Howard L Franks Memorial Scholarship Trust
Howard L Franks Memorial Scholarship Trust is a private foundation, based in Albuquerque, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $379K in total assets. In 2024, it awarded 1 grant totaling $30K. Net investment income was $19K.
Howard L Franks Memorial Scholarship Trust at a glance
In short: Howard L Franks Memorial Scholarship Trust gave $30K across 1 grant in 2024 (avg $30K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $29,887
- -6.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $29,887
- -6.1% vs 2023
- Median grant
- $29,887
- Total assets
- $379,112
- -3.9% vs 2023
- Primary geography
- New Mexico (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Howard L Franks Memorial Scholarship Trust funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was New Mexico School for the Arts ($30K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Howard L Franks Memorial Scholarship Trust gives
- Giving fell 40% from 2021 to 2024. Method
- In 2024 it paid out 158% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $30K (2024) to $50K (2022). In 2024 it made 1 grant totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Mexico School for the Arts Santa Fe, NM | Enable Donee's Exempt Function | $29,887 |
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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 | $379,112 | $28,559 | $43,793 | $29,887 | 1 | $29,887 | $19,098 | $18,923 |
| 2023 | $394,346 | $7,606 | $42,594 | $31,845 | 1 | $31,845 | $6,878 | $18,870 |
| 2022 | $429,334 | $19,889 | $65,460 | $50,000 | 1 | $50,000 | $9,346 | $20,196 |
| 2021 | $475,764 | $49,508 | $65,310 | $50,000 | 1 | $50,000 | $39,785 | $24,940 |
| 2020 | $491,189 | $22,882 | $49,803 | $35,000 | 1 | — | $14,414 | $24,329 |
Under IRS private-foundation payout rules, Howard L Franks Memorial Scholarship Trust reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Howard L Franks Memorial Scholarship Trust's only listed officer is ZIA Trust INC, Trustee on every filing since 2020 (compensated).
Officers on the 2024 filing
ZIA Trust INC
Trustee
On filings since 2020
10 hrs/week
$5K (2020) → $4K (2024)
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to Zia Trust Inc (Trustee).
Frequently asked questions about Howard L Franks Memorial Scholarship Trust
How much does Howard L Franks Memorial Scholarship Trust give each year?
Howard L Franks Memorial Scholarship Trust gave $30K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $32K across 1 grant.
How large is Howard L Franks Memorial Scholarship Trust?
Howard L Franks Memorial Scholarship Trust reported $379K in total assets on its 2024 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $19K (roughly 5% of its investment assets).
Where does Howard L Franks Memorial Scholarship Trust operate?
Howard L Franks Memorial Scholarship Trust has awarded grants in New Mexico.
What is Howard L Franks Memorial Scholarship Trust's EIN?
Howard L Franks Memorial Scholarship Trust's EIN (Employer Identification Number) is 45-6281931. 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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 20, 2025)
- IRS filings on file for fiscal years 2020–2024
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