The Banks Scholarship Trust-Main

Private foundation · Grantmaker Saint Louis, MO EIN: 47-7129676

The Banks Scholarship Trust-Main is a private foundation based in Saint Louis, Missouri. Its 2025 filing lists grants for scholarships to colleges and universities, primarily in Georgia.

Key facts about The Banks Scholarship Trust-Main

In short: The Banks Scholarship Trust-Main gave $110K across 39 grants in 2025 (avg $3K), mostly in Georgia. Source: 2025 IRS Form 990-PF.

EIN
47-7129676
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$110,200
Grants made (2025)
39
Average grant
$2,826
Median grant
$2,500
Total assets
$1,581,122
Primary geography
Georgia (95% of itemized 2025 grant dollars)
How to apply
The filing lists the contact as THE BANKS SCHOLARSHIP TRUST and directs applicants to the stated form and materials website. Full details ↓
Deadline
March 25.

Data from IRS Form 990-PF, 2025; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.6M

+0.2% YoY

Annual Giving

$110K

+6.0% YoY

Grant Count

39

-29.1% YoY

Avg Grant Size

$3K

+49.4% YoY

Under IRS private-foundation payout rules, The Banks Scholarship Trust-Main reported a distributable amount of $109K for 2025 — the minimum it must pay out in qualifying distributions.

How The Banks Scholarship Trust-Main gives

  • Giving held roughly steady from 2022 to 2025 (−14%). Method
  • In 2025 it paid out 118% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2025 grants include scholarship awards to colleges and universities. For example, Middle Georgia State University Foundation describes its mission as improving lives in Central Georgia by enabling the university to achieve results and providing resources that enhance students’ educational experience. Shorter University describes its mission as advancing God’s Kingdom through academic excellence, spiritual growth, Christian leadership, and global service within a biblical worldview. These are the grantees’ stated missions, not the foundation’s.

Grantmaking

In 2025, the foundation reported 39 grants totaling $110,200. Grant amounts ranged from $1,000 to $6,500, with a median of $2,500. The largest listed award was $6,500 to Abraham Baldwin Agricultural College for a scholarship. Other listed awards included $6,000 grants to the University of Georgia, $5,000 to Mercer University, and two $4,750 grants to Middle Georgia State University.

Review Cycle

March 25.

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Geographic Focus

Where this funder awards grants

In 2025, 95% of grant dollars went to recipients in Georgia. The remaining reported shares were Tennessee (2%), Utah (1%), and Alabama (1%).

Grant Distribution by State

7states

Share of 2025 grant dollars across all 39 itemized grants.

Cities

AthensStatesboroDahlonegaMaconAtlantaMilledgevilleKennesawBarnesvilleBirminghamAugustaBrunswickCarrolltonMount BerryRomeTiftonColumbusCullowheeCuthbertLagrangeMilligan

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K18 grants2019 1 grant2020 1 grant2021 74 grants2022 62 grants2023 55 grants2024 39 grants2025

From 2019 to 2025, annual grant giving ranged from $90K (2019) to $128K (2022). In 2025 it made 39 grants totaling $110K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2025

University of Georgia: $32K across 11 grantsUniversity of Georgia$32K · 11 grantsGeorgia Southern University: $19K across 8 grantsGeorgia Southern University$19K · 8 grantsMercer University: $10K across 3 grantsMercer University$10K · 3 grantsMiddle Georgia State University: $10K across 2 grantsMiddle Georgia StateUniversity$10K · 2 grantsGeorgia Institute of Technology: $9K across 2 grantsGeorgia Institute ofTechnology$9K · 2 grantsUniversity of North Georgia: $8K across 4 grantsUniversity of North Georgia$8K · 4 grantsAbraham Baldwin Agricultural College: $7KAbraham Baldwin AgriculturalCollege$7KKennesaw State University: $5K across 2 grantsKennesaw State University$5K · 2 grantsShorter University: $4KShorter University$4KMilligan University: $3KMilligan University$3K

The largest 2025 recipient was University of Georgia ($32K across 11 grants). Together the top 10 received $105K.

