The Franks Family Foundation

SALT LAKE CITY, UT EIN: 20-8118710

The Franks Family Foundation is a private foundation established in 2006 and based in Salt Lake City, Utah. The foundation operates as an independent family foundation with a focus on charitable giving in select geographic areas.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$563K

-7.9% YoY

Annual Giving

$290K

+8.2% YoY

Grant Count

-12.8% YoY

Avg Grant Size

$9K

+24.1% YoY

Under IRS private-foundation payout rules, The Franks Family Foundation reported a distributable amount of $80K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation supports the following primary areas of interest:

Education
Philanthropy, Voluntarism & Grantmaking
Human Services
Catholic agencies and churches
Medical research
Secondary school education

Grantmaking

Average Grant

amount and median grant amount data available but not specified in sources

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

Utah (primary focus, particularly Salt Lake City)
California
South Dakota

Grant Distribution by State

Utah $791K (71%)

California $104K (9%)

New York $66K (6%)

Tennessee $50K (4%)

Colorado $20K (2%)

District of Columbia $20K (2%)

Oregon $17K (2%)

Indiana $13K (1%)

+11 more states

States

California Colorado Connecticut District of Columbia Florida Georgia Hawaii Indiana Massachusetts Michigan Nebraska New Jersey New York Oregon South Dakota Tennessee Utah Virginia Washington

Cities

AtlantaBoys TownCanyonvilleCedar CityChamberlainDenverEast TauntonFairfieldFederal WayHillsdaleHolladayIndianapolisJacksonvilleKahuluiLaguna HillsLehiLoganLos AngelesMemphisMidvale

Financial History

Multi-year comparison from IRS filings

Assets and Giving:

Total assets: $562,685 (most recent filing)
Total giving: $290,350 (2024)

Restrictions:

No grants to individuals

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$562,685	$611,245	$632,032
Revenue	$244,626	$248,597	$141,519
Expenses	$293,186	$269,384	$190,050
Qualifying Distributions	$290,350	$268,410	$190,050
Net Investment Income	$30,755	$39,199	$42,124
Distributable Amount	$79,671	$83,069	$95,463

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

172 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ymca Northern Utah ($91,000), Best Friends Animal Society ($35,000), Fistula Foundation ($15,000).

Recipient	Purpose	Amount
AFRICAN WILDLIFE FOUNDATION WASHINGTON, DC	CHARITABLE DONATION	$5,000
AMERICAN INDIAN COLLEGE FUND DENVER, CO	CHARITABLE	$4,000
AUDUBON SOCIETY SALT LAKE CITY, UT	CHARITABLE DONATION	$100
BEST FRIENDS ANIMAL SOCIETY SALT LAKE CITY, UT	CHARITABLE DONATION	$35,000
BOYS TOWN BOYS TOWN, NE	CHARITABLE DONATION	$3,000
CACHE HUMANE SOCIETY LOGAN, UT	CHARITABLE DONATION	$7,000
CASH GIFT SALT LAKE CITY, UT	CHARITABLE DONATION	$1,000
COVENANT HOUSE LOS ANGELES, CA	CHARITABLE DONATION	$7,000
FISTULA FOUNDATION SAN JOSE, CA	CHARITABLE	$15,000
FOURTH STREET CLINIC SALT LAKE CITY, UT	CHARITABLE DONATION	$3,000

Leadership & Key People

Leadership team and compensation from IRS filings

Donors and Trustees:

Herman L. Franks
Lauri T. Franks

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
HERMAN L FRANKS	TRUSTEE	0.1	—
LAURI T FRANKS	TRUSTEE	0.1	—
JANIE E FRANKS	ADMIN COMM	0.1	—
MICHAEL L FRANKS	ADMIN COMM	0.1	—

Contact Information

Address: 3905 E Prospector Drive Salt Lake City, UT 84121-4606

Phone: 801-303-5419

EIN: 20-8118710

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does The Franks Family Foundation fund?

The foundation supports the following primary areas of interest: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Catholic agencies and churches • Medical research • Secondary school education

How do I apply for a grant from The Franks Family Foundation?

**Grant Characteristics:** • Typical grant awards range from $10,000 to $91,000 • The foundation contributes only to pre-selected organizations • Applications are not accepted **Recent Giving Activity:** • Total giving: $290,350 (based on most recent IRS 990 filing for 2024) • Average grant amount and median grant amount data available but not specified in sources

Where does The Franks Family Foundation make grants?

The foundation primarily funds organizations in: • Utah (primary focus, particularly Salt Lake City) • California • South Dakota

What size grants does The Franks Family Foundation award?

In 2024, The Franks Family Foundation awarded 34 grants totaling $290K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is The Franks Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Franks Family Foundation reported a distributable amount of $80K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.