William Rankin Elizabeth Forbes Rankin Trust
William Rankin Elizabeth Forbes Rankin Trust is a private foundation focused on Health, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.6M in total assets. In 2024, it awarded 5 grants totaling $485K. Net investment income was $705K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.6M
+1.7% YoY
Annual Giving
$485K
-1.7% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$97K
-1.7% YoY
Under IRS private-foundation payout rules, William Rankin Elizabeth Forbes Rankin Trust reported a distributable amount of $608K for 2024 — the minimum it must pay out in qualifying distributions.
About William Rankin Elizabeth Forbes Rankin Trust
Based on IRS filings
William Rankin Elizabeth Forbes Rankin Trust is a private foundation focused on Health, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.6M in total assets. In 2024, it awarded 5 grants totaling $485K. Net investment income was $705K.
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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 | $8,588,748 | $8,444,812 | $8,548,455 |
| Revenue | $788,432 | $526,267 | $290,617 |
| Expenses | $632,336 | $629,492 | $686,476 |
| Qualifying Distributions | $543,398 | $538,319 | $587,161 |
| Net Investment Income | $705,459 | $429,673 | $198,870 |
| Distributable Amount | $608,263 | $530,090 | $540,924 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Lighthouse International ($97,010), American Heart Association Inc ($97,010), American Cancer Society Inc ($97,010).
| Recipient | Purpose | Amount |
|---|---|---|
| LIGHTHOUSE INTERNATIONAL NEW YORK, NY | GENERAL | $97,010 |
| AMERICAN HEART ASSOCIATION INC DALLAS, TX | GENERAL | $97,010 |
| AMERICAN CANCER SOCIETY INC ATLANTA, GA | GENERAL | $97,010 |
| THE AMERICAN RED CROSS WASHINGTON, DC | GENERAL | $97,010 |
| THE SALVATION ARMY GREATER NY NEW YORK, NY | GENERAL | $97,010 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LINDA M CARY | CO-TRUSTEE | 1 | $17,648 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is William Rankin Elizabeth Forbes Rankin Trust?
William Rankin Elizabeth Forbes Rankin Trust is a private foundation focused on Health, based in CHICAGO, IL. It holds $8.6M in total assets as of 2024.
How large is William Rankin Elizabeth Forbes Rankin Trust?
As of 2024, William Rankin Elizabeth Forbes Rankin Trust holds $8.6M in total assets with $788K in annual revenue. It awarded 5 grants totaling $485K in 2024.
Where does William Rankin Elizabeth Forbes Rankin Trust operate?
William Rankin Elizabeth Forbes Rankin Trust has awarded grants in District of Columbia, Georgia, New York, Texas.
What size grants does William Rankin Elizabeth Forbes Rankin Trust award?
In 2024, William Rankin Elizabeth Forbes Rankin Trust awarded 5 grants totaling $485K — an average of about $97K per grant, based on its IRS Form 990 filings.
How much is William Rankin Elizabeth Forbes Rankin Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, William Rankin Elizabeth Forbes Rankin Trust reported a distributable amount of $608K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is William Rankin Elizabeth Forbes Rankin Trust's EIN?
William Rankin Elizabeth Forbes Rankin Trust's EIN (Employer Identification Number) is 13-6584984. 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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