Julie And Martin Franklin Family Foundation Inc
- Assets
- $40.9m
- Revenue
- $1.3m
- Investments
- $38.6m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 01/2017
- Data as of
- 12/2023
- EIN
- 81-3940545
Organization Overview
Julie And Martin Franklin Family Foundation Inc is located in Miami Beach, FL. The organization was established in 2017. 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. Julie And Martin Franklin Family Foundation Inc 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 12/2023, Julie And Martin Franklin Family Foundation Inc generated $1.3m in total revenue. All expenses for the organization totaled $4.2m during the year ending 12/2023.
Since 2017, Julie And Martin Franklin Family Foundation Inc has awarded 243 individual grants totaling $22,872,632. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin E Franklin Director/president | 1 | $0 | |
Julie Franklin Director/vice President/se | 1 | $0 | |
Desiree Destefano Director/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $60,147 |
| Interest on Savings | $0 |
| Dividends & Interest | $833,696 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $292,088 |
| Capital Gain Net Income | $292,088 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,201 |
| Total Revenue | $1,259,132 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $106,043 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $234,183 |
| Total operating and administrative expenses | $348,955 |
| Contributions, gifts, grants paid | $3,874,277 |
| Total expenses and disbursements | $4,223,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $667,798 |
| Savings and temporary cash investments | $1,588,522 |
| 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 | $3,751,106 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,499 |
| Total assets | $40,887,588 |
| 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, Julie And Martin Franklin Family Foundation Inc has awarded $3,874,277 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF OR NATIONAL MISSIONS PURPOSE: GENERAL CHARITABLE | $1,000,000 |
AMERICAN ISRAEL EDUCATION FUND (AIEF) PURPOSE: GENERAL CHARITABLE | $600,000 |
BLYTHEDALE CHILDREN HOSPITAL PURPOSE: GENERAL CHARITABLE | $10,000 |
BRANDEIS MARIN PURPOSE: GENERAL CHARITABLE | $35,595 |
CENTER FOR ENTREPENEURIAL JEWISH PHILANTHROPY PURPOSE: GENERAL CHARITABLE | $100,000 |
CHALLENGED ATHLETES FOUNDATION PURPOSE: GENERAL CHARITABLE | $100,000 |