Lulu Frankel Foundation
Lulu Frankel Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $355K in total assets. In 2024, it awarded 2 grants totaling $30K. Net investment income was $31K.
Key facts about Lulu Frankel Foundation
In short: Lulu Frankel Foundation gave $30K across 2 grants in 2024 (avg $15K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- EIN
- 84-6034580
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $29,600
- Grants made (2024)
- 2
- Average grant
- $14,800
- Median grant
- $14,800
- Total assets
- $355,102
- Primary geography
- Wisconsin (51% 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
$355K
+0.3% YoY
Annual Giving
$30K
-29.5% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$15K
+41.0% YoY
Under IRS private-foundation payout rules, Lulu Frankel Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
How Lulu Frankel Foundation gives
- Giving fell 94% from 2021 to 2024. Method
- In 2024 it paid out 125% of its IRS minimum distribution (the 5% rule). 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
Share of 2024 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $15K (2020) to $533K (2021). In 2024 it made 2 grants totaling $30K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Camp Nebagamon ($15K). Together the top 2 received $30K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 21 grants of 22 (95%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Camp Nebagamon Lake Nebagamon, WI | General Support | $15,000 |
| Central Synagogue New York, NY | General Support | $14,600 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $355,102 | $353,890 | $401,375 |
| Revenue | $42,047 | $11,091 | $32,779 |
| Expenses | $40,835 | $53,343 | $51,304 |
| Qualifying Distributions | $29,600 | $42,000 | $41,362 |
| Net Investment Income | $31,268 | $6,751 | $20,771 |
| Distributable Amount | $23,746 | $23,355 | $24,442 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Lulu Frankel Foundation is led by Cathy Crane, President & Treasurer on every filing since 2021; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Cathy Crane
President & Treasurer
On filings since 2021
2 hrs/week
No compensation reported
Peggy Crane-Epand
Member
President & Treasurer → Member, 2021
On filings since 2020
1 hr/week
No compensation reported
Former officers (3)
- Former: Beth S. Weisberg (2020) — Vice President & Secretary
- Former: Eugene Weisberg (2020) — Member
- Former: Henry Crane (2020) — Member
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 Lulu Frankel Foundation
How much does Lulu Frankel Foundation give each year?
Lulu Frankel Foundation gave $30K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $42K across 4 grants.
How large is Lulu Frankel Foundation?
Lulu Frankel Foundation reported $355K in total assets on its 2024 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
Where does Lulu Frankel Foundation operate?
Lulu Frankel Foundation has awarded grants in Colorado, Massachusetts, Minnesota, New York, Pennsylvania, Texas, Wisconsin.
What is Lulu Frankel Foundation's EIN?
Lulu Frankel Foundation's EIN (Employer Identification Number) is 84-6034580. 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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