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
3
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
What is Rankin Foundation's EIN?
Rankin Foundation's EIN (Employer Identification Number) is 92-0766808. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Rankin Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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