The Philip Banks Memorial Trust Fund
EIN 201325553Total Given 2016–2024
$430K
8 grants · $48K avg/year
based on 9 yrs of IRS 990-PF records on file
<$100K/yr
micro funder
capacity
$60K
typical mid grants · $43K–$60K
grant size
100%
deep partner · 1/1 multi-year
repeat
$332K
Assets (2024)
1
Distinct Recipients
Focus Areas
Application Information
Accepts Unsolicited Proposals
No — Preselected Only
Contact Person
LARRY M STEWART TRUSTEE
Phone
(772) 283-8191
Deadlines
JANUARY 31 OF EACH SCHOOL YEAR
How to Apply
APPLICATIONS ARE IN THE GUIDANCE OFFICES OF HIGH SCHOOLS IN MARTIN COUNTY, FLORIDA & PUBLISHED BY INDIAN RIVER COMMUNITY COLLEGE
Restrictions
GRADUATE OF A HIGH SCHOOL IN MARTIN COUNTY, FLORIDA
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $44K | $129K | $-1K | 1 |
| 2017 | $39K | $775K | $38K | 1 |
| 2018 | $42K | $682K | $32K | 1 |
| 2020 | $60K | $699K | $16K | 1 |
| 2021 | $60K | $694K | $15K | 1 |
| 2022 | $66K | $466K | $80K | 1 |
| 2023 | $60K | $402K | $21K | 1 |
| 2024 | $60K | $332K | $14K | 1 |
Grant Size Distribution
Based on 8 grants on record
Minimum
$39K
25th Pctl
$43K
Median
$60K
Average
$54K
75th Pctl
$60K
Maximum
$66K
Geographic Distribution
Officers & Directors
LS
Larry M Stewart
8+ yrs
Trustee
LS
Larry M Stewart
8+ yrs
Trustee
LS
Larry M Stewart
8+ yrs
Trustee
LS
Larry M Stewart
8+ yrs
Trustee
LS
Larry M Stewart
8+ yrs
Trustee
LS
Larry M Stewart
8+ yrs
Trustee
LS
Larry M Stewart
8+ yrs
Trustee
LS
Larry M Stewart
8+ yrs
Trustee
Grants Awarded (8 total)
| Purpose | ||||
|---|---|---|---|---|
| Indian River State College | Ft Pierce, FL | $66,000 | EDUCATION | 2022 |
| Indian River State College | Ft Pierce, FL | $60,000 | EDUCATION | 2020 |
| Indian River State College | Ft Pierce, FL | $60,000 | EDUCATION | 2021 |
| Indian River State College | Ft Pierce, FL | $60,000 | EDUCATION | 2023 |
| Indian River State College | Ft Pierce, FL | $60,000 | EDUCATION | 2024 |
| Indian River State College | Ft Pierce, FL | $43,580 | EDUCATION | 2016 |
| Indian River State College | Ft Pierce, FL | $42,000 | EDUCATION | 2018 |
| Indian River State College | Ft Pierce, FL | $38,855 | EDUCATION | 2017 |