Platt Foundation Inc is a private foundation focused on Education, based in CARY, NC. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $480K in total assets. In 2023, it awarded 1 grants totaling $3K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$480K
-1.0% YoY
Annual Giving
$3K
Grant Count
1
Avg Grant Size
$3K
Under IRS private-foundation payout rules, Platt Foundation Inc reported a distributable amount of $24K for 2023 — the minimum it must pay out in qualifying distributions.
About Platt Foundation Inc
Based on IRS filings
Platt Foundation Inc is a private foundation focused on Education, based in CARY, NC. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $480K in total assets. In 2023, it awarded 1 grants totaling $3K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $479,682 | $484,452 | $378,635 |
| Revenue | — | $108,630 | — |
| Expenses | $4,770 | $1,877 | — |
| Qualifying Distributions | $3,000 | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $23,624 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2023
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Muhlenberg College ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MUHLENBERG COLLEGE ALLENTOWN, PA | STUDENT TUITION SCHLOLARSHIP | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CORRY PLATT | PRESIDENT | — | — |
| RYAN PLATT | TREASURER | — | — |
| CHARLES PLATT III | VICE PRESIDENT | — | — |
| CHARLES PLATT IV | SECRETARY | — | — |
| JENNIFER PLATT | PARLIAMENTARIAN | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Platt Foundation Inc?
Platt Foundation Inc is a private foundation focused on Education, based in CARY, NC. It holds $480K in total assets as of 2023.
How large is Platt Foundation Inc?
As of 2023, Platt Foundation Inc holds $480K in total assets. It awarded 1 grants totaling $3K in 2023.
Where does Platt Foundation Inc operate?
Platt Foundation Inc has awarded grants in Pennsylvania.
What size grants does Platt Foundation Inc award?
In 2023, Platt Foundation Inc awarded 1 grants totaling $3K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Platt Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Platt Foundation Inc reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Platt Foundation Inc's EIN?
Platt Foundation Inc's EIN (Employer Identification Number) is 81-4688501. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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