The Banks Foundation Inc
Preselected recipients only
The Banks Foundation Inc is a private foundation in Warrenton, Virginia. In tax year 2025 it gave $151,500 in 50 grants; the typical grant was $2,000 and the largest $10,000. 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$151,500
- Number of grants50
- Typical grant$2,000
- Largest grant$10,000
- Assets$4.5 million
- New grantees28%
Giving in 2025 was down from $162,500 the year before.
28% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $158,500 | 50 | $3.4 million |
| 2024 | $162,500 | 51 | $3.8 million |
| 2025 | $151,500 | 50 | $4.5 million |
How to apply
The Banks Foundation Inc 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 Banks Foundation Inc funds
Where it gives
Its grants went to recipients in 16 states, the most to Florida.
| State | Grants | Amount |
|---|---|---|
| Florida | 12 | $49,000 |
| Virginia | 11 | $22,000 |
| California | 5 | $22,000 |
| Maryland | 4 | $13,000 |
| District of Columbia | 3 | $9,000 |
| Pennsylvania | 3 | $8,000 |
| Tennessee | 1 | $8,000 |
| Ohio | 1 | $5,000 |
| Utah | 1 | $4,000 |
| New Jersey | 2 | $3,000 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| Iwmf | General support | $10,000 |
| The First Tee | General support | $10,000 |
| Workshop for Warriors | General support | $10,000 |
| Kabul Small Animal Rescue | General support | $8,000 |
| Pachamama Alliance | General support | $8,000 |
| Dogs Inc | General support | $5,000 |
| Earthjustice Gift Processing Center | General support | $5,000 |
| Fisher House Foundation Inc | General support | $5,000 |
| Memorial Sloan Kettering Cancer Center | General support | $5,000 |
| Michael J Fox Foundation | General support | $5,000 |
| National Multiple Sclerosis Society | General support | $5,000 |
| The Association for Frontal Temporal Degeneration | General support | $5,000 |
| United Way of Palm Beach County | General support | $5,000 |
| United Way of Summit County | General support | $5,000 |
| Best Friends Animal Sanctuary | General support | $4,000 |
| Alzheimers Association | General support | $3,000 |
| BRRH Foundation | General support | $3,000 |
| Speaking of Horses Inc | General support | $3,000 |
| A Forever Home Rescue Foundation | General support | $2,000 |
| American Red Cross | General support | $2,000 |
| Amigos of Costa Rica for Animal Love Rescue Center | General support | $2,000 |
| Boys & Girls Clubs of Palm Beach County | General support | $2,000 |
| Circle A Home for Horses | General support | $2,000 |
| Diabetes Research Institute Foundation | General support | $2,000 |
| Equine Assisted Therapies of South Florida | General support | $2,000 |
| Fauquier Jewish Congregation | General support | $2,000 |
| I Support the Girls | General support | $2,000 |
| Mercy Chefs | General support | $2,000 |
| Parkinson's Foundation | General support | $2,000 |
| Peggy Adams Animal Rescue League | General support | $2,000 |
| Sprout Center | General support | $2,000 |
| The Breasties | General support | $2,000 |
| Women's Earth & Climate Action Network | General support | $2,000 |
| Wounded Warrior Project | General support | $1,500 |
| All Seated in A Barn | General support | $1,000 |
| American Brain Tumor Association | General support | $1,000 |
| American Humane Association | General support | $1,000 |
| Blue Ridge Wildlife Center | General support | $1,000 |
| Danny & Ron's Rescue | General support | $1,000 |
| Doctors Without Borders USA | General support | $1,000 |
Officers and trustees
- Valerie Amster
- Stephanie Banks
- Daniel Frazin
Questions people ask
Does The Banks Foundation Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Banks Foundation Inc give?
$151,500 in tax year 2025, across 50 grants, with a typical grant of $2,000.
Who runs The Banks Foundation Inc?
Its 2025 filing lists Valerie Amster (President), Stephanie Banks (Secretary) and Daniel Frazin (Director).
What does The Banks Foundation Inc fund?
Based on its grants, mainly animals, health and human services.