The Banks Scholarship Trust-Main
The Banks Scholarship Trust-Main is a private foundation based in Saint Louis, Missouri. Its 2025 filing reports grants totaling $110,200, with every listed grant designated for scholarships.
The Banks Scholarship Trust-Main at a glance
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.
- Annual giving (2025)
- $110,200
- +6.0% vs 2024
- Grants made (2025)
- 39
- -29.1% vs 2024
- Average grant
- $2,826
- +49.4% vs 2024
- Median grant
- $2,500
- Total assets
- $1,581,122
- +0.2% vs 2024
- Primary geography
- Georgia (95% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The Banks Scholarship Trust-Main
- How to Apply
-
The filing says the foundation does not restrict giving to preselected organizations. It directs applicants to the stated application form and materials and says award restrictions are listed on the website.
- Review Cycle
- March 25; this date has passed for 2026.
- Deadline
- March 25; this date has passed for 2026.
- Contact
Application contact: The Banks Scholarship Trust
Mailing address: 4320 Wade Hampton Blvd, Taylors, SC 29687
Phone: (972) 250-8888
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Banks Scholarship Trust-Main funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was University of Georgia ($32K across 11 grants). Together the top 10 received $92K.
Organizations only. It also paid 3 individual scholarships ($16,000), which are not listed by name.
Grant Size Distribution
231 grants across all recorded years
The most common grant size was under $50K: 230 grants of 231 (100%).
Geographic Focus
Where this funder awards grants
The filing’s 2025 grant-dollar distribution was 95% to recipients in Georgia, 2% in Tennessee, 1% in Utah, and 1% in Alabama.
Grant Distribution by State
Share of 2025 grant dollars across all 39 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $90K (2019) to $128K (2022). In 2025 it made 39 grants totaling $110K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 3 individual scholarships Recipients not named | — | $16,000 |
| University of Georgia Athens, GA | Scholarship | $6,000 |
| University of Georgia Athens, GA | Scholarship | $6,000 |
| Mercer University Macon, GA | Scholarship | $5,000 |
| Georgia Institute of Technology Atlanta, GA | Scholarship | $4,500 |
| Georgia Institute of Technology Atlanta, GA | Scholarship | $4,500 |
| Mercer University Macon, GA | Scholarship | $4,000 |
| University of Georgia Athens, GA | Scholarship | $4,000 |
| University of Georgia Athens, GA | Scholarship | $3,500 |
| Shorter University Rome, GA | Scholarship | $3,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,581,122 | $159,128 | $159,131 | $110,200 | 39 | $129,425 | $126,677 | $109,271 |
| 2024 | $1,577,997 | $195,115 | $151,097 | $104,000 | 55 | $122,445 | $163,787 | $107,058 |
| 2023 | $1,529,064 | $127,242 | $133,774 | $95,340 | 62 | $110,061 | $99,128 | $93,690 |
| 2022 | $1,533,924 | $5,811 | $169,209 | $127,840 | 74 | $144,093 | $23,564 | $96,579 |
| 2021 | $1,695,469 | $188,303 | $142,705 | $112,600 | 1 | $125,637 | $171,486 | $109,831 |
| 2020 | $1,650,654 | $66,415 | $137,527 | $111,900 | 1 | — | $51,065 | $96,579 |
| 2019 | $1,720,636 | $70,526 | $117,096 | $90,160 | 18 | — | $54,807 | $95,447 |
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.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants supported educational institutions, and the listed grant purposes were scholarships. The supported organizations describe their own missions in varied terms: An individual recipient State University’s grantee mission is to support the university by acquiring, developing, and maintaining land or facilities; Shorter University describes its mission as advancing God’s kingdom through academic excellence, spiritual growth, Christian leadership, and global service; and Milligan University says it seeks to honor God by educating servant-leaders. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In filing year 2025, the foundation made 39 grants totaling $110,200. Grants ranged from $1,000 to $6,500, with a median grant of $2,500. Among the larger awards were $6,500 to an individual recipient Agricultural College, $6,000 to the University of Georgia, $5,000 to Mercer University, and $4,750 to an individual recipient State University. Each was listed for scholarships.
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
The highest reported compensation on the 2025 filing was $32K, to Wells Fargo Bank N a (Trustee).
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), Dahlonega, GA (4 grants) and Atlanta, GA (3 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. It also paid 3 individual scholarships ($16,000), which are not listed by name. 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 supported educational institutions, and the listed grant purposes were scholarships. See mission & focus areas ↑
How do I apply for a grant from The Banks Scholarship Trust-Main?
The filing says the foundation does not restrict giving to preselected organizations. 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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 4, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 3, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2024)
Live grants for the work The Banks Scholarship Trust-Main funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Cite this profile
Grantable. (2026). The Banks Scholarship Trust-Main funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/the-banks-scholarship-trust-main-morg_66951a9ff6854c86816f4ceccf255db0
BibTeX
@misc{grantable_477129676_2026,
author = {{Grantable}},
title = {{The Banks Scholarship Trust-Main funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-banks-scholarship-trust-main-morg_66951a9ff6854c86816f4ceccf255db0},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Banks Scholarship Trust-Main's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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