The Plank Family Foundation Inc
The Plank Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.5M
+37.0% YoY
Annual Giving
$1.7M
+108.6% YoY
Grant Count
9
+200.0% YoY
Avg Grant Size
$192K
-30.5% YoY
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.
About The Plank Family Foundation Inc
Based on IRS filings
The Plank Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $11,469,431 | $8,372,334 | $9,040,920 |
| Revenue | $4,845,069 | $171,560 | $140,763 |
| Expenses | $1,747,972 | $840,146 | $667,929 |
| Qualifying Distributions | $1,731,377 | $830,000 | $665,000 |
| Net Investment Income | $302,282 | $158,987 | $118,924 |
| Distributable Amount | $399,620 | $332,962 | $361,406 |
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
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Best Is Ahead Foundation Inc ($1,000,000), University of Maryland ($500,000), Johns Hopkins Bayview Medical Center ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BEST IS AHEAD FOUNDATION INC COLLEGE PARK, MD | 2024 DONATION | $1,000,000 |
| MAPLEWOOD ATHLETIC ASSOCIATION INC BETHESDA, MD | 2024 DONATION | $5,000 |
| BEST BUDDIES INTERNATIONAL MIAMI, FL | 2023 BEST BUDDIES MIAMI GALA SPONSORSHIP | $21,800 |
| UNIVERSITY OF MARYLAND COLLEGE PARK, MD | TERRAPIN CLUB IMPACT FUND GIFT | $500,000 |
| WESTLAKE YOUTH ATHLETIC ASSOCIATION WALDORF, MD | 2024 DONATION | $75,000 |
| GLYNDON FIRE DEPARTMENT GLYNDON, MD | 2024 DONATION | $5,000 |
| JOHNS HOPKINS BAYVIEW MEDICAL CENTER BATLIMORE, MD | 2024 DONATION | $100,000 |
| UNIVERSITY OF MARYLAND COLLEGE PARK, MD | DONATION OF SPEAKER SYSTEM FOR FOOTBALL TUNNEL | $19,577 |
| CHESTNUT RIDGE FIRE DEPARTMENT OWINGS MILLS, MD | 2024 DONATION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN A PLANK | PRESIDENT/TREASURER | 1 | — |
| DESIREE JACQUELINE PLANK | VICE PRESIDENT | 1 | — |
| THOMAS J SIPPEL | VICE PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Plank Family Foundation Inc?
The Plank Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BROOKLANDVILLE, MD. It holds $11.5M in total assets as of 2024.
How large is The Plank Family Foundation Inc?
As of 2024, The Plank Family Foundation Inc holds $11.5M in total assets with $4.8M in annual revenue. It awarded 9 grants totaling $1.7M in 2024.
Where does The Plank Family Foundation Inc operate?
The Plank Family Foundation Inc has awarded grants in District of Columbia, Florida, Maryland, Minnesota, New York, South Carolina, Tennessee.
What size grants does The Plank Family Foundation Inc award?
In 2024, The Plank Family Foundation Inc awarded 9 grants totaling $1.7M — an average of about $192K per grant, based on its IRS Form 990 filings.
How much is The Plank Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Plank Family Foundation Inc reported a distributable amount of $400K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Plank Family Foundation Inc'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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