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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$88K
+74.4% YoY
Annual Giving
$10K
+8.9% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$3K
+45.2% YoY
About Rustin and Tara Banks Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $88,486 | $50,726 | $60,027 |
| Revenue | $48,000 | — | — |
| Expenses | $10,240 | $9,301 | $4,041 |
| Qualifying Distributions | $9,946 | $9,131 | $3,861 |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Various Individuals of Erie CO ($8,129), Light the World Charities ($959), Erie Uplink ($858).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| Various Individuals of Erie CO Erie, CO | Food & clothing for various vulnerable individuals | $8,129 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Rustin Banks | Co-president | 1 | — |
| Tara Banks | Co-president | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Rustin and Tara Banks Foundation?
As of 2024, Rustin and Tara Banks Foundation holds $88K in total assets with $48K in annual revenue. It awarded 3 grants totaling $10K in 2024.
Where does Rustin and Tara Banks Foundation operate?
Rustin and Tara Banks Foundation has awarded grants in Colorado, Florida, Utah.
What size grants does Rustin and Tara Banks Foundation award?
In 2024, Rustin and Tara Banks Foundation awarded 3 grants totaling $10K — an average of about $3K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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