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 2025. In 2025, it awarded 3 grants totaling $13K. Net investment income was $499.
Francine and Richard Bank Foundation at a glance
In short: Francine and Richard Bank Foundation gave $13K across 3 grants in 2025 (avg $4K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $13,400
- +2877.8% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $4,467
- +2877.8% vs 2024
- Median grant
- $2,500
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Francine and Richard Bank Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Irish Heritage Theatre ($10K). Together the top 3 received $13K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Francine and Richard Bank Foundation gives
- Giving grew 3250% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $400 (2022) to $13K (2025). In 2025 it made 3 grants totaling $13K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Irish Heritage Theatre Philadelphia, PA | General Donation | $10,000 |
| Morris Animal Refuge Philadelphia, PA | General Donation | $2,500 |
| College Settlement Summer Camps Horsham, PA | General Donation | $900 |
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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 | — | $862 | $13,448 | $13,400 | 3 | $13,448 | $499 | $307 |
| 2024 | $12,757 | $497 | $628 | $450 | 3 | $507 | $497 | $621 |
| 2023 | $12,767 | $497 | $556 | $500 | 3 | $556 | $497 | $622 |
| 2022 | $12,776 | $423 | $406 | $400 | 2 | $406 | $423 | $623 |
| 2021 | $12,759 | $450 | $459 | $450 | 3 | — | $450 | $623 |
| 2020 | $12,768 | $450 | $459 | $450 | 3 | — | $450 | $1,249 |
Under IRS private-foundation payout rules, Francine and Richard Bank Foundation reported a distributable amount of $307 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Francine and Richard Bank Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
ARI Bank
Trustee
On filings since 2020
1 hr/week
No compensation reported
Cory Bank
Trustee
On filings since 2020
1 hr/week
No compensation reported
Francine Bank
Trustee
On filings since 2020
1 hr/week
No compensation reported
Richard D Bank
Trustee
On filings since 2020
1 hr/week
No compensation reported
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 Francine and Richard Bank Foundation
How much does Francine and Richard Bank Foundation give each year?
Francine and Richard Bank Foundation gave $13K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $450 across 3 grants.
What is Francine and Richard Bank Foundation's typical grant size?
Francine and Richard Bank Foundation's median grant in 2025 was $2,500, and its average grant was $4,467, across 3 grants on its 2025 IRS Form 990-PF.
Where does Francine and Richard Bank Foundation give grants?
Francine and Richard Bank Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (2 grants).
Does Francine and Richard Bank Foundation give general operating support?
Yes: 100% of Francine and Richard Bank Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
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 2025, Francine and Richard Bank Foundation reported a distributable amount of $307 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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS January 18, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS January 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 26, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 24, 2026)
- IRS filings on file for fiscal years 2020–2025
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Figures come from Francine and Richard Bank 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.
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