Richard Frank Foundation

Foundation · Grantmaker ALBANY, NY EIN: 95-4776084

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.

Key facts about Richard Frank Foundation

EIN: 95-4776084
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $3,005,000
Grants made (2024): 7
Average grant: $429,286
Median grant: $25,000
Total assets: $2,324,270
Primary geography: Illinois (83% of itemized 2024 grant dollars)

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

Who Richard Frank Foundation funds

By grant dollars, the top recipient states for Richard Frank Foundation's 7 itemized 2024 grants were Illinois (83%) and California (16%). 100% of grants with a stated purpose were for general or operating support.

How Richard Frank Foundation gives

Giving grew 47% from 2021 to 2024. Method
In 2024 it paid out 566% of its IRS minimum distribution (the 5% rule). Method

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

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

-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

Focus Areas

Philanthropy, Voluntarism & Grantmaking

Your AI grants department

Ready to take the next step with Richard Frank Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

Illinois $2.5M (83%)

California $480K (16%)

New York $25K (1%)

Share of all 7 itemized 2024 grant dollars.

States

California Illinois Nevada New York

Cities

Saint HelenaNapaLos AngelesUrbanaWalnut CreekBeverly HillsHelenaLas VegasNew YorkPebble BeachRichmondSalinasValley Village

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

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 recipients include University of Illinois Foundation ($2,500,000), Napa Valley Festival Association ($250,000), American Film Institute ($200,000).

Recipient	Purpose	Amount
University of Illinois Foundation Urbana, IL	General	$2,500,000
Napa Valley Festival Association Walnut Creek, CA	General	$250,000
American Film Institute Los Angeles, CA	General	$200,000
Womens Guild Cedars Sinai Medicial Center Beverly Hills, NY	General	$25,000
Boys and Girls Clubs of St Helena and Calistoga St Helena, CA	General	$10,000
Temple Beth Hillel RICHMOND, CA	General	$10,000
Cameo Cinema Foundation Helena, CA	General	$10,000

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 Frank	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

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.