Helen S and Merrill L Bank Foundation
The Helen S and Merrill L Bank Foundation is a private foundation based in Palm Beach, Florida. Established in 1969, it operates as a 501(c)(3) exempt private foundation with no employees.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$4.5M
-3.7% YoY
Annual Giving
$577K
+234.1% YoY
Grant Count
42
+61.5% YoY
Avg Grant Size
$14K
+106.8% YoY
Mission & Focus Areas
The foundation primarily funds education, philanthropy, voluntarism and grantmaking, and human services. It also supports arts, creative writing, historic buildings, and journalism initiatives.
Grantmaking
The foundation made 29 grants in the most recent fiscal year (ending June 2025) for a total of $577,090 in charitable distributions.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Maryland, Florida, and Colorado.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of June 2025:
- Total Assets: $4,460,722
- Total Giving: $577,090
- Total Revenues: $501,780
- Total Expenses: $668,442
Revenue Sources (FY 2025):
- Investment income and dividends: $166,749
- Net gain from sale of non-inventory assets: $335,031
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,460,722 | $4,632,090 | $4,404,920 |
| Revenue | $501,780 | $486,382 | $205,568 |
| Expenses | $668,442 | $251,225 | $351,199 |
| Qualifying Distributions | $668,442 | $251,225 | $344,738 |
| Net Investment Income | $501,780 | $486,382 | $199,107 |
| Distributable Amount | $482,333 | $418,851 | $377,463 |
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
140 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Penny Bank | Trustee | 0.5 | $12,000 |
| Herbert M Bank | Trustee | 0.5 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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