The Franklin O Blechman Memorial

NEWPORT NEWS, VA EIN: 54-6263945

The Franklin O Blechman Memorial is a private foundation, based in NEWPORT NEWS, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $435K in total assets. In 2024, it awarded 1 grants totaling $18K. Net investment income was $27K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$435K

+10.9% YoY

Annual Giving

$18K

Grant Count

Avg Grant Size

$18K

Under IRS private-foundation payout rules, The Franklin O Blechman Memorial reported a distributable amount of $20K for 2024 — the minimum it must pay out in qualifying distributions.

About The Franklin O Blechman Memorial

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $58K (100%)

States

Virginia

Cities

Newport News

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$434,529	$391,649	$346,183
Revenue	$27,365	$15,940	$9,740
Expenses	$1,940	$613	$15,778
Qualifying Distributions	—	—	$15,000
Net Investment Income	$27,322	$15,327	$14,912
Distributable Amount	$20,280	$17,597	$17,542

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Christopher Newport University ($17,600).

Recipient	Purpose	Amount
CHRISTOPHER NEWPORT UNIVERSITY NEWPORT NEWS, VA	MAT SCHOLARSHIP	$17,600

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSHUA M DAVID	TREASURER	—	—
E B DAVID	PRESIDENT	—	—
J B MORENOFF	SECRETARY	—	—

Frequently Asked Questions

How large is The Franklin O Blechman Memorial?

As of 2024, The Franklin O Blechman Memorial holds $435K in total assets with $27K in annual revenue. It awarded 1 grants totaling $18K in 2024.

Where does The Franklin O Blechman Memorial operate?

The Franklin O Blechman Memorial has awarded grants in Virginia.

What size grants does The Franklin O Blechman Memorial award?

In 2024, The Franklin O Blechman Memorial awarded 1 grants totaling $18K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is The Franklin O Blechman Memorial required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Franklin O Blechman Memorial reported a distributable amount of $20K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Franklin O Blechman Memorial's EIN?

The Franklin O Blechman Memorial's EIN (Employer Identification Number) is 54-6263945. IRS Form 990 filing data is available on this page for 2020–2024.