Frank Family Foundation Inc

MCLEAN, VA EIN: 27-4426279

Frank Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCLEAN, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7K in total assets. In 2024, it awarded 1 grants totaling $1K. Net investment income was $4.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7K

-11.5% YoY

Annual Giving

$1K

-26.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$1K

-26.6% YoY

Under IRS private-foundation payout rules, Frank Family Foundation Inc reported a distributable amount of $214 for 2024 — the minimum it must pay out in qualifying distributions.

About Frank Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

District of Columbia $6K (67%)

Florida $3K (32%)

New York $100 (1%)

States

District of Columbia Florida New York

Cities

Coconut GroveNew YorkWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$7,309	$8,256	$45,376
Revenue	$161,040	$133,117	$90,300
Expenses	$161,987	$170,237	$113,449
Qualifying Distributions	$161,987	$170,237	$113,449
Net Investment Income	$4	$7	$13
Distributable Amount	$214	$465	$859

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

6 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Ilac Foundation ($1,101).

Recipient	Purpose	Amount
ILAC FOUNDATION COCONUT GROVE, FL	CHARITABLE GIVING	$1,101

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RICHARD H FRANK JR	VICE PRESIDENT/TREASURER	2	—
PILAR FRANK O'LEARY	VICE PRESIDENT/SECRETARY	2	—
MICHAEL FRANK	PRESIDENT	2	—
RICHARD H FRANK SR	CHAIRMAN	4	—
DR IRMA M FRANK	VICE CHAIRMAN	4	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Frank Family Foundation Inc?

Frank Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MCLEAN, VA. It holds $7K in total assets as of 2024.

How large is Frank Family Foundation Inc?

As of 2024, Frank Family Foundation Inc holds $7K in total assets with $161K in annual revenue. It awarded 1 grants totaling $1K in 2024.

Where does Frank Family Foundation Inc operate?

Frank Family Foundation Inc has awarded grants in District of Columbia, Florida, New York.

What size grants does Frank Family Foundation Inc award?

In 2024, Frank Family Foundation Inc awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Frank Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank Family Foundation Inc reported a distributable amount of $214 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.