The Morris I Franco Foundation

RAHWAY, NJ EIN: 23-7028051

The Morris I Franco Foundation is a private foundation, based in RAHWAY, NJ. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.5M in total assets. In 2025, it awarded 1 grants totaling $19K. Net investment income was $87K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.5M

+4.7% YoY

Annual Giving

$19K

+34.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$19K

+34.3% YoY

Under IRS private-foundation payout rules, The Morris I Franco Foundation reported a distributable amount of $65K for 2025 — the minimum it must pay out in qualifying distributions.

About The Morris I Franco Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $68K (100%)

States

New Jersey

Cities

Rahway

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$1,461,802	$1,396,688	$1,332,398
Revenue	$87,510	$79,447	$42,157
Expenses	$18,883	$15,157	$12,347
Qualifying Distributions	$18,791	$13,987	$11,367
Net Investment Income	$87,418	$78,277	$63,918
Distributable Amount	$65,187	$54,590	$1,293

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 2025

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Various available Upon Request ($18,791).

Recipient	Purpose	Amount
Various available Upon Request Rahway, NJ	CHARITABLE	$18,791

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
ISAAC M FRANCO	V/P, TREASURER	2	—
AUDREY ADJMI	SECRETARY	2	—

Frequently Asked Questions

How large is The Morris I Franco Foundation?

As of 2025, The Morris I Franco Foundation holds $1.5M in total assets with $88K in annual revenue. It awarded 1 grants totaling $19K in 2025.

Where does The Morris I Franco Foundation operate?

The Morris I Franco Foundation has awarded grants in New Jersey.

What size grants does The Morris I Franco Foundation award?

In 2025, The Morris I Franco Foundation awarded 1 grants totaling $19K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is The Morris I Franco Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, The Morris I Franco Foundation reported a distributable amount of $65K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Morris I Franco Foundation's EIN?

The Morris I Franco Foundation's EIN (Employer Identification Number) is 23-7028051. IRS Form 990 filing data is available on this page for 2021–2025.