Robert R Banks Foundation Inc
Robert R Banks Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in RENO, NV. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.7M in total assets. In 2025, it awarded 10 grants totaling $134K. Net investment income was $288K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.7M
+2.4% YoY
Annual Giving
$134K
-23.2% YoY
Grant Count
10
-9.1% YoY
Avg Grant Size
$13K
-15.5% YoY
Under IRS private-foundation payout rules, Robert R Banks Foundation Inc reported a distributable amount of $218K for 2025 — the minimum it must pay out in qualifying distributions.
About Robert R Banks Foundation Inc
Based on IRS filings
Robert R Banks Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in RENO, NV. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $3.7M in total assets. In 2025, it awarded 10 grants totaling $134K. Net investment income was $288K.
Focus Areas
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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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,711,621 | $3,623,673 | $3,758,363 |
| Revenue | $354,820 | $169,769 | $88,318 |
| Expenses | $266,872 | $304,459 | $307,520 |
| Qualifying Distributions | $199,935 | $239,013 | $239,313 |
| Net Investment Income | $288,277 | $104,607 | $25,200 |
| Distributable Amount | $218,043 | $204,043 | $201,746 |
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 2025
Grant Size Distribution
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Boys and Girls Club of Truckee Meadows ($40,000), Boys and Girls Club of Mason Valley ($20,000), Mefiyi Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ASSISTANCE LEAGUE OF RENO-SPARKS RENO, NV | YOUTH SERVICES | $10,000 |
| BIG BROTHERS BIG SISTERS OF NORTHERN NEVADA RENO, NV | YOUTH SERVICES | $10,000 |
| BOYS AND GIRLS CLUB OF MASON VALLEY YERINGTON, NV | YOUTH SERVICES | $20,000 |
| BOYS AND GIRLS CLUB OF TRUCKEE MEADOWS RENO, NV | YOUTH SERVICES | $40,000 |
| CARE CHEST OF SIERRA NEVADA RENO, NV | GENERAL SUPPORT | $10,000 |
| FOR KIDS FOUNDATIONS RENO, NV | YOUTH SERVICES | $5,000 |
| MEFIYI FOUNDATION GARDNERVILLE, NV | YOUTH SERVICES | $15,000 |
| THE CHILDRENS' CABINET RENO, NV | YOUTH SERVICES | $10,000 |
| THE FIRST TEE OF NORTHERN NEVADA RENO, NV | YOUTH SERVICES | $10,000 |
| CANINE REHABILITATION CENTER NEW WASHOE CITY, NV | GENERAL SUPPORT | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA HORSEY | BOARD MEMBER | 5 | $15,500 |
| STEVE PETERSEN | PRESIDENT/SECRETARY/TREASURER | 5 | $15,500 |
| CHRIS MCCUNE | VICE PRESIDENT | 5 | $15,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Robert R Banks Foundation Inc?
Robert R Banks Foundation Inc is a private foundation focused on Community Improvement & Capacity Building, based in RENO, NV. It holds $3.7M in total assets as of 2025.
How large is Robert R Banks Foundation Inc?
As of 2025, Robert R Banks Foundation Inc holds $3.7M in total assets with $355K in annual revenue. It awarded 10 grants totaling $134K in 2025.
Where does Robert R Banks Foundation Inc operate?
Robert R Banks Foundation Inc has awarded grants in Nevada.
What size grants does Robert R Banks Foundation Inc award?
In 2025, Robert R Banks Foundation Inc awarded 10 grants totaling $134K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is Robert R Banks Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Robert R Banks Foundation Inc reported a distributable amount of $218K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2025.
Explore Open Grants
Browse active grant opportunities in Robert R Banks 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.