L Franklin Purnell Foundation
L Franklin Purnell Foundation is a private foundation, based in Berlin, MD. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $554K in total assets. In 2025, it awarded 5 grants totaling $29K. Net investment income was $11K.
Key facts about L Franklin Purnell Foundation
In short: L Franklin Purnell Foundation gave $29K across 5 grants in 2025 (avg $6K), mostly in Maryland. Source: 2025 IRS Form 990-PF.
- EIN
- 23-7187899
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $29,000
- Grants made (2025)
- 5
- Average grant
- $5,800
- Median grant
- $2,000
- Total assets
- $553,651
- Primary geography
- Maryland (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$554K
-2.8% YoY
Annual Giving
$29K
-9.4% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$6K
+8.8% YoY
Under IRS private-foundation payout rules, L Franklin Purnell Foundation reported a distributable amount of $32K for 2025 — the minimum it must pay out in qualifying distributions.
How L Franklin Purnell Foundation gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $29K (2025) to $34K (2023). In 2025 it made 5 grants totaling $29K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was WOR WIC Foundation ($14K). Together the top 5 received $29K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| WOR WIC Foundation Salisbury, MD | Educational Programs | $14,000 |
| Diakonia Inc Ocean City, MD | Emergency Homeless Center | $11,000 |
| Worcester County Gold Snow Hill, MD | Aid Needy Families | $2,000 |
| Coastal Hospice Ocean Pines, MD | Home and Medical Care Services | $1,000 |
| Henry Hotel Foundation Ocean City, MD | Restore Historical Building | $1,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $553,651 | $569,341 | $593,585 |
| Revenue | $27,188 | $20,886 | $-13,659 |
| Expenses | $42,946 | $44,997 | $46,874 |
| Qualifying Distributions | $29,000 | $32,000 | $34,000 |
| Net Investment Income | $11,094 | $6,179 | $15,726 |
| Distributable Amount | $32,380 | $30,529 | $28,831 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
L Franklin Purnell Foundation is led by Raymond Coates Jr., President on every filing since 2021; all 3 officers listed in 2025 are compensated.
Officers on the 2025 filing
Raymond Coates Jr.
President
On filings since 2021
$825 (2021) → $825 (2025)
Wayne Benson
Director
On filings since 2021
$825 (2021) → $825 (2025)
Jason Parker
Secretary
On filings since 2021
$2K (2021) → $2K (2025)
Former officers (1)
- Former: William D. Smith (2021) — Director
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $2K, to Jason Parker (Secretary/Tr). 3 officers or directors reported compensation on that filing.
Frequently asked questions about L Franklin Purnell Foundation
How much does L Franklin Purnell Foundation give each year?
L Franklin Purnell Foundation gave $29K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $32K across 6 grants.
What is L Franklin Purnell Foundation's typical grant size?
L Franklin Purnell Foundation's median grant in 2025 was $2,000, and its average grant was $5,800, across 5 grants on its 2025 IRS Form 990-PF.
Where does L Franklin Purnell Foundation give grants?
L Franklin Purnell Foundation gives mostly in Maryland: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Ocean City, MD (2 grants).
Does L Franklin Purnell Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on L Franklin Purnell Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are L Franklin Purnell Foundation's largest grantees?
L Franklin Purnell Foundation's largest 2025 grantees include WOR WIC Foundation ($14,000), Diakonia Inc ($11,000) and Worcester County Gold ($2,000), according to its 2025 IRS Form 990-PF. Together they received 93% of its itemized 2025 grant dollars.
How large is L Franklin Purnell Foundation?
L Franklin Purnell Foundation reported $554K in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $32K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is L Franklin Purnell Foundation's EIN?
L Franklin Purnell Foundation's EIN (Employer Identification Number) is 23-7187899. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching L Franklin Purnell Foundation by hand.
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