The Franken Family Foundation
The Franken Family Foundation is a private foundation based in Holmdel, New Jersey. Its 2024 filing reports grants to charitable organizations supporting students, healthcare and research, people in crisis, veterans, children, and refugees.
The Franken Family Foundation at a glance
In short: The Franken Family Foundation gave $100K across 14 grants in 2024 (avg $7K), top state New Jersey. 57% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $99,555
- +118.0% vs 2023
- Grants made (2024)
- 14
- +100.0% vs 2023
- Average grant
- $7,111
- +9.0% vs 2023
- Median grant
- $5,000
- Total assets
- $869,200
- +6.5% vs 2023
- New grantees (estimate)
- 57% first-time grantees (8 of 14, 2024; small sample)
- Primary geography
- New Jersey (44% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Franken Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 4 Thistle Lane, Holmdel, NJ 07733
Phone: (917) 599-8636
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Franken Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The OLC School ($24K). Together the top 10 received $80K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 33 grants of 34 (97%).
Geographic Focus
Where this funder awards grants
In 2024, 44% of grant dollars went to recipients in New Jersey and 41% to recipients in New York. Recipients in Washington, D.C., Connecticut, and Florida each received 5% of grant dollars.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
Cities
Is The Franken Family Foundation open to new grantees?
57%
first-time grantees, 2024
In 2024, 8 of 14 grantees (57%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $6K; repeat grants $9K. How we count
Medians: $5K first-time, $5K repeat.
- 43% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+5%). Method
- In 2024 it paid out 218% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $40K (2022) to $100K (2024). In 2024 it made 14 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The OLC School Jersey City, NJ | Aid for Students | $24,000 |
| US Foundation - Natl Holocaust Museum New York, NY | Aid for Museum | $10,555 |
| National Parkinsons Foundation New York, NY | Aid for Healthcare and Research | $10,000 |
| American Red Cross Prineton, NJ | Aid for Those in Crisis | $5,000 |
| America's Vetdogs Smithtown, NY | Aid for Veterans | $5,000 |
| Breast Cancer Research Foundation New York, NY | Aid for Breast Cancer Research | $5,000 |
| Griffin Bridges Program West Orange, NJ | Aid for Students | $5,000 |
| Smile Train Washington DC, DC | Aid for Children's Healthcare | $5,000 |
| Sylvia's Children Holmdel, NJ | Aid for Children in Need | $5,000 |
| Welcome Home Jersey City Jersey City, NJ | Aid for Refugees | $5,000 |
Ready to take the next step with The Franken Family Foundation?
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 | $869,200 | $163,284 | $110,287 | $99,555 | 14 | $99,555 | $159,344 | $45,698 |
| 2023 | $816,387 | $22,114 | $67,046 | $45,662 | 7 | $45,662 | $13,203 | $44,780 |
| 2022 | $861,576 | $27,954 | $51,903 | $39,819 | 5 | $39,819 | $19,040 | $43,322 |
| 2021 | $887,133 | $121,391 | $109,272 | $95,204 | 8 | $95,204 | $121,391 | $53,067 |
Under IRS private-foundation payout rules, The Franken Family Foundation reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants include support for student aid, museum aid, healthcare and research, crisis assistance, veterans, children’s healthcare and services, and refugees.
Grantees describe their own work in varied terms. The International Rescue Committee says it responds to humanitarian crises and helps people affected by conflict and disaster. Sylvia’s Children describes its mission as educating underprivileged children in Uganda. America’s VetDogs says it trains and places dogs to assist veterans, military personnel, first responders, and others with disabilities.
Grantmaking
In filing year 2024, the foundation reported 14 grants totaling $99,555. Grant amounts ranged from $5,000 to $24,000, with a median of $5,000.
Among its reported 2024 grants were $24,000 to The OLC School for student aid; $10,555 to the U.S. Foundation for the National Holocaust Museum for museum aid; and $10,000 to the National Parkinsons Foundation for healthcare and research. Other reported awards included $5,000 each to the American Red Cross for crisis aid, America’s VetDogs for veterans, the Breast Cancer Research Foundation for breast cancer research, Griffin Bridges Program for student aid, Smile Train for children’s healthcare, Sylvia’s Children for children in need, Welcome Home Jersey City for refugees, Doctors Without Borders for healthcare, and the International Rescue Committee for refugees. The foundation also gave $5,000 to Wounded Warrior Project in 2024; the organization describes its work as supporting the well-being of post-9/11 veterans, active-duty service members, and their families.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Martin P Franken, Linda A Franken, Danielle Erin Licata, and Alana Lindsey Carvalho as trustees.
