Funder DirectoryTHE PHILIP BANKS MEMORIAL TRUST FUND
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Private foundation (trust)EIN 201325553Est. 2004-10

THE PHILIP BANKS MEMORIAL TRUST FUND

STUART, FL 34995

Accepts unsolicited proposals

Total Assets

$332K

FY 2024

Annual Giving

$60K

FY 2024

Grants Made

1

FY 2024

Avg Grant

$60K

FY 2024

Grant Range

$60K–$60K

Typical

Deadlines

January 31 of each school year

Applications

Focus Areas

Private Independent Foundations

Financial Snapshot

2024 filing

Total Revenue

$14K

Total Expenses

$92K

Qualifying Distributions

$60K

Distributable Amount

$16K

Min. Investment Return

$16K

Payout rate 100%Arc chart showing what share of IRS distributable amount was paid out as qualifying distributions in the latest filing.100%

Payout rate

Qualifying distributions as a share of distributable amount.

Giving Over Time

6 years

Giving over time from 2018 to 2024. Peak $66K in 2022. Hover bars for details.

Total dollars recorded per filing year. Scale adjusts to the foundation's range.

Top Recipients

6 grants

INDIAN RIVER STATE COLLEGE
$348K
6 grants

Grant Size Distribution

6 grants

<$10K
$10–50K
1
grants
$50–250K
5
grants
$250K–1M
$1–5M
$5M+

Geographic Focus

1 states

Florida
$348K
100% of total

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THE PHILIP BANKS MEMORIAL TRUST FUND — Grants, Financials & Contact | Grantivo