The Banks Foundation Inc
The Banks Foundation Inc is a private foundation based in Warrenton, Virginia. The organization has been tax-exempt since April 1993 and operates as a 501(c)(3) nonprofit entity.
Key facts about The Banks Foundation Inc
- EIN
- 65-0308530
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $151,500
- Grants made (2025)
- 50
- Average grant
- $3,030
- Median grant
- $2,000
- New grantees (estimate)
- 26% first-time grantees (13 of 50, 2025)
- Primary geography
- Florida (32% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Banks Foundation Inc funds
By grant dollars, the top recipient states for The Banks Foundation Inc's 50 itemized 2025 grants were Florida (32%), Virginia (15%) and California (15%). The most frequent recipient cities were Washington, DC (3 grants), West Palm Beach, FL (3 grants), Hagerstown, MD (2 grants) and Virginia Beach, VA (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Banks Foundation Inc open to new grantees?
26%
first-time grantees, 2025
In 2025, 13 of 50 grantees (26%) were first-time recipients. First grants averaged $2K; repeat grants $3K. How we count
Medians: $1K first-time, $2K repeat.
- 72% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−1%). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Banks Foundation Inc
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$152K
-6.8% YoY
Grant Count
50
-2.0% YoY
Avg Grant Size
$3K
-4.9% YoY
Mission & Focus Areas
The foundation primarily funds general support and general purpose grants. Its grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
Grantmaking
The Banks Foundation made 38 grants in 2024, with total giving of $162,500. Typical grant awards range from $100 to $12,000.
Ready to take the next step with The Banks Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Florida, Virginia, and Maryland.
Grant Distribution by State
Share of all 50 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $1,581,196
- Total revenues: $368,478
- Total expenses: $162,930
- Number of employees: 0
Revenue Breakdown (FY 2024):
- Total grants and contributions: $10,000
- Investment income and dividends: $55,916
- Net gain from sale of non-inventory assets: $302,562
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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
244 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Iwmf ($10,000), The First Tee ($10,000), Workshop for Warriors ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| IWMF Sarasota, FL | GENERAL SUPPORT | $10,000 |
| THE FIRST TEE Miami Lakes, FL | GENERAL SUPPORT | $10,000 |
| WORKSHOP FOR WARRIORS San Diego, CA | GENERAL SUPPORT | $10,000 |
| KABUL SMALL ANIMAL RESCUE Oliver Springs, TN | GENERAL SUPPORT | $8,000 |
| PACHAMAMA ALLIANCE San Francisco, CA | GENERAL SUPPORT | $8,000 |
| DOGS INC Palmetto, FL | GENERAL SUPPORT | $5,000 |
| EARTHJUSTICE GIFT PROCESSING CENTER Washington, DC | GENERAL SUPPORT | $5,000 |
| FISHER HOUSE FOUNDATION INC Rockville, MD | GENERAL SUPPORT | $5,000 |
| MEMORIAL SLOAN KETTERING CANCER CENTER Hagerstown, VA | GENERAL SUPPORT | $5,000 |
| MICHAEL J FOX FOUNDATION Hagerstown, MD | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Valerie Amster | President | — | — |
| Stephanie Banks | Secretary | — | — |
| Daniel Frazin | Director | — | — |
Frequently Asked Questions
What does The Banks Foundation Inc fund?
The foundation primarily funds general support and general purpose grants. Its grantmaking focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services.
How do I apply for a grant from The Banks Foundation Inc?
The Banks Foundation made 38 grants in 2024, with total giving of $162,500. Typical grant awards range from $100 to $12,000. Recent grantees include: • Kabul Small Animal Rescue ($12,000) • Workshops for Warriors ($10,000) • The Pachamama Alliance ($8,000) • Miami-Dade Amateur Golf Association The foundation does not currently have live grant opportunities listed.
Where does The Banks Foundation Inc make grants?
The foundation primarily funds organizations in Florida, Virginia, and Maryland.
What size grants does The Banks Foundation Inc award?
In 2025, The Banks Foundation Inc awarded 50 grants totaling $152K — an average of about $3K per grant, based on its IRS Form 990 filings.
What is The Banks Foundation Inc's EIN?
The Banks Foundation Inc's EIN (Employer Identification Number) is 65-0308530. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.