Rankin Foundation

CHICAGO, IL EIN: 92-0766808

Rankin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $3.9M in total assets. In 2024, it awarded 3 grants totaling $427K. Net investment income was $896K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.9M

+28.0% YoY

Annual Giving

$427K

+277.9% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$142K

+151.9% YoY

Under IRS private-foundation payout rules, Rankin Foundation reported a distributable amount of $139K for 2024 — the minimum it must pay out in qualifying distributions.

About Rankin Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $300K (56%)

District of Columbia $200K (37%)

Illinois $40K (7%)

States

District of Columbia Illinois Pennsylvania

Cities

PittsburgWashingtonWinnetka

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,899,877	$3,046,074	$1,709,039
Revenue	$1,239,764	$1,432,978	$1,721,535
Expenses	$391,505	$348,218	$12,496
Qualifying Distributions	$441,291	$140,486	$12,481
Net Investment Income	$895,885	$1,399,366	$1,721,520
Distributable Amount	$138,657	$68,599	—

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 Carnegie Mellon University ($300,000), The Pew Charitable Trusts ($107,000), March Fourth ($20,000).

Recipient	Purpose	Amount
CARNEGIE MELLON UNIVERSITY PITTSBURG, PA	FOR THE ENGINEERING RESILLENCE FOR CLIMATE ADAPTATION FUND.	$300,000
MARCH FOURTH WINNETKA, IL	TO BRING MORE AWARENESS TO THE GENERAL PUBLIC ABOUT MASS SHOOTINGS THROUGH EDUCATION AND CONVENINGS.	$20,000
THE PEW CHARITABLE TRUSTS WASHINGTON, DC	TO PROVIDE TECHNICAL ASSISTANCE TO LOUISIANA ECONOMIC DEVELOPMENT IN EVALUATING THE STATE'S READINESS FOR ATTRACTING AND EXPANDING OFFSHORE WIND ENERGY SUPPLY CHAIN INDUSTRIES AND TO ORGANIZE A SUPPLY CHAIN SYMPOSIUM IN LOUISIANA.	$107,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
YEMING S RANKIN	PRESIDENT	5	—
AARON E RANKIN	SECRETARY/TREASURER	5	—
JUDITH RANKIN	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Rankin Foundation?

Rankin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $3.9M in total assets as of 2024.

How large is Rankin Foundation?

As of 2024, Rankin Foundation holds $3.9M in total assets with $1.2M in annual revenue. It awarded 3 grants totaling $427K in 2024.

Where does Rankin Foundation operate?

Rankin Foundation has awarded grants in District of Columbia, Illinois, Pennsylvania.

What size grants does Rankin Foundation award?

In 2024, Rankin Foundation awarded 3 grants totaling $427K — an average of about $142K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2024, Rankin Foundation reported a distributable amount of $139K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.