Frank Family Foundation
Frank Family Foundation is a private foundation based in Deerfield, Illinois. In 2024, it made grants to organizations including schools, youth-serving nonprofits, colleges, and civic and community organizations.
Frank Family Foundation at a glance
In short: Frank Family Foundation gave $34.9M across 88 grants in 2024 (avg $397K), mostly in Illinois. 40% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $34,916,326
- +281.6% vs 2023
- Grants made (2024)
- 88
- +31.3% vs 2023
- Average grant
- $396,776
- +190.5% vs 2023
- Median grant
- $25,000
- Total assets
- $117,881,839
- -20.2% vs 2023
- New grantees (estimate)
- 40% first-time grantees (35 of 88, 2024)
- Primary geography
- Illinois (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Frank Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: Co Msco 9 Parkway North Suite 30, Deerfield, IL 60015
Phone: (847) 982-0333
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Frank Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Intrinsic Schools ($13.6M). Together the top 10 received $31.6M.
Grant Size Distribution
341 grants across all recorded years
The most common grant size was under $50K: 227 grants of 341 (67%).
Geographic Focus
Where this funder awards grants
In 2024, 85% of grant dollars went to recipients in Illinois and 14% to recipients in New Hampshire. New York accounted for 1%; California and Maryland each accounted for 0%.
Grant Distribution by State
Share of 2024 grant dollars across all 88 itemized grants.
States
Cities
Is Frank Family Foundation open to new grantees?
40%
first-time grantees, 2024
In 2024, 35 of 88 grantees (40%) were first-time recipients. First grants averaged $217K; repeat grants $515K. How we count
Medians: $25K first-time, $25K repeat.
- 49% of 2024 grantees were also funded in 2023. Method
- Giving grew 358% from 2021 to 2024. Method
- In 2024 it paid out 504% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6.0M (2020) to $34.9M (2024). In 2024 it made 88 grants totaling $34.9M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Intrinsic Schools Deerfield, IL | General Fund Raising | $13,565,000 |
| Time Line Theater Chicago, IL | General Fund Raising | $4,100,000 |
| Build Deerfield, IL | General Fund Raising | $4,050,000 |
| Dartmouth College Hanover, NH | General Fund Raising | $3,702,783 |
| University of Chicago Chicago, IL | General Fund Raising | $1,525,000 |
| Evans Scholars Foundation Glenview, IL | General Fund Raising | $1,074,000 |
| Trustees of Dartmouth College Hanover, NH | General Fund Raising | $1,053,600 |
| A Better Chicago Chicago, IL | General Fund Raising | $1,024,000 |
| University of Chicago MBSD Development Chicago, IL | General Fund Raising | $825,000 |
| Illinois Network of Charter Schools Chicago, IL | General Fund Raising | $700,000 |
Ready to take the next step with Frank Family Foundation?
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 | $117,881,839 | $5,252,988 | $35,104,853 | $34,916,326 | 88 | $34,924,874 | $5,194,009 | $6,927,392 |
| 2023 | $147,733,704 | $14,003,341 | $9,251,064 | $9,150,770 | 67 | $9,158,986 | $4,956,263 | $7,047,554 |
| 2022 | $142,981,427 | $820,868 | $11,641,286 | $11,608,852 | 63 | $11,608,852 | $1,582,842 | $7,336,599 |
| 2021 | $153,801,845 | $160,000,210 | $7,628,537 | $7,628,135 | 60 | $7,628,135 | $210 | $436,239 |
| 2020 | $1,430,172 | $7,250,104 | $6,024,154 | $6,023,855 | 63 | — | — | $53,510 |
Under IRS private-foundation payout rules, Frank Family Foundation reported a distributable amount of $6.9M for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grantees describe work in areas including education, youth development, violence prevention, scholarships, poverty reduction, public education, and community services. For example, Intrinsic Schools says its mission is to prepare students for postsecondary success and provide a model for sustainable implementation. BUILD says it works to help youth facing systemic obstacles achieve positive futures, while the Evans Scholars Foundation says it provides scholarships and educational opportunities for caddies.
Grantmaking
In filing year 2024, the foundation reported 88 grants totaling $34,916,326. Grants ranged from $500 to $13,565,000, with a median grant of $25,000.
Among its largest 2024 grants were $13,565,000 to Intrinsic Schools, $4,100,000 to Time Line Theater, $4,050,000 to BUILD, $3,702,783 to Dartmouth College, and $1,525,000 to the University of Chicago. Other listed grants included $1,074,000 to Evans Scholars Foundation, $1,024,000 to A Better Chicago, $700,000 to Illinois Network of Charter Schools, and $350,000 to Jewish United Fund.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists James S. Frank as president, Karen Frank as secretary, and Daniel Z. Frank, Jordan Frank, and Jennifer Rofe as directors.
Frank Family Foundation is led by James S. Frank, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
James S. Frank
President
On filings since 2020
5 hrs/week
No compensation reported
Daniel Z. Frank
Director
On filings since 2022
No compensation reported
Jennifer Rofe
Director
New on the 2024 filing
No compensation reported
Jordan Frank
Director
New on the 2024 filing
No compensation reported
Karen Frank
Secretary
On filings since 2020
5 hrs/week
No compensation reported
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.
Frequently asked questions about Frank Family Foundation
How much does Frank Family Foundation give each year?
Frank Family Foundation gave $34.9M across 88 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $9.2M across 67 grants.
What is Frank Family Foundation's typical grant size?
Frank Family Foundation's median grant in 2024 was $25,000, and its average grant was $396,776, across 88 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Frank Family Foundation that year got $217K on average.
Where does Frank Family Foundation give grants?
Frank Family Foundation gives mostly in Illinois: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New Hampshire (14%). The most frequent recipient cities were Deerfield, IL (30 grants), Chicago, IL (27 grants), New York, NY (7 grants) and Evanston, IL (3 grants).
Does Frank Family Foundation give general operating support?
Yes: 100% of Frank Family Foundation's 2024 grants with a stated purpose (88 of 88) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Frank Family Foundation's largest grantees?
Frank Family Foundation's largest 2024 grantees include Intrinsic Schools ($13,565,000), Time Line Theater ($4,100,000) and Build ($4,050,000), according to its 2024 IRS Form 990-PF. Together they received 62% of its itemized 2024 grant dollars.
How large is Frank Family Foundation?
Frank Family Foundation reported $117.9M in total assets on its 2024 IRS Form 990-PF. It paid out $34.9M in qualifying distributions that year, against a required minimum of $6.9M (roughly 5% of its investment assets).
What does Frank Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grantees describe work in areas including education, youth development, violence prevention, scholarships, poverty reduction, public education, and community services. See mission & focus areas ↑
How do I apply for a grant from Frank Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Frank Family Foundation's EIN?
Frank Family Foundation's EIN (Employer Identification Number) is 23-7376410. IRS Form 990 filing data is available on this page for 2020–2024.
Does Frank Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). Frank Family Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/frank-family-foundation-morg_7974480d35fd4c05a931130ea6f1adc2
BibTeX
@misc{grantable_237376410_2026,
author = {{Grantable}},
title = {{Frank Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/frank-family-foundation-morg_7974480d35fd4c05a931130ea6f1adc2},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Frank Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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