Myer & Lois Franklin Charitable Tr
- Assets
- $5.9m
- Revenue
- $27.3k
- Investments
- $5.6m
- Employees
- 0
- Location
- Jackson, MI
- Founding
- 02/1987
- Data as of
- 12/2023
- EIN
- 38-2715461
Organization Overview
Myer & Lois Franklin Charitable Tr is located in Jackson, MI. The organization was established in 1987. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Myer & Lois Franklin Charitable Tr 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, Myer & Lois Franklin Charitable Tr generated $27.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.6%) each year. All expenses for the organization totaled $377.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Myer & Lois Franklin Charitable Tr has awarded 327 individual grants totaling $2,959,039. 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 |
|---|---|---|---|
Deborah Marshall Trustee | 0 | $0 | |
Rae M Knoll Trustee | 0 | $0 | |
James Marshall Trustee | 0 | $0 | |
Michael Knoll Trustee | 0 | $0 | |
Kristen Schilling Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $221,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$194,026 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $27,313 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,454 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58,309 |
| Contributions, gifts, grants paid | $318,946 |
| Total expenses and disbursements | $377,255 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $341,005 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,944,570 |
| 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, Myer & Lois Franklin Charitable Tr has awarded $318,946 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
MICHIAN TECHNOLOGICAL UNIVERSITY PURPOSE: SCHOLARSHIPS | $8,500 |
BAKER COLLEGE PURPOSE: SCHOLARSHIP | $2,000 |
UNIVERSITY OF MICHIGAN PURPOSE: SCHOLARSHIPS | $39,000 |
CENTRAL MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $11,500 |
SAGINAW VALLEY STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $4,500 |
EASTERN MICHIGAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $8,000 |