The Banks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAKLAND, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 12 grants totaling $155K. Net investment income was $57K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
-11.0% YoY
Annual Giving
$155K
+0.0% YoY
Grant Count
12
-14.3% YoY
Avg Grant Size
$13K
+16.7% YoY
Under IRS private-foundation payout rules, The Banks Family Foundation reported a distributable amount of $49K for 2024 — the minimum it must pay out in qualifying distributions.
About The Banks Family Foundation
Based on IRS filings
The Banks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAKLAND, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.1M in total assets. In 2024, it awarded 12 grants totaling $155K. Net investment income was $57K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,089,743 | $1,225,067 | $1,471,787 |
| Revenue | $22,641 | $-77,286 | $-21,721 |
| Expenses | $157,965 | $167,256 | $208,939 |
| Qualifying Distributions | $156,272 | $155,000 | $201,000 |
| Net Investment Income | $57,236 | $38,518 | $41,739 |
| Distributable Amount | $48,648 | $50,473 | $65,718 |
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 2024
Grant Size Distribution
89 grants across all recorded years
Open Grants
1 open opportunity from The Banks Family Foundation
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Oakland Museum of California ($20,000), Creative Growth Art Center ($15,000), Destiny Arts Center ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CREATIVE GROWTH ART CENTER OAKLAND, CA | SUPPORT YEAR ROUND SATURDAY ART PROGRAM FOR YOUTH WITH DISABILITIES | $15,000 |
| DESTINY ARTS CENTER OAKLAND, CA | SUPPORT AFTER SCHOOL PROGRAMS IN THREE WEST OAKLAND SCHOOLS | $15,000 |
| MAPS ARTS NEW YORK, NY | TO BE USED TO ACQUIRE AN ART MOBILE TO BE ABLE TO OFFER CLASSES AROUND NEW YORK CITY | $10,000 |
| MOCHA - MUSEUM OF CHILDREN'S ART OAKLAND, CA | TO SUPPORT THE LIBRARY AND ART PROGRAM (LEAP) OFFERED IN AFTERSCHOOL IN 11 OAKLAND LIBRARIES. | $10,000 |
| NIROGA INSTITUTE ALAMEDA, CA | TO SUPPORT THE DYNAMIC MINDFULNESS PROGRAM AS PART OF OUSD SUMMER CREDIT RECOVERY PROGRAM | $15,000 |
| OAKLAND MUSEUM OF CALIFORNIA OAKLAND, CA | TO SUPPORT CALIFORNIA SCHOOL PROGRAMS | $20,000 |
| OAKLAND SOCCER CLUB OAKLAND, CA | TO SUPPORT DISADVANTAGED OAKLAND YOUTH TO ACCESS COMPETITIVE SOCCER OPPORTUNITIES. | $15,000 |
| PARK DAY SCHOOL OAKLAND, CA | TO SUPPORT THE ANNUAL FUND | $5,000 |
| PRESCOTT CIRCUS THEATRE OAKLAND, CA | TO SUPPORT PROGRAMS IN AND AFTER SCHOOL | $15,000 |
| ST ANN'S SCHOOL BROOKLYN, NY | TO SUPPORT THE ANNUAL FUND | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KAREN BANKS | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Banks Family Foundation?
The Banks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAKLAND, CA. It holds $1.1M in total assets as of 2024.
How large is The Banks Family Foundation?
As of 2024, The Banks Family Foundation holds $1.1M in total assets with $23K in annual revenue. It awarded 12 grants totaling $155K in 2024.
Where does The Banks Family Foundation operate?
The Banks Family Foundation has awarded grants in California, New York.
What size grants does The Banks Family Foundation award?
In 2024, The Banks Family Foundation awarded 12 grants totaling $155K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Banks Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Banks Family Foundation reported a distributable amount of $49K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Banks Family Foundation's EIN?
The Banks Family Foundation's EIN (Employer Identification Number) is 94-3301944. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Banks Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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