The Franks Family Foundation
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
34
-12.8% YoY
Avg Grant Size
$9K
+24.1% YoY
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
States
Cities
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
| 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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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