The Philip Banks Memorial Trust Fund
Preselected recipients only
The Philip Banks Memorial Trust Fund is a private foundation in Stuart, Florida. In tax year 2025 it gave $62,311 in 1 grant; the typical grant was $62,311 and the largest $62,311. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$62,311
- Number of grants1
- Typical grant$62,311
- Largest grant$62,311
- Assets$254,239
- New grantees100%
Giving in 2025 was up from $60,000 the year before.
100% of its 2025 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $60,000 | 1 | $402,431 |
| 2024 | $60,000 | 1 | $331,694 |
| 2025 | $62,311 | 1 | $254,239 |
How to apply
The Philip Banks Memorial Trust Fund says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What The Philip Banks Memorial Trust Fund funds
Where it gives
All of its grants went to recipients in Florida.
| State | Grants | Amount |
|---|---|---|
| Florida | 1 | $62,311 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Indian River State College Foundati | Education | $62,311 |
Officers and trustees
- Larry M Stewart
Questions people ask
Does The Philip Banks Memorial Trust Fund accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Philip Banks Memorial Trust Fund give?
$62,311 in tax year 2025, across 1 grant, with a typical grant of $62,311.
Who runs The Philip Banks Memorial Trust Fund?
Its 2025 filing lists Larry M Stewart (Trustee).
What does The Philip Banks Memorial Trust Fund fund?
Based on its grants, mainly education and environment and conservation.