The William and Karin Banks
The William and Karin Banks is a private foundation based in Bethesda, Maryland. Its 2025 filing reports grants to charitable organizations, including organizations working in health care, crisis support, youth workforce development, animal rescue, and homelessness services.
The William and Karin Banks at a glance
In short: The William and Karin Banks gave $381K across 50 grants in 2025 (avg $8K), mostly in Virginia. 10% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $380,550
- +3.1% vs 2024
- Grants made (2025)
- 50
- +6.4% vs 2024
- Average grant
- $7,611
- -3.1% vs 2024
- Median grant
- $5,000
- Total assets
- $7,110,715
- +5.7% vs 2024
- New grantees (estimate)
- 10% first-time grantees (5 of 50, 2025)
- Primary geography
- Virginia (52% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The William and Karin Banks
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 6500 Rock Spring Drive 200, Bethesda, MD 20817
Phone: (301) 571-1900
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The William and Karin Banks funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Loudoun Club 12 ($30K). Together the top 10 received $189K.
Grant Size Distribution
244 grants across all recorded years
The most common grant size was under $50K: 244 grants of 244 (100%).
Geographic Focus
Where this funder awards grants
In 2025, the largest shares of grant dollars went to recipients in Virginia (52%), Maryland (13%), Vermont (11%), Washington, DC (9%), and California (4%).
Grant Distribution by State
Share of 2025 grant dollars across all 50 itemized grants.
States
Cities
Is The William and Karin Banks open to new grantees?
10%
first-time grantees, 2025
In 2025, 5 of 50 grantees (10%) were first-time recipients. First grants averaged $8K; repeat grants $8K. How we count
Medians: $7K first-time, $5K repeat.
- 88% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 91% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $318K (2021) to $397K (2022). In 2025 it made 50 grants totaling $381K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Loudoun Club 12 Leesburg, VA | Foundation Donation | $30,000 |
| Highland Medical Center Monterey, VA | Foundation Donations | $24,500 |
| DC Rape Crisis Center Washington, DC | Foundation Donation | $22,500 |
| Safe Harbor Richmond, VA | Foundation Donation | $22,500 |
| Alexandria Seaport Foundation Alexandria, VA | Foundation Donations | $15,000 |
| Bolar Volunteer Fire Company Warm Springs, VA | Foundation Donations | $15,000 |
| Garth Newel Warm Springs, VA | Foundation Donations | $15,000 |
| Highland Center Monterey, VA | Foundation Donations | $15,000 |
| Blood Stained Men Davis, CA | Foundation Donation | $15,000 |
| Virginia Horse Center Foundation Co Jennifer Donovan Lexington, VA | Foundation Donations | $14,500 |
Ready to take the next step with The William and Karin Banks?
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 | $7,110,715 | $798,236 | $417,306 | $380,550 | 50 | $380,550 | $787,462 | $417,050 |
| 2024 | $6,729,785 | $630,089 | $398,053 | $369,100 | 47 | $367,100 | $629,918 | $385,714 |
| 2023 | $6,497,749 | $608,671 | $366,554 | $344,000 | 49 | $346,100 | $605,038 | $348,769 |
| 2022 | $6,255,632 | $322,678 | $422,332 | $396,550 | 52 | $398,650 | $301,345 | $362,359 |
| 2021 | $6,355,286 | $359,200 | $339,575 | $317,550 | 46 | $319,650 | $342,875 | $385,009 |
| 2020 | $6,335,661 | $-32,984 | $358,740 | $331,550 | 56 | — | $258,450 | $337,301 |
Under IRS private-foundation payout rules, The William and Karin Banks reported a distributable amount of $417K for 2025 — the minimum it must pay out in qualifying distributions.
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 show support for a range of charitable organizations. For example, Highland Medical Center says it provides affordable health care and supports community health; DC Rape Crisis Center describes its mission as creating a world free of sexual violence; and Safe Harbor says it supports survivors of sexual and domestic violence and human trafficking. Alexandria Seaport Foundation says it builds workforce skills, self-worth, and community for disconnected youth through woodworking and boat building. Other supported organizations include groups whose stated missions address animal rescue, homelessness, LGBTQ+ youth, and education for vulnerable children in India.
Grantmaking
In 2025, the foundation reported 50 grants totaling $380,550. Grant amounts ranged from $500 to $30,000, with a median of $5,000.
Among the largest reported grants were $30,000 to Loudoun Club 12 in Leesburg, Virginia; $24,500 to Highland Medical Center in Monterey, Virginia; and $22,500 each to DC Rape Crisis Center in Washington, DC, and Safe Harbor in Richmond, Virginia. Other grants included $15,000 to Alexandria Seaport Foundation and $13,550 to Maryland Institute College of Art.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Karin Banks as president and Harald Mangold as vice-president.
The William and Karin Banks is led by Karin Banks, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karin Banks
President
On filings since 2020
No compensation reported
Harald Mangold
Vice President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The William and Karin Banks
How much does The William and Karin Banks give each year?
The William and Karin Banks gave $381K across 50 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $369K across 47 grants.
What is The William and Karin Banks's typical grant size?
The William and Karin Banks's median grant in 2025 was $5,000, and its average grant was $7,611, across 50 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The William and Karin Banks that year got $8K on average.
Where does The William and Karin Banks give grants?
The William and Karin Banks gives mostly in Virginia: 52% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Maryland (13%) and Vermont (11%). The most frequent recipient cities were Monterey, VA (6 grants), Warm Springs, VA (3 grants), Washington, DC (3 grants) and Alexandria, VA (3 grants).
Does The William and Karin Banks give general operating support?
Not in 2025: none of the 50 grants with a stated purpose on The William and Karin Banks's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Foundation Donations" (38 grants) and "Foundation Donation" (12 grants).
Who are The William and Karin Banks's largest grantees?
The William and Karin Banks's largest 2025 grantees include Loudoun Club 12 ($30,000), Highland Medical Center ($24,500) and DC Rape Crisis Center ($22,500), according to its 2025 IRS Form 990-PF. Together they received 20% of its itemized 2025 grant dollars.
How large is The William and Karin Banks?
The William and Karin Banks reported $7.1M in total assets on its 2025 IRS Form 990-PF. It paid out $381K in qualifying distributions that year, against a required minimum of $417K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The William and Karin Banks fund?
No mission statement for the foundation is provided. Its 2025 grants show support for a range of charitable organizations. See mission & focus areas ↑
How do I apply for a grant from The William and Karin Banks?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2025.
Does The William and Karin Banks accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 3, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
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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Cite this profile
Grantable. (2026). The William and Karin Banks funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/the-william-and-karin-banks-morg_d53567d9eb784296850ca688bdc6abb2
BibTeX
@misc{grantable_010758677_2026,
author = {{Grantable}},
title = {{The William and Karin Banks funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-william-and-karin-banks-morg_d53567d9eb784296850ca688bdc6abb2},
note = {Accessed 2026-10-11. 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 William and Karin Banks'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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