Grant Size Distribution

231 grants across all recorded years

230<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 230 grants of 231 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Abraham Baldwin Agricultural College Tifton, GAScholarship$6,500
University of Georgia Athens, GAScholarship$6,000
University of Georgia Athens, GAScholarship$6,000
Mercer University Macon, GAScholarship$5,000
Middle Georgia State University Macon, GAScholarship$4,750
Middle Georgia State University Macon, GAScholarship$4,750
Georgia Institute of Technology Atlanta, GAScholarship$4,500
Georgia Institute of Technology Atlanta, GAScholarship$4,500
Mercer University Macon, GAScholarship$4,000
University of Georgia Athens, GAScholarship$4,000

Financial History

Multi-year comparison from IRS filings

Filing year Grant total Number of grants
2025 $110,200 39
2024 $104,000 55
2023 $95,340 62
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,581,122$1,577,997$1,529,064
Revenue$159,128$195,115$127,242
Expenses$159,131$151,097$133,774
Qualifying Distributions$129,425$122,445$110,061
Net Investment Income$126,677$163,787$99,128
Distributable Amount$109,271$107,058$93,690

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS May 3, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
  7. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)

Leadership & Key People

Leadership team and compensation from IRS filings

The 2025 filing lists BOB HARRIS CO WELLS FARGO as committee chair and WELLS FARGO BANK N A as trustee.

The Banks Scholarship Trust-Main is led by Bob Harris Co Wells Fargo, Committee Chair on every filing since 2024; 1 of 2 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Bob Harris Co Wells Fargo

    Committee Chair

    On filings since 2024

    1 hr/week

    No compensation reported

  • Wells Fargo Bank N A

    Trustee

    On filings since 2020

    1 hr/week

    $15K (2020) → $32K (2025)

Former officers (2)
  • Former: Bob Harris (2019–2023) — Committee Chair
  • Former: Wells Fargo Bank NA (2019) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Wells Fargo Bank N a — Trustee: $32KWells Fargo Bank N aTrustee$32K

The highest reported compensation on the 2025 filing was $32K, to Wells Fargo Bank N a (Trustee).

Contact

Application contact: The Banks Scholarship Trust
Mailing address: 4320 Wade Hampton Blvd, Taylors, SC 29687
Phone: (972) 250-8888
Email: www.csascholars.org

Frequently asked questions about The Banks Scholarship Trust-Main

How much does The Banks Scholarship Trust-Main give each year?

The Banks Scholarship Trust-Main gave $110K across 39 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $104K across 55 grants.

What is The Banks Scholarship Trust-Main's typical grant size?

The Banks Scholarship Trust-Main's median grant in 2025 was $2,500, and its average grant was $2,826, across 39 grants on its 2025 IRS Form 990-PF.

Where does The Banks Scholarship Trust-Main give grants?

The Banks Scholarship Trust-Main gives mostly in Georgia: 95% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Athens, GA (11 grants), Statesboro, GA (8 grants), Macon, GA (5 grants) and Dahlonega, GA (4 grants).

Does The Banks Scholarship Trust-Main give general operating support?

Not in 2025: none of the 39 grants with a stated purpose on The Banks Scholarship Trust-Main's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (39 grants).

Who are The Banks Scholarship Trust-Main's largest grantees?

The Banks Scholarship Trust-Main's largest 2025 grantees include University of Georgia ($32,000 across 11 grants), Georgia Southern University ($18,750 across 8 grants) and Mercer University ($10,200 across 3 grants), according to its 2025 IRS Form 990-PF. Together they received 55% of its itemized 2025 grant dollars.

How large is The Banks Scholarship Trust-Main?

The Banks Scholarship Trust-Main reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $129K in qualifying distributions that year, against a required minimum of $109K (roughly 5% of its investment assets).

What does The Banks Scholarship Trust-Main fund?

No mission statement for the foundation is provided. Its 2025 grants include scholarship awards to colleges and universities. See mission & focus areas ↑

How do I apply for a grant from The Banks Scholarship Trust-Main?

The filing lists the contact as THE BANKS SCHOLARSHIP TRUST and directs applicants to the stated form and materials website. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

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 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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