Robert J and Jennifer J Banks Charitable
Robert J and Jennifer J Banks Charitable is a private foundation based in Wilmington, Delaware. It makes charitable contributions to preselected organizations and, according to its stated policy, does not accept unsolicited requests for funds.
Key facts about Robert J and Jennifer J Banks Charitable
In short: Robert J and Jennifer J Banks Charitable gave $5.5M across 10 grants in 2025 (avg $548K), mostly in Vermont. Source: 2025 IRS Form 990-PF.
- EIN
- 20-6296856
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $5,482,039
- Grants made (2025)
- 10
- Average grant
- $548,204
- Median grant
- $11,827
- Total assets
- $8,522,456
- Primary geography
- Vermont (98% of itemized 2025 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2025; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$8.5M
-24.3% YoY
Annual Giving
$5.5M
+806.9% YoY
Grant Count
10
+0.0% YoY
Avg Grant Size
$548K
+806.9% YoY
Under IRS private-foundation payout rules, Robert J and Jennifer J Banks Charitable reported a distributable amount of $702K for 2025 — the minimum it must pay out in qualifying distributions.
How Robert J and Jennifer J Banks Charitable gives
- Giving grew 823% from 2022 to 2025. Method
- In 2025 it paid out 790% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its grants show support for a range of charitable organizations and purposes. Spring Lake Ranch describes its work as supporting and empowering people with mental health and substance abuse issues through shared experience, meaningful work, and participation in an accepting and diverse community. Other supported organizations include a clinic whose stated mission is to provide low-income uninsured families access to medical care, and a scholarship fund.
Grantmaking
In filing year 2025, the foundation reported 10 grants totaling $5,482,039. Grants ranged from $200 to $4,520,025, with a median of $11,827. The largest awards included $4,520,025 and $861,660 to Spring Lake Ranch for its “Banks’ Expansion Project,” and $50,000 to Pennsylvania State University for the Robert J. and Jennifer J. Banks Scholarship Fund. Other 2025 grants included $20,000 to Munson Medical Center for general and unrestricted purposes and $10,000 to Community Dental Clinic for general and unrestricted purposes.
In filing year 2024, the foundation reported 10 grants totaling $604,454. Listed grants to Spring Lake Ranch included $418,026 and $114,228. In filing year 2023, it reported 20 grants totaling $456,000. Its 2025 filing, the latest on this page, reports 10 grants totaling $5.5 million.
How to Apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
Ready to take the next step with Robert J and Jennifer J Banks Charitable?
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were concentrated in Vermont, which accounted for 98% of the total. Pennsylvania accounted for 1%; Michigan, Florida, and South Carolina each accounted for 0% as reported. The 2025 grants included recipients in Vermont, Pennsylvania, Michigan, Florida, and South Carolina. In 2024, listed grantees included organizations in Vermont, Florida, and Texas.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $292K (2019) to $5.5M (2025). In 2025 it made 10 grants totaling $5.5M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Spring Lake Ranch Inc ($5.4M across 3 grants). Together the top 8 received $5.5M.
