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Also known as: Scholarship Trust
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Howard L Franks Memorial Scholarship Trust is a private trust based in ALBUQUERQUE, NM. The foundation received its IRS ruling in 2015. The principal officer is Zia Trust Inc.. It holds total assets of $379K. Annual income is reported at $55K. Total assets have decreased from $933K in 2011 to $394K in 2023. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Howard L Franks Memorial Scholarship Trust has made 5 grants totaling $217K, with a median grant of $50K. The foundation has distributed between $32K and $100K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $100K distributed across 2 grants. Individual grants have ranged from $32K to $50K, with an average award of $43K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Howard L Franks Memorial Scholarship Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NM.
Howard L Franks Memorial Scholarship Trust has distributed a total of $217K across 5 grants. The median grant size is $50K, with an average of $43K. Individual grants have ranged from $32K to $50K.
Howard L Franks Memorial Scholarship Trust typically selects its grantees rather than accepting unsolicited proposals.
Howard L Franks Memorial Scholarship Trust is headquartered in ALBUQUERQUE, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Zia Trust Inc | Trustee | $4K | $0 | $4K |
Total Giving
$43K
Total Assets
$394K
Fair Market Value
$374K
Net Worth
$394K
Grants Paid
$32K
Contributions
N/A
Net Investment Income
$7K
Distribution Amount
$19K
Total: $232K
Total Grants
5
Total Giving
$217K
Average Grant
$43K
Median Grant
$50K
Unique Recipients
4
Most Common Grant
$50K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| New Mexico School For The ArtsEnable Donee's Exempt Function | Santa Fe, NM | $32K | 2023 |
| New Mexico School For The Arts Arts Spring For 2022Enable Donee's Exempt Function | Santa Fe, NM | $50K | 2022 |
| New Mexico School For The Arts Arts Spring For 2021Enable Donee's Exempt Function | Santa Fe, NM | $50K | 2021 |
| New Mexico School For The Arts Arts Spring For 2020Enable Donee's Exempt Function | Santa Fe, NM | $35K | 2020 |
SANTA FE, NM
SANTA FE, NM
SANTA FE, NM