James P Banks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $40.9M in total assets. In 2025, it awarded 6 grants totaling $206K. Net investment income was $822K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$40.9M
+980.9% YoY
Annual Giving
$206K
+32.9% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$34K
+55.1% YoY
About James P Banks Foundation
Based on IRS filings
James P Banks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $40.9M in total assets. In 2025, it awarded 6 grants totaling $206K. Net investment income was $822K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $40,949,325 | $3,788,555 | $3,876,936 |
| Revenue | $37,679,459 | $458,737 | $715,290 |
| Expenses | $513,461 | $278,069 | $271,350 |
| Qualifying Distributions | $361,095 | $155,000 | $155,000 |
| Net Investment Income | $822,499 | $132,752 | $393,445 |
| Distributable Amount | $1,353,261 | $208,174 | $185,201 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
Grant Size Distribution
35 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 |
|---|---|---|---|
| JOSEPH A O'BRIEN | PRESIDENT | 1 | — |
| JUSTIN TERZO | TREASURER | 10 | $46,875 |
| WENDY A O'BRIEN | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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