Franklin Family Foundation

Private foundation · Grantmaker Virginia Beach, VA EIN: 82-3747619

Franklin Family Foundation is a private foundation, 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.

Franklin Family Foundation at a glance

In short: Franklin Family Foundation gave $118K across 6 grants in 2024 (avg $20K), mostly in Virginia. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$118,000
+6.0% vs 2023
Grants made (2024)
6
-40.0% vs 2023
Average grant
$19,667
+76.7% vs 2023
Median grant
$12,500
Total assets
$3,377
-55.3% vs 2023
Primary geography
Virginia (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Franklin Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Norfolk Collegiate School: $50KNorfolk Collegiate School$50KODU: $40KODU$40KChesapeake Bay Wine Classic Foundation: $15KChesapeake Bay Wine ClassicFoundation$15KVirginia Wesleyan University: $10KVirginia Wesleyan University$10KTeens with a Purpose: $2KTeens with a Purpose$2KEmily Green Shores Assisted Living: $1KEmily Green Shores AssistedLiving$1K

The largest 2024 recipient was Norfolk Collegiate School ($50K). Together the top 6 received $118K.

Grant Size Distribution

90 grants across all recorded years

82<$50K5$50–100K3$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 82 grants of 90 (91%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

8states

Share of 2024 grant dollars across all 6 itemized grants.

Cities

Virginia BeachNorfolkNewport NewsChesapeakeMemphisRestonAlexandriaAtlantaBoys TownColorado SpringsDecaturIndianapolisMilfordPortsmouthRaleighRichmondRockinghamStaten Island

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.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K33 grants2020 21 grants2021 20 grants2022 10 grants2023 6 grants2024

From 2020 to 2024, annual grant giving ranged from $111K (2023) to $536K (2021). In 2024 it made 6 grants totaling $118K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Norfolk Collegiate School Norfolk, VATo educate a diverse body of students to thrive in a college setting and beyond$50,000
ODU Norfolk, VATo Privide Funds to ODU$40,000
Chesapeake Bay Wine Classic Foundation Virginia Beach, VATo 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, VATo support the fann and billy greer endowed scholarship.$10,000
Teens with a Purpose Norfolk, VATo 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, VAThe organization operates an assisted living residence for the aged in portsmouth, va.$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsDistributable Amount
2024$3,377$125,001$129,176$118,0006$118,512$361
2023$7,552$140,001$134,750$111,32510$132,462$561
2022$2,301$345,900$357,812$333,41220$355,537$1,089
2021$14,213$575,003$563,438$535,80221$561,188$1,062
2020$2,648$185,004$194,147$166,91733—$581

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.

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

Amy Franklin Harrington — Director: $10KAmy Franklin HarringtonDirector$10K

The highest reported compensation on the 2024 filing was $10K, to Amy Franklin Harrington (Director).

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'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.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Franklin Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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