The Franklin Family Foundation
The Franklin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.4M
-0.6% YoY
Annual Giving
$110K
-42.1% YoY
Grant Count
3
+50.0% YoY
Avg Grant Size
$37K
-61.4% YoY
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.
About The Franklin Family Foundation
Based on IRS filings
The Franklin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,376,953 | $1,385,113 | $1,459,461 |
| Revenue | $74,976 | $59,608 | $88,920 |
| Expenses | $113,000 | $193,338 | $268,561 |
| Qualifying Distributions | $111,500 | $191,733 | $266,780 |
| Net Investment Income | $73,476 | $58,651 | $87,139 |
| Distributable Amount | $70,733 | $66,580 | $73,214 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Foot Hills Community Chapel ($50,000), Eagle Island Inc ($40,000), Liberty Baptist Church ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| LIBERTY BAPTIST CHURCH ELLENBORO, NC | CHARITABLE. | $20,000 |
| EAGLE ISLAND INC SARANAC LAKE, NY | CHARITABLE. | $40,000 |
| FOOT HILLS COMMUNITY CHAPEL COLUMBUS, NC | CHARITABLE. | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK S FRANKLIN | GRANTOR AND TRUSTEE | — | — |
| LAURIE FRANKLIN | TRUSTEE | — | — |
| JOSEPH A VITALE | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Franklin Family Foundation?
The Franklin Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GLOUCESTER, MA. It holds $1.4M in total assets as of 2025.
How large is The Franklin Family Foundation?
As of 2025, The Franklin Family Foundation holds $1.4M in total assets with $75K in annual revenue. It awarded 3 grants totaling $110K in 2025.
Where does The Franklin Family Foundation operate?
The Franklin Family Foundation has awarded grants in Florida, Massachusetts, North Carolina, New Jersey, New York.
What size grants does The Franklin Family Foundation award?
In 2025, The Franklin Family Foundation awarded 3 grants totaling $110K — an average of about $37K per grant, based on its IRS Form 990 filings.
How much is The Franklin Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The Franklin Family Foundation reported a distributable amount of $71K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Franklin 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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