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
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
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 |
|---|---|---|---|
| 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
Related Funders
Similar funders by location and focus area
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Total Given
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Assets
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Total Given
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Mayfield Scholastic Ltd
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Assets
—
Grants
1
Total Given
$38K
Baltimore Curriculum Project Inc
BALTIMORE, MD
Assets
$17.3M
Grants
6
Total Given
$2.7M
Government Employees' Benefit
HANOVER, MD
Assets
$3K
Grants
43
Total Given
$108K
Charles F and Margaret Mh Obrecht
BALTIMORE, MD
Assets
$1.2M
Grants
79
Total Given
$131K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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