Michael D Rankin Family Foundation

HARRODSBURG, KY EIN: 83-2711555

Michael D Rankin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HARRODSBURG, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $232K in total assets. In 2024, it awarded 6 grants totaling $27K. Net investment income was $18K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$232K

-6.6% YoY

Annual Giving

$27K

+3.6% YoY

Grant Count

+500.0% YoY

Avg Grant Size

$4K

-82.7% YoY

Under IRS private-foundation payout rules, Michael D Rankin Family Foundation reported a distributable amount of $40K for 2024 — the minimum it must pay out in qualifying distributions.

About Michael D Rankin Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Ready to take the next step with Michael D Rankin Family Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $110K (100%)

States

Kentucky

Cities

DanvilleFrankfortLexington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$232,097	$248,477	$254,060
Revenue	$19,145	$25,632	$12,821
Expenses	$34,490	$31,215	$34,549
Qualifying Distributions	$33,640	$29,445	$33,599
Net Investment Income	$18,295	$23,862	$11,871
Distributable Amount	$39,813	$29,368	$30,497

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include University of Kentucky ($21,000), Mcdowell House Museum ($3,088), Preservation Kentucky ($1,035).

Recipient	Purpose	Amount
UNIVERSITY OF KENTUCKY LEXINGTON, KY	CHARITABLE	$21,000
PRESERVATION KENTUCKY FRANKFORT, KY	CHARITABLE	$1,035
MCDOWELL HOUSE MUSEUM DANVILLE, KY	CHARITABLE	$3,088
GREENHOUSE 17 INC LEXINGTON, KY	CHARITABLE	$297
INDIAN HILLS CHRISTIAN CHURCH DANVILLE, KY	CHARITABLE-FLOOD RELIEF	$1,000
CAPITAL OVARIAN CANCER ORGANIZATION FRANKFORT, KY	CHARITABLE	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL D RANKIN	PRESIDENT	5	—
DAMON TALLEY	VICE-PRESIDENT	0.01	—
JOSHUA RANKIN	VICE-PRESIDENT	0.01	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Michael D Rankin Family Foundation?

Michael D Rankin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HARRODSBURG, KY. It holds $232K in total assets as of 2024.

How large is Michael D Rankin Family Foundation?

As of 2024, Michael D Rankin Family Foundation holds $232K in total assets with $19K in annual revenue. It awarded 6 grants totaling $27K in 2024.

Where does Michael D Rankin Family Foundation operate?

Michael D Rankin Family Foundation has awarded grants in Kentucky.

What size grants does Michael D Rankin Family Foundation award?

In 2024, Michael D Rankin Family Foundation awarded 6 grants totaling $27K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Michael D Rankin Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael D Rankin Family Foundation reported a distributable amount of $40K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Michael D Rankin Family Foundation's EIN?

Michael D Rankin Family Foundation's EIN (Employer Identification Number) is 83-2711555. IRS Form 990 filing data is available on this page for 2020–2024.