Robert R Banks Foundation Inc
Robert R Banks Foundation Inc is a private foundation based in Reno, Nevada. Its 2026 filing reports 10 grants totaling $165,000, all to recipients in Nevada; most were designated for youth services.
Robert R Banks Foundation Inc at a glance
In short: Robert R Banks Foundation Inc gave $165K across 10 grants in 2026 (avg $17K), mostly in Nevada. 20% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $165,000
- +23.1% vs 2025
- Grants made (2026)
- 10
- +0.0% vs 2025
- Average grant
- $16,500
- +23.1% vs 2025
- Median grant
- $15,000
- Total assets
- $3,918,797
- +5.6% vs 2025
- New grantees (estimate)
- 20% first-time grantees (2 of 10, 2026; small sample)
- Primary geography
- Nevada (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Robert R Banks Foundation Inc
- How to Apply
The 2025 filing lists Steve Petersen as the contact and requests a current IRS Form 990, the most recent financial statements (audited preferred but not required), an IRS determination letter, a program narrative, and…
The 2025 filing lists Steve Petersen as the contact and requests a current IRS Form 990, the most recent financial statements (audited preferred but not required), an IRS determination letter, a program narrative, and a grant application. Applications must be from 501(c)(3) charitable organizations benefiting children. The filing states that applications are accepted throughout the year.
- Review Cycle
- Applications are accepted throughout the year, according to the 2025 filing.
- Deadline
- Applications are accepted throughout the year, according to the 2025 filing.
- Contact
Application contact: Steve Petersen
Mailing address: 6490 S Mccarran Blvd Bldg C-20, Reno, NV 89509
Phone: (775) 322-0673
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Robert R Banks Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was Boys and Girls Club of Truckee Meadows ($50K). Together the top 10 received $165K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 55 grants of 56 (98%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for filing year 2026 went to recipients in Nevada. The listed recipients were located in Reno, Gardnerville, and Yerington, Nevada.
Grant Distribution by State
Share of 2026 grant dollars across all 10 itemized grants.
States
Cities
Is Robert R Banks Foundation Inc open to new grantees?
20%
first-time grantees, 2026
In 2026, 2 of 10 grantees (20%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $15K; repeat grants $17K. How we count
Medians: $15K first-time, $13K repeat.
- 60% of 2026 grantees were also funded in 2025. Method
- Giving held roughly steady from 2023 to 2026 (−7%). Method
- In 2026 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2026). 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 2021 to 2026, annual grant giving ranged from $134K (2025) to $178K (2023). In 2026 it made 10 grants totaling $165K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys and Girls Club of Truckee Meadows Reno, NV | Youth Services | $50,000 |
| Boys and Girls Club of Mason Valley Yerington, NV | Youth Services | $20,000 |
| Mefiyi Foundation Gardnerville, NV | Youth Services | $15,000 |
| Northern Nevada Childrens Cancer Foundation Reno, NV | Youth Services | $15,000 |
| Moms on the Run Reno, NV | Youth Services | $15,000 |
| The 1701 Group Reno, NV | Youth Services | $15,000 |
| Care Chest of Sierra Nevada Reno, NV | General Support | $10,000 |
| The Childrens' Cabinet Reno, NV | Youth Services | $10,000 |
| The First Tee of Northern Nevada Reno, NV | Youth Services | $8,000 |
| Safe Talk for Teens Reno, NV | Youth Services | $7,000 |
Ready to take the next step with Robert R Banks 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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,918,797 | $512,127 | $304,951 | $165,000 | 10 | $230,748 | $445,632 | $221,640 |
| 2025 | $3,711,621 | $354,820 | $266,872 | $134,000 | 10 | $199,935 | $288,277 | $218,043 |
| 2024 | $3,623,673 | $169,769 | $304,459 | $174,500 | 11 | $239,013 | $104,607 | $204,043 |
| 2023 | $3,758,363 | $88,318 | $307,520 | $177,500 | 13 | $239,313 | $25,200 | $201,746 |
| 2022 | $3,977,565 | $421,964 | $302,685 | $159,000 | 12 | $190,777 | $317,199 | $232,229 |
| 2021 | $3,858,286 | $341,244 | $297,849 | $162,000 | 14 | — | $274,719 | $214,749 |
Under IRS private-foundation payout rules, Robert R Banks Foundation Inc reported a distributable amount of $222K for 2026 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available filings do not state a separate mission for the foundation. Its 2026 grants were primarily designated for youth services, with one grant designated for general support.
