Minbanc Foundation Inc
Minbanc Foundation Inc is a private foundation based in Washington, DC. Its website says it has supported professional opportunities in the minority banking community since 1999, primarily through educational grants for training.
Minbanc Foundation Inc at a glance
In short: Minbanc Foundation Inc gave $51K across 66 grants in 2021 (avg $770.348), top state Oklahoma. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $50,843
- +22.5% vs 2020
- Grants made (2021)
- 66
- +312.5% vs 2020
- Average grant
- $770
- -70.3% vs 2020
- Median grant
- $495
- Total assets
- $3,048,325
- +8.5% vs 2020
- Primary geography
- Oklahoma (27% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated October 2026.
How to apply to Minbanc Foundation Inc
- Review Cycle
- The 2021 filing said applications had to be submitted within 90 days of completing the course.
- Deadline
- The 2021 filing said applications had to be submitted within 90 days of completing the course.
- Contact
Application contact: Sara Reid
Mailing address: 1513 P Street Nw, Washington, DC 20005
Phone: (202) 246-9557
Website: https://www.minbanc.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Minbanc Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2021
The largest 2021 recipient was Donald Worley-Aitken ($5K). Together the top 10 received $25K.
Grant Size Distribution
82 grants across all recorded years
The most common grant size was under $50K: 82 grants of 82 (100%).
Geographic Focus
Where this funder awards grants
The 2021 grant dollars were distributed among recipients in multiple states. The largest shares went to Oklahoma (27%), Illinois (13%), Missouri (10%), Massachusetts (10%), and South Carolina (8%).
Grant Distribution by State
Share of 2021 grant dollars across all 66 itemized grants.
States
Cities
How Minbanc Foundation Inc gives
- 0% of 2021 grantees were also funded in 2020. Method
- In 2021 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $41K (2020) to $51K (2021). In 2021 it made 66 grants totaling $51K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Donald Worley-Aitken Edmond, OK | Graduate School of Banking - Year 1 | $4,675 |
| Jill Maple Calumet, OK | ABA Stonier School of Banking | $3,245 |
| Danielle Sisco Des Plaines, IL | ABA Bank Marketing School | $2,795 |
| Susan Hyde Columbia, SC | CPA Exam Review | $2,385 |
| Joseph Griffith Oklahoma City, OK | Certificate - Lending Compliance | $2,195 |
| Robert Peterkin Columbia, SC | Wiley CPA Review | $1,929 |
| Dan Hagedorn Chicago, IL | Regulatory Compliance Staff Training | $1,728 |
| Ingrid Nelson Durham, NC | NC School of Banking | $1,700 |
| Nicole Ramirez Las Vegas, NM | Credit Analysis Institute | $1,245 |
| Yvette Wiliiams Las Vegas, NM | Credit Analysis Institute | $1,245 |
Ready to take the next step with Minbanc Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2021 | $3,048,325 | $281,130 | $127,690 | $50,843 | 66 | $107,044 | $218,931 | $142,190 |
| 2020 | $2,808,420 | $161,896 | $137,009 | $41,498 | 16 | — | $75,741 | $119,569 |
Under IRS private-foundation payout rules, Minbanc Foundation Inc reported a distributable amount of $142K for 2021 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission is to increase access to financial services training in the minority community. It says it promotes diversity in bank ownership, workforce development in the banking industry, and access to specialized financial services education in underserved communities.
The foundation’s 2021 filing describes its direct charitable activity as providing training grants to employees of minority- and female-owned banks. Its website says it offers tuition reimbursement for high-level, bank-focused training to qualifying minority-owned banks. The filing’s eligibility criteria also refer to employees of minority- or women-owned banks.
Grantmaking
In 2021, the foundation reported 66 grants totaling $50,843. Grant amounts ranged from $50 to $4,675, with a median of $495. The largest grants supported training such as graduate banking school, bank marketing, CPA exam review, lending compliance, and regulatory compliance. In 2020, it reported 16 grants totaling $41,498. Its 2021 filing, the latest on this page, reports 66 grants totaling $50,843.
The 2021 filing’s application instructions said applicants had to be employees at the officer or management level of a minority- or women-owned bank and submit information about themselves and the course, seminar, or school. Awards were tuition reimbursement only, paid directly to the bank; travel expenses were excluded. Eligible coursework had to relate to financial-institution management or current banking-industry issues. General management courses and coursework related to a college or university degree did not qualify. The stated maximum was $5,000 per bank per calendar year. Because there are no filings after 2021, these instructions are historical and their current status is unconfirmed.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2021 filing listed Ignacio Urrabazo as chairman; Rod J Alba as treasurer; Sara Reid as executive director; and Robert Cooper, Kevin Toomey, and Nicole Elam as board members.
Minbanc Foundation Inc is led by Sara Reid, Executive Director on every filing since 2020; 1 of 6 officers listed in 2021 is compensated.
Officers on the 2021 filing
Sara Reid
Executive Director
On filings since 2020
10 hrs/week
$45K (2021)
Ignacio Urrabazo
Chairman
On filings since 2020
2 hrs/week
No compensation reported
Kevin Toomey
Board Member
On filings since 2020
0.3 hrs/week
No compensation reported
Robert Cooper
Board Member
On filings since 2020
0.3 hrs/week
No compensation reported
Rod J. Alba
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Nicole Elam
Board Member
New on the 2021 filing
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Kim Saunders (2020) — Board Member
Data from IRS Form 990 filings, 2020–2021. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2021 IRS filing
The highest reported compensation on the 2021 filing was $45K, to Sara Reid (Executive Director).
