John & Mary Franklin Foundation Inc

Overview

The John & Mary Franklin Foundation Inc is a private foundation based in Atlanta, Georgia. It was incorporated in 1955 and is recognized as a 501(c)3 organization, making donations to it tax-deductible[3][4].

Mission

The foundation's mission is to support effective, well-led organizations, primarily within the metropolitan Atlanta community. It focuses on providing assistance to low-income individuals and families, with an emphasis on at-risk children. Additionally, the foundation supports organizations involved in scientific and technological research[4].

Activities and Goals

The John & Mary Franklin Foundation Inc has two primary goals:

1. Breaking the Cycle of Poverty: The foundation works to address generational poverty by providing basic needs, educational opportunities, and healthcare to the community. It supports initiatives that enhance job markets, fostering economic security for those seeking to escape poverty[1].

2. Promoting Economic Growth: By supporting institutions and resources that attract businesses to locate and expand within Atlanta and Georgia, the foundation aims to create a robust job market. This strategic investment is designed to encourage economic development in the region[1].

Financial Activities

In 2022, the foundation awarded a total of $2,011,672 in grants[1]. Its primary sources of revenue included dividends and the sale of assets[3]. In 2023, the foundation provided $1,322,829 in grants[5].

Governance

As of the latest available data, the foundation's trustees include prominent individuals such as Jerry W. Nix, John B. Carter Jr., Marion B. Glover, Elizabeth R. Jones, E. Kendrick Smith, and John F. Oglesby. The executive secretary position has been held by Robin M. Murray and previously by Dr. Marilu H. Mccarty[3].

[1] https://www.homelandsecuritygrants.info/GrantDetails.aspx?gid=54032 [2] https://jmfranklin.org [3] https://projects.propublica.org/nonprofits/organizations/586036131 [4] https://fconline.foundationcenter.org/fdo-grantmaker-profile?key=FRAN009 [5] https://www.instrumentl.com/990-report/john-mary-franklin-foundation-inc