The Franklin Family Foundation
The Franklin Family Foundation is a private foundation, based in Gloucester, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 3 grants totaling $110K. Net investment income was $73K.
The Franklin Family Foundation at a glance
In short: The Franklin Family Foundation gave $110K across 3 grants in 2025 (avg $37K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $110,000
- -42.1% vs 2024
- Grants made (2025)
- 3
- +50.0% vs 2024
- Average grant
- $36,667
- -61.4% vs 2024
- Median grant
- $40,000
- Total assets
- $1,376,953
- -0.6% vs 2024
- Primary geography
- North Carolina (64% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Franklin Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Foot Hills Community Chapel ($50K). Together the top 3 received $110K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 11 (45%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How The Franklin Family Foundation gives
- Giving grew 62% from 2022 to 2025. Method
- In 2025 it paid out 158% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $65K (2020) to $265K (2023). In 2025 it made 3 grants totaling $110K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Foot Hills Community Chapel Columbus, NC | Charitable. | $50,000 |
| Eagle Island Inc Saranac Lake, NY | Charitable. | $40,000 |
| Liberty Baptist Church Ellenboro, NC | Charitable. | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,376,953 | $74,976 | $113,000 | $110,000 | 3 | $111,500 | $73,476 | $70,733 |
| 2024 | $1,385,113 | $59,608 | $193,338 | $190,131 | 2 | $191,733 | $58,651 | $66,580 |
| 2023 | $1,459,461 | $88,920 | $268,561 | $265,000 | 4 | $266,780 | $87,139 | $73,214 |
| 2022 | $1,418,733 | $144,687 | $70,742 | $68,000 | 2 | $69,370 | $49,192 | $85,684 |
| 2021 | $1,519,193 | $448,153 | $3,250 | — | — | — | $296,764 | $63,068 |
| 2020 | $1,077,579 | $25,525 | $67,105 | $65,000 | 4 | — | $31,016 | $50,176 |
Under IRS private-foundation payout rules, The Franklin Family Foundation reported a distributable amount of $71K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Franklin Family Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joseph A. Vitale
Trustee
On filings since 2020
No compensation reported
Laurie Franklin
Trustee
On filings since 2020
No compensation reported
Mark S. Franklin
Grantor & Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Franklin Family Foundation
How much does The Franklin Family Foundation give each year?
The Franklin Family Foundation gave $110K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $190K across 2 grants.
What is The Franklin Family Foundation's typical grant size?
The Franklin Family Foundation's median grant in 2025 was $40,000, and its average grant was $36,667, across 3 grants on its 2025 IRS Form 990-PF.
Where does The Franklin Family Foundation give grants?
The Franklin Family Foundation gives mostly in North Carolina: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was New York (36%).
Does The Franklin Family Foundation give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on The Franklin Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable." (3 grants).
How large is The Franklin Family Foundation?
The Franklin Family Foundation reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $112K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets).
What is The Franklin Family Foundation's EIN?
The Franklin Family Foundation's EIN (Employer Identification Number) is 26-1252194. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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