifying distributions.
About Francine and Richard Bank Foundation
Based on IRS filings
Francine and Richard Bank Foundation is a private foundation, based in DRESHER, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13K in total assets. In 2024, it awarded 3 grants totaling $450. Net investment income was $497.
Ready to take the next step with Francine and Richard Bank Foundation?
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 | $12,757 | $12,767 | $12,776 |
| Revenue | $497 | $497 | $423 |
| Expenses | $628 | $556 | $406 |
| Qualifying Distributions | $507 | $556 | $406 |
| Net Investment Income | $497 | $497 | $423 |
| Distributable Amount | $621 | $622 | $623 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Morris Animal Refuge ($200), The Royal Music Arts Center ($200), Montgomery County Spca ($50).
| Recipient | Purpose | Amount |
|---|---|---|
| MONTGOMERY COUNTY SPCA CONSHOHOCKEN, PA | GENERAL DONATION | $50 |
| MORRIS ANIMAL REFUGE PHILADELPHIA, PA | GENERAL DONATION | $200 |
| THE ROYAL MUSIC ARTS CENTER GLENSIDE, PA | GENERAL DONATION | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD D BANK | TRUSTEE | 1 | — |
| FRANCINE BANK | TRUSTEE | 1 | — |
| CORY BANK | TRUSTEE | 1 | — |
| ARI BANK | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is Francine and Richard Bank Foundation?
As of 2024, Francine and Richard Bank Foundation holds $13K in total assets with $497 in annual revenue. It awarded 3 grants totaling $450 in 2024.
Where does Francine and Richard Bank Foundation operate?
Francine and Richard Bank Foundation has awarded grants in New York, Pennsylvania.
What size grants does Francine and Richard Bank Foundation award?
In 2024, Francine and Richard Bank Foundation awarded 3 grants totaling $450 — an average of about $150 per grant, based on its IRS Form 990 filings.
How much is Francine and Richard Bank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Francine and Richard Bank Foundation reported a distributable amount of $621 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Francine and Richard Bank Foundation's EIN?
Francine and Richard Bank Foundation's EIN (Employer Identification Number) is 23-2374806. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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