Franklin Southampton Economic

Foundation · Grantmaker Franklin, VA EIN: 13-4311862 Website

Community Improvement & Capacity Building

47TO DIVERSIFY THE ECONOMY, CREATE HIGH QUALITY JOBS, AND PROVIDE A FUTURE FOR THE FAMILIES AND YOUTH OF FRANKLIN AND SOUTHAMPTON COUNTY.

Key facts about Franklin Southampton Economic

EIN: 13-4311862
Latest 990 filing: Form 990-PF, 2025
Total assets: $1,093,648

Data from IRS Form 990-PF, 2025; updated September 2026.

Next steps with Franklin Southampton Economic

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.1M

-8.7% YoY

Revenue

$438K

-2.4% YoY

Net Investment Income

$39K

+5.5% YoY

Expenses

$552K

+11.3% YoY

About Franklin Southampton Economic

Based on IRS filings

Franklin Southampton Economic is a nonprofit organization focused on Community Improvement & Capacity Building, based in Franklin, VA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.1M in total assets. Net investment income was $39K.

Focus Areas

Community Improvement & Capacity Building

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $215K (100%)

States

Virginia

Cities

Franklin

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$1,093,648	$1,197,978	$1,240,197
Revenue	$438,136	$449,138	$388,962
Expenses	$551,723	$495,513	$450,990
Qualifying Distributions	—	—	—
Net Investment Income	$39,136	$37,098	$10,362
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2021–2025

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2025

Grant Size Distribution

1 grants across all recorded years

Open Grants

2 open opportunities from Franklin Southampton Economic

Foundation

Commercial Rehabilitation Loan Program

Franklin Southampton Economic

Amount

$5,000 - $35,000

Deadline

Rolling / Open

Rolling (Quarterly)

Foundation

Micro Loan Program

Franklin Southampton Economic

Amount

Up to $2,000

Deadline

Rolling / Open

Rolling (Quarterly)

Giving History

Grant recipients and amounts by year

No grants recorded for 2025.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

Name	Title	Hours	Compensation
Marshall Rabil	Treasurer	1	—
Meghan Councill	Chairman	1	—
Robert Pope	Secretary	1	—
Brian Hedgepeth	Vice Chairman	1	—
Will Holt	Director	1	—
Karl Heck	President	40	$97,000

Subject Areas

Focus areas based on grantmaking activity

Community Improvement & Capacity Building

Frequently Asked Questions

What is Franklin Southampton Economic?

Franklin Southampton Economic is a nonprofit organization focused on Community Improvement & Capacity Building, based in Franklin, VA. It holds $1.1M in total assets as of 2025.