Michael D Rankin Family Foundation
Michael D Rankin Family Foundation is a private foundation, based in Harrodsburg, KY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $225K in total assets. In 2025, it awarded 1 grant totaling $37K. Net investment income was $34K.
Michael D Rankin Family Foundation at a glance
In short: Michael D Rankin Family Foundation gave $37K across 1 grant in 2025 (avg $37K), mostly in Kentucky. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $37,073
- +37.7% vs 2024
- Grants made (2025)
- 1
- -83.3% vs 2024
- Average grant
- $37,073
- +726.3% vs 2024
- Median grant
- $37,073
- Total assets
- $224,730
- -3.2% vs 2024
- Primary geography
- Kentucky (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Michael D Rankin Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of Kentucky ($37K).
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Michael D Rankin Family Foundation gives
- Giving grew 24% from 2022 to 2025. Method
- In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $9K (2020) to $37K (2025). In 2025 it made 1 grant totaling $37K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Kentucky Lexington, KY | Charitable | $37,073 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $224,730 | $34,617 | $41,984 | $37,073 | 1 | $41,119 | $33,752 | $48,126 |
| 2024 | $232,097 | $19,145 | $34,490 | $26,920 | 6 | $33,640 | $18,295 | $39,813 |
| 2023 | $248,477 | $25,632 | $31,215 | $25,977 | 1 | $29,445 | $23,862 | $29,368 |
| 2022 | $254,060 | $12,821 | $34,549 | $30,000 | 1 | $33,599 | $11,871 | $30,497 |
| 2021 | $275,703 | $18,519 | $27,920 | $18,090 | 1 | $22,648 | $15,482 | $33,637 |
| 2020 | $284,069 | $75,132 | $16,238 | $8,600 | 1 | — | $74,182 | $24,555 |
Under IRS private-foundation payout rules, Michael D Rankin Family Foundation reported a distributable amount of $48K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael D Rankin Family Foundation is led by Michael D. Rankin, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael D. Rankin
President
On filings since 2020
5 hrs/week
No compensation reported
Damon Talley
Vice President
On filings since 2020
0 hrs/week
No compensation reported
Joshua Rankin
Vice President
On filings since 2020
0 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Michael D Rankin Family Foundation
How much does Michael D Rankin Family Foundation give each year?
Michael D Rankin Family Foundation gave $37K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $27K across 6 grants.
How large is Michael D Rankin Family Foundation?
Michael D Rankin Family Foundation reported $225K in total assets on its 2025 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $48K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Michael D Rankin Family Foundation operate?
Michael D Rankin Family Foundation has awarded grants in Kentucky.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- IRS filings on file for fiscal years 2020–2024
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