Shank Family Foundation
Shank Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sarasota, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 12 grants totaling $1.3M. Net investment income was $249K.
Key facts about Shank Family Foundation
- EIN
- 26-1609483
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,312,667
- Grants made (2024)
- 12
- Average grant
- $109,389
- Median grant
- $10,000
- Total assets
- $2,670,007
- Primary geography
- Minnesota (83% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Shank Family Foundation funds
By grant dollars, the top recipient states for Shank Family Foundation's 12 itemized 2024 grants were Minnesota (83%) and Florida (13%). The most frequent recipient cities were Minneapolis, MN (4 grants), Sarasota, FL (3 grants) and New York, NY (3 grants). 42% of grants with a stated purpose were for general or operating support.
How Shank Family Foundation gives
- 60% of 2024 grantees were also funded in 2023. Method
- Giving grew 119% from 2021 to 2024. Method
- In 2024 it paid out 691% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Shank Family Foundation
- How to evaluate Shank Family Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
-27.3% YoY
Annual Giving
$1.3M
+374.5% YoY
Grant Count
12
+50.0% YoY
Avg Grant Size
$109K
+216.3% YoY
Under IRS private-foundation payout rules, Shank Family Foundation reported a distributable amount of $191K for 2024 — the minimum it must pay out in qualifying distributions.
About Shank Family Foundation
Based on IRS filings
Shank Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sarasota, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 12 grants totaling $1.3M. Net investment income was $249K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,670,007 | $3,673,427 | $3,625,700 |
| Revenue | $398,491 | $419,856 | $-48,323 |
| Expenses | $1,331,472 | $290,499 | $256,267 |
| Qualifying Distributions | $1,316,667 | $280,712 | $231,407 |
| Net Investment Income | $249,236 | $292,875 | $64,201 |
| Distributable Amount | $190,587 | $197,741 | $204,361 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Walker Art Center ($1,020,000 across 3 grants), The John and Mable Ringling Museum of Ar ($166,667), International Rescue Committee ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Walker Art Center Minneapolis, MN | To support the endowment. | $1,000,000 |
| The John and Mable Ringling Museum of Ar Sarasota, FL | Endowment for Curator of Performance | $166,667 |
| International Rescue Committee Albert Lea, MN | To support general operations. | $50,000 |
| Twin Cities Rise Minneapolis, MN | To support general operations. | $25,000 |
| SPOON Portland, OR | To support general operations. | $25,000 |
| Planned Parenthood Federation of Am New York, NY | To support reproductive healthcare and education efforts. | $10,000 |
| The Walker Art Center Minneapolis, MN | To support the 2024 Avant Garden fundraising event. | $10,000 |
| The Walker Art Center Minneapolis, MN | To support the 2023 Avant Garden fundraising event. | $10,000 |
| The John and Mable Ringling Museum Sarasota, FL | To fund general operations. | $5,000 |
| Columbia University Irving Medical New York, NY | To support Dr. Matthew Maurer's research on myocardial amyloidosis operations. | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Susan Shank | President/Treas | 1 | — |
| Judith Shank | Vice President | 1 | — |
| Stephen Shank | Secretary | 1 | — |
| Mary Retzlaff | Director | 1 | — |
| Todd Retzlaff | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Shank Family Foundation?
Shank Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sarasota, FL. It holds $2.7M in total assets as of 2024.
How large is Shank Family Foundation?
As of 2024, Shank Family Foundation holds $2.7M in total assets with $398K in annual revenue. It awarded 12 grants totaling $1.3M in 2024.
Where does Shank Family Foundation operate?
Shank Family Foundation has awarded grants in Florida, Massachusetts, Minnesota, New York, Oregon, Pennsylvania.
What size grants does Shank Family Foundation award?
In 2024, Shank Family Foundation awarded 12 grants totaling $1.3M — an average of about $109K per grant, based on its IRS Form 990 filings.
How much is Shank Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Shank Family Foundation reported a distributable amount of $191K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Shank Family Foundation's EIN?
Shank Family Foundation's EIN (Employer Identification Number) is 26-1609483. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.