The Plank Family Foundation Inc
The Plank Family Foundation Inc is a private foundation, based in Brooklandville, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.5M in total assets. In 2024, it awarded 9 grants totaling $1.7M. Net investment income was $302K.
The Plank Family Foundation Inc at a glance
In short: The Plank Family Foundation Inc gave $1.7M across 9 grants in 2024 (avg $192K), mostly in Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,731,377
- +108.6% vs 2023
- Grants made (2024)
- 9
- +200.0% vs 2023
- Average grant
- $192,375
- -30.5% vs 2023
- Median grant
- $21,800
- Total assets
- $11,469,431
- +37.0% vs 2023
- Primary geography
- Maryland (99% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Plank Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Best Is Ahead Foundation Inc ($1.0M). Together the top 8 received $1.7M.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 19 grants of 41 (46%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How The Plank Family Foundation Inc gives
- Giving grew 125% from 2021 to 2024. Method
- In 2024 it paid out 433% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $665K (2022) to $1.7M (2024). In 2024 it made 9 grants totaling $1.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Best Is Ahead Foundation Inc College Park, MD | 2024 Donation | $1,000,000 |
| University of Maryland College Park, MD | Terrapin Club Impact Fund Gift | $500,000 |
| Johns Hopkins Bayview Medical Center Batlimore, MD | 2024 Donation | $100,000 |
| Westlake Youth Athletic Association Waldorf, MD | 2024 Donation | $75,000 |
| Best Buddies International Miami, FL | 2023 Best Buddies Miami Gala Sponsorship | $21,800 |
| University of Maryland College Park, MD | Donation of Speaker System for Football Tunnel | $19,577 |
| Maplewood Athletic Association Inc Bethesda, MD | 2024 Donation | $5,000 |
| Glyndon Fire Department Glyndon, MD | 2024 Donation | $5,000 |
| Chestnut Ridge Fire Department Owings Mills, MD | 2024 Donation | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $11,469,431 | $4,845,069 | $1,747,972 | $1,731,377 | 9 | $1,731,377 | $302,282 | $399,620 |
| 2023 | $8,372,334 | $171,560 | $840,146 | $830,000 | 3 | $830,000 | $158,987 | $332,962 |
| 2022 | $9,040,920 | $140,763 | $667,929 | $665,000 | 6 | $665,000 | $118,924 | $361,406 |
| 2021 | $9,568,086 | $134,508 | $788,494 | $770,000 | 12 | $770,000 | $124,897 | $439,258 |
| 2020 | $10,222,072 | $83,932 | $1,387,240 | $1,347,800 | 11 | — | $171,970 | $518,120 |
Under IRS private-foundation payout rules, The Plank Family Foundation Inc reported a distributable amount of $400K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Plank Family Foundation Inc is led by Kevin A. Plank, President & Treasurer on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Kevin A. Plank
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Desiree Jacqueline Plank
Vice President
On filings since 2020
1 hr/week
No compensation reported
Thomas J. Sippel
Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Plank Family Foundation Inc
How much does The Plank Family Foundation Inc give each year?
The Plank Family Foundation Inc gave $1.7M across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $830K across 3 grants.
What is The Plank Family Foundation Inc's typical grant size?
The Plank Family Foundation Inc's median grant in 2024 was $21,800, and its average grant was $192,375, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Plank Family Foundation Inc give grants?
The Plank Family Foundation Inc gives mostly in Maryland: 99% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were College Park, MD (3 grants).
Does The Plank Family Foundation Inc give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on The Plank Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "2024 Donation" (6 grants).
Who are The Plank Family Foundation Inc's largest grantees?
The Plank Family Foundation Inc's largest 2024 grantees include Best Is Ahead Foundation Inc ($1,000,000), University of Maryland ($519,577 across 2 grants) and Johns Hopkins Bayview Medical Center ($100,000), according to its 2024 IRS Form 990-PF. Together they received 94% of its itemized 2024 grant dollars.
How large is The Plank Family Foundation Inc?
The Plank Family Foundation Inc reported $11.5M in total assets on its 2024 IRS Form 990-PF. It paid out $1.7M in qualifying distributions that year, against a required minimum of $400K (roughly 5% of its investment assets).
What is The Plank Family Foundation Inc's EIN?
The Plank Family Foundation Inc's EIN (Employer Identification Number) is 26-1300940. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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