Platt Foundation Inc
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 grant totaling $3K.
Platt Foundation Inc at a glance
In short: Platt Foundation Inc gave $3K across 1 grant in 2023 (avg $3K), mostly in Pennsylvania. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $3,000
- Grants made (2023)
- 1
- Average grant
- $3,000
- Median grant
- $3,000
- Total assets
- $479,682
- -1.0% vs 2022
- Primary geography
- Pennsylvania (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
Who Platt Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was Muhlenberg College ($3K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
How Platt Foundation Inc gives
- In 2023 it paid out 13% 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 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Muhlenberg College Allentown, PA | Student Tuition Schlolarship | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2023 | $479,682 | — | $4,770 | $3,000 | 1 | $3,000 | $23,624 |
| 2022 | $484,452 | $108,630 | $1,877 | — | — | — | — |
| 2021 | $378,635 | $101,093 | $3,196 | — | — | — | — |
| 2020 | $279,801 | $92,954 | $7,922 | — | — | — | — |
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.
Leadership & Key People
Officers and directors from IRS filings
Platt Foundation Inc is led by Corry Platt, President on every filing since 2020; none of the 5 officers listed in 2023 report compensation.
Officers on the 2023 filing
Corry Platt
President
On filings since 2020
No compensation reported
Charles Platt III
Vice President
V. President → Vice President, 2023
On filings since 2020
No compensation reported
Charles Platt IV
Secretary
On filings since 2020
No compensation reported
Jennifer Platt
Parliamentarian
Parliamentar → Parliamentarian, 2023
On filings since 2020
No compensation reported
Ryan Platt
Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Platt Foundation Inc
How much does Platt Foundation Inc give each year?
Platt Foundation Inc gave $3K across 1 grant in 2023, according to its 2023 IRS Form 990-PF.
How large is Platt Foundation Inc?
Platt Foundation Inc reported $480K in total assets on its 2023 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $24K (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.
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.
Where does Platt Foundation Inc operate?
Platt Foundation Inc has awarded grants in Pennsylvania.
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.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-EZ for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-EZ for fiscal year 2021 (received by the IRS November 23, 2022)
- IRS filings on file for fiscal years 2020–2023
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