Franklin Education Foundation Inc is a private foundation focused on Education, based in FRANKLIN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $250K in total assets. In 2024, it awarded 2 grants totaling $21K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$250K
-7.9% YoY
Annual Giving
$21K
+101.8% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$11K
+202.7% YoY
Under IRS private-foundation payout rules, Franklin Education Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
About Franklin Education Foundation Inc
Based on IRS filings
Franklin Education Foundation Inc is a private foundation focused on Education, based in FRANKLIN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $250K in total assets. In 2024, it awarded 2 grants totaling $21K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $249,867 | $271,304 | $258,195 |
| Revenue | $7,583 | $30,872 | $19,026 |
| Expenses | $29,020 | $17,763 | $17,026 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | $3,566 | $2,146 |
| Distributable Amount | $11,870 | $11,916 | $12,571 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Franklin Board of Education ($19,063), Jessica Loaiza ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRANKLIN BOARD OF EDUCATION FRANKLN, NJ | MINI-GRANT | $19,063 |
| JESSICA LOAIZA FRANKLIN, NJ | SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SCOTT DAVIS | PRESIDENT | 1 | — |
| HARRY WEEKS | VICE-PRESIDENT | 1 | — |
| MIKE RYDER | TREASURER | 1 | — |
| THERESA GALLAGHER | SECRETARY | 1 | — |
| SUZANNE ROSS | TRUSTEE | 1 | — |
| KEVIN BLONDINA | TRUSTEE | 1 | — |
| JENNIFER PASSMORE | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Franklin Education Foundation Inc?
Franklin Education Foundation Inc is a nonprofit organization focused on Education, based in FRANKLIN, NJ. It holds $250K in total assets as of 2024.
How large is Franklin Education Foundation Inc?
As of 2024, Franklin Education Foundation Inc holds $250K in total assets with $8K in annual revenue. It awarded 2 grants totaling $21K in 2024.
Where does Franklin Education Foundation Inc operate?
Franklin Education Foundation Inc has awarded grants in New Jersey.
What size grants does Franklin Education Foundation Inc award?
In 2024, Franklin Education Foundation Inc awarded 2 grants totaling $21K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Franklin Education Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Franklin Education Foundation Inc reported a distributable amount of $12K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Franklin Education Foundation Inc's EIN?
Franklin Education Foundation Inc's EIN (Employer Identification Number) is 81-0573291. 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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