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 2019 through 2025. As of 2025, the organization holds $8.7M in total assets. In 2025, it awarded 5 grants totaling $550K. Net investment income was $778K.
William Rankin Elizabeth Forbes Rankin Trust at a glance
In short: William Rankin Elizabeth Forbes Rankin Trust gave $550K across 5 grants in 2025 (avg $110K), top state New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $549,915
- +13.4% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $109,983
- +13.4% vs 2024
- Median grant
- $109,983
- Total assets
- $8,742,864
- +1.8% vs 2024
- Primary geography
- New York (40% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who William Rankin Elizabeth Forbes Rankin Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Lighthouse International ($110K). Together the top 5 received $550K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was in the $50–100K range: 15 grants of 25 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How William Rankin Elizabeth Forbes Rankin Trust gives
- Giving held roughly steady from 2022 to 2025 (+2%). Method
- In 2025 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $438K (2019) to $550K (2025). In 2025 it made 5 grants totaling $550K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Lighthouse International New York, NY | General | $109,983 |
| American Heart Association Inc Dallas, TX | General | $109,983 |
| American Cancer Society Inc Atlanta, GA | General | $109,983 |
| The American Red Cross Washington, DC | General | $109,983 |
| The Salvation Army Greater NY New York, NY | General | $109,983 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $8,742,864 | $865,672 | $711,875 | $549,915 | 5 | $613,640 | $777,678 | $650,071 |
| 2024 | $8,588,748 | $788,432 | $632,336 | $485,050 | 5 | $543,398 | $705,459 | $608,263 |
| 2023 | $8,444,812 | $526,267 | $629,492 | $493,275 | 5 | $538,319 | $429,673 | $530,090 |
| 2022 | $8,548,455 | $290,617 | $686,476 | $539,515 | 5 | $587,161 | $198,870 | $540,924 |
| 2021 | $8,943,275 | $1,209,756 | $597,975 | $450,725 | 5 | $496,478 | $1,122,336 | $585,265 |
| 2020 | $8,330,162 | $707,007 | $561,392 | $439,775 | 5 | — | $631,444 | $492,705 |
| 2019 | $8,183,124 | $628,652 | $568,805 | $437,880 | 5 | — | $554,544 | $479,221 |
Under IRS private-foundation payout rules, William Rankin Elizabeth Forbes Rankin Trust reported a distributable amount of $650K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
William Rankin Elizabeth Forbes Rankin Trust is led by Linda M. Cary, Co-Trustee on every filing since 2019 — the only officer listed, and compensated.
Officers on the 2025 filing
Linda M. Cary
Co-Trustee
On filings since 2019
1 hr/week
$12K (2019) → $23K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $23K, to Linda M Cary (Co-Trustee).
Frequently asked questions about William Rankin Elizabeth Forbes Rankin Trust
How much does William Rankin Elizabeth Forbes Rankin Trust give each year?
William Rankin Elizabeth Forbes Rankin Trust gave $550K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $485K across 5 grants.
What is William Rankin Elizabeth Forbes Rankin Trust's typical grant size?
William Rankin Elizabeth Forbes Rankin Trust's median grant in 2025 was $109,983, and its average grant was $109,983, across 5 grants on its 2025 IRS Form 990-PF.
Where does William Rankin Elizabeth Forbes Rankin Trust give grants?
William Rankin Elizabeth Forbes Rankin Trust's top state is New York, with 40% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Texas (20%) and Georgia (20%). The most frequent recipient cities were New York, NY (2 grants).
Does William Rankin Elizabeth Forbes Rankin Trust give general operating support?
Yes: 100% of William Rankin Elizabeth Forbes Rankin Trust's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are William Rankin Elizabeth Forbes Rankin Trust's largest grantees?
William Rankin Elizabeth Forbes Rankin Trust's largest 2025 grantees include Lighthouse International ($109,983), American Heart Association Inc ($109,983) and American Cancer Society Inc ($109,983), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is William Rankin Elizabeth Forbes Rankin Trust?
William Rankin Elizabeth Forbes Rankin Trust reported $8.7M in total assets on its 2025 IRS Form 990-PF. It paid out $614K in qualifying distributions that year, against a required minimum of $650K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 $8.7M in total assets as of 2025.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work William Rankin Elizabeth Forbes Rankin Trust funds
Health Open opportunities, soonest deadline first.
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