The Rankin Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MAGNOLIA, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $276K in total assets. In 2024, it awarded 9 grants totaling $35K. Net investment income was $11K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$276K
+8.7% YoY
Annual Giving
$35K
+11.1% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$4K
-1.2% YoY
Under IRS private-foundation payout rules, The Rankin Foundation Inc reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About The Rankin Foundation Inc
Based on IRS filings
The Rankin Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MAGNOLIA, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $276K in total assets. In 2024, it awarded 9 grants totaling $35K. Net investment income was $11K.
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 | $276,254 | $254,120 | $230,867 |
| Revenue | $58,150 | $55,970 | $25,661 |
| Expenses | $35,866 | $32,370 | $32,205 |
| Qualifying Distributions | $35,000 | $31,500 | $31,500 |
| Net Investment Income | $10,635 | $10,795 | $24,956 |
| Distributable Amount | $33,000 | $15,954 | $29,310 |
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
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sau Foundation ($11,000), Arkansas Community Foundation ($8,000), Ouachita Baptist Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAU FOUNDATION MAGNOLIA, AR | UNRESTRICTED SCHOLARSHIPS | $11,000 |
| ARKANSAS COMMUNITY FOUNDATION LITTLE ROCK, AR | DONATION | $8,000 |
| OUACHITA BAPTIST FOUNDATION ARKADELPHIA, AR | DONATION | $5,000 |
| GOLDEN TRIANGLE ECONOMIC DEVEOPMENT MAGNOLIA, AR | DONATION | $5,000 |
| COLUMBIA COUONTY ANIMAL PROTECTION MAGNOLIA, AR | DONATION | $2,000 |
| MAGNOLIA ARTS MAGNOLIA, AR | DONATION | $1,000 |
| ECONOMICS ARKANSAS FOUNDATION LITTLE ROCK, AR | DONATION | $1,000 |
| BOYS CLUB OF MAGNOLIA MAGNOLIA, AR | DONATION | $1,000 |
| MISS ARKANSAS SCHOLARSHIP FOUND LITTLE ROCK, AR | DONATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID F RANKIN | CHAIRMAN | — | — |
| TONI C RANKIN | SEC/TREASURE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Rankin Foundation Inc?
The Rankin Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MAGNOLIA, AR. It holds $276K in total assets as of 2024.
How large is The Rankin Foundation Inc?
As of 2024, The Rankin Foundation Inc holds $276K in total assets with $58K in annual revenue. It awarded 9 grants totaling $35K in 2024.
Where does The Rankin Foundation Inc operate?
The Rankin Foundation Inc has awarded grants in Arkansas, Louisiana.
What size grants does The Rankin Foundation Inc award?
In 2024, The Rankin Foundation Inc awarded 9 grants totaling $35K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Rankin Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Rankin Foundation Inc reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Rankin Foundation Inc's EIN?
The Rankin Foundation Inc's EIN (Employer Identification Number) is 71-0833063. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Rankin 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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