Franklin Foundation
Franklin Foundation is a private foundation based in Madison, Alabama. Its 2024 filing describes direct charitable activity in support of religious missionaries, student aid, and benevolence.
Franklin Foundation at a glance
In short: Franklin Foundation gave $49K across 12 grants in 2024 (avg $4K), mostly in Alabama. 58% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $49,400
- +311.7% vs 2023
- Grants made (2024)
- 12
- +300.0% vs 2023
- Average grant
- $4,117
- +2.9% vs 2023
- Median grant
- $3,000
- Total assets
- $103,122
- -14.8% vs 2023
- New grantees (estimate)
- 58% first-time grantees (7 of 12, 2024; small sample)
- Primary geography
- Alabama (90% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Franklin Foundation
- How to Apply
-
Submit written detail explaining the purpose of the charitable contribution to Olen Britnell. The filing lists no deadlines or restrictions on awards.
- Contact
Application contact: Olen Britnell
Mailing address: 108 Poplar Grove Trail, Madison, AL 35756
Phone: (256) 797-2163
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Franklin Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Collin Sasser ($10K). Together the top 10 received $48K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 35 grants of 35 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 90% of grant dollars went to recipients in Alabama and 10% to recipients in Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
Cities
Is Franklin Foundation open to new grantees?
58%
first-time grantees, 2024
In 2024, 7 of 12 grantees (58%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $5K; repeat grants $2K. How we count
Medians: $6K first-time, $2K repeat.
- 17% of 2024 grantees were also funded in 2023. Method
- Giving grew 375% from 2021 to 2024. Method
- In 2024 it paid out 503% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $3K (2022) to $49K (2024). In 2024 it made 12 grants totaling $49K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Collin Sasser Madison, AL | Religious | $10,000 |
| Ghassan Makhalfeh Madison, AL | Benevolence | $9,280 |
| Fawzi Ghara Madison, AL | Benevolence | $8,010 |
| Sibley Kando Madison, AL | Benevolence | $5,910 |
| Florida College Temple Terrace, FL | Educational | $5,000 |
| Larry Vinson Madison, AL | Religious | $4,000 |
| Anthony Genton Madison, AL | Religious | $2,000 |
| Athens Bible School Athens, AL | Educational | $2,000 |
| David Cambridge Madison, AL | Religious | $1,000 |
| Mzwandile Gazu Madison, AL | Religious | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $103,122 | $32,336 | $50,269 | $49,400 | 12 | $49,400 | $12,043 | $9,816 |
| 2023 | $121,055 | $32,130 | $14,792 | $12,000 | 3 | $12,000 | $4,730 | $8,867 |
| 2022 | $103,717 | $5,551 | $2,695 | $2,600 | 3 | $2,600 | $3,454 | $8,423 |
| 2021 | $100,862 | $12,247 | $10,500 | $10,408 | 8 | $10,408 | $6,819 | $8,770 |
| 2020 | $99,115 | $9,037 | $14,660 | $14,116 | 9 | — | $5,937 | $7,884 |
Under IRS private-foundation payout rules, Franklin Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing lists religious missionaries, student aid, and benevolence as its direct charitable activities. Its 2024 grants also included awards designated for religious and educational purposes.
Florida College, which received $5,000 in 2024, describes its mission as providing a comprehensive undergraduate liberal arts experience, integrating the Bible into students’ lives, and preparing them for service to their creator and humanity. This is the grantee’s description of its mission.
Grantmaking
In 2024, the foundation awarded 12 grants totaling $49,400. Grants ranged from $600 to $10,000, with a median of $3,000. Larger awards included $10,000 to Collin Sasser for religious purposes, $9,280 to Ghassan Makhalfeh and $8,010 to Fawzi Ghara for benevolence, and $5,000 to Florida College for educational purposes.
The foundation’s filing says it does not restrict giving to preselected organizations. It lists Olen Britnell as the contact and requests written detail explaining the purpose of the charitable contribution. The filing states there are no deadlines and no restrictions on awards.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Olen Britnell, Jane Britnell, and Barry Britnell as directors.
Franklin Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Barry Britnell
Director
On filings since 2020
No compensation reported
Jane Britnell
Director
On filings since 2020
No compensation reported
Olen Britnell
Director
On filings since 2020
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.
Frequently asked questions about Franklin Foundation
How much does Franklin Foundation give each year?
Franklin Foundation gave $49K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $12K across 3 grants.
What is Franklin Foundation's typical grant size?
Franklin Foundation's median grant in 2024 was $3,000, and its average grant was $4,117, across 12 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Franklin Foundation that year got $5K on average.
Where does Franklin Foundation give grants?
Franklin Foundation gives mostly in Alabama: 90% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (10%). The most frequent recipient cities were Madison, AL (10 grants).
Does Franklin Foundation give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on Franklin Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Religious" (7 grants) and "Benevolence" (3 grants).
Who are Franklin Foundation's largest grantees?
Franklin Foundation's largest 2024 grantees include Collin Sasser ($10,000), Ghassan Makhalfeh ($9,280) and Fawzi Ghara ($8,010), according to its 2024 IRS Form 990-PF. Together they received 55% of its itemized 2024 grant dollars.
How large is Franklin Foundation?
Franklin Foundation reported $103K in total assets on its 2024 IRS Form 990-PF. It paid out $49K in qualifying distributions that year, against a required minimum of $10K (roughly 5% of its investment assets).
What does Franklin Foundation fund?
The foundation’s filing lists religious missionaries, student aid, and benevolence as its direct charitable activities. Its 2024 grants also included awards designated for religious and educational purposes. See mission & focus areas ↑
How do I apply for a grant from Franklin Foundation?
Submit written detail explaining the purpose of the charitable contribution to Olen Britnell. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Franklin Foundation's EIN?
Franklin Foundation's EIN (Employer Identification Number) is 72-1400061. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- 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 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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