The Drew and Kathy Rankin Family
The Drew and Kathy Rankin Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $908K in total assets. In 2024, it awarded 9 grants totaling $50K. Net investment income was $23K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$908K
+2.1% YoY
Annual Giving
$50K
+98.4% YoY
Grant Count
9
+28.6% YoY
Avg Grant Size
$6K
+54.3% YoY
Under IRS private-foundation payout rules, The Drew and Kathy Rankin Family reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.
About The Drew and Kathy Rankin Family
Based on IRS filings
The Drew and Kathy Rankin Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $908K in total assets. In 2024, it awarded 9 grants totaling $50K. Net investment income was $23K.
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 | $907,686 | $888,941 | $604,803 |
| Revenue | $71,582 | $309,489 | $77,779 |
| Expenses | $52,837 | $25,351 | $13,350 |
| Qualifying Distributions | $51,001 | $25,200 | $10,500 |
| Net Investment Income | $22,896 | $29,343 | $6,612 |
| Distributable Amount | $46,253 | $41,106 | $26,296 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 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 include Boys and Girls Club of Mercer County ($5,555), Hope for Families ($5,555), The Gary Sinise Foundation ($5,555).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS AND GIRLS CLUB OF MERCER COUNTY TRENTON, NJ | GENERAL SUPPORT | $5,555 |
| HOPE FOR FAMILIES NEW YORK, NY | GENERAL SUPPORT | $5,555 |
| THE GARY SINISE FOUNDATION NASHVILLE, TN | GENERAL SUPPORT | $5,555 |
| GOOD GRIEF FOUNDATION MORRISTOWN, NJ | GENERAL SUPPORT | $5,555 |
| 2ND FLOOR 180 TURNING LIVES HAZLET, NJ | GENERAL SUPPORT | $5,555 |
| RONALD MCDONALD HOUSE NEW YORK, NY | GENERAL SUPPORT | $5,555 |
| RAINE FOUNDATION HAZLET, NJ | GENERAL SUPPORT | $5,555 |
| MONMOUTH COUNTY SPCA EATONTOWN, NJ | GENERAL SUPPORT | $5,555 |
| SHINE AND INSPIRE PENNINGTON, NJ | GENERAL SUPPORT | $5,555 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DOUGLAS RANKIN | PRESIDENT, TRUSTEE | 1 | — |
| COLLEEN RANKIN | SECRETARY, TRUSTEE | 1 | — |
| KRISTIN RANKIN | VICE PRESIDENT, TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Drew and Kathy Rankin Family?
The Drew and Kathy Rankin Family is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. It holds $908K in total assets as of 2024.
How large is The Drew and Kathy Rankin Family?
As of 2024, The Drew and Kathy Rankin Family holds $908K in total assets with $72K in annual revenue. It awarded 9 grants totaling $50K in 2024.
Where does The Drew and Kathy Rankin Family operate?
The Drew and Kathy Rankin Family has awarded grants in Florida, Illinois, Maryland, Montana, New Jersey, New York, Tennessee, Virginia.
What size grants does The Drew and Kathy Rankin Family award?
In 2024, The Drew and Kathy Rankin Family awarded 9 grants totaling $50K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Drew and Kathy Rankin Family required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Drew and Kathy Rankin Family reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Drew and Kathy Rankin Family's EIN?
The Drew and Kathy Rankin Family's EIN (Employer Identification Number) is 85-4305455. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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