Aaron and Carolynn Frankel Foundation
Aaron and Carolynn Frankel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TROY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $35K in total assets. In 2024, it awarded 1 grants totaling $68K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$35K
-66.3% YoY
Annual Giving
$68K
Grant Count
1
Avg Grant Size
$68K
Under IRS private-foundation payout rules, Aaron and Carolynn Frankel Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Aaron and Carolynn Frankel Foundation
Based on IRS filings
Aaron and Carolynn Frankel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TROY, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $35K in total assets. In 2024, it awarded 1 grants totaling $68K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $34,523 | $102,543 | $103,918 |
| Revenue | — | — | — |
| Expenses | $68,020 | $1,375 | $1,395 |
| Qualifying Distributions | $68,000 | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $3,515 | $5,076 | $5,138 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Detroit Institute of Arts ($68,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DETROIT INSTITUTE OF ARTS DETROIT, MI | ANNUAL SUPPORT | $68,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AARON FRANKEL | PRESIDENT, MEMBER, TRUSTEE | — | — |
| CAROLYNN FRANKEL | VICE PRESIDENT, MEMBER, TR | — | — |
| STANLEY FRANKEL | SECRETARY, TRUSTEE | — | — |
| JUDITH FRANKEL | TREASURER, TRUSTEE | — | — |
| ARTHUR WEISS | ASSISTANT SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Aaron and Carolynn Frankel Foundation?
Aaron and Carolynn Frankel Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TROY, MI. It holds $35K in total assets as of 2024.
How large is Aaron and Carolynn Frankel Foundation?
As of 2024, Aaron and Carolynn Frankel Foundation holds $35K in total assets. It awarded 1 grants totaling $68K in 2024.
Where does Aaron and Carolynn Frankel Foundation operate?
Aaron and Carolynn Frankel Foundation has awarded grants in Michigan.
What size grants does Aaron and Carolynn Frankel Foundation award?
In 2024, Aaron and Carolynn Frankel Foundation awarded 1 grants totaling $68K — an average of about $68K per grant, based on its IRS Form 990 filings.
How much is Aaron and Carolynn Frankel Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Aaron and Carolynn Frankel Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Aaron and Carolynn Frankel Foundation's EIN?
Aaron and Carolynn Frankel Foundation's EIN (Employer Identification Number) is 81-5055652. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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