Rustin and Tara Banks Foundation
Rustin and Tara Banks Foundation is a private foundation focused on Human Services, based in Erie, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $88K in total assets. In 2024, it awarded 3 grants totaling $10K.
Rustin and Tara Banks Foundation at a glance
In short: Rustin and Tara Banks Foundation gave $10K across 3 grants in 2024 (avg $3K), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $9,946
- +8.9% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $3,315
- +45.2% vs 2023
- Median grant
- $959
- Total assets
- $88,486
- +74.4% vs 2023
- Primary geography
- Colorado (90% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Rustin and Tara Banks Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Light the World Charities ($959). Together the top 2 received $2K.
Organizations only. It also paid 1 grant to individuals ($8,129), which are not listed by name.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 19 grants of 19 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Rustin and Tara Banks Foundation gives
- Giving grew 82% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2K (2020) to $10K (2024). In 2024 it made 3 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $8,129 |
| Light the World Charities Salt Lake City, UT | Light the world donates to various nonprofits | $959 |
| Erie Uplink Erie, CO | Donation for Erie Tiger packs for hungry kids of erie high school | $858 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions |
|---|---|---|---|---|---|---|
| 2024 | $88,486 | $48,000 | $10,240 | $9,946 | 3 | $9,946 |
| 2023 | $50,726 | — | $9,301 | $9,131 | 4 | $9,131 |
| 2022 | $60,027 | — | $4,041 | $3,861 | 5 | $3,861 |
| 2021 | $64,068 | $49,998 | $5,469 | $5,469 | 5 | $5,469 |
| 2020 | $19,539 | — | $1,924 | $1,924 | 2 | — |
Leadership & Key People
Officers and directors from IRS filings
Rustin and Tara Banks Foundation is led by Rustin Banks, Co-President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rustin Banks
Co-President
On filings since 2020
1 hr/week
No compensation reported
Tara Banks
Co-President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Rustin and Tara Banks Foundation
How much does Rustin and Tara Banks Foundation give each year?
Rustin and Tara Banks Foundation gave $10K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $9K across 4 grants.
What is Rustin and Tara Banks Foundation's typical grant size?
Rustin and Tara Banks Foundation's median grant in 2024 was $959, and its average grant was $3,315, across 3 grants on its 2024 IRS Form 990-PF.
Where does Rustin and Tara Banks Foundation give grants?
Rustin and Tara Banks Foundation gives mostly in Colorado: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Utah (10%).
Does Rustin and Tara Banks Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Rustin and Tara Banks Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is Rustin and Tara Banks Foundation?
Rustin and Tara Banks Foundation reported $88K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $48K.
What is Rustin and Tara Banks Foundation?
Rustin and Tara Banks Foundation is a private foundation focused on Human Services, based in Erie, CO. It holds $88K in total assets as of 2024.
What is Rustin and Tara Banks Foundation's EIN?
Rustin and Tara Banks Foundation's EIN (Employer Identification Number) is 81-4323103. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 20, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 4, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Rustin and Tara Banks Foundation funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Rustin and Tara Banks Foundation's focus areas in our free grants database
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