The Bud Frankel Family Foundation
The Bud Frankel Family Foundation is a private foundation based in New York, NY. Its 2023 filing is marked as the organization’s final return, indicating that it appears to have wound down or stopped grantmaking.
Key facts about The Bud Frankel Family Foundation
In short: The Bud Frankel Family Foundation gave $1.2M across 17 grants in 2023 (avg $72K), mostly in New York. 45% of 2023 grantees were new. Source: 2023 IRS Form 990-PF.
- EIN
- 26-6232499
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $1,227,000
- Grants made (2023)
- 17
- Average grant
- $72,176
- Median grant
- $100,000
- New grantees (estimate)
- 45% first-time grantees (5 of 11, 2023)
- Primary geography
- New York (100% of itemized 2023 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation’s filing says it does not accept unsolicited requests for funds and contributes only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2023; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$1.2M
+1439.5% YoY
Grant Count
17
+112.5% YoY
Avg Grant Size
$72K
+624.5% YoY
Is The Bud Frankel Family Foundation open to new grantees?
45%
first-time grantees, 2023
In 2023, 5 of 11 grantees (45%) were first-time recipients. First grants averaged $98K; repeat grants $123K. How we count
Medians: $100K first-time, $133K repeat.
- 55% of 2023 grantees were also funded in 2022. Method
- Giving grew 1498% from 2020 to 2023. Method
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The available grant records show support for charitable organizations, including organizations serving children and youth in New York.
Among its 2023 grantees, the Fresh Air Fund describes its work as providing New York City children from low-income families with cultural, recreational, and educational experiences through camps, volunteer host families, and year-round academic programs. Harlem Educational Activities Fund describes its work as tuition-free academic enrichment and career-readiness programming for youth from under-resourced New York City communities. Harlem Academy says it works to advance opportunity for promising children and help them thrive academically.
Grantmaking
In 2023, the foundation made 17 grants totaling $1,227,000. Grant amounts ranged from $7,500 to $175,000, with a median of $100,000. Notable grants included $175,000 to Donors Choose; $150,000 each to Advocates for Children of NY, CAMBA - Ready Readers, and Scholarship Fund; and $100,000 each to Free Arts, Fresh Air Fund, Harlem Academy, Harlem Educational Activities Fund, and Olivers Scholars.
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Geographic Focus
Where this funder awards grants
All grant dollars in 2023 went to recipients in New York State.
Grant Distribution by State
Share of 2023 grant dollars across all 17 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $77K (2019) to $1.2M (2023). In 2023 it made 17 grants totaling $1.2M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2023
The largest 2023 recipient was Donors Choose ($202K across 2 grants). Together the top 10 received $1.2M.
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 38 grants of 47 (81%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Donors Choose New York, NY | Charitable | $175,000 |
| Advocates for Children of NY New York, NY | Charitable | $150,000 |
| Camba - Ready Readers Brooklyn, NY | Charitable | $150,000 |
| Scholarship Fund New York, NY | Charitable | $150,000 |
| Free Arts New York, NY | Charitable | $100,000 |
| Fresh Air Fund New York, NY | Charitable | $100,000 |
| Harlem Academy New York, NY | Charitable | $100,000 |
| Harlem Educational Activities Fund New York, NY | Charitable | $100,000