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Filing year 2024

THE WILLIAM AND KARIN BANKS FOUNDATION INC

Bethesda, Maryland·EIN 01-0758677·NTEE T22 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$630k
Total assets
$6.7M
Total expenses
$398k
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. THE WILLIAM AND KARIN BANKS FOUNDATION INC reported 2 unpaid officers and board members on its 990-PF.

President
Vice-president

Grants paid

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

Total granted

$367k

Itemized grants

48

Median grant

$5k

RecipientLocationPurposeAmount
TLI FOUNDATIONMCLEAN, VAFOUNDATION DONATION$40k
MARYLAND INSTITUTE COLLEGE OF ARTBALTIMORE, MDFOUNDATION DONATIONS$27k
HIGHLAND MEDICAL CENTERMONTEREY, VAFOUNDATION DONATIONS$25k
DC RAPE CRISIS CENTERWASHINGTON, DCFOUNDATION DONATION$20k
SAFE HARBORRICHMOND, VAFOUNDATION DONATION$20k
ALEXANDRIA SEAPORT FOUNDATIONALEXANDRIA, VAFOUNDATION DONATIONS$15k
BOLAR VOLUNTEER FIRE COMPANYWARM SPRINGS, VAFOUNDATION DONATIONS$15k
GARTH NEWELWARM SPRINGS, VAFOUNDATION DONATIONS$15k
HIGHLAND CENTERMONTEREY, VAFOUNDATION DONATIONS$15k
VIRGINIA HORSE CENTER FOUNDATION CO JENNIFER DONOVANLEXINGTON, VAFOUNDATION DONATIONS$15k
EQUINE RESCUE LEAGUELEESBURG, VAFOUNDATION DONATIONS$11k
SHANTI BHAVAN CHILDREN'S PROJECTBELLEVUE, WAFOUNDATION DONATION$10k
GERDAS EQUINE RESCUEWEST TOWNSHEND, VTFOUNDATION DONATIONS$8k
PARTNERS IN HEALTHFREDERICK, MDFOUNDATION DONATIONS$8k
SOLABOSTON, MAFOUNDATION DONATION$8k
WATERORGKANSAS CITY, MOFOUNDATION DONATIONS$8k
GENTEL GIANTS DRAFT HORSE RESCUEMOUNT AIRY, MDFOUNDATION DONATION$8k
COMMITTEE ON TEMPORARY SHELTER (COTS)BURLINGTON, VTFOUNDATION DONATIONS$6k
HUMANE SOCIETY OF CHITTENDEN COUNTYSOUTH BURLINGTON, VTFOUNDATION DONATIONS$6k
OUTRIGHT VERMONTSHELBURNE, VTFOUNDATION DONATIONS$6k
PLANNED PARENTHOOD OF BURLINGTON VTBURLINGTON, VTFOUNDATION DONATIONS$6k
SAIL BEYOND CANCER VTBURLINGTON, VTFOUNDATION DONATIONS$6k
AMERICAN RED CROSS OF THE NATIONAL CAPITAL AREAFAIRFAX, VAFOUNDATION DONATIONS$5k
CARE GIFT CENTERMERRIFIELD, VAFOUNDATION DONATIONS$5k
CHESAPEAKE BAY FOUNDATIONANNAPOLIS, MDFOUNDATION DONATIONS$5k
Compare this foundation's grantees
Financial trend

Revenue and expenses over time

THE WILLIAM AND KARIN BANKS FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$609k
$367k
2023
$630k
$398k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Maryland

THE WILLIAM AND KARIN BANKS FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Maryland earns a median of $40,778.

25th percentile
$12k
Median
$40,778
75th percentile
$115k
90th percentile
$207k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 389 organizations across 389 filings (2021 – 2024).

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

Common questions about THE WILLIAM AND KARIN BANKS FOUNDATION INC

What are THE WILLIAM AND KARIN BANKS FOUNDATION INC's revenue and expenses?

In 2024, THE WILLIAM AND KARIN BANKS FOUNDATION INC reported $630k in total revenue and $398k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.