Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 07-01-2023 , and ending 06-30-2024
Name of foundation
THE FRANKLIN FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)55 EAST 52ND STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
NEW YORK, NY10055
A Employer identification number

13-6160092
B Telephone number (see instructions)

(212) 245-5900
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$2,758,349J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 76,028 75,673  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 -10,291
b Gross sales price for all assets on line 6a 520,669
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 65,737 75,673  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,500 1,500 0 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
16,432 16,432   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,543 401   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
250     250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 20,725 18,333 0 250
25 Contributions, gifts, grants paid....... 136,120 136,120
26 Total expenses and disbursements. Add lines 24 and 25 156,845 18,333 0 136,370
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -91,108
b Net investment income (if negative, enter -0-) 57,340
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 1,868 1,387 1,387
2 Savings and temporary cash investments......... 143,943 158,526 158,526
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow0      
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 598,518 Click to see attachment
List of Attached Documents:
// Content
625,047 		1,194,903
c Investments—corporate bonds (attach schedule)....... 1,129,321 Click to see attachment
List of Attached Documents:
// Content
1,099,929 		1,009,462
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 475,093 Click to see attachment
List of Attached Documents:
// Content
371,311 		394,071
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 2,348,743 2,256,200 2,758,349
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 2,348,743 2,256,200
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 2,348,743 2,256,200
30 Total liabilities and net assets/fund balances (see instructions). 2,348,743 2,256,200
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
2,348,743
2
Enter amount from Part I, line 27a .....................
2
-91,108
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
4,034
4
Add lines 1, 2, and 3 ..........................
4
2,261,669
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
5,469
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
2,256,200
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 12. PHINIA INC   2023-05-15 2023-07-19
b 90. PHINIA INC   2022-07-13 2023-07-19
c 20. AMERICAN TOWER CORP REIT   2019-09-19 2023-07-26
d 30. BLACKSTONE INC   2023-01-17 2023-07-26
e 30. BLACKSTONE INC   2022-07-13 2023-07-26
836.82 DFA INTL SUSTAINABILITY CORE   2018-03-08 2023-07-26
844.119 DFA US SUSTAINABILITY CORE 1   2018-01-31 2023-07-26
20. MORGAN STANLEY DEAN WITTER DISCOVER & CO   2023-05-15 2023-07-26
40. MORGAN STANLEY DEAN WITTER DISCOVER & CO   2022-07-06 2023-07-26
47.425 VANGUARD INTL GROWTH FUND AD   2020-10-23 2023-07-26
57. SS&C TECHNOLOGIES HLDGS INC   2023-05-15 2023-07-31
200. SS&C TECHNOLOGIES HLDGS INC   2022-07-06 2023-07-31
3. SS&C TECHNOLOGIES HLDGS INC   2022-11-02 2023-08-01
60. SS&C TECHNOLOGIES HLDGS INC   2020-03-31 2023-08-01
20. APPLE COMPUTER INC   2023-05-15 2023-11-10
2508.504 DFA US SUSTAINABILITY CORE 1   2018-01-31 2023-11-10
20. TEXAS INSTRS INC   2023-06-01 2023-11-14
163. TEXAS INSTRS INC   2022-07-13 2023-11-14
1964.637 EATON VANCE INC FD BOSTN-INS   2022-11-09 2024-05-02
1083.424 VOYA SECURITIZED CREDIT-I   2020-03-06 2024-05-02
11312.217 NUVEEN CORE IMPACT BD FD-R6   2021-12-16 2024-06-04
23501.763 VANGUARD INTM TERM CORP-ADM   2021-07-27 2024-06-04
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
CAPITAL GAIN DIVIDENDS P    
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 319   289 30
b 2,395   2,026 369
c 3,787   4,463 -676
d 3,097   2,678 419
e 3,097   2,747 350
10,008   9,305 703
30,059   18,799 11,260
1,878   1,655 223
3,757   3,043 714
5,028   6,626 -1,598
3,311   3,091 220
11,617   12,617 -1,000
174   151 23
3,488   2,678 810
3,696   3,455 241
85,164   55,864 29,300
3,000   3,504 -504
24,448   18,770 5,678
10,020   9,407 613
10,022   11,159 -1,137
100,452   119,683 -19,231
200,705   238,950 -38,245
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
      1,147
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       30
b       369
c       -676
d       419
e       350
      703
      11,260
      223
      714
      -1,598
      220
      -1,000
      23
      810
      241
      29,300
      -504
      5,678
      613
      -1,137
      -19,231
      -38,245
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -10,291
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 797
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 797
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 797
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 1,068
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 1,068
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 2
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 269
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow269 Refundedright arrow 11 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowNY
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowCO EVERCORE TRUST CO Telephone no.right arrow (212) 822-7647

Located atright arrow55 EAST 52ND STREETNEW YORKNY ZIP+4right arrow10055
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
CYNTHIA F FRANKLIN TRUSTEE
1 		0    
12 TOYON COURT
SAUSALITO,CA94965
GEORGE S FRANKLIN III TRUSTEE
1 		0    
61 COVE NECK ROAD
OYSTER BAY,NY11771
HELENA F ROZIER TRUSTEE
1 		0    
35 COMPO BEACH ROAD
WESTPORT,CT06880
SHEILA F LIEBER TRUSTEE
1 		0    
61 COVE NECK ROAD
OYSTER BAY,NY11771
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
2,475,225
b
Average of monthly cash balances.......................
1b
161,487
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
2,636,712
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
2,636,712
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
39,551
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,597,161
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
129,858
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
129,858
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
797
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
797
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
129,061
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
129,061
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
129,061
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
136,370
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
136,370
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 129,061
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 36,372
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 136,370
a Applied to 2022, but not more than line 2a 36,372
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2023 distributable amount..... 99,998
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		29,063
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

FEEDING AMERICA

PO BOX 96749
WASHINGTON,DC200906749 		NONE PC GENERAL 3,000

LOUIS D BROWN PEACE INSTITUTE

15 CHRISTOPHER STREET
DORCHESTER,MA02122 		NONE PC GENERAL 2,500

ASPCA

PO BOX 96929
WASHINGTON,DC20090 		NONE PC GENERAL 1,000

DUBLIN SCHOOL

18 LEHMANN WAY
DUBLIN,NH03444 		NONE PC TO ADVANCE CHARITY'S 8,000

SAVE THE CHILDREN

PO BOX 97132
WASHINGTON,DC200907132 		NONE PC GENERAL 8,000

KEHILLATH SHALOM SYNAGOGUE

58 GOOSE HILL RD
COLD SPRINGS HARBOR,NY11724 		NONE PC GENERAL 5,000

FRIENDS OF RAYNHAM HALL INC

20 WEST MAIN STREET
OYSTER BAY,NY11771 		NONE PC GENERAL 1,200

DOCTORS WITHOUT BORDERS USA

PO BOX 5030
HAGERSTOWN,MD217415030 		NONE PC GENERAL 8,000

SUSTAINABLE MARKETS FOUNDATION

40 WEST 37TH ST 1000
NEW YORK,NY10018 		NONE PC GENERAL 1,000

INTERNATIONAL RESCUE COMMITEE

263 WEST 38TH ST 6TH FL
NEW YORK,NY10018 		NONE PC TO ADVANCE CHARITY'S 7,000

PROPUBLICA

155 AVENUE OF THE AMERICAS
NEW YORK,NY10013 		NONE PC GENERAL 1,000

EPIPHANY MAGAZINE

71 BEDFORD STREET
NEW YORK,NY10014 		NONE PC TO ADVANCE CHARITY'S 25,000

CHILDREN'S ORCHESTRA SOCIETY

65-03 180TH ST
FRESH MEADOWS,NY11365 		NONE PC TO ADVANCE CHARITY'S 2,500

350ORG

PO BOX 843004
BOSTON,MA02284 		NONE PC GENERAL 2,000

WORLD CENTRAL KITCHEN

655 NEW YORK AVE NW 6TH FL
WASHINGTON,DC20001 		NONE PC TO ADVANCE CHARITY'S 2,000

CENTER FOR VICTIMS OF TORTURE

SPECIALTY BUILDING
ST PAUL,MN55114 		NONE PC TO ADVANCE CHARITY'S 2,000

DHARMATA FOUNDATION

235 WASHINGTON AVE
POINT RICHMOND,CA94801 		NONE PC TO ADVANCE CHARITY'S 7,000

RAZOM INC

140 2ND AVE 305
NEW YORK,NY10003 		NONE PC GENERAL 2,000

REFUGEES HELPING REFUGEES

259 RUTGERS STREET
ROCHESTER,NY14607 		NONE PC GENERAL 1,000

PLANNED PARENTHOOD

114 UNIVERSITY AVE
ROCHESTER,NY14605 		NONE PC TO ADVANCE CHARITY'S 2,000

REFUGEES INTERNATIONAL

PO BOX 33036
WASHINGTON,DC20033 		NONE PC GENERAL 1,000

THE NORTH SHORE LAND ALLIANCE

1395 PLANTING FIELDS RD
OYSTER BAY,NY11771 		NONE PC TO ADVANCE CHARITY'S 21,920

SCHOOL OF LEADERSHIP AFGHANISTAN INC

75 STATE STREET 100
BOSTON,MA02219 		NONE PC GENERAL 1,000

CENTER FOR COMMON GROUND

18459 PATRIOT LANE
RUTHER GLEN,VA22546 		NONE PC GENERAL 3,000

COMPASSION & CHOICES

8156 S WADSWORTH BLVD STE E-162
LITTLETON,CO80128 		NONE PC GENERAL 1,000

FOUNDATION INTEGRATIVE MEDITATION

905 EL ALHAMBRA CIR NW
LOS RANCHOS,NM87107 		NONE PC GENERAL 12,000

LIEBER AND SMITH INC

90 CHESTER AVENUE 1R
BROOKLYN,NY11218 		NONE PC GENERAL 3,000

PALESTINIAN CHILDREN S RELIEF FUND
THE PCRF
PO BOX 1926
KENT,OH44240 		NONE PC GENERAL 1,000

ISLAMIC RELIEF USA

PO BOX 22250
ALEXANDRIA,VA22304 		NONE PC GENERAL 1,000
Total .................................right arrow 3a 136,120
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 76,028  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 -10,291  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   65,737  
13Total. Add line 12, columns (b), (d), and (e)..................
13
65,737
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 1,500 1,500    

TY 2023 InvestmentsCorpBondsSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Name of Bond End of Year Book Value End of Year Fair Market Value
VANGUARD INTERMEDIATE-TERM COR 220,617 190,836
DOUBLELINE TOTAL RETURN BOND F 219,820 179,077
MUZINICH CREDIT OPPORTUNITY FU    
STONE RIDGE ALT LENDING RISK    
FROST TOTAL RETURN BOND FUND    
VOYA SECURITIZED CREDIT FUND 96,512 89,217
CARILLON REAMS CORE BOND FUND    
TIAA-CREF CORE IMPACT    
VANGUARD HIGH-YIELD CORPORATE    
EATON VANCE INCOME FUND OF BOS 67,663 72,637
VANGUARD SHORT TERM INVESTMENT 300,000 299,706
NUVEEN CORE IMPACT BOND FUND 195,317 177,989

TY 2023 InvestmentsCorpStockSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Name of Stock End of Year Book Value End of Year Fair Market Value
CELANESE CORP 25,530 29,676
WESTROCK CO    
AMAZON INC 24,720 41,405
HOME DEPOT INC 27,051 44,751
AUTOZONE INC 21,802 44,462
DOMINOS PIZZA INC    
BORG WARNER AUTOMOTIVE INC 17,364 17,087
BEST BUY INC    
NIKE INC CLASS B 17,252 15,300
CONSTELLATION BRANDS INC 17,132 25,728
THERMO FISHER SCIENTIFIC INC 22,958 38,710
UNITEDHEALTH GROUP INC 16,957 37,685
ABBOTT LABS 18,722 22,860
BLACKSTONE GRROUP INC CLASS A 17,204 40,854
MORGAN STANLEY 20,986 38,876
CBRE GROUP INC    
CHUBB LTD 20,493 30,610
BLACKROCK INC CL A 8,949 15,746
BERKSHIRE HATHAWAY INC CL B    
ROPER TECHNOLOGIES INC    
SS&C TECHNOLOGIES HLDGS INC    
MICROSOFT CORP 14,051 77,769
APPLE INC 10,497 66,977
MASTERCARD INC CL A 28,173 44,116
ADOBE INC 19,762 36,110
ACCENTURE PLC CL A 20,711 30,341
TEXAS INSTRUMENTS INC    
ANSYS INC 14,589 19,290
ALIBABA GROP HOLDING LTD SPONS    
IPG PHOTONICS CORP    
CDW CORP 20,649 40,291
APPLIED MATERIALS INC    
ALPHABET INC CL C 22,263 77,036
DISNEY WALT CO NEW    
MCDONALDS CORP 24,030 25,484
WILLIAMS COS INC 24,925 38,675
JP MORGAN CHASE & CO 20,629 40,452
FEDEX CORPORATION    
FIDELITY NATL INFORMATION SVCS    
TJX COS INC 24,803 39,636
BUILDERS FIRSTSOURCE INC 15,917 41,523
GENERAC HOLDINGS INC 26,364 21,155
NVIDIA CORP 21,788 98,832
POOL COPRPORATION 19,853 18,440
CROCS INC 18,923 35,026

TY 2023 InvestmentsOtherSchedule2
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
DFA US SUSTAINABILITY CORE 1      
DFA INTL SUSTAINABILITY CORE AT COST 75,057 89,319
INFINITY Q DIVERS ALPHA-INST AT COST 26,929 222
ARTISAN INTL VALUE FUND-INS AT COST 43,000 56,063
DFA EM MRKT SUST CORE 1-INST AT COST 54,801 60,217
GQP PART EMERG MKTS EQ-INST AT COST 54,527 73,830
PIONER LLS INTERVAL FUND      
AMERICAN TOWER CORP REIT AT COST 24,641 23,326
ENDING BALANCE AT CHASE      
VANGUARD INTL GROWTH FUND AD AT COST 70,755 58,034
CBRE GROUP INC AT COST 21,601 33,060

TY 2023 OtherDecreasesSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Description Amount
2023 TRANSACTION POSTED IN 2024 4,677
MUTUTAL FUND TIMING DIFFERNCES 792


TY 2023 OtherExpensesSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OTHER NON-ALLOCABLE EXPENSE - 250 0   250


TY 2023 OtherIncreasesSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Description Amount
2022 TRANSACTION POSTED IN 2023 4,034


TY 2023 OtherProfessionalFeesSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 16,432 16,432    


TY 2023 TaxesSchedule
Name:
THE FRANKLIN FUND
EIN:
13-6160092
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAX PAYMENT - PRIOR YE 1,074 0   0
FEDERAL ESTIMATES - PRINCIPAL 1,068 0   0
FOREIGN TAXES ON QUALIFIED FOR 293 293   0
FOREIGN TAXES ON NONQUALIFIED 108 108   0