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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+14.9% YoY
Annual Giving
$163K
+2.5% YoY
Grant Count
51
+2.0% YoY
Avg Grant Size
$3K
+0.5% 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.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Florida, Virginia, and Maryland.
Grant Distribution by State
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,581,196 | $1,375,648 | $1,466,085 |
| Revenue | $368,478 | $68,713 | $44,422 |
| Expenses | $162,930 | $159,150 | $164,993 |
| Qualifying Distributions | $162,500 | $158,500 | $153,600 |
| Net Investment Income | $358,478 | $54,713 | $44,422 |
| Distributable Amount | $183,892 | $155,035 | $147,616 |
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
228 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VALERIE AMSTER | PRESIDENT | — | — |
| STEPHANIE BANKS | SECRETARY | — | — |
| DANIEL FRAZIN | DIRECTOR | — | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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