The Paul W Franke Family Foundation
The Paul W Franke Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE FOREST, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 25 grants totaling $92K. Net investment income was $59K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
-2.7% YoY
Annual Giving
$92K
-2.7% YoY
Grant Count
25
+0.0% YoY
Avg Grant Size
$4K
-2.7% YoY
Under IRS private-foundation payout rules, The Paul W Franke Family Foundation reported a distributable amount of $90K for 2024 — the minimum it must pay out in qualifying distributions.
About The Paul W Franke Family Foundation
Based on IRS filings
The Paul W Franke Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE FOREST, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 25 grants totaling $92K. Net investment income was $59K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,378,008 | $1,415,623 | $1,496,852 |
| Revenue | $60,226 | $20,285 | $206,983 |
| Expenses | $97,841 | $101,514 | $93,922 |
| Qualifying Distributions | $91,500 | $94,000 | $89,000 |
| Net Investment Income | $58,738 | $56,483 | $205,496 |
| Distributable Amount | $90,318 | $78,931 | $94,282 |
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
114 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Little Sisters of the Poor ($20,000), Mercy Home for Boys and Girls ($15,000), Care ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS CHICAGO, IL | GENERAL SUPPORT | $2,500 |
| ARYSE PITTSBURGH, PA | GENERAL SUPPORT | $4,000 |
| BEACON PLACE WAUKEGAN, IL | EDUCATION | $1,000 |
| CARE MERRIFIELD, VA | PUBLIC SUPPORT | $5,000 |
| CATHOLIC CHARITIES CHICAGO, IL | GENERAL SUPPORT | $2,500 |
| COMPASSION INTERNATIONAL COLORADO SPRINGS, CO | GENERAL SUPPORT | $1,000 |
| DEERFIELD TOWNSHIP FOOD PANTRY DEERFIELD, IL | FOOD FOR NEEDY PEOPLE | $2,000 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | INTERNATIONAL MEDICAL CARE | $3,000 |
| FEED MY STARVING CHILDREN COON RAPIDS, MN | GENERAL SUPPORTFOOD FOR NEEDY PEOPLE | $3,000 |
| HABITAT FOR HUMANITY WAUKEGAN, IL | HOUSING FOR POOR | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL W FRANKE | PRESIDENT | 1 | — |
| JAMES FRANKE | SECRETARY | 1 | — |
| JAMES FRANKE | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Paul W Franke Family Foundation?
The Paul W Franke Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKE FOREST, IL. It holds $1.4M in total assets as of 2024.
How large is The Paul W Franke Family Foundation?
As of 2024, The Paul W Franke Family Foundation holds $1.4M in total assets with $60K in annual revenue. It awarded 25 grants totaling $92K in 2024.
Where does The Paul W Franke Family Foundation operate?
The Paul W Franke Family Foundation has awarded grants in Colorado, Connecticut, District of Columbia, Illinois, Maryland, Minnesota, New York, Pennsylvania, Tennessee, Texas, Virginia.
What size grants does The Paul W Franke Family Foundation award?
In 2024, The Paul W Franke Family Foundation awarded 25 grants totaling $92K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Paul W Franke Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Paul W Franke Family Foundation reported a distributable amount of $90K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Paul W Franke Family Foundation's EIN?
The Paul W Franke Family Foundation's EIN (Employer Identification Number) is 20-1166896. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Paul W Franke Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.