Minbanc Foundation Inc
Minbanc Foundation Inc is a private foundation, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $3.0M in total assets. In 2021, it awarded 66 grants totaling $51K. Net investment income was $219K.
Financial Overview
From 2021 IRS Form 990-PF · View filing
Total Assets
$3.0M
+8.5% YoY
Annual Giving
$51K
+22.5% YoY
Grant Count
66
+312.5% YoY
Avg Grant Size
$770.348
-70.3% YoY
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.
About Minbanc Foundation Inc
Based on IRS filings
Minbanc Foundation Inc is a private foundation, based in WASHINGTON, DC. IRS filing data is available from 2020 through 2021. As of 2021, the organization holds $3.0M in total assets. In 2021, it awarded 66 grants totaling $51K. Net investment income was $219K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2021 | 2020 |
|---|---|---|
| Total Assets | $3,048,325 | $2,808,420 |
| Revenue | $281,130 | $161,896 |
| Expenses | $127,690 | $137,009 |
| Qualifying Distributions | $107,044 | — |
| Net Investment Income | $218,931 | $75,741 |
| Distributable Amount | $142,190 | $119,569 |
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 2021
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2021 grants, the largest include Donald Worley-aitken ($4,675), Jill Maple ($3,245), Danielle Sisco ($2,795).
| Recipient | Purpose | Amount |
|---|---|---|
| ADALIA MORENA EDINBURG, TX | HUMAN RESOURCES LAW FROM START TO FINISH | $359 |
| ALAN DEINES WEIR, KS | ACAMS 24TH ANNUAL AML CONFERENCE | $495 |
| AMANDA FENG BOSTON, MA | CRA: AN OVERVIEW | $344 |
| ANDY PRESCOTT WEIR, KS | CYBER-ATTACKS AGAINST PAYMENT SYSTEMS PROGRAM | $175 |
| BRYAN LUKE HONOLULU, HI | ABA ANNUAL CONVENTION | $495 |
| CERRIE BURGI SENECA, MO | MISSOURI BANKERS ASSOCIATION ANNUAL CONVENTION | $600 |
| CHIRSTOPHER DAMASKA OKLAHOMA CITY, OK | 2021 CYBERSECURITY SEMINAR | $270 |
| CINDY SIMS CALUMET, OK | 2021 LOAN ASSISTANTS & PROCESSOR WORKSHOP | $285 |
| DAN HAGEDORN CHICAGO, IL | TOTAL TRID TRAINING | $1,065 |
| DAN HAGEDORN CHICAGO, IL | REGULATORY COMPLIANCE STAFF TRAINING | $1,728 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2021 IRS filing
From 2021 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| IGNACIO URRABAZO | CHAIRMAN | 2 | — |
| ROBERT COOPER | BOARD MEMBER | 0.25 | — |
| KEVIN TOOMEY | BOARD MEMBER | 0.25 | — |
| ROD J ALBA | TREASURER | 2 | — |
| NICOLE ELAM | BOARD MEMBER | 0.25 | — |
| SARA REID | EXECUTIVE DIRECTOR | 10 | $45,000 |
Frequently Asked Questions
How large is Minbanc Foundation Inc?
As of 2021, Minbanc Foundation Inc holds $3.0M in total assets with $281K in annual revenue. It awarded 66 grants totaling $51K in 2021.
Where does Minbanc Foundation Inc operate?
Minbanc Foundation Inc has awarded grants in California, Georgia, Hawaii, Illinois, Kansas, Massachusetts, Maryland, Michigan, Missouri, North Carolina, New Mexico, New York, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas.
What size grants does Minbanc Foundation Inc award?
In 2021, Minbanc Foundation Inc awarded 66 grants totaling $51K — an average of about $770.348 per grant, based on its IRS Form 990 filings.
How much is Minbanc Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, Minbanc Foundation Inc reported a distributable amount of $142K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Minbanc Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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