Herman and Sharon Frankel Foundation

Private foundation · Grantmaker Long Boat Key, FL EIN: 38-3149105

Herman and Sharon Frankel Foundation is a private foundation, based in Long Boat Key, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $239K in total assets. In 2024, it awarded 2 grants totaling $8K.

Key facts about Herman and Sharon Frankel Foundation

In short: Herman and Sharon Frankel Foundation gave $8K across 2 grants in 2024 (avg $4K), mostly in Michigan. Source: 2024 IRS Form 990-PF.

EIN
38-3149105
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$8,400
Grants made (2024)
2
Average grant
$4,200
Median grant
$4,200
Total assets
$238,538
Primary geography
Michigan (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$239K

-3.4% YoY

Annual Giving

$8K

+23.5% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$4K

-38.2% YoY

Under IRS private-foundation payout rules, Herman and Sharon Frankel Foundation reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.

How Herman and Sharon Frankel Foundation gives

  • Giving grew 158% from 2021 to 2024. Method
  • In 2024 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

DetroitWest BloomfieldRochesterVenice

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K$200K4 grants2020 1 grant2021 3 grants2022 1 grant2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $3K (2021) to $153K (2020). In 2024 it made 2 grants totaling $8K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Henry Ford Health System: $5KHenry Ford Health System$5KTemple Israel: $3KTemple Israel$3K

The largest 2024 recipient was Henry Ford Health System ($5K). Together the top 2 received $8K.

Grant Size Distribution

11 grants across all recorded years

10<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 10 grants of 11 (91%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Henry Ford Health System Detroit, MITo Support the Community$5,000
Temple Israel West Bloomfield, MITo Support the Community$3,400

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$238,538$246,938$141,515
Revenue—$115,073$69,681
Expenses$8,400$9,650$50,039
Qualifying Distributions$8,400$6,800$50,000
Net Investment Income—$112,223$69,642
Distributable Amount$11,969$9,413$12,966

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 8, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 14, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS November 18, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS March 20, 2026)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Herman and Sharon Frankel Foundation is led by Herman Frankel, Trustee on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Herman Frankel

    Trustee

    On filings since 2020

    1 hr/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 Herman and Sharon Frankel Foundation

How much does Herman and Sharon Frankel Foundation give each year?

Herman and Sharon Frankel Foundation gave $8K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $7K across 1 grant.

How large is Herman and Sharon Frankel Foundation?

Herman and Sharon Frankel Foundation reported $239K in total assets on its 2024 IRS Form 990-PF. It paid out $8K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Herman and Sharon Frankel Foundation operate?

Herman and Sharon Frankel Foundation has awarded grants in Florida, Michigan, New York.

What is Herman and Sharon Frankel Foundation's EIN?

Herman and Sharon Frankel Foundation's EIN (Employer Identification Number) is 38-3149105. 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.

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