Franklin Family Foundation
Franklin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Virginia Beach, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3K in total assets. In 2024, it awarded 6 grants totaling $118K.
Key facts about Franklin Family Foundation
In short: Franklin Family Foundation gave $118K across 6 grants in 2024 (avg $20K), mostly in Virginia. Source: 2024 IRS Form 990-PF.
- EIN
- 82-3747619
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $118,000
- Grants made (2024)
- 6
- Average grant
- $19,667
- Median grant
- $12,500
- Total assets
- $3,377
- Primary geography
- Virginia (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3K
-55.3% YoY
Annual Giving
$118K
+6.0% YoY
Grant Count
6
-40.0% YoY
Avg Grant Size
$20K
+76.7% YoY
Under IRS private-foundation payout rules, Franklin Family Foundation reported a distributable amount of $361 for 2024 — the minimum it must pay out in qualifying distributions.
How Franklin Family Foundation gives
- Giving fell 78% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 6 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
90 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NORFOLK COLLEGIATE SCHOOL Norfolk, VA | TO EDUCATE A DIVERSE BODY OF STUDENTS TO THRIVE IN A COLLEGE SETTING AND BEYOND | $50,000 |
| ODU Norfolk, VA | TO PRIVIDE FUNDS TO ODU | $40,000 |
| CHESAPEAKE BAY WINE CLASSIC FOUNDATION Virginia Beach, VA | TO PROVIDE FUNDS TO ORGANIZATIONS DEDICATED TO THE SUPPORT AND ADVANCED EDUCATION OF OUR YOUTH; TO PROMOTE VITICULTURE AND OENOLOGY IN HAMPTON ROADS; TO PROMOTE MEDICAL RESEARCH | $15,000 |
| VIRGINIA WESLEYAN UNIVERSITY Virginia Beach, VA | TO SUPPORT THE FANN AND BILLY GREER ENDOWED SCHOLARSHIP. | $10,000 |
| TEENS WITH A PURPOSE Norfolk, VA | TO EMPOWER TEENS AND YOUNG ADULTS TO TAKE CHARGE OF THEIR LIVES THROUGH PEER-LED PROGRAMS AND EVENTS. SPREAD A MESSAGE OF PRIDE, PROTECTION, AND UPWARD MOBILITY, THROUGHOUT THE YOUTH POPULATION USING THE ARTS AND PEER EDUCATION TO HEAL AND HELP DEVELOP YOUNG PEOPLE. EMPHASIZE AN EDUCATION AND PREVENT MESSAGE TO RAISE AWARENESS AND PREVENT THE SPREAD OF SEXUALLY TRANSMITTED DISEASES. PROVIDE A NONJUDGMENTAL, SAFE, ENVIRONMENT FOR SELF EXPRESSION FOR ALL TEENS. | $2,000 |
| EMILY GREEN SHORES ASSISTED LIVING Portsmouth, VA | THE ORGANIZATION OPERATES AN ASSISTED LIVING RESIDENCE FOR THE AGED IN PORTSMOUTH, VA. | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,377 | $7,552 | $2,301 |
| Revenue | $125,001 | $140,001 | $345,900 |
| Expenses | $129,176 | $134,750 | $357,812 |
| Qualifying Distributions | $118,512 | $132,462 | $355,537 |
| Net Investment Income | — | — | — |
| Distributable Amount | $361 | $561 | $1,089 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Franklin Family Foundation is led by W. Taylor Franklin, President, Treasurer & Secretary on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
W. Taylor Franklin
President, Treasurer & Secretary
On filings since 2020
1 hr/week
No compensation reported
Amy Franklin Harrington
Director
On filings since 2020
1 hr/week
$23K (2020) → $10K (2024)
Stefanie Lynn Franklin
Director
On filings since 2020
1 hr/week
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.
Compensation Overview
From 2024 IRS filing
Frequently asked questions about Franklin Family Foundation
How much does Franklin Family Foundation give each year?
Franklin Family Foundation gave $118K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $111K across 10 grants.
What is Franklin Family Foundation's typical grant size?
Franklin Family Foundation's median grant in 2024 was $12,500, and its average grant was $19,667, across 6 grants on its 2024 IRS Form 990-PF.
Where does Franklin Family Foundation give grants?
Franklin Family Foundation gives mostly in Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Norfolk, VA (3 grants) and Virginia Beach, VA (2 grants).
Does Franklin Family Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Franklin Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Franklin Family Foundation's largest grantees?
Franklin Family Foundation's largest 2024 grantees include Norfolk Collegiate School ($50,000), Odu ($40,000) and Chesapeake Bay Wine Classic Foundation ($15,000), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.
How large is Franklin Family Foundation?
Franklin Family Foundation reported $3K in total assets on its 2024 IRS Form 990-PF. It paid out $119K in qualifying distributions that year, against a required minimum of $361 (roughly 5% of its investment assets).
What is Franklin Family Foundation?
Franklin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Virginia Beach, VA. It holds $3K in total assets as of 2024.
What is Franklin Family Foundation's EIN?
Franklin Family Foundation's EIN (Employer Identification Number) is 82-3747619. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Franklin Family Foundation by hand.
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