The William and Karin Banks Foundation Inc. is a private foundation based in Bethesda, Maryland. Established in 2002 in Virginia, the foundation focuses on philanthropic giving across multiple sectors with a particular emphasis on education, human services, and nonprofit support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.7M
+3.6% YoY
Annual Giving
$369K
+7.3% YoY
Grant Count
47
-4.1% YoY
Avg Grant Size
$8K
+11.9% YoY
Under IRS private-foundation payout rules, The William and Karin Banks reported a distributable amount of $386K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Nonprofit Human Services
- Reproductive Health
- Human and Social Services
Grantmaking
The foundation primarily funds organizations in:
Average Grant
amount and median grant amount data available but specific figures not disclosed in current filings
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $6,729,785
- Total Annual Giving: $367,100
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,729,785 | $6,497,749 | $6,255,632 |
| Revenue | $630,089 | $608,671 | $322,678 |
| Expenses | $398,053 | $366,554 | $422,332 |
| Qualifying Distributions | $367,100 | $346,100 | $398,650 |
| Net Investment Income | $629,918 | $605,038 | $301,345 |
| Distributable Amount | $385,714 | $348,769 | $362,359 |
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
242 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Tli Foundation ($40,000), Maryland Institute College of Art ($27,100), Highland Medical Center ($24,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ALEXANDRIA SEAPORT FOUNDATION ALEXANDRIA, VA | FOUNDATION DONATIONS | $15,000 |
| ALIVE INC ALEXANDRIA, VA | FOUNDATION DONATIONS | $2,000 |
| AMERICAN RED CROSS OF THE NATIONAL CAPITAL AREA FAIRFAX, VA | FOUNDATION DONATIONS | $5,000 |
| ANNAPOLIS MARITIME MUSEUM ANNAPOLIS, MD | FOUNDATION DONATIONS | $1,000 |
| BOLAR RURITAN SCHOLARSHIP FUND WARM SPRINGS, VA | FOUNDATION DONATIONS | $1,000 |
| BOLAR VOLUNTEER FIRE COMPANY WARM SPRINGS, VA | FOUNDATION DONATIONS | $15,000 |
| CAMP FIRE USA GREENBELT, MD | FOUNDATION DONATIONS | $3,600 |
| CAPITOL AREA FOOD BANK WASHINGTON, DC | FOUNDATION DONATIONS | $3,000 |
| CARE GIFT CENTER MERRIFIELD, VA | FOUNDATION DONATIONS | $5,000 |
| CHESAPEAKE BAY FOUNDATION ANNAPOLIS, MD | FOUNDATION DONATIONS | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KARIN BANKS | PRESIDENT | — | — |
| HARALD MANGOLD | VICE-PRESIDENT | — | — |
Contact Information
- Address: 6500 Rock Spring Drive, Suite 200, Bethesda, MD 20817-1182
- Telephone: 301-571-1900
- EIN: 01-0758677
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The William and Karin Banks fund?
The foundation's primary funding interests include: • **Education** • **Philanthropy, Voluntarism & Grantmaking** • **Human Services** • **Nonprofit Human Services** • **Reproductive Health** • **Human and Social Services**
How do I apply for a grant from The William and Karin Banks?
**Grant Characteristics:** • Typical award range: $500–$40,000 • Average grant amount and median grant amount data available but specific figures not disclosed in current filings **Recent Activity:** • Total giving in most recent fiscal year: $367,100 • No live grant opportunities currently listed **Geographic Focus:** The foundation primarily funds organizations in: • Virginia • Maryland • Vermont
What size grants does The William and Karin Banks award?
In 2024, The William and Karin Banks awarded 47 grants totaling $369K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The William and Karin Banks required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The William and Karin Banks reported a distributable amount of $386K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William and Karin Banks's EIN?
The William and Karin Banks's EIN (Employer Identification Number) is 01-0758677. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The William and Karin Banks's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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