Franke Family Charitable Foundation
The Franke Family Charitable Foundation is a private family foundation based in Chicago, Illinois. Established in 1989, it operates as a 501(c)(3) organization with tax-exempt status since February 1990. The foundation is designated as a private independent foundation focused on philanthropic grantmaking.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$58.0M
+8.0% YoY
Annual Giving
$4.4M
+3.4% YoY
Grant Count
20
-9.1% YoY
Avg Grant Size
$218K
+13.8% YoY
Mission & Focus Areas
The foundation's giving priorities center on:
- Higher education
- The arts
Grantmaking
The foundation made 37 grants in its most recent fiscal year (ending June 2024). Recent notable grants include:
Grant Range
s
How to Apply
The foundation does not appear to have a formal public application process or accept unsolicited requests based on available information.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in:
- Connecticut
- Illinois
- New York
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending June 2024:
- Total Assets: $58,004,998
- Total Giving: $4,018,000
- Total Revenues: $11,572,303
- Total Expenses: $4,248,595
- Total Liabilities: $333,000
As of Fiscal Year Ending June 2023:
- Total Assets: $53,700,000
- Total Expenses: $4,200,000
- Total Revenues: $14,600,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $58,004,998 | $53,723,676 | $52,963,266 |
| Revenue | $11,572,303 | $14,567,426 | $1,412,955 |
| Expenses | $4,248,595 | $4,203,091 | $2,665,288 |
| Qualifying Distributions | $4,065,030 | $4,243,241 | $2,735,511 |
| Net Investment Income | $1,214,246 | $9,689,303 | $2,471,225 |
| Distributable Amount | $2,725,226 | $2,519,180 | $2,856,315 |
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
139 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's trustees include:
- Richard J. Franke
- Barbara E. Franke
- Jane S. Franke
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BARBARA E FRANKE | TRUSTEE | 5 | — |
| JANE S FRANKE | TRUSTEE | 5 | — |
| KATHERINE M FRANKE | TRUSTEE | 5 | — |
Contact Information
Address: 676 N Michigan Ave Ste 2920, Chicago, IL 60611-2861
Telephone: 312-573-2743
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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