James P Banks Foundation
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.
Key facts about James P Banks Foundation
- EIN
- 47-5582111
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $206,000
- Grants made (2025)
- 6
- Average grant
- $34,333
- Median grant
- $20,000
- Total assets
- $40,949,325
- Primary geography
- Illinois (68% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated April 2026.
Who James P Banks Foundation funds
By grant dollars, the top recipient states for James P Banks Foundation's 6 itemized 2025 grants were Illinois (68%), Georgia (12%) and Nebraska (10%). None of its 6 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (5 grants).
How James P Banks Foundation gives
- Giving held roughly steady from 2022 to 2025 (+11%). Method
- In 2025 it paid out 27% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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
Under IRS private-foundation payout rules, James P Banks Foundation reported a distributable amount of $1.4M for 2025 — the minimum it must pay out in qualifying distributions.
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
Share of all 6 itemized 2025 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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
Among its reported 2025 grants, the largest recipients include James Banks Memorial Fund ($111,000), Elephants Rhinos & People ($25,000), One Tail at a Time ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| James Banks Memorial Fund WHEATON, IL | Charitable | $111,000 |
| Elephants Rhinos & People ATLANTA, GA | Charitable | $25,000 |
| One Tail at a Time CHICAGO, IL | Charitable | $20,000 |
| Harrison's Playmakers Elkhorn, NE | Charitable | $20,000 |
| JONATHANS PLACE OF SWFL INC Fort Myers, FL | SUPPORT | $20,000 |
| Thomas M Gilbert Memorial Foundation DOWNERS GROVE, IL | Charitable | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 IRS 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
Frequently Asked Questions
What is James P Banks Foundation?
James P Banks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $40.9M in total assets as of 2025.
How large is James P Banks Foundation?
As of 2025, James P Banks Foundation holds $40.9M in total assets with $37.7M in annual revenue. It awarded 6 grants totaling $206K in 2025.
Where does James P Banks Foundation operate?
James P Banks Foundation has awarded grants in California, Florida, Georgia, Illinois, Nebraska, Virginia, Washington.
What size grants does James P Banks Foundation award?
In 2025, James P Banks Foundation awarded 6 grants totaling $206K — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is James P Banks Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, James P Banks Foundation reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James P Banks Foundation's EIN?
James P Banks Foundation's EIN (Employer Identification Number) is 47-5582111. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in James P Banks Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.