Franklin Square Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVANSTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 14 grants totaling $223K. Net investment income was $90K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
+12.0% YoY
Annual Giving
$223K
+5.7% YoY
Grant Count
14
+40.0% YoY
Avg Grant Size
$16K
-24.5% YoY
Under IRS private-foundation payout rules, Franklin Square Foundation reported a distributable amount of $148K for 2024 — the minimum it must pay out in qualifying distributions.
About Franklin Square Foundation
Based on IRS filings
Franklin Square Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVANSTON, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 14 grants totaling $223K. Net investment income was $90K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,171,451 | $1,938,029 | $2,036,228 |
| Revenue | $475,296 | $123,954 | $186,838 |
| Expenses | $241,874 | $222,153 | $219,703 |
| Qualifying Distributions | $222,500 | $210,450 | $204,950 |
| Net Investment Income | $90,319 | $77,389 | $71,150 |
| Distributable Amount | $147,811 | $134,510 | $97,520 |
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
65 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Young Center for Immigrant ($35,000), Mcgaw Ymca ($25,000), Northlight Theatre ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| COOL LEARNING EXPERIENCE WAUKEGAN, IL | GRANT - OPERATING EXPENSES | $10,000 |
| MCGAW YMCA EVANSTON, IL | GRANT - MEN'S RESIDENCY PROGRAM | $25,000 |
| NORTHLIGHT THEATRE SKOKIE, IL | GRANT - BUILDING CAMPAIGN | $25,000 |
| THE WILD CENTER TUPPER LAKE, NY | GRANT - SCIENCE & ENVIRONMENTAL PROG | $20,000 |
| WESTFIELD FRIENDS SCHOOL CINNAMINSON, NJ | GRANT - PROJECT BASED LEARNING PROGR | $15,000 |
| YOUNG CENTER FOR IMMIGRANT CHICAGO, IL | GRANT - TECHNICAL ASSISTANCE PROGRAM | $35,000 |
| AMY'S KISSES FOUNDATION NEWTOWN, PA | GRANT - DOMESTIC VIOLENCE PROGRAM | $10,000 |
| ETHS FOUNDATION EVANSTON, IL | DONATION - EVANSTON TWP HIGH SCH | $15,000 |
| HEART TO HEART MERCHANTVILLE, NJ | GRANT- EARTH EMPATHY PROGRAM | $15,000 |
| JAMES B MORAN CTR YOUTH ADVOCACY EVANSTON, IL | GRANT- SOCIAL & LEGAL WORK SVCS | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACQUELINE QUERN | DIRECTOR | 1 | — |
| SUSANNAH QUERN PRATT | DIRECTOR | 1 | — |
| MARGARET QUERN ATKINS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Franklin Square Foundation?
Franklin Square Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EVANSTON, IL. It holds $2.2M in total assets as of 2024.
How large is Franklin Square Foundation?
As of 2024, Franklin Square Foundation holds $2.2M in total assets with $475K in annual revenue. It awarded 14 grants totaling $223K in 2024.
Where does Franklin Square Foundation operate?
Franklin Square Foundation has awarded grants in Connecticut, District of Columbia, Florida, Illinois, Massachusetts, North Carolina, New Jersey, New York, Pennsylvania.
What size grants does Franklin Square Foundation award?
In 2024, Franklin Square Foundation awarded 14 grants totaling $223K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Franklin Square Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Franklin Square Foundation reported a distributable amount of $148K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Franklin Square Foundation's EIN?
Franklin Square Foundation's EIN (Employer Identification Number) is 01-0746539. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Franklin Square 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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