Frequently asked questions about Minbanc Foundation Inc
How much does Minbanc Foundation Inc give each year?
Minbanc Foundation Inc gave $51K across 66 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $41K across 16 grants.
What is Minbanc Foundation Inc's typical grant size?
Minbanc Foundation Inc's median grant in 2021 was $495, and its average grant was $770, across 66 grants on its 2021 IRS Form 990-PF.
Where does Minbanc Foundation Inc give grants?
Minbanc Foundation Inc's top state is Oklahoma, with 27% of the grant dollars itemized on its 2021 IRS Form 990-PF. The next largest states were Illinois (13%) and Missouri (10%). The most frequent recipient cities were Weir, KS (13 grants), Seneca, MO (9 grants), Edinburg, TX (7 grants) and Boston, MA (6 grants).
Does Minbanc Foundation Inc give general operating support?
Not in 2021: none of the 66 grants with a stated purpose on Minbanc Foundation Inc's 2021 IRS Form 990-PF were described as general or operating support. Recurring purposes include "CRA: an Overview" (6 grants), "Missouri Bankers Association Annual Convention" (6 grants) and "Acams 24TH Annual AML Conference" (4 grants).
Who are Minbanc Foundation Inc's largest grantees?
Minbanc Foundation Inc's largest 2021 grantees include Donald Worley-Aitken ($4,675), Jill Maple ($3,245) and Dan Hagedorn ($3,088 across 3 grants), according to its 2021 IRS Form 990-PF. Together they received 22% of its itemized 2021 grant dollars.
How large is Minbanc Foundation Inc?
Minbanc Foundation Inc reported $3.0M in total assets on its 2021 IRS Form 990-PF. It paid out $107K in qualifying distributions that year, against a required minimum of $142K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Minbanc Foundation Inc fund?
The foundation’s stated mission is to increase access to financial services training in the minority community. It says it promotes diversity in bank ownership, workforce development in the banking industry, and access to specialized financial services education in underserved communities. See mission & focus areas ↑
How do I apply for a grant from Minbanc Foundation Inc?
Minbanc Foundation Inc has no public application process in the sources Grantable reviewed. Check minbanc.org for current guidelines, or contact the foundation directly before submitting a request.
What is Minbanc Foundation Inc's EIN?
Minbanc Foundation Inc's EIN (Employer Identification Number) is 51-0386370. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
Other open foundation grants in District of Columbia
District of Columbia Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Minbanc Foundation Inc's focus areas in our free grants database
Similar Funders
Similar funders in District of Columbia
NCRC Community Development Fund Inc
Washington, DC
NCRC Community Development Fund supports affordable housing and homeownership, small businesses—especially minority-owned, women-owned, and low-income businesses—and certain nonprofit programs that provide capital or services to underserved communities. Its listed awards range from $5,000 to $50,000, though typical giving is not stated; it serves communities across the U.S., with some programs focused on Illinois. The profile does not state whether it accepts unsolicited requests.
Assets
$55.6M
Grants
2,666
Total Given
$149.3M
National Fish and Wildlife Foundation
Washington, DC
The National Fish and Wildlife Foundation makes competitive grants for science-based projects that conserve or restore fish, wildlife, plants, and habitats; it does not fund advocacy or litigation. Its 2025 grants had a median of about $106,500, and it supports projects across all 50 states and U.S. territories. Applications are competitive and program-specific; whether pre-proposals are required varies by program.
Assets
$3.6B
Grants
1,286
Total Given
$464.4M
Greater Washington Community Foundation
Washington, DC
The Greater Washington Community Foundation supports nonprofits working across areas such as economic opportunity, education, health, arts, and human services, with an emphasis on equity and economic justice. Its 2025 grants had a median of $20,000, and it generally funds organizations serving DC, Montgomery County, Prince George’s County, and specified Northern Virginia communities; it offers scheduled open competitive grant rounds as well as invite-only opportunities.
Assets
$518.3M
Grants
1,417
Total Given
$116.9M
Corporation for Public Broadcasting
Washington, DC
The Corporation for Public Broadcasting supported public radio and television stations, programming, infrastructure, and related services across the United States. Its 2026 grants had a median of $22,300, though awards ranged widely; CPB’s 2025 filing was marked as its final return, and the profile does not state whether it accepts unsolicited requests.
Assets
—
Grants
555
Total Given
$175.8M
AARP
Washington, DC
AARP funds nonprofits and other organizations working on aging-related issues, including caregiving, health, research, education, and community programs. Its 2024 grants had a median award of $15,000, with amounts ranging widely, and it supports work through offices across the states and territories; whether AARP accepts unsolicited requests is not stated.
Assets
$13.1B
Grants
688
Total Given
$35.8M
City First Enterprises Inc
Washington, DC
City First Enterprises supports affordable housing, small businesses, nonprofits, commercial real estate, clean energy, and homeownership through lending and some grant programs, primarily in the Washington, DC, Maryland, and Virginia region. Its typical grant size is not specified; one DC-administered program offers eligible businesses up to $500,000 in down-payment assistance. The profile does not state whether it accepts unsolicited requests.
Assets
$86.3M
Grants
2
Total Given
$769K
More similar funders
More Funders in District of Columbia
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Minbanc Foundation Inc'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.
Minbanc Foundation Inc down — hundreds of funders to go?