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
Under IRS private-foundation payout rules, Myer & Lois Franklin Charitable Tr reported a distributable amount of $329K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include University of Michigan ($47,000), Michigan State University ($41,000), Grand Valley State University ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MICHIAN TECHNOLOGICAL UNIVERSITY HOUGHTON, MI | SCHOLARSHIPS | $13,000 |
| UNIVERSITY OF MICHIGAN ANN ARBOR, MI | SCHOLARSHIPS | $47,000 |
| CENTRAL MICHIGAN UNIVERSITY MT PLEASANT, MI | SCHOLARSHIPS | $14,000 |
| SAGINAW VALLEY STATE UNIVERSITY UNIVERSITY CENTER, MI | SCHOLARSHIP | $7,000 |
| EASTERN MICHIGAN UNIVERSITY YPSILANTI, MI | SCHOLARSHIPS | $2,500 |
| GRAND VALLEY STATE UNIVERSITY ALLENDALE TWP, MI | SCHOLARSHIPS | $40,000 |
| FERRIS STATE UNIVERSITY BIG RAPIDS, MI | SCHOLARSHIPS | $6,000 |
| WESTERN MICHIGAN UNIVERSITSY KALAMAZOO, MI | SCHOLARSHIPS | $11,000 |
| SPRING ARBOR UNIVERSITY SPRING ARBOR, MI | SCHOLARSHIPS | $11,000 |
| MICHIGAN STATE UNIVERSITY E LANSING, MI | SCHOLARSHIPS | $41,000 |
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.
Frequently Asked Questions
What does Myer & Lois Franklin Charitable Tr fund?
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 person…
How do I apply for a grant from Myer & Lois Franklin Charitable Tr?
**Grant Focus:** Scholarships for education **Grant Sizes:** Between $1,000 - $5,000 per scholarship award **Recent Grant Activity (2024):** • Michigan State University: $41,000 (scholarships) • Grand Valley State University: $40,000 (scholarships) • Jackson Community Foundation: $25,000 (scholarship administration) • Additional 23 grants totaling $179,500 **Total 2024 Grantmaking:** Approximately $285,500 across 26+ grants **Application Process:** • Administered through the Jackson Community F…
Where does Myer & Lois Franklin Charitable Tr make 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
What size grants does Myer & Lois Franklin Charitable Tr award?
In 2024, Myer & Lois Franklin Charitable Tr awarded 43 grants totaling $303K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Myer & Lois Franklin Charitable Tr required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Myer & Lois Franklin Charitable Tr reported a distributable amount of $329K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Myer & Lois Franklin Charitable Tr's EIN?
Myer & Lois Franklin Charitable Tr's EIN (Employer Identification Number) is 38-2715461. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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