The Franken Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLMDEL, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $869K in total assets. In 2024, it awarded 14 grants totaling $100K. Net investment income was $159K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$869K
+6.5% YoY
Annual Giving
$100K
+118.0% YoY
Grant Count
14
+100.0% YoY
Avg Grant Size
$7K
+9.0% YoY
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.
About The Franken Family Foundation
Based on IRS filings
The Franken Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLMDEL, NJ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $869K in total assets. In 2024, it awarded 14 grants totaling $100K. Net investment income was $159K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $869,200 | $816,387 | $861,576 |
| Revenue | $163,284 | $22,114 | $27,954 |
| Expenses | $110,287 | $67,046 | $51,903 |
| Qualifying Distributions | $99,555 | $45,662 | $39,819 |
| Net Investment Income | $159,344 | $13,203 | $19,040 |
| Distributable Amount | $45,698 | $44,780 | $43,322 |
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
34 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Olc School ($24,000), Us Foundation - Natl Holocaust Museum ($10,555), National Parkinsons Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| NATIONAL PARKINSONS FOUNDATION NEW YORK, NY | AID FOR HEALTHCARE AND RESEARCH | $10,000 |
| 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 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | AID FOR HEALTHCARE | $5,000 |
| INTERNATIONAL RESCUE COMMITTEE NEW YORK, NY | AID FOR REFUGEES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTIN P FRANKEN | TRUSTEE | — | — |
| LINDA A FRANKEN | TRUSTEE | — | — |
| DANIELLE ERIN LICATA | TRUSTEE | — | — |
| ALANA LINDSEY CARVALHO | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Franken Family Foundation?
The Franken Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOLMDEL, NJ. It holds $869K in total assets as of 2024.
How large is The Franken Family Foundation?
As of 2024, The Franken Family Foundation holds $869K in total assets with $163K in annual revenue. It awarded 14 grants totaling $100K in 2024.
Where does The Franken Family Foundation operate?
The Franken Family Foundation has awarded grants in Connecticut, District of Columbia, Florida, New Jersey, New York, Texas, Utah.
What size grants does The Franken Family Foundation award?
In 2024, The Franken Family Foundation awarded 14 grants totaling $100K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Franken Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Franken Family Foundation reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Franken Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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