Franey Family Foundation Inc
Franey Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Annapolis, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 21 grants totaling $297K. Net investment income was $356K.
Key facts about Franey Family Foundation Inc
- EIN
- 52-1909081
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $296,850
- Grants made (2024)
- 21
- Average grant
- $14,136
- Median grant
- $1,500
- New grantees (estimate)
- 29% first-time grantees (6 of 21, 2024)
- Total assets
- $1,610,428
- Primary geography
- Maryland (98% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Franey Family Foundation Inc funds
By grant dollars, the top recipient states for Franey Family Foundation Inc's 21 itemized 2024 grants were Maryland (98%). The most frequent recipient cities were Baltimore, MD (5 grants) and Annapolis, MD (4 grants). 100% of grants with a stated purpose were for general or operating support.
Is Franey Family Foundation Inc open to new grantees?
29%
first-time grantees, 2024
In 2024, 6 of 21 grantees (29%) were first-time recipients. First grants averaged $2K; repeat grants $19K. How we count
Medians: $1K first-time, $5K repeat.
- 57% of 2024 grantees were also funded in 2023. Method
- Giving grew 140% from 2021 to 2024. Method
- In 2024 it paid out 323% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Franey Family Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+6.6% YoY
Annual Giving
$297K
+124.9% YoY
Grant Count
21
-8.7% YoY
Avg Grant Size
$14K
+146.3% YoY
Under IRS private-foundation payout rules, Franey Family Foundation Inc reported a distributable amount of $92K for 2024 — the minimum it must pay out in qualifying distributions.
About Franey Family Foundation Inc
Based on IRS filings
Franey Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Annapolis, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 21 grants totaling $297K. Net investment income was $356K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 21 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,610,428 | $1,510,176 | $1,560,942 |
| Revenue | $367,859 | $96,277 | $317,393 |
| Expenses | $310,525 | $147,043 | $118,595 |
| Qualifying Distributions | $296,850 | $132,000 | $98,500 |
| Net Investment Income | $355,872 | $85,481 | $305,525 |
| Distributable Amount | $91,792 | $93,146 | $92,518 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
104 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Severn School ($108,000), St Marys ($85,000), University of Maryland College Park Foundation ($25,650).
| Recipient | Purpose | Amount |
|---|---|---|
| SEVERN SCHOOL Severna Park, MD | UNRESTRICTED | $108,000 |
| ST MARYS Annapolis, MD | UNRESTRICTED | $85,000 |
| UNIVERSITY OF MARYLAND COLLEGE PARK FOUNDATION College Park, MD | UNRESTRICTED | $25,650 |
| BOYS & GIRLS CLUB OF ANNAPOLIS Annapolis, MD | UNRESTRICTED | $25,000 |
| BO'S EFFORT Davidsonville, MD | UNRESTRICTED | $15,000 |
| BEST Baltimore, MD | UNRESTRICTED | $10,000 |
| ST VINCENT PALLOTTI HIGH SCHOOL Laurel, MD | UNRESTRICTED | $5,000 |
| TEACH FOR AMERICA Washington, DC | UNRESTRICTED | $5,000 |
| LOYOLA UNIVERSITY OF MARYLAND Baltimore, MD | UNRESTRICTED | $5,000 |
| ARCHBISHOP SPALDING HIGH SCHOOL Severn, MD | UNRESTRICTED | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Franey Family Foundation Inc is led by William G. Franey, President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
William G. Franey
President
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Franey Family Foundation Inc?
Franey Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Annapolis, MD. It holds $1.6M in total assets as of 2024.
How large is Franey Family Foundation Inc?
As of 2024, Franey Family Foundation Inc holds $1.6M in total assets with $368K in annual revenue. It awarded 21 grants totaling $297K in 2024.
Where does Franey Family Foundation Inc operate?
Franey Family Foundation Inc has awarded grants in District of Columbia, Maryland, North Carolina, New York, Pennsylvania, Tennessee, Virginia.
What size grants does Franey Family Foundation Inc award?
In 2024, Franey Family Foundation Inc awarded 21 grants totaling $297K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Franey Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Franey Family Foundation Inc reported a distributable amount of $92K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Franey Family Foundation Inc's EIN?
Franey Family Foundation Inc's EIN (Employer Identification Number) is 52-1909081. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.