Franke Family Charitable Fndtn
- Assets
- $53.0m
- Revenue
- $1.4m
- Investments
- $50.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 02/1990
- Data as of
- 06/2022
- EIN
- 36-3662848
Organization Overview
Franke Family Charitable Fndtn is located in Chicago, IL. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franke Family Charitable Fndtn is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Franke Family Charitable Fndtn generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.7%) each year. All expenses for the organization totaled $2.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Franke Family Charitable Fndtn has awarded 159 individual grants totaling $14,037,258. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara E Franke Trustee | 5 | $0 | |
Jane S Franke Trustee | 5 | $0 | |
Katherine M Franke Trustee | 5 | $0 | |
Richard J Franke Trustee (deceased 04.15.2022) | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,067 |
| Dividends & Interest | $395,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $785,128 |
| Capital Gain Net Income | $982,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $230,000 |
| Total Revenue | $1,412,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,000 |
| Depreciation | $0 |
| Occupancy | $8,554 |
| Travel, conferences, and meetings | $75 |
| Printing and publications | $653 |
| Other expenses | $10,711 |
| Total operating and administrative expenses | $134,788 |
| Contributions, gifts, grants paid | $2,530,500 |
| Total expenses and disbursements | $2,665,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,588,976 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $50,374,290 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $52,963,266 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $666,667 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $666,667 |
Grants Awarded
Over the last fiscal year, Franke Family Charitable Fndtn has awarded $2,663,833 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN PHILOSOPHICAL SOCIETY PURPOSE: GENERAL OPERATIONS | $25,000 |
ARIZONA MUSICFEST PURPOSE: GENERAL OPERATIONS | $25,000 |
ART INSTITUTE OF CHICAGO PURPOSE: TEXTILE DEPARTMENT | $10,000 |
ART INSTITUTE OF CHICAGO PURPOSE: SUSTAINING FELLOWS | $25,000 |
CHICAGO HUMANITIES FESTIVAL PURPOSE: GENERAL OPERATIONS | $25,000 |
CHICAGO SHAKESPEARE THEATRE PURPOSE: GENERAL OPERATIONS | $5,000 |