Frank Family Foundation Inc
Frank Family Foundation Inc is a private foundation, 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 grant totaling $1K. Net investment income was $4.
Frank Family Foundation Inc at a glance
In short: Frank Family Foundation Inc gave $1K across 1 grant in 2024 (avg $1K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,101
- -26.6% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $1,101
- -26.6% vs 2023
- Median grant
- $1,101
- Total assets
- $7,309
- -11.5% vs 2023
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Frank Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Ilac Foundation ($1K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Frank Family Foundation Inc gives
- Giving grew 120% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $125 (2020) to $5K (2022). In 2024 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ilac Foundation Coconut Grove, FL | Charitable Giving | $1,101 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,309 | $161,040 | $161,987 | $1,101 | 1 | $161,987 | $4 | $214 |
| 2023 | $8,256 | $133,117 | $170,237 | $1,500 | 1 | $170,237 | $7 | $465 |
| 2022 | $45,376 | $90,300 | $113,449 | $5,000 | 1 | $113,449 | $13 | $859 |
| 2021 | $68,525 | $93,972 | $95,655 | $500 | 1 | $95,655 | $9 | $816 |
| 2020 | $70,208 | $90,851 | $94,163 | $125 | 2 | — | $13 | $1,747 |
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.
Leadership & Key People
Officers and directors from IRS filings
Frank Family Foundation Inc is led by Michael Frank, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Frank
President
On filings since 2020
2 hrs/week
$8K (2020) → $0 (2024)
Richard H. Frank Sr.
Chairman
On filings since 2020
4 hrs/week
No compensation reported
Irma M. Frank
Vice Chairman
On filings since 2020
4 hrs/week
$3K (2023) → $0 (2024)
Pilar Frank O'Leary
Vice President & Secretary
On filings since 2020
2 hrs/week
$500 (2020) → $0 (2024)
Richard H. Frank Jr.
Vice President & Treasurer
On filings since 2020
2 hrs/week
$15K (2020) → $0 (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $3K, to Dr Irma M Frank (Vice Chairman).
Frequently asked questions about Frank Family Foundation Inc
How much does Frank Family Foundation Inc give each year?
Frank Family Foundation Inc gave $1K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 1 grant.
How large is Frank Family Foundation Inc?
Frank Family Foundation Inc reported $7K in total assets on its 2024 IRS Form 990-PF. It paid out $162K in qualifying distributions that year, against a required minimum of $214 (roughly 5% of its investment assets).
Where does Frank Family Foundation Inc operate?
Frank Family Foundation Inc has awarded grants in District of Columbia, Florida, New York.
What is Frank Family Foundation Inc's EIN?
Frank Family Foundation Inc's EIN (Employer Identification Number) is 27-4426279. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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