Michael D Rankin Family Foundation
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
6
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.