Franklin Philanthropic Foundation
- Assets
- $9.6m
- Revenue
- $1.0m
- Investments
- $9.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1989
- Data as of
- 12/2022
- EIN
- 36-3668125
Organization Overview
Franklin Philanthropic Foundation is located in Chicago, IL. The organization was established in 1989. 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. Franklin Philanthropic Foundation 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 12/2022, Franklin Philanthropic Foundation generated $1.0m 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 (10.0%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Franklin Philanthropic Foundation has awarded 424 individual grants totaling $2,193,128. 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 |
|---|---|---|---|
Morris F Goodman President/dir | 1 | $0 | |
David Mabie Treasurer/dir | 0.2 | $0 | |
Randall Romei Secretary/dir | 1 | $0 | |
Stanley Goodman Vice Pres/dir | 0.2 | $0 | |
Linda Goodman Vice Pres/dir | 0.2 | $0 | |
Joyce Goodman Vice Pres/dir | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $800,000 |
| Interest on Savings | $5,672 |
| Dividends & Interest | $118,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,317 |
| Capital Gain Net Income | $105,317 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,029,484 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $66,669 |
| Total operating and administrative expenses | $261,431 |
| Contributions, gifts, grants paid | $860,848 |
| Total expenses and disbursements | $1,122,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $580,162 |
| 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 | $316,721 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,550,739 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Franklin Philanthropic Foundation has awarded $860,848 in support to 154 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU FOUNDATION PURPOSE: UNRESTRICTED | $2,000 |
ACLU OF NEW JERSEY FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |
AIDS FOUNDATION OF CHICAGO PURPOSE: UNRESTRICTED | $2,000 |
AFRICAN WILDLIFE FOUNDATION PURPOSE: UNRESTRICTED | $2,910 |
AMERICAN WILDLIFE FOUNDATION PURPOSE: UNRESTRICTED | $2,910 |
AMERICAN FREINDS OF HEBREW UNIVERSI PURPOSE: UNRESTRICTED | $2,000 |