O H Rankin Foundation

CHARLOTTE, NC EIN: 23-7005335

O H Rankin Foundation is a private foundation, based in CHARLOTTE, NC. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.6M in total assets. In 2024, it awarded 3 grants totaling $251K. Net investment income was $425K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.6M

+4.0% YoY

Annual Giving

$251K

-4.0% YoY

Grant Count

+200.0% YoY

Avg Grant Size

$84K

-68.0% YoY

Under IRS private-foundation payout rules, O H Rankin Foundation reported a distributable amount of $299K for 2024 — the minimum it must pay out in qualifying distributions.

About O H Rankin Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $535K (68%)

Pennsylvania $250K (32%)

States

North Carolina Pennsylvania

Cities

CharlotteJenkintown

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,598,332	$4,422,941	$4,557,536
Revenue	$510,084	$203,675	$668,294
Expenses	$335,699	$334,077	$359,025
Qualifying Distributions	$253,950	$261,500	$272,362
Net Investment Income	$425,231	$60,346	$79,844
Distributable Amount	$298,853	$282,842	$301,689

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include National Philanthropic Trust ($200,000), National Philanthropic Trust ($50,000), Charlotte Latin School ($1,000).

Recipient	Purpose	Amount
NATIONAL PHILANTHROPIC TRUST JENKINTOWN, PA	CHARITABLE PURPOSES MEETING 501(C)(3	$50,000
CHARLOTTE LATIN SCHOOL CHARLOTTE, NC	SUPPORT OF ACADEMICS, FINANCIAL ASST	$1,000
NATIONAL PHILANTHROPIC TRUST JENKINTOWN, PA	CHARITABLE PURPOSES MEETING 501(C)(3	$200,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BETTY R HECHENBLEIKNER	SECRETARY/TR	—	—
SAMUEL B RANKIN	PRESIDENT/CH	—	—
MICHAEL O'H RANKIN	ASST SECRETA	—	—
ELLEN RANKIN	VICE PRESIDE	—	—
MASON RANKIN	BOARD OF DIR	—	—
NANCY HECHENBLEIKNER COLEY	BOARD OF DIR	—	—

Frequently Asked Questions

How large is O H Rankin Foundation?

As of 2024, O H Rankin Foundation holds $4.6M in total assets with $510K in annual revenue. It awarded 3 grants totaling $251K in 2024.

Where does O H Rankin Foundation operate?

O H Rankin Foundation has awarded grants in North Carolina, Pennsylvania.

What size grants does O H Rankin Foundation award?

In 2024, O H Rankin Foundation awarded 3 grants totaling $251K — an average of about $84K per grant, based on its IRS Form 990 filings.

How much is O H Rankin Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, O H Rankin Foundation reported a distributable amount of $299K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.