William Rankin Elizabeth Forbes Rankin Trust
- Assets
- $8.9m
- Revenue
- $1.2m
- Investments
- $8.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 12/1973
- Data as of
- 12/2021
- EIN
- 13-6584984
Organization Overview
William Rankin Elizabeth Forbes Rankin Trust is located in Chicago, IL. The organization was established in 1973. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2021, William Rankin Elizabeth Forbes Rankin Trust generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $598.0k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co-Trustee | 2 | $113,267 | |
Linda Cary Co-Trustee | 1 | $12,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $357,298 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $852,458 |
| Capital Gain Net Income | $852,458 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,209,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $125,278 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21,222 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $750 |
| Total operating and administrative expenses | $147,250 |
| Contributions, gifts, grants paid | $450,725 |
| Total expenses and disbursements | $597,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,186 |
| Savings and temporary cash investments | $124,221 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $520,097 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,943,275 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William Rankin Elizabeth Forbes Rankin Trust has awarded $450,725 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL | $90,145 |
Atlanta, GA PURPOSE: GENERAL | $90,145 |
THE AMERICAN RED CROSS PURPOSE: GENERAL | $90,145 |
AMERICAN HEART ASSOCIATION INC PURPOSE: GENERAL | $90,145 |
THE SALVATION ARMY GREATER NY PURPOSE: GENERAL | $90,145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Herschend Family Entertainment Corporation Beneficiary Trust Branson, MO | $4,577,294 | $15,681,690 |
Allergan Foundation North Chicago, IL | $0 | $22,638,597 |
The Global Orphan Project Inc Kansas City, MO | $12,087,754 | $16,385,536 |
W N Reynolds Residuary Tr Nect Chicago, IL | $153,008,234 | $7,259,404 |
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
Audrey E & Donald L Hutt Tr 283 Chicago, IL | $19,533,735 | $12,080,033 |
Lawyers Trust Fund Of Illinois Chicago, IL | $23,693,587 | $13,676,265 |
William H Miner Foundation Chicago, IL | $135,785,081 | $12,025,973 |
Frederick Henry Prince Testamentary Trust Chicago, IL | $125,717,434 | $17,884,796 |
Bluhm Family Charitable Foundation Chicago, IL | $0 | $104,878 |
Yung Family Foundation The Crestview Hills, KY | $4,438,622 | $34,262 |