Robert J and Jennifer J Banks Charitable

Private foundation · Grantmaker Wilmington, DE EIN: 20-6296856

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.

Research compiled by Grantable AI from public sources. Last updated September 2026.

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.

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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

9states

Share of 2025 grant dollars across all 10 itemized grants.

Cities

ClearwaterTampaLargoShrewsburySeminoleState CollegeBridgevilleTraverse CityOdessaPetoskeySt PetersburgWashingtonBay HarborBeaufortDetroitAlexandriaDallasEast JordanEllsworthGrosse Pt FRM

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M7 grants2019 20 grants2020 26 grants2021 23 grants2022 20 grants2023 10 grants2024 10 grants2025

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

Spring Lake Ranch Inc: $5.4M across 3 grantsSpring Lake Ranch Inc$5.4M · 3 grantsPennsylvania State University: $50KPennsylvania State University$50KMunson Medical Center: $20KMunson Medical Center$20KCommunity Dental Clinic Inc: $10KCommunity Dental Clinic Inc$10KOakhurst United Methodist Church: $5KOakhurst United MethodistChurch$5KOperation Healing Forces Inc: $1KOperation Healing Forces Inc$1KThe Salvation Army: $500The Salvation Army$500Leveen-Roach Scholarship Fund of Secession Golf CL: $200Leveen-Roach Scholarship Fundof Secession Golf CL$200

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

75<$50K6$50–100K5$100–250K1$250–500K1$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 75 grants of 89 (84%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Spring Lake Ranch Inc Shrewsbury, VTBanks' Expansion Project$4,520,025
Spring Lake Ranch Inc Shrewsbury, VTBanks' Expansion Project$861,660
Pennsylvania State University State College, PARobert J. and Jennifer J. Banks Scholarship Fund$50,000
Munson Medical Center Traverse City, MIGeneral & Unrestricted$20,000
Spring Lake Ranch Inc Shrewsbury, VTBanks' Expansion Project - Soft Costs$13,654
Community Dental Clinic Inc Clearwater, FLGeneral & Unrestricted$10,000
Oakhurst United Methodist Church Seminole, FLBaby Basics of Pinellas County$5,000
Operation Healing Forces Inc Tampa, FLGeneral & Unrestricted$1,000
The Salvation Army Clearwater, FLCharitable Event$500
Leveen-Roach Scholarship Fund of Secession Golf CL Beaufort, SCGeneral & 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.

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$8M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
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

  1. Added Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
  3. 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.

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