Franks Foundation
Franks Foundation is a private foundation based in Booneville, Mississippi. Its 2021 filing is marked as its final return, indicating that the foundation appears to have wound down or stopped grantmaking.
Franks Foundation at a glance
In short: Franks Foundation gave $106K across 96 grants in 2021 (avg $1K), mostly in Mississippi. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $105,500
- +2.9% vs 2020
- Grants made (2021)
- 96
- +23.1% vs 2020
- Average grant
- $1,099
- -16.4% vs 2020
- Median grant
- $1,000
- Primary geography
- Mississippi (100% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
How to apply to Franks Foundation
- How to Apply
-
The 2021 filing says applicants should contact Franks Foundation and provide a foundation application and a sealed transcript. It lists a 3.0 GPA or higher as an award restriction. The filing says the foundation does not restrict giving to preselected organizations. These instructions are from the final return and should not be treated as current application guidance.
- Review Cycle
- The filing lists January.
- Deadline
- The filing lists January.
- Contact
Application contact: Franks Foundation
Mailing address: PO Box 250, Booneville, MS 38829
Phone: (662) 728-6235
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Franks Foundation funds
How this funder distributes its grants
Grant Size Distribution
174 grants across all recorded years
The most common grant size was under $50K: 174 grants of 174 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2021 went to recipients in Mississippi.
Grant Distribution by State
Share of 2021 grant dollars across all 96 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2021, annual grant giving ranged from $103K (2020) to $106K (2021). In 2021 it made 96 grants totaling $106K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 50 individual scholarships Recipients not named | — | $77,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2021 | — | $256,442 | $133,186 | $105,500 | 96 | $133,186 | $251,765 |
| 2020 | $3,576,479 | $-7,532 | $114,277 | $102,500 | 78 | — | $103,942 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2021, the foundation reported 96 grants totaling $105,500. Grant amounts ranged from $500 to $2,000, with a median of $1,000. The largest listed awards were $2,000 each; recipients included 12 individual recipients Each listed award was for a higher-education scholarship.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2021 filing lists Douglas Jumper as president, Kermit V Jones as treasurer, and Don Murphy as secretary.
Franks Foundation is led by Douglas Jumper, President on every filing since 2020; none of the 3 officers listed in 2021 report compensation.
Officers on the 2021 filing
Douglas Jumper
President
On filings since 2020
No compensation reported
Don Murphy
Secretary
On filings since 2020
No compensation reported
Kermit V. Jones
Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "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 Franks Foundation
How much does Franks Foundation give each year?
Franks Foundation gave $106K across 96 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $103K across 78 grants.
What is Franks Foundation's typical grant size?
Franks Foundation's median grant in 2021 was $1,000, and its average grant was $1,099, across 96 grants on its 2021 IRS Form 990-PF.
Where does Franks Foundation give grants?
Franks Foundation gives mostly in Mississippi: 100% of the grant dollars itemized on its 2021 IRS Form 990-PF went to recipients there.
Does Franks Foundation give general operating support?
Not in 2021: none of the 96 grants with a stated purpose on Franks Foundation's 2021 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship for Higher Education" (96 grants).
How do I apply for a grant from Franks Foundation?
The 2021 filing says applicants should contact Franks Foundation and provide a foundation application and a sealed transcript. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Franks Foundation's EIN?
Franks Foundation's EIN (Employer Identification Number) is 64-0845922. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2020 (received by the IRS May 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 19, 2022)
- IRS filings on file for fiscal year 2021
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Franks Foundation down — hundreds of funders to go?