Richard Frank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 7 grants totaling $3.0M. Net investment income was $2.4M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
-27.4% YoY
Annual Giving
$3.0M
+306.9% YoY
Grant Count
7
-41.7% YoY
Avg Grant Size
$429K
+597.6% YoY
Under IRS private-foundation payout rules, Richard Frank Foundation reported a distributable amount of $532K for 2024 — the minimum it must pay out in qualifying distributions.
About Richard Frank Foundation
Based on IRS filings
Richard Frank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 7 grants totaling $3.0M. Net investment income was $2.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,324,270 | $3,202,769 | $2,914,301 |
| Revenue | $2,447,643 | $1,083,390 | $1,909,361 |
| Expenses | $3,350,767 | $794,776 | $1,391,189 |
| Qualifying Distributions | $3,012,062 | $738,484 | $1,262,465 |
| Net Investment Income | $2,400,255 | $989,591 | $1,892,637 |
| Distributable Amount | $531,851 | $510,823 | $541,666 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Illinois Foundation ($2,500,000), Napa Valley Festival Association ($250,000), American Film Institute ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Napa Valley Festival Association Walnut Creek, CA | General | $250,000 |
| American Film Institute Los Angeles, CA | General | $200,000 |
| Boys and Girls Clubs of St Helena and Calistoga St Helena, CA | General | $10,000 |
| University of Illinois Foundation Urbana, IL | General | $2,500,000 |
| Temple Beth Hillel RICHMOND, CA | General | $10,000 |
| Cameo Cinema Foundation Helena, CA | General | $10,000 |
| Womens Guild Cedars Sinai Medicial Center Beverly Hills, NY | General | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD FRANK | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Richard Frank Foundation?
Richard Frank Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBANY, NY. It holds $2.3M in total assets as of 2024.
How large is Richard Frank Foundation?
As of 2024, Richard Frank Foundation holds $2.3M in total assets with $2.4M in annual revenue. It awarded 7 grants totaling $3.0M in 2024.
Where does Richard Frank Foundation operate?
Richard Frank Foundation has awarded grants in California, Illinois, Nevada, New York.
What size grants does Richard Frank Foundation award?
In 2024, Richard Frank Foundation awarded 7 grants totaling $3.0M — an average of about $429K per grant, based on its IRS Form 990 filings.
How much is Richard Frank Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard Frank Foundation reported a distributable amount of $532K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Richard Frank Foundation's EIN?
Richard Frank Foundation's EIN (Employer Identification Number) is 95-4776084. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Richard Frank Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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