Rafranco Foundation
Rafranco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sarasota, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $894K in total assets. In 2024, it awarded 13 grants totaling $39K. Net investment income was $35K.
Key facts about Rafranco Foundation
- EIN
- 87-4476515
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $39,400
- Grants made (2024)
- 13
- Average grant
- $3,031
- Median grant
- $1,000
- New grantees (estimate)
- 38% first-time grantees (5 of 13, 2024)
- Total assets
- $894,134
- Primary geography
- Florida (62% 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 Rafranco Foundation funds
By grant dollars, the top recipient states for Rafranco Foundation's 13 itemized 2024 grants were Florida (62%), Massachusetts (25%) and Illinois (7%). The most frequent recipient cities were Sarasota, FL (7 grants) and Chicago, IL (2 grants). None of its 13 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable" (13 grants).
Is Rafranco Foundation open to new grantees?
38%
first-time grantees, 2024
In 2024, 5 of 13 grantees (38%) were first-time recipients. First grants averaged $1K; repeat grants $4K. How we count
Medians: $1K first-time, $1K repeat.
- 54% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 88% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2022–2024). 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 Rafranco Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$894K
-1.1% YoY
Annual Giving
$39K
-25.9% YoY
Grant Count
13
-23.5% YoY
Avg Grant Size
$3K
-3.1% YoY
Under IRS private-foundation payout rules, Rafranco Foundation reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Rafranco Foundation
Based on IRS filings
Rafranco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sarasota, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $894K in total assets. In 2024, it awarded 13 grants totaling $39K. Net investment income was $35K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $894,134 | $903,662 | $958,546 |
| Revenue | $36,467 | $18,665 | $990,073 |
| Expenses | $45,995 | $73,549 | $31,527 |
| Qualifying Distributions | $39,400 | $53,180 | $30,800 |
| Net Investment Income | $35,050 | $32,789 | $12,458 |
| Distributable Amount | $44,823 | $48,149 | $47,901 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Chabad of Sarasota ($16,600), Corey Griffin Foundation ($10,000), Community Foundation of Sarasota CO ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHABAD OF SARASOTA Sarasota, FL | CHARITABLE | $16,600 |
| COREY GRIFFIN FOUNDATION Framingham, MA | CHARITABLE | $10,000 |
| COMMUNITY FOUNDATION OF SARASOTA CO Sarasota, FL | CHARITABLE | $2,000 |
| LAKE SHORE DRIVE SYNAGOGUE Chicago, IL | CHARITABLE | $1,800 |
| ALL FAITHS FOOD BANK Sarasota, FL | CHARITABLE | $1,000 |
| ANTI DEFAMATION LEAGUE New York, NY | CHARITABLE | $1,000 |
| PLANNED PARENTHOOD Sarasota, FL | CHARITABLE | $1,000 |
| SARASOTA MEMORIAL HOSPITAL Sarasota, FL | CHARITABLE | $1,000 |
| MARIE SELBY BOTANICAL GARDENS Sarasota, FL | CHARITABLE | $1,000 |
| HOLOCAUST MUSEUM St Petersburg, FL | CHARITABLE | $1,000 |
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 |
|---|---|---|---|
| Richard Franco | President/Tr | 1 | — |
| Bret Franco | Vice Preside | 1 | — |
| Alexandra Franco | Vice Preside | 1 | — |
| Arlene Franco | Secretary | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rafranco Foundation?
Rafranco Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Sarasota, FL. It holds $894K in total assets as of 2024.
How large is Rafranco Foundation?
As of 2024, Rafranco Foundation holds $894K in total assets with $36K in annual revenue. It awarded 13 grants totaling $39K in 2024.
Where does Rafranco Foundation operate?
Rafranco Foundation has awarded grants in Florida, Illinois, Massachusetts, Minnesota, New York.
What size grants does Rafranco Foundation award?
In 2024, Rafranco Foundation awarded 13 grants totaling $39K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Rafranco Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rafranco Foundation reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Rafranco Foundation's EIN?
Rafranco Foundation's EIN (Employer Identification Number) is 87-4476515. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.