Grant Size Distribution
89 grants across all recorded years
The most common grant size was under $50K: 75 grants of 89 (84%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Spring Lake Ranch Inc Shrewsbury, VT | Banks' Expansion Project | $4,520,025 |
| Spring Lake Ranch Inc Shrewsbury, VT | Banks' Expansion Project | $861,660 |
| Pennsylvania State University State College, PA | Robert J. and Jennifer J. Banks Scholarship Fund | $50,000 |
| Munson Medical Center Traverse City, MI | General & Unrestricted | $20,000 |
| Spring Lake Ranch Inc Shrewsbury, VT | Banks' Expansion Project - Soft Costs | $13,654 |
| Community Dental Clinic Inc Clearwater, FL | General & Unrestricted | $10,000 |
| Oakhurst United Methodist Church Seminole, FL | Baby Basics of Pinellas County | $5,000 |
| Operation Healing Forces Inc Tampa, FL | General & Unrestricted | $1,000 |
| The Salvation Army Clearwater, FL | Charitable Event | $500 |
| Leveen-Roach Scholarship Fund of Secession Golf CL Beaufort, SC | General & Unrestricted | $200 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2025 | $8,522,456 | $2,920,361 | $5,655,582 | $5,482,039 | 10 |
| 2024 | $11,257,677 | $963,698 | $774,005 | $604,454 | 10 |
| 2023 | $11,067,984 | $1,358,816 | $604,007 | $456,000 | 20 |
The foundation stated that it has no plans for dissolution. It reported that 2025 distributions from sources other than current income totaled $4,890,308, an amount equal to at least 25% of its net assets of $16,528,225 at the beginning of that taxable year, measured at fair market value. The filing described these distributions as resulting in a substantial contraction of assets.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $8,522,456 | $11,257,677 | $11,067,984 |
| Revenue | $2,920,361 | $963,698 | $1,358,816 |
| Expenses | $5,655,582 | $774,005 | $604,007 |
| Qualifying Distributions | $5,542,378 | $662,684 | $514,106 |
| Net Investment Income | $2,242,990 | $356,341 | $269,572 |
| Distributable Amount | $701,744 | $726,722 | $534,427 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jennifer J Banks, Robert J Banks, Kimberly Banks Ritter, and Joseph Ritter as trustees.
Robert J and Jennifer J Banks Charitable's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jennifer J Banks
Trustee
On filings since 2019
1 hr/week
No compensation reported
Kimberly Banks Ritter
Trustee
On filings since 2019
1 hr/week
No compensation reported
Robert J Banks
Trustee
On filings since 2019
1 hr/week
No compensation reported
Joseph Ritter
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: Foundation Source 501 Silverside Rd, Wilmington, DE 19809-1377
Phone: (800) 839-1754
Frequently asked questions about Robert J and Jennifer J Banks Charitable
How much does Robert J and Jennifer J Banks Charitable give each year?
Robert J and Jennifer J Banks Charitable gave $5.5M across 10 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $604K across 10 grants.
What is Robert J and Jennifer J Banks Charitable's typical grant size?
Robert J and Jennifer J Banks Charitable's median grant in 2025 was $11,827, and its average grant was $548,204, across 10 grants on its 2025 IRS Form 990-PF.
Where does Robert J and Jennifer J Banks Charitable give grants?
Robert J and Jennifer J Banks Charitable gives mostly in Vermont: 98% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Shrewsbury, VT (3 grants) and Clearwater, FL (2 grants).
Does Robert J and Jennifer J Banks Charitable give general operating support?
Yes: 40% of Robert J and Jennifer J Banks Charitable's 2025 grants with a stated purpose (4 of 10) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Robert J and Jennifer J Banks Charitable's largest grantees?
Robert J and Jennifer J Banks Charitable's largest 2025 grantees include Spring Lake Ranch Inc ($5,395,339 across 3 grants), Pennsylvania State University ($50,000) and Munson Medical Center ($20,000), according to its 2025 IRS Form 990-PF.
How large is Robert J and Jennifer J Banks Charitable?
Robert J and Jennifer J Banks Charitable reported $8.5M in total assets on its 2025 IRS Form 990-PF. It paid out $5.5M in qualifying distributions that year, against a required minimum of $702K (roughly 5% of its investment assets).
What does Robert J and Jennifer J Banks Charitable fund?
No mission statement for the foundation is provided. Its grants show support for a range of charitable organizations and purposes. See mission & focus areas ↑
How do I apply for a grant from Robert J and Jennifer J Banks Charitable?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Robert J and Jennifer J Banks Charitable's EIN?
Robert J and Jennifer J Banks Charitable's EIN (Employer Identification Number) is 20-6296856. IRS Form 990 filing data is available on this page for 2019–2025.
Does Robert J and Jennifer J Banks Charitable accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Robert J and Jennifer J Banks Charitable by hand.
Explore Open Grants
Browse active grant opportunities in Robert J and Jennifer J Banks Charitable's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Delaware
Community Foundation of Tampa Bay Inc
Tampa, FL
The Community Foundation of Tampa Bay funds nonprofits through competitive grants and other programs focused on economic opportunity, environmental resilience, health and wellbeing, education, and vibrant communities. Its typical grant is about $25,000, and it serves Hillsborough, Pinellas, Pasco, Hernando, and Citrus counties. It accepts applications through its competitive grants process and rolling Critical Needs List.
