Myer & Lois Franklin Charitable Tr
The Myer and Lois Franklin Charitable Trust is a private foundation established in 1987 and based in Jackson, Michigan. The trust was created by Myer and Lois Franklin, lifelong Jackson residents who sought to give back to their community through education. The foundation operates as a 501(c)(3) private foundation with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
+1.0% YoY
Annual Giving
$303K
-5.2% YoY
Grant Count
43
+10.3% YoY
Avg Grant Size
$7K
-14.0% YoY
Mission & Focus Areas
The Myer and Lois Franklin Charitable Trust was established to provide a legacy of education to the Jackson community. The foundation's core mission emphasizes:
- Providing scholarships to residents of Jackson County
- Promoting acceptance and access to education across all members of the community regardless of background
- Supporting educational opportunities for those seeking advancement
The trust operates with the belief that education is a powerful tool for community development and personal success.
Grantmaking
Grant Range
s:** Between $1,000 - $5,000 per scholarship award
Review Cycle
When 200 completed applications are received or February 12, 2025, whichever comes first
How to Apply
**
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Geographic Focus
Where this funder awards grants
Jackson County, Michigan
Eligibility Requirements:
- Must be a resident of Jackson County, Michigan
- Students enrolled in the Jackson County Early College may apply in their 13th year
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total assets: $6,001,681
- Total revenues: $404,881
- Total expenses: $347,770
- Investment income and dividends: $219,416
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,001,681 | $5,944,570 | $6,294,512 |
| Revenue | $404,881 | $27,313 | $437,031 |
| Expenses | $347,770 | $377,255 | $383,319 |
| Qualifying Distributions | $304,621 | $324,458 | $335,341 |
| Net Investment Income | $317,178 | $123,676 | $346,559 |
| Distributable Amount | $328,641 | $316,288 | $330,240 |
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
193 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEBORAH MARSHALL | TRUSTEE | — | — |
| RAE M KNOLL | TRUSTEE | — | — |
| JAMES MARSHALL | TRUSTEE | — | — |
| MICHAEL KNOLL | TRUSTEE | — | — |
| KRISTEN SCHILLING | TRUSTEE | — | — |
Recent Activity
Recent developments and announcements
The trust continues active grantmaking with 2024 being the most recent fiscal year on record. The foundation maintains an ongoing scholarship program administered through the Jackson Community Foundation, with applications accepted on a rolling basis until capacity is reached or the annual deadline passes.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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