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Also known as: DBA Peabody Home
Franklin Home For The Aged Association is a private association based in FRANKLIN, NH. The foundation received its IRS ruling in 1995. It holds total assets of $24.6M. Annual income is reported at $5.7M. Franklin Home for the Aged began as a place for elders in the community who originally worked in the mills to live out their retirement years. Three founding families pooled resources and a portion of their accumulated wealth to establish the home incorporating as an association in 1938.We earned our official nonprofit status in later years but not before the original mansion was opened in 1944. Since so many locals referred to the Home as the 'Peabody Home' due to the original Peabody homestead on which the current structure was built, that the informal name became our actual title. Peabody has been a fixture in the three rivers city of Franklin for over 80 years providing quality care for seniors generation after generation.(See continued...). According to available records, Franklin Home For The Aged Association has made 7 grants totaling $3K, with a median grant of $100. Annual giving has grown from $50 in 2020 to $1K in 2023. Grantmaking activity was highest in 2022 with $2K distributed across 2 grants. Individual grants have ranged from $50 to $2K, with an average award of $492.857. The foundation has supported 5 unique organizations. Grant recipients are concentrated in New Hampshire. Contributions to this foundation are tax-deductible.
Franklin Home for the Aged DBA Peabody Home, was built for the working class people of Franklin, NH. Over the years our focus has been on providing the best long term care, not a "market rate" but at what those services actually cost us to provide. This translates into our nursing and assisted living rates are, on average, $50.00/day less than all other homes in New Hampshire. We are actually subsidizing our Nursing care Residents by $18,250/year. This decreases the demand on the Medicaid system. Resident's money lasts longer and postpones the need for them to go onto Medicaid, which is funded by the Federal Government and the State of NH. This approach to the annual budget has been agreed to by the Board of Managers every year. Capital expenses such as carpet replacement, elevator rebuilds and other equipment expenses are paid for either by fund raising efforts or the use of our portfolio.
Expenses: $2.5M
Franklin Home for the Aged began as a place for elders in the community who originally worked in the mills to live out their retirement years. Three founding families pooled resources and a portion of their accumulated wealth to establish the home incorporating as an association in 1938.We earned our official nonprofit status in later years but not before the original mansion was opened in 1944. Since so many locals referred to the Home as the 'Peabody Home' due to the original Peabody homestead on which the current structure was built, that the informal name became our actual title. Peabody has been a fixture in the three rivers city of Franklin for over 80 years providing quality care for seniors generation after generation.(See continued...). Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NH.
Franklin Home For The Aged Association has distributed a total of $3K across 7 grants. The median grant size is $100, with an average of $492.857. Individual grants have ranged from $50 to $2K.
Franklin Home For The Aged Association typically selects its grantees rather than accepting unsolicited proposals.
Franklin Home For The Aged Association is headquartered in FRANKLIN, NH.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Howard Chandler | Past Executive Director | $115K | $7K | $129K |
| Lynda Goldthwaite | Executive Director | $40K | $890 | $41K |
| Craig Jacobson | Member | $0 | $0 | $0 |
| Duncan Coolidge | Member | $0 | $0 | $0 |
| John Benham | Member | $0 | $0 | $0 |
Total Giving
$5.3M
Total Assets
$26.6M
Fair Market Value
$26.6M
Net Worth
$-189,227
Grants Paid
$1K
Contributions
$2K
Net Investment Income
$59K
Distribution Amount
$0
Total: $1.1M
Total Grants
7
Total Giving
$3K
Average Grant
$492.857
Median Grant
$100
Unique Recipients
5
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Franklin Vna & HospiceGeneral Support - Silver Sponsorship | Franklin, NH | $1K | 2023 |
| Franklin Christmas Lighting FundDonation | Franklin, NH | $100 | 2023 |
| Road To IndependenceDonation | Newport, NH | $100 | 2023 |
| Grand Lodge Of Nh Charitable FundDonation to their Charity for members helping Peabody move into the new building. | Manchester, NH | $2K | 2022 |
| City Of FranklinHoliday decorating | Franklin, NH | $100 |
COLUMBUS, OH
FARMINGTON, ME
BLOOMFIELD, NJ
NEW BEDFORD, MA
YOUNGSTOWN, OH
| Kathy Fuller |
| Secretary |
| $0 |
| $0 |
| $0 |
| Wanda Belyea | Treasurer | $0 | $0 | $0 |
| Robert Lucas | Vice Chair | $0 | $0 | $0 |
| Chris Seufert | Chair | $0 | $0 | $0 |
| Pam Hannan | Member | $0 | $0 | $0 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2021 |
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