The Morris I Franco Foundation
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 grant totaling $19K. Net investment income was $87K.
The Morris I Franco Foundation at a glance
In short: The Morris I Franco Foundation gave $19K across 1 grant in 2025 (avg $19K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $18,791
- +34.3% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $18,791
- +34.3% vs 2024
- Median grant
- $18,791
- Total assets
- $1,461,802
- +4.7% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Morris I Franco Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Various available Upon Request ($19K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How The Morris I Franco Foundation gives
- Giving grew 38% from 2022 to 2025. Method
- In 2025 it paid out 29% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $10K (2021) to $19K (2025). In 2025 it made 1 grant totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various available Upon Request Rahway, NJ | Charitable | $18,791 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,461,802 | $87,510 | $18,883 | $18,791 | 1 | $18,791 | $87,418 | $65,187 |
| 2024 | $1,396,688 | $79,447 | $15,157 | $13,987 | 1 | $13,987 | $78,277 | $54,590 |
| 2023 | $1,332,398 | $42,157 | $12,347 | $11,367 | 1 | $11,367 | $63,918 | $1,293 |
| 2022 | $1,302,588 | $42,126 | $14,850 | $13,656 | 1 | $13,656 | $42,306 | $63,700 |
| 2021 | $1,275,312 | $46,615 | $11,290 | $10,307 | 1 | — | $48,292 | $1,034 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Morris I Franco Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Isaac M. Franco
V, P & Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Audrey Adjmi
Secretary
On filings since 2024
2 hrs/week
No compensation reported
Former officers (1)
- Former: Carol Franco (2021–2023) — Secretary
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Morris I Franco Foundation
How much does The Morris I Franco Foundation give each year?
The Morris I Franco Foundation gave $19K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 1 grant.
How large is The Morris I Franco Foundation?
The Morris I Franco Foundation reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Morris I Franco Foundation operate?
The Morris I Franco Foundation has awarded grants in New Jersey.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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