Frank Family Foundation
The J S Frank Foundation is a private foundation established in 1974, based in Deerfield, Illinois. It operates as a 501(c)(3) grantmaking foundation with significant assets and an active grant portfolio focused on education, philanthropy, and human services.
Key facts about Frank Family Foundation
- EIN
- 23-7376410
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $34,916,326
- Grants made (2024)
- 88
- Average grant
- $396,776
- Median grant
- $25,000
- New grantees (estimate)
- 40% first-time grantees (35 of 88, 2024)
- Total assets
- $117,881,839
- Primary geography
- Illinois (85% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Frank Family Foundation funds
By grant dollars, the top recipient states for Frank Family Foundation's 88 itemized 2024 grants were Illinois (85%) and 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). 100% of grants with a stated purpose were for general or operating support.
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 IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Frank Family Foundation
- How to evaluate Frank Family Foundation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Frank Family Foundation with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$117.9M
-20.2% YoY
Annual Giving
$34.9M
+281.6% YoY
Grant Count
88
+31.3% YoY
Avg Grant Size
$397K
+190.5% YoY
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.
Mission & Focus Areas
The foundation does not have a publicly stated mission statement on file. However, its grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made 55 additional grants totaling $24,267,143 in 2024.
Grant Range
$250–$13,565,000
Ready to take the next step with Frank Family Foundation?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on:
- Illinois
- New York
- California
Grant Distribution by State
Share of all 88 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total assets: $117,881,839
- Total giving: $34,916,326
- Total revenues: $5,252,988
- Total expenses: $35,104,853
- Investment income and dividends: $4,658,746
Staffing:
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $117,881,839 | $147,733,704 | $142,981,427 |
| Revenue | $5,252,988 | $14,003,341 | $820,868 |
| Expenses | $35,104,853 | $9,251,064 | $11,641,286 |
| Qualifying Distributions | $34,924,874 | $9,158,986 | $11,608,852 |
| Net Investment Income | $5,194,009 | $4,956,263 | $1,582,842 |
| Distributable Amount | $6,927,392 | $7,047,554 | $7,336,599 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
341 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Intrinsic Schools ($13,565,000), Time Line Theater ($4,100,000), Build ($4,050,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| James S Frank | President | 5 | — |
| Karen Frank | Secretary | 5 | — |
| Daniel Z Frank | Director | — | — |
| Jordan Frank | Director | — | — |
| Jennifer Rofe | Director | — | — |
Contact Information
Address: c/o MSCO, 9 Parkway North, Suite 30 Deerfield, IL 60015
EIN: 23-7376410
Frequently Asked Questions
What does Frank Family Foundation fund?
The foundation does not have a publicly stated mission statement on file. However, its grantmaking priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Frank Family Foundation?
**Grant Activity:** • Total giving in 2024: $34,916,326 • Number of grants made in 2024: 63 grants • Typical grant range: $250–$13,565,000 **Recent Notable Grants (2024):** • Intrinsic Schools: $13,565,000 • Build: $4,050,000 • The University of Chicago: $1,525,000 The foundation made 55 additional grants totaling $24,267,143 in 2024.
Where does Frank Family Foundation make grants?
The foundation's grantmaking focuses primarily on: • Illinois • New York • California
What size grants does Frank Family Foundation award?
In 2024, Frank Family Foundation awarded 88 grants totaling $34.9M — an average of about $397K per grant, based on its IRS Form 990 filings.
How much is Frank Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Frank Family Foundation reported a distributable amount of $6.9M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Frank Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Chicago Community Trust
Chicago, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Jewish Federation of Metropolitan
Chicago, IL
Assets
$1.1B
Grants
839
Total Given
$176.8M
Robert R McCormick Foundation
Chicago, IL
Assets
$1.8B
Grants
255
Total Given
$106.1M
Arie and Ida Crown Memorial
Chicago, IL
Assets
—
Grants
897
Total Given
$115.2M
Arthur J Gallagher Foundation
Rolling Meadows, IL
Assets
—
Grants
2,692
Total Given
$1.6M
The Allstate Foundation
Northbrook, IL
Assets
—
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
Chicago, IL
Assets
$885.0M
Grants
1,485
Total Given
$31.9M
Baxter International Foundation
Deerfield, IL
Assets
$67.5M
Grants
1,300
Total Given
$13.7M
John D and Catherine T Macarthur
Chicago, IL
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
Circle of Service Foundation
Chicago, IL
Assets
—
Grants
637
Total Given
$37.0M
Polk Bros Foundation Inc
Chicago, IL
Assets
—
Grants
568
Total Given
$19.3M
Jpmorgan Chase Foundation
New York, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
More Funders in Illinois
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.