Assets
$1.0B
Grants
698
Total Given
$54.3M
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
Community Foundation for Southeast Michigan
Detroit, MI
The Community Foundation for Southeast Michigan funds nonprofits working in economic opportunity, health equity, youth and education, arts and culture, and public space and the environment across seven southeast Michigan counties. Its 2024 grants had a median of $25,000, though awards varied widely; organizations begin with a brief proposal, and selected applicants are invited to submit a full application.
Assets
$1.2B
Grants
938
Total Given
$105.1M
WK Kellogg Foundation
Battle Creek, MI
The W.K. Kellogg Foundation funds work to help children, families, and communities thrive, including early education, health equity, food systems, family economic well-being, and racial equity. In 2025, its grants ranged from $50 to nearly $5 million, with a median of $100,000; it funds across the United States, with long-term commitments in several states and communities, as well as parts of Mexico and Haiti. It accepts unsolicited proposals online at any time.
Assets
$481.0M
Grants
1,818
Total Given
$303.9M
American Electric Power Foundation
Wilmington, DE
The American Electric Power Foundation funds education, especially STEM, basic human services, social justice, and environmental protection, primarily for organizations in AEP’s service territory or with broader beneficial impact. Its 2025 grants ranged from $500 to $1,428,570, with a median of $10,000. It does not accept unsolicited requests; eligible organizations need an invitation from their local AEP Operating Company.
Assets
$43.6M
Grants
753
Total Given
$23.0M
Puget Sound Energy Foundation
Wilmington, DE
The Puget Sound Energy Foundation funds nonprofits serving communities where PSE has a service or generation presence, primarily in Washington, across household needs, education and workforce pathways, climate resilience, and community safety. Grants vary widely; in 2024 they ranged from $13 to $100,000, with a $500 median, while its 2026 disaster-focused competitive program offers up to $15,000. It generally does not accept unsolicited requests, but eligible local nonprofits can apply through that competitive program.
Assets
$19.6M
Grants
451
Total Given
$1.2M
First Eagle Investments Foundation
Wilmington, DE
Assets
$747K
Grants
389
Total Given
$1.2M
Hagerty Drivers Foundation
Wilmington, DE
Assets
$193K
Grants
330
Total Given
$192K
McNabb Foundation
Wilmington, DE
The McNabb Foundation’s website describes support for behavioral health and social services in East Tennessee, while its 2024 grants went to organizations with varied missions, mostly in California. Grants ranged from $500 to $5,000, with a median of $1,000. It does not accept unsolicited requests and gives only to preselected charitable organizations.
Assets
$4.8M
Grants
328
Total Given
$358K
Raskob Foundation for Catholic
Wilmington, DE
The Raskob Foundation for Catholic Activities funds Catholic entities across a wide range of projects, including education, hunger relief, emergency aid, and social services, in the United States and internationally. Its 2024 grants ranged from $250 to $100,000, with a median of $18,000. The profile does not state whether it accepts unsolicited requests.
Assets
$208.0M
Grants
325
Total Given
$6.2M
Delaware Community Foundation Inc
Wilmington, DE
Delaware Community Foundation supports nonprofits and students addressing community needs in Delaware, including community-impact projects, capital improvements, and scholarships. Its 2025 itemized grants had a median of $21,500, though awards varied widely. Applicants are directed to apply through the relevant program’s online portal; whether unsolicited requests are accepted is not stated.
Assets
$392.5M
Grants
323
Total Given
$20.4M
WSFS Cares Foundation
Wilmington, DE
The WSFS CARES Foundation funds qualified nonprofits working in community investment, affordable housing, neighborhood revitalization and economic empowerment, education and leadership, and services for people in need. It gives in Delaware, Pennsylvania, and New Jersey; 2024 awards ranged from $1,000 to $100,000, with a median of $5,000. It accepts requests through its grant and sponsorship portal; the 2024 filing says there is no prescribed application form or required materials.
Assets
$12.3M
Grants
323
Total Given
$2.7M
More Funders in Delaware
Robert J and Jennifer J Banks Charitable down — hundreds of funders to go?