Howard L Franks Memorial Scholarship Trust

Private foundation · Grantmaker Albuquerque, NM EIN: 45-6281931

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.

Key facts about Howard L Franks Memorial Scholarship Trust

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.

EIN
45-6281931
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$29,887
Grants made (2024)
1
Average grant
$29,887
Median grant
$29,887
Total assets
$379,112
Primary geography
New Mexico (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$379K

-3.9% YoY

Annual Giving

$30K

-6.1% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$30K

-6.1% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2024 grant dollars on its one itemized grant.

States

Cities

Santa Fe

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024

From 2020 to 2024, annual grant giving ranged from $30K (2024) to $50K (2022). In 2024 it made 1 grant totaling $30K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2024

New Mexico School for the Arts: $30KNew Mexico School for the Arts$30K

The largest 2024 recipient was New Mexico School for the Arts ($30K).

Grant Size Distribution

5 grants across all recorded years

3<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
New Mexico School for the Arts Santa Fe, NMEnable Donee's Exempt Function$29,887

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K$80K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$379,112$394,346$429,334
Revenue$28,559$7,606$19,889
Expenses$43,793$42,594$65,460
Qualifying Distributions$29,887$31,845$50,000
Net Investment Income$19,098$6,878$9,346
Distributable Amount$18,923$18,870$20,196

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS September 30, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS June 13, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS July 12, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS June 20, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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

Zia Trust Inc — Trustee: $4KZia Trust IncTrustee$4K

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.

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