Indiana · Nonprofit
Franklin College of Indiana
Franklin College of Indiana (Indiana) receives grants from 80 organizations whose IRS filings report $6,416,834 to it, the largest being LILLY ENDOWMENT INC ($2,683,980). 43 of them have funded it in more than one year.
- Revenue FY2025
- $56M
- Funders on record
- 80
- Grants received
- $6.4M
- Net assets
- $127M
What Franklin College of Indiana does
Mission
Franklin College empowers students through an experiential education, grounded in the liberal arts and sciences, promoting impactful careers and meaningful lives.
As stated on its FY2025 Form 990.
Programs
Scholarships - grants to students to reduce students' cost of attendance.
$21,108,951 spentof which $21,108,951 as grants43% of program spendingInstruction - designing and delivering the academic curriculum for undergraduate and graduate students.
$19,543,085 spent$35,460,508 earned by the program39% of program spendingStudent services - activities related to students' lives outside the classroom. This includes: student affairs, residence life, college chaplain, admissions, financial aid office, academic records, and athletics.
$8,999,832 spent$7,354,299 earned by the program18% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $49,651,868.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $142M to $161M (+13%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 1% · 2021 9% · 2022 4% · 2023 1% · 2024 0% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.
12% of Franklin College of Indiana’s revenue is contributions — about as donation-reliant as the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Peter Cangany
Chair of the Board
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 16 funders to 25 funders, grant income rose $217k → $1.0M.
18 of 80 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 33% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Franklin College of Indiana’s funders (the co-funder graph). Top 30 of 80 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Franklin College of Indiana leans on a few funders — its largest provides 42% of grant income and the top three 63%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
35% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Franklin College of Indiana.
Largest funder’s share by year: 2017 46% · 2018 39% · 2019 38% · 2020 77% · 2021 46% · 2022 58% · 2023 72% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
32% of Franklin College of Indiana's funders are still giving 3 years after their first grant; 54% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
92% of Franklin College of Indiana's grant income comes from Indiana funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.1M arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Franklin College of Indiana's funding base is broadening — from 16 funders to 25 as grant income climbed.
this organization peer median middle 50% of peers· 3,794 education nonprofits $10M–$100M, FY2025
Government funding Franklin College of Indiana receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $5.9M on record.
- Department of Education$5.7M
- Department of Health and Human Services$292k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Franklin College of Indiana
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Indiana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
67%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 2 states
Part of a family of 1 related entity
- Charitable Remainder Trusts (4) · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for Franklin College of Indiana: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Franklin College of Indiana?
- Franklin College of Indiana (Indiana) receives grants from 80 organizations whose IRS filings report $6,416,834 to it, the largest being LILLY ENDOWMENT INC ($2,683,980). 43 of them have funded it in more than one year.
- How many funders does Franklin College of Indiana have?
- IRS filings report 80 organizations giving $6,416,834 in grants to Franklin College of Indiana, 43 of which have funded it in more than one year.
- Who is the largest funder of Franklin College of Indiana?
- LILLY ENDOWMENT INC is the largest funder on record, with $2,683,980 in grants. The full list of funders is on this page.
- How can an organization like Franklin College of Indiana find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Franklin College of Indiana →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 80 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing