Franklin Electric Charitable &
Franklin Electric Charitable and Educational Foundation Inc. is a private foundation based in Fort Wayne, Indiana. The foundation was established in 1975 and operates as a 501(c)(3) tax-exempt organization.
Key facts about Franklin Electric Charitable &
- EIN
- 23-7399324
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $367,592
- Grants made (2024)
- 82
- Average grant
- $4,483
- Median grant
- $2,500
- New grantees (estimate)
- 56% first-time grantees (34 of 61, 2024)
- Total assets
- $2,007
- Primary geography
- Indiana (66% 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 Franklin Electric Charitable & funds
By grant dollars, the top recipient states for Franklin Electric Charitable &'s 82 itemized 2024 grants were Indiana (66%) and Wisconsin (8%). The most frequent recipient cities were Fort Wayne, IN (30 grants), Madison, WI (5 grants), Fitchburg, WI (3 grants) and Wllburton, OK (3 grants). 68% of grants with a stated purpose were for general or operating support.
Is Franklin Electric Charitable & open to new grantees?
56%
first-time grantees, 2024
In 2024, 34 of 61 grantees (56%) were first-time recipients. First grants averaged $3K; repeat grants $8K. How we count
Medians: $3K first-time, $5K repeat.
- 41% of 2024 grantees were also funded in 2023. Method
- Giving grew 56% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (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 Franklin Electric Charitable &
- How to evaluate Franklin Electric Charitable & as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2K
-63.4% YoY
Annual Giving
$368K
-0.0% YoY
Grant Count
82
+7.9% YoY
Avg Grant Size
$4K
-7.3% YoY
Under IRS private-foundation payout rules, Franklin Electric Charitable & reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation also supports arts and cultural initiatives, including historic buildings and creative endeavors.
Grantmaking
The foundation awarded a $5,000 grant to Three Rivers Festival Executive Board in 2023 for "Art in the Park."
Average Grant
amount information available through recent IRS filings
Ready to take the next step with Franklin Electric Charitable &?
Geographic Focus
Where this funder awards grants
The foundation primarily directs its grantmaking to organizations in:
- Indiana
- Wisconsin
- Oklahoma
Grant Distribution by State
Share of all 82 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $2,007
- Total Giving: $367,592
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,007 | $5,484 | $9,423 |
| Revenue | $368,500 | $368,000 | $245,000 |
| Expenses | $371,977 | $371,939 | $245,445 |
| Qualifying Distributions | $367,750 | $367,817 | $241,807 |
| Net Investment Income | — | — | — |
| Distributable Amount | $2,096 | $1,392 | $879 |
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
341 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Fort Wayne Philharmonic ($35,000), Bridge of Grace ($30,000), United Way of Allen County ($26,295).
| Recipient | Purpose | Amount |
|---|---|---|
| FORT WAYNE PHILHARMONIC Fort Wayne, IN | TO SUPPORT GENERAL OPERATIONS | $35,000 |
| BRIDGE OF GRACE Fort Wayne, IN | EDUCATION AFTER-SCHOOL PROGRAM - GENERAL OPERATIONS | $30,000 |
| UNITED WAY OF ALLEN COUNTY Fort Wayne, IN | TO SUPPORT GENERAL OPERATIONS | $26,295 |
| JUNIOR ACHIEVEMENT Fort Wayne, IN | CAPITAL CAMPAIGN | $20,000 |
| FORT WAYNE MUSEUM OF ART Fort Wayne, IN | TO SUPPORT GENERAL OPERATIONS | $11,500 |
| SCIENCE CENTRAL Fort Wayne, IN | TO SUPPORT GENERAL OPERATIONS | $10,500 |
| ASSOCIADO DE AMIGOS DA FAMILIAABIGAIL | TO SUPPORT GENERAL OPERATIONS | $10,000 |
| BIG BROTHERS BIG SISTERS OF NE INDIANA Fort Wayne, IN | TO SUPPORT GENERAL OPERATIONS | $10,000 |
| SUPER SHOT Fort Wayne, IN | TO SUPPORT GENERAL OPERATIONS | $10,000 |
| WATER WELL TRUST Davidson, NC | TO SUPPORT GENERAL OPERATIONS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gregg C Sengstack | President/Director | 1 | — |
| Jeff Taylor | Treasurer/Director | 1 | — |
| Jonathan Grandon | Secretary/Director | 1 | — |
| Joe Ruzynski | Board/Director | 1 | — |
Contact Information
Address: 9255 Coverdale Road Fort Wayne, IN 46809
EIN: 23-7399324
Frequently Asked Questions
What does Franklin Electric Charitable & fund?
The foundation's primary funding focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation also supports arts and cultural initiatives, including historic buildings and creative endeavors.
How do I apply for a grant from Franklin Electric Charitable &?
**Grant Amounts:** • Typical awards range from $103 to $37,763 • Average grant amount information available through recent IRS filings **Recent Activity:** The foundation awarded a $5,000 grant to Three Rivers Festival Executive Board in 2023 for "Art in the Park."
Where does Franklin Electric Charitable & make grants?
The foundation primarily directs its grantmaking to organizations in: • Indiana • Wisconsin • Oklahoma
What size grants does Franklin Electric Charitable & award?
In 2024, Franklin Electric Charitable & awarded 82 grants totaling $368K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Franklin Electric Charitable & required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Franklin Electric Charitable & reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Franklin Electric Charitable &'s EIN?
Franklin Electric Charitable &'s EIN (Employer Identification Number) is 23-7399324. 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. Research dossier generated April 2026.