The Hankins Foundation
The Hankins Foundation is a private foundation established in 1952 and based in Cleveland, Ohio. The foundation operates as a family foundation focused on philanthropic grantmaking across multiple states.
Key facts about The Hankins Foundation
- EIN
- 34-6565426
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $561,500
- Grants made (2024)
- 57
- Average grant
- $9,851
- Median grant
- $6,000
- New grantees (estimate)
- 25% first-time grantees (14 of 57, 2024)
- Total assets
- $4,936,380
- Primary geography
- Ohio (81% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Hankins Foundation funds
By grant dollars, the top recipient states for The Hankins Foundation's 57 itemized 2024 grants were Ohio (81%), Texas (9%) and Kansas (6%). The most frequent recipient cities were Cleveland, OH (27 grants), Dallas, TX (6 grants), Chagrin Falls, OH (3 grants) and Cleveland OH, OH (2 grants). 100% of grants with a stated purpose were for general or operating support.
Is The Hankins Foundation open to new grantees?
25%
first-time grantees, 2024
In 2024, 14 of 57 grantees (25%) were first-time recipients. First grants averaged $8K; repeat grants $10K. How we count
Medians: $5K first-time, $10K repeat.
- 65% of 2024 grantees were also funded in 2023. Method
- Giving grew 89% from 2021 to 2024. Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). 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 The Hankins Foundation
- How to evaluate The Hankins Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
+5.1% YoY
Annual Giving
$562K
-1.0% YoY
Grant Count
57
+7.5% YoY
Avg Grant Size
$10K
-7.9% YoY
Under IRS private-foundation payout rules, The Hankins Foundation reported a distributable amount of $604K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 57 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $4,936,380 (as of 2024)
- Total Giving: $561,500 (2024)
- EIN: 34-6565426
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,936,380 | $4,698,193 | $4,571,097 |
| Revenue | $914,494 | $743,234 | $382,077 |
| Expenses | $676,366 | $614,234 | $525,470 |
| Qualifying Distributions | $561,500 | $567,015 | $514,000 |
| Net Investment Income | $809,628 | $706,015 | $380,307 |
| Distributable Amount | $603,961 | $506,252 | $485,306 |
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
273 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Ohio Foundation of Independent Colleges ($30,000), Western Reserve Academy ($30,000), Cleveland Play House ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Ohio Foundation of Independent Colleges Columbus, OH | General Support of the Organization | $30,000 |
| Western Reserve Academy Hudson, OH | General Support of the Organization | $30,000 |
| Cleveland Play House Cleveland, OH | General Support of the Organization | $25,000 |
| American Red Cross Cleveland, OH | General Support of the Organization | $20,000 |
| Beech Brook Chagrin Falls, OH | General Support of the Organization | $20,000 |
| Benjamin Rose Institute on Aging Cleveland, OH | General Support of the Organization | $20,000 |
| Circle Health Clinic Cleveland, OH | General Support of the Organization | $20,000 |
| Hathaway Brown School Shaker Heights, OH | General Support of the Organization | $20,000 |
| HonorHealth Foundation Scottsdale, AZ | General Support of the Organization | $20,000 |
| Fieldstone Farm Therapeutic Riding Center Chagrin Falls, OH | General Support of the Organization | $16,000 |
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 |
|---|---|---|---|
| Suzanne Martin | Trustee | 1 | — |
| Richard R Hollington Jr | Trustee | 1 | — |
| Kristin M Lambeth | Trustee | 1 | — |
| Michael Tarwater | Trustee | 1 | — |
| Lorie H Smith | Trustee | 1 | — |
Contact Information
Address: C/O David Page, 127 Public Square St, Cleveland, OH 44114, United States
Telephone: 216-861-6115
Frequently Asked Questions
What does The Hankins Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from The Hankins Foundation?
**Grant Amounts:** Typical awards range from $500 to $32,000. **Annual Giving:** The foundation distributed $561,500 in total giving according to its most recent IRS Form 990 filing (2024). **Geographic Focus:** The foundation primarily funds organizations in Ohio, Texas, and Kansas.
What size grants does The Hankins Foundation award?
In 2024, The Hankins Foundation awarded 57 grants totaling $562K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Hankins Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Hankins Foundation reported a distributable amount of $604K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Hankins Foundation's EIN?
The Hankins Foundation's EIN (Employer Identification Number) is 34-6565426. 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. Research dossier generated April 2026.