Franklin Foundation Inc
Franklin Foundation Inc is a private foundation based in Columbus, Ohio, established in 1986 and designated as a 501(c)(3) tax-exempt organization since August 1988. The foundation operates as an operating foundation with a primary focus on developing and providing affordable housing for seniors in the community.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.8M
-12.1% YoY
Annual Giving
$1.1M
+1359.3% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$137K
+812.1% YoY
Mission & Focus Areas
The foundation's stated purpose is to develop affordable housing for seniors. The organization operates two primary housing programs:
- Franklin Senior Housing — provides housing for low-income seniors in the community
- Waynesville Senior Housing — provides housing for low-income seniors in the community
Both programs serve elderly and handicapped persons with housing facilities and services, with subsidies from the Department of Housing & Urban Development based on tenant needs. The housing facilities are specifically designed to meet residents' physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.
Grantmaking
The foundation makes charitable contributions to various organizations. Recent grant activity includes:
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Geographic Focus
Where this funder awards grants
The foundation operates in Columbus, Ohio and the surrounding region, with specific housing operations in Waynesville and Columbus.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total revenues: $1,907,998
- Total expenses: $2,328,832
- Total assets: $2,755,598
- Number of employees: 0
Prior Year Data (2023):
- Revenue: $1.39 million
- Expenses: $1.24 million
- Total assets: $3.14 million
- Total liabilities: $307,000
The foundation's revenue includes income from low-income housing projects for the elderly.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,755,598 | $3,136,096 | $2,736,245 |
| Revenue | $1,907,998 | $1,390,694 | $1,035,352 |
| Expenses | $2,328,832 | $1,237,781 | $1,152,048 |
| Qualifying Distributions | $1,259,678 | $237,202 | $199,895 |
| Net Investment Income | $7,256 | — | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Lynn D Dalton is identified as a principal officer associated with the foundation's related entities.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LYNN D DALTON | PRESIDENT | 40 | $110,761 |
| SUZANNE NICK | TRUSTEE | 1 | — |
| THOMAS F HAVENS | TRUSTEE | 1 | — |
| ELLEN HARDYMON | TRUSTEE | 1 | — |
| JOHN F HAVENS II | TRUSTEE | 1 | — |
| PARKER RAINE HAVENS | TRUSTEE | 1 | — |
| EMILY A NICK | TRUSTEE | 1 | — |
| ELIZABETH A NICK | TRUSTEE | 1 | — |
| ELLIOT A NICK | TRUSTEE | 1 | — |
Contact Information
- Address: 2000 Bethel Rd Ste D, Columbus, OH 43220-5810
- Phone: 614-451-1919
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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