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.
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
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on:
- Illinois
- New York
- California
Grant Distribution by State
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 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Intrinsic Schools ($13,565,000), Build ($4,050,000), Dartmouth College ($3,702,783).
| Recipient | Purpose | Amount |
|---|---|---|
| A BETTER CHICAGO CHICAGO, IL | GENERAL FUND RAISING | $1,024,000 |
| ADVANCE ILLINOIS DEERFIELD, IL | GENERAL FUND RAISING | $75,000 |
| AMERICAN JEWISH COMMITTEE DEERFIELD, IL | GENERAL FUND RAISING | $18,000 |
| AMERICARES STAMFORD, CT | GENERAL FUND RAISING | $10,000 |
| ANDERSON RANCH ARTS CENTER SNOWMASS VILLAGE, CO | GENERAL FUND RAISING | $25,000 |
| ART INSTITUTE CHICAGO, IL | GENERAL FUND RAISING | $50,000 |
| ASPEN INSTITUTE DEERFIELD, IL | GENERAL FUND RAISING | $25,000 |
| ASPEN MUSIC FESTIVAL DEERFIELD, IL | GENERAL FUND RAISING | $5,000 |
| ASPEN PUBLIC RADIO DEERFIELD, IL | GENERAL FUND RAISING | $500 |
| ASPEN VALLEY HOSPITAL FOUNDATION DEERFIELD, IL | GENERAL FUND RAISING | $75,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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