The grantees’ stated missions illustrate the kinds of organizations supported. The Boys and Girls Club of Truckee Meadows says it helps young people develop through programming, while the Boys and Girls Club of Mason Valley says it provides services for young people’s health, social, cultural, educational, character, and leadership development. The First Tee of Northern Nevada describes its work as educational programs for young people that build character and promote healthy choices through golf. Other supported organizations describe work that includes meeting the needs of women with breast cancer (Moms on the Run), keeping children safe and families together (The Children’s Cabinet), and providing free medical resources to people in need (Care Chest of Sierra Nevada).
Grantmaking
In filing year 2026, the foundation gave $165,000 through 10 grants. Grant amounts ranged from $7,000 to $50,000, with a median grant of $15,000. The largest awards were $50,000 to Boys and Girls Club of Truckee Meadows and $20,000 to Boys and Girls Club of Mason Valley. Other grants included $15,000 each to Mefiyi Foundation, Northern Nevada Children’s Cancer Foundation, Moms on the Run, and The 1701 Group; $10,000 each to Care Chest of Sierra Nevada and The Children’s Cabinet; $8,000 to The First Tee of Northern Nevada; and $7,000 to Safe Talk for Teens.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists Linda Horsey as board member, Steve Petersen as president/secretary/treasurer, and Chris McCune as vice president.
Robert R Banks Foundation Inc is led by Steve Petersen, President, Secretary & Treasurer since 2024 (on filings since 2021); all 3 officers listed in 2026 are compensated.
Officers on the 2026 filing
Steve Petersen
President, Secretary & Treasurer
Director → Secretary & Treasurer, 2022
Secretary & Treasurer → President, Secretary & Treasurer, 2024
On filings since 2021
5 hrs/week
$12K (2021) → $15K (2026)
Linda Horsey
Board Member
Secretary & Treasurer → Board Member, 2022
On filings since 2021
5 hrs/week
$12K (2021) → $15K (2026)
Chris McCune
Vice President
Board Member → Vice President, 2024
On filings since 2022
5 hrs/week
$3K (2022) → $15K (2026)
Former officers (2)
- Former: Jack Harker (2021–2024) — Past President
- Former: Jeff Eckroth (2021–2022) — Board Member
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $15K, to Linda Horsey (Board Member). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Robert R Banks Foundation Inc
How much does Robert R Banks Foundation Inc give each year?
Robert R Banks Foundation Inc gave $165K across 10 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $134K across 10 grants.
What is Robert R Banks Foundation Inc's typical grant size?
Robert R Banks Foundation Inc's median grant in 2026 was $15,000, and its average grant was $16,500, across 10 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Robert R Banks Foundation Inc that year got $15K on average.
Where does Robert R Banks Foundation Inc give grants?
Robert R Banks Foundation Inc gives mostly in Nevada: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Reno, NV (8 grants).
Does Robert R Banks Foundation Inc give general operating support?
Yes: 10% of Robert R Banks Foundation Inc's 2026 grants with a stated purpose (1 of 10) were for general or operating support, per its 2026 IRS Form 990-PF. Recurring purposes include "Youth Services" (9 grants).
Who are Robert R Banks Foundation Inc's largest grantees?
Robert R Banks Foundation Inc's largest 2026 grantees include Boys and Girls Club of Truckee Meadows ($50,000), Boys and Girls Club of Mason Valley ($20,000) and Mefiyi Foundation ($15,000), according to its 2026 IRS Form 990-PF. Together they received 52% of its itemized 2026 grant dollars.
How large is Robert R Banks Foundation Inc?
Robert R Banks Foundation Inc reported $3.9M in total assets on its 2026 IRS Form 990-PF. It paid out $231K in qualifying distributions that year, against a required minimum of $222K (roughly 5% of its investment assets).
What does Robert R Banks Foundation Inc fund?
The available filings do not state a separate mission for the foundation. Its 2026 grants were primarily designated for youth services, with one grant designated for general support. See mission & focus areas ↑
How do I apply for a grant from Robert R Banks Foundation Inc?
The 2025 filing lists Steve Petersen as the contact and requests a current IRS Form 990, the most recent financial statements (audited preferred but not required), an IRS determination letter, a program narrative, and… Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Robert R Banks Foundation Inc's EIN?
Robert R Banks Foundation Inc's EIN (Employer Identification Number) is 94-3221616. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 9, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Robert R Banks Foundation Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Robert R Banks Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The E L Cord Foundation
Reno, NV
The E.L. Cord Foundation supports education and literacy, children and youth, arts and culture, science, and charitable activities, primarily in Northern Nevada and Nevada’s rural counties. Its 2024 grants ranged from $3,500 to $830,000, with a median of $20,000. It accepts applications by mail year-round.
Assets
$68.8M
Grants
90
Total Given
$3.6M
Roxie and Azad Joseph Foundation
Reno, NV
The foundation’s grants support a range of charitable organizations, including cultural, health, education, and youth-serving groups, with recent awards ranging from $5,000 to $200,000 and a median of $10,000. It gives in Nevada and California, with most recent grant dollars going to Nevada. It accepts written applications year-round, according to its 2025 filing.
Assets
$9.6M
Grants
33
Total Given
$625K
John Ben Snow Memorial Tr Uw
Pittsburgh, PA
The John Ben Snow Memorial Trust supports education, arts and culture, and community initiatives, with limited consideration for disability, environmental, and historic-preservation projects that have an educational impact. It typically awards $10,000–$20,000, with 2024 grants going to organizations in multiple states, especially New York, Nevada, and New Jersey. It accepts requests through a Letter of Inquiry submitted online from November 1 to February 1.
Assets
$31.1M
Grants
111
Total Given
$1.5M
Thelma B & Thomas P Hart Foundation
Reno, NV
The Thelma B & Thomas P Hart Foundation funds education, children’s programs, service animals, health, and community-based programs, generally in Northern Nevada, Northern California, and Hawaii. Its 2024 grants ranged from $1,000 to $150,000, with a median of $20,000. The foundation does not restrict giving to preselected organizations; applicants are advised to contact Mark W. Knobel, with June recommended for submissions.
Assets
$22.4M
Grants
39
Total Given
$1.2M
The Bretzlaff Foundation Inc
Reno, NV
The Bretzlaff Foundation supports youth development, research, arts and culture, legal aid, and other community programs, with most 2025 grant dollars going to Nevada, followed by Hawaii and Virginia. Its 15 grants in 2025 ranged from $5,000 to $600,000, with a median of $250,000. It accepts written applications; no deadline is stated.
Assets
—
Grants
15
Total Given
$2.8M
Jack Van Sickle Foundation
Reno, NV
The Jack Van Sickle Foundation supports a range of charitable work, including youth programs, food assistance, outdoor recreation, arts and culture, and social services, primarily in Nevada, with some funding in California. In 2024, grants ranged from $2,500 to $100,000, with a median of $10,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$8.8M
Grants
32
Total Given
$543K
More similar funders
More Funders in Nevada
Cite this profile
Grantable. (2026). Robert R Banks Foundation Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/robert-r-banks-foundation-inc-morg_9fb1a8f03dbc493db61cfeebfcac04b5
BibTeX
@misc{grantable_943221616_2026,
author = {{Grantable}},
title = {{Robert R Banks Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/robert-r-banks-foundation-inc-morg_9fb1a8f03dbc493db61cfeebfcac04b5},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Robert R Banks 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.
Robert R Banks Foundation Inc down — hundreds of funders to go?