The Banks Scholarship Trust-main
The Banks Scholarship Trust-main is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 55 grants totaling $104K. Net investment income was $164K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+3.2% YoY
Annual Giving
$104K
+9.1% YoY
Grant Count
55
-11.3% YoY
Avg Grant Size
$2K
+23.0% YoY
Under IRS private-foundation payout rules, The Banks Scholarship Trust-main reported a distributable amount of $107K for 2024 — the minimum it must pay out in qualifying distributions.
About The Banks Scholarship Trust-main
Based on IRS filings
The Banks Scholarship Trust-main is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 55 grants totaling $104K. Net investment income was $164K.
Focus Areas
Ready to take the next step with The Banks Scholarship Trust-main?
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 | $1,577,997 | $1,529,064 | $1,533,924 |
| Revenue | $195,115 | $127,242 | $5,811 |
| Expenses | $151,097 | $133,774 | $169,209 |
| Qualifying Distributions | $122,445 | $110,061 | $144,093 |
| Net Investment Income | $163,787 | $99,128 | $23,564 |
| Distributable Amount | $107,058 | $93,690 | $96,579 |
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
152 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Georgia ($4,000), University of Georgia ($4,000), Georgia College and State University ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF NORTH GEORGIA DAHLONEGA, GA | SCHOLARSHIP | $1,500 |
| UNIVERSITY OF WEST GEORGIA CARROLLTON, GA | SCHOLARSHIP | $1,500 |
| UNIVERSITY OF NORTH GEORGIA DAHLONEGA, GA | SCHOLARSHIP | $1,500 |
| UNIVERSITY OF GEORGIA ATHENS, GA | SCHOLARSHIP | $1,000 |
| GEORGIA SOUTHERN UNIVERSITY STATESBORO, GA | SCHOLARSHIP | $1,000 |
| GEORGIA INSTITUTE OF TECHNOLOGY ATLANTA, GA | SCHOLARSHIP | $3,000 |
| ABRAHAM BALDWIN AGRICULTURAL COLLEGE TIFTON, GA | SCHOLARSHIP | $1,000 |
| GEORGIA SOUTHERN UNIVERSITY STATESBORO, GA | SCHOLARSHIP | $3,000 |
| GORDON STATE COLLEGE BARNESVILLE, GA | SCHOLARSHIP | $1,500 |
| SAMFORD UNIVERSITY BIRMINGHAM, AL | SCHOLARSHIP | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BOB HARRIS CO WELLS FARGO | COMMITTEE CHAIR | 1 | — |
| WELLS FARGO BANK N A | TRUSTEE | 1 | $31,160 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Banks Scholarship Trust-main?
The Banks Scholarship Trust-main is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT LOUIS, MO. It holds $1.6M in total assets as of 2024.
How large is The Banks Scholarship Trust-main?
As of 2024, The Banks Scholarship Trust-main holds $1.6M in total assets with $195K in annual revenue. It awarded 55 grants totaling $104K in 2024.
Where does The Banks Scholarship Trust-main operate?
The Banks Scholarship Trust-main has awarded grants in Alabama, Georgia, North Carolina, South Carolina.
What size grants does The Banks Scholarship Trust-main award?
In 2024, The Banks Scholarship Trust-main awarded 55 grants totaling $104K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Banks Scholarship Trust-main required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Banks Scholarship Trust-main reported a distributable amount of $107K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Banks Scholarship Trust-main's EIN?
The Banks Scholarship Trust-main's EIN (Employer Identification Number) is 47-7129676. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Banks Scholarship Trust-main's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.