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.
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.
About Franklin Family Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
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
Among its reported 2024 grants, the largest include Norfolk Collegiate School ($50,000), Odu ($40,000), Chesapeake Bay Wine Classic Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| 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 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| W TAYLOR FRANKLIN | PRESIDENT/TREASURER/SECRET | 1 | — |
| STEFANIE LYNN FRANKLIN | DIRECTOR | 1 | — |
| AMY FRANKLIN HARRINGTON | DIRECTOR | 1 | $10,000 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Franklin Family Foundation?
As of 2024, Franklin Family Foundation holds $3K in total assets with $125K in annual revenue. It awarded 6 grants totaling $118K in 2024.
Where does Franklin Family Foundation operate?
Franklin Family Foundation has awarded grants in Colorado, Georgia, Indiana, North Carolina, Nebraska, New York, Tennessee, Virginia.
What size grants does Franklin Family Foundation award?
In 2024, Franklin Family Foundation awarded 6 grants totaling $118K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Franklin Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Franklin Family Foundation reported a distributable amount of $361 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Franklin Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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