Rustin and Tara Banks Foundation

Private foundation · Grantmaker Erie, CO EIN: 81-4323103

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.

Key facts about Rustin and Tara Banks Foundation

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.

EIN
81-4323103
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$9,946
Grants made (2024)
3
Average grant
$3,315
Median grant
$959
Total assets
$88,486
Primary geography
Colorado (90% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

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

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.

Your AI grants department

Ready to take the next step with Rustin and Tara Banks Foundation?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 3 itemized 2024 grant dollars.

Cities

ErieDenverSalt Lake CityArvadaBroomfieldNaples

Giving Over Time

Total grant dollars and number of grants per year

$0$2.5K$5K$7.5K$10K2 grants20205 grants20215 grants20224 grants20233 grants2024

From 2020 to 2024, annual grant giving ranged from $2K (2020) to $10K (2024). In 2024 it made 3 grants totaling $10K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Various Individuals of Erie CO: $8KVarious Individuals of Erie CO$8KLight the World Charities: $959Light the World Charities$959Erie Uplink: $858Erie Uplink$858

The largest 2024 recipient was Various Individuals of Erie CO ($8K). Together the top 3 received $10K.

Grant Size Distribution

19 grants across all recorded years

19<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 19 grants of 19 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Various Individuals of Erie CO Erie, COFood & clothing for various vulnerable individuals$8,129
Light the World Charities Salt Lake City, UTLight the world donates to various nonprofits$959
Erie Uplink Erie, CODonation for Erie Tiger packs for hungry kids of erie high school$858

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$20K$40K$60K20202021202220232024
Metric202420232022
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———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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%). The most frequent recipient cities were Erie, CO (2 grants).

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.

Your AI grants department

Here's the math on researching Rustin and Tara Banks Foundation by hand.

Explore Open Grants

Browse active grant opportunities in Rustin and Tara Banks Foundation's focus areas in our free grants database

Similar Funders

Funders that support many of the same organizations

First Interstate BancSystem Foundation

Billings, MT

The foundation funds poverty elimination, youth development, financial education, community development, and related community needs, including education, health, arts, and human services, in communities served by First Interstate Bank across 10 states. Its minimum grant is $2,500; the 2025 median award was $2,500, though amounts varied widely. Organizations may submit requests online, but grants are limited to organizations recommended by local First Interstate branches.

Assets

$19.2M

Grants

767

Total Given

$5.0M

The Richard M Schulze Family Foundation

Minneapolis, MN

The Richard M. Schulze Family Foundation funds education, health care, and human services, including college scholarships, with most support benefiting working- and middle-class families in specified Minnesota and Florida counties; it also makes some national grants. Its 2024 grants had a median of $5,000, though awards ranged from $50 to $10 million. It plans to move to invitation-only grantmaking in 2027; whether it currently accepts unsolicited requests is not stated.

Assets

—

Grants

1,431

Total Given

$47.9M

Ima Foundation

Wichita, KS

Assets

$11.4M

Grants

602

Total Given

$831K

Robert & Terri Cohn Family Foundation

Naples, FL

The Robert & Terri Cohn Family Foundation funds arts and music, health, education, youth services, and programs for people with disabilities, primarily in Illinois and Missouri. Its 2025 grants ranged from $1,000 to $45,000, with a median of $5,000. It gives only to preselected organizations and does not accept unsolicited requests.

Assets

$13.6M

Grants

43

Total Given

$378K

Recruiting Classroom Inc

Charlotte, NC

Education

Assets

$77K

Grants

23

Total Given

$101K

The Martin Family Foundation

Casper, WY

The Martin Family Foundation supports Christian-aligned work in faith-based education, serving poor and at-risk people, the sanctity of human life, and evangelization and discipleship, with a preference for project support. Grants are typically around $25,000 (2024 grants ranged from $2,500 to $515,000), mainly for programs in Colorado, Wyoming, and Montana, especially Denver, Casper, and Billings. It states that it funds only preselected charitable organizations and does not accept unsolicited requests.

Philanthropy, Voluntarism & Grantmaking

Assets

$35.9M

Grants

51

Total Given

$2.4M

Calerich Family Foundation

Eastlake, CO

Philanthropy, Voluntarism & Grantmaking

Assets

$1.0M

Grants

11

Total Given

$97K

McInnes S and J Char Tr

Saint Louis, MO

The trust funds charitable organizations, with a preference for those in or serving Colorado and work in animal welfare, children’s health, education, and empowerment. Its listed awards are typically $20,000–$35,000 (2025 grants ranged from $10,000 to $50,000). It accepts online applications and says it does not limit giving to preselected organizations.

Philanthropy, Voluntarism & Grantmaking

Assets

$9.2M

Grants

23

Total Given

$537K

Colorado Gives Foundation

Arvada, CO

Colorado Gives Foundation funds nonprofits serving Jefferson County, Colorado, with priorities including essential needs, housing, food security, education, workforce development, health, and connected neighborhoods. Its 2024 median grant was $17,814; current opportunities offer $2,500–$100,000 for responsive support and $5,000–$25,000 for housing. The profile does not state whether it accepts unsolicited requests.

Assets

$527.1M

Grants

2,211

Total Given

$91.0M

Christian Community Foundation Inc

Colorado Springs, CO

WaterStone funds charitable and educational efforts, especially direct Christian ministries, through donor-recommended grants to eligible U.S. and international nonprofits whose missions align with its Statement of Faith. Its 2025 grants had a median of $20,000, though amounts varied widely; it does not state whether it accepts unsolicited requests, and grants are recommended by donors.

Philanthropy, Voluntarism & Grantmaking

Assets

$746.4M

Grants

1,651

Total Given

$161.8M

Daniels Fund

Denver, CO

The Daniels Fund supports nonprofit organizations in Colorado, New Mexico, Utah, and Wyoming, with grants focused on areas including aging, amateur sports, disabilities, addiction, early childhood education, homelessness and disadvantage, K–12 education reform, and youth. The profile does not state a typical grant size or whether unsolicited requests are accepted.

Assets

$1.4B

Grants

1,593

Total Given

$69.7M

More Funders in Colorado

Rustin and Tara Banks Foundation down — hundreds of funders to go?

Want AI to do this for you?