The Franken Family Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Alana Lindsey Carvalho
Trustee
On filings since 2021
No compensation reported
Danielle Erin Licata
Trustee
On filings since 2021
No compensation reported
Linda A. Franken
Trustee
On filings since 2021
No compensation reported
Martin P. Franken
Trustee
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Franken Family Foundation
How much does The Franken Family Foundation give each year?
The Franken Family Foundation gave $100K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $46K across 7 grants.
What is The Franken Family Foundation's typical grant size?
The Franken Family Foundation's median grant in 2024 was $5,000, and its average grant was $7,111, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Franken Family Foundation that year got $6K on average.
Where does The Franken Family Foundation give grants?
The Franken Family Foundation's top state is New Jersey, with 44% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (41%) and District of Columbia (5%). The most frequent recipient cities were New York, NY (5 grants) and Jersey City, NJ (2 grants).
Does The Franken Family Foundation give general operating support?
Not in 2024: none of the 14 grants with a stated purpose on The Franken Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Franken Family Foundation's largest grantees?
The Franken Family Foundation's largest 2024 grantees include The OLC School ($24,000), US Foundation - Natl Holocaust Museum ($10,555) and National Parkinsons Foundation ($10,000), according to its 2024 IRS Form 990-PF. Together they received 45% of its itemized 2024 grant dollars.
How large is The Franken Family Foundation?
The Franken Family Foundation reported $869K in total assets on its 2024 IRS Form 990-PF. It paid out $100K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).
What does The Franken Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants include support for student aid, museum aid, healthcare and research, crisis assistance, veterans, children’s healthcare and services, and refugees. See mission & focus areas ↑
How do I apply for a grant from The Franken Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Franken Family Foundation's EIN?
The Franken Family Foundation's EIN (Employer Identification Number) is 82-3661990. IRS Form 990 filing data is available on this page for 2021–2024.
Does The Franken Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in The Franken Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Duke Energy Foundation
Charlotte, NC
The Duke Energy Foundation funds workforce and local economic development, disaster resilience, conservation, clean water, and economic opportunity in North Carolina, South Carolina, Florida, Ohio, Kentucky, and Indiana. Its 2024 grants had a median of $25,000; applications for grants of $20,000 or less are accepted year-round, after applicants discuss proposals with a state representative.
Assets
$1.9M
Grants
41
Total Given
$25.6M
McKesson Foundation Inc
Dallas, TX
The McKesson Foundation funds cancer support and care, healthcare workforce pathways, and emergency response, with grants mainly supporting organizations in the United States and Canada. Its 2025 grants had a median of $100,000, though amounts ranged from $10,000 to about $2.47 million. Its filing says it does not accept unsolicited requests, while its application page describes an online application process with stated submission windows.
Assets
$1.6M
Grants
76
Total Given
$16.6M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
Motorola Solutions Foundation
Chicago, IL
The Motorola Solutions Foundation funds first-responder programs and technology and engineering education, especially for under-resourced communities; its 2025 grants had a median of $35,000. It supports organizations worldwide, with priority for communities where Motorola Solutions operates, and accepts unsolicited requests through an annual letter-of-inquiry process, with full applications by invitation.
Assets
$1.2M
Grants
213
Total Given
$12.6M
Mutual of America Foundation
New York, NY
Assets
$136K
Grants
539
Total Given
$839K
The Yelp Foundation
San Francisco, CA
Assets
$6.2M
Grants
644
Total Given
$886K
More similar funders
More Funders in New Jersey
Cite this profile
Grantable. (2026). The Franken Family Foundation funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/the-franken-family-foundation-morg_68abb50ed70642608bbdf5427275e957
BibTeX
@misc{grantable_823661990_2026,
author = {{Grantable}},
title = {{The Franken Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-franken-family-foundation-morg_68abb50ed70642608bbdf5427275e957},
note = {Accessed 2026-10-05. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Franken Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Franken Family Foundation down — hundreds of funders to go?