Franklin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADISON, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $103K in total assets. In 2024, it awarded 12 grants totaling $49K. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$103K
-14.8% YoY
Annual Giving
$49K
+311.7% YoY
Grant Count
12
+300.0% YoY
Avg Grant Size
$4K
+2.9% YoY
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.
About Franklin Foundation
Based on IRS filings
Franklin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADISON, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $103K in total assets. In 2024, it awarded 12 grants totaling $49K. Net investment income was $12K.
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 | $103,122 | $121,055 | $103,717 |
| Revenue | $32,336 | $32,130 | $5,551 |
| Expenses | $50,269 | $14,792 | $2,695 |
| Qualifying Distributions | $49,400 | $12,000 | $2,600 |
| Net Investment Income | $12,043 | $4,730 | $3,454 |
| Distributable Amount | $9,816 | $8,867 | $8,423 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Collin Sasser ($10,000), Ghassan Makhalfeh ($9,280), Fawzi Ghara ($8,010).
| Recipient | Purpose | Amount |
|---|---|---|
| ANTHONY GENTON MADISON, AL | RELIGIOUS | $2,000 |
| ATHENS BIBLE SCHOOL ATHENS, AL | EDUCATIONAL | $2,000 |
| COLLIN SASSER MADISON, AL | RELIGIOUS | $10,000 |
| DAVID CAMBRIDGE MADISON, AL | RELIGIOUS | $1,000 |
| DAVID QUINATOA MADISON, AL | RELIGIOUS | $600 |
| ELIAS DAVILA MADISON, AL | RELIGIOUS | $600 |
| FAWZI GHARA MADISON, AL | BENEVOLENCE | $8,010 |
| FLORIDA COLLEGE TEMPLE TERRACE, FL | EDUCATIONAL | $5,000 |
| GHASSAN MAKHALFEH MADISON, AL | BENEVOLENCE | $9,280 |
| LARRY VINSON MADISON, AL | RELIGIOUS | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| OLEN BRITNELL | DIRECTOR | — | — |
| JANE BRITNELL | DIRECTOR | — | — |
| BARRY BRITNELL | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Franklin Foundation?
Franklin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MADISON, AL. It holds $103K in total assets as of 2024.
How large is Franklin Foundation?
As of 2024, Franklin Foundation holds $103K in total assets with $32K in annual revenue. It awarded 12 grants totaling $49K in 2024.
Where does Franklin Foundation operate?
Franklin Foundation has awarded grants in Alabama, Florida.
What size grants does Franklin Foundation award?
In 2024, Franklin Foundation awarded 12 grants totaling $49K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Franklin Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Franklin Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Franklin 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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