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Filing year 2024

Robert J and Jennifer J Banks Charitable Trust

Wilmington, Delaware·EIN 20-6296856·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$964k
Total assets
$11.3M
Total expenses
$774k
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. Robert J and Jennifer J Banks Charitable Trust reported 4 unpaid officers and board members on its 990-PF.

Trustee
Trustee
Trustee
Trustee

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$604k

Itemized grants

10

Median grant

$4k

RecipientLocationPurposeAmount
SPRING LAKE RANCH INCSHREWSBURY, VTBanks' Expansion Project$418k
SPRING LAKE RANCH INCSHREWSBURY, VTBanks' Project$114k
PENNSYLVANIA STATE UNIVERSITYSTATE COLLEGE, PARobert J . and Jennifer J . Banks Scholarship Fund$50k
BRIDGEVILLE AREA HISTORICAL SOCIETYBRIDGEVILLE, PAGeneral & Unrestricted$10k
CLEARWATER FREE CLINIC INCCLEARWATER, FLGeneral & Unrestricted$5k
CLEARWATER SALVATION ARMY TRUSTCLEARWATER, FLGeneral & Unrestricted$3k
MARINE CORPS SCHOLARSHIP FOUNDATION INCALEXANDRIA, VAThe Basic School (TBS) 4-67 Scholarship Fund$3k
AMERICAN HEART ASSOCIATION INCDALLAS, TXGeneral & Unrestricted$1k
GROSSE POINTE WOODS FOUNDATIONGROSSE PT FRM, MIGeneral & Unrestricted$1k
LEVEEN-ROACH SCHOLARSHIP FUND OF SECESSION GOLF CLBEAUFORT, SCGeneral & Unrestricted$200
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

Robert J and Jennifer J Banks Charitable Trust reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.4M
$604k
2023
$964k
$774k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Delaware

Robert J and Jennifer J Banks Charitable Trust reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Delaware earns a median of $18,000.

25th percentile
$6k
Median
$18,000
75th percentile
$58k
90th percentile
$137k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 447 organizations across 447 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Delaware
FAQ

Common questions about Robert J and Jennifer J Banks Charitable Trust

What are Robert J and Jennifer J Banks Charitable Trust's revenue and expenses?

In 2024, Robert J and Jennifer J Banks Charitable Trust reported $964k in total revenue and $774k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($10M - $25M), because foundation pay scales with assets under management, not revenue.