answersLogoWhite

0

In 1940, Franklin's Philadelphia trust began loaning money to residents, primarily for local mortgages. By 1990, the trust had grown to over $2,000,000 and the executors opened the funds to include scholarships.

The Boston trust accrued nearly $5,000,000 by 1990. The first hundred-years-worth of interest went to founding the Franklin Institute of Boston, and was later dedicated entirely to the trade school.

User Avatar

Wiki User

12y ago

What else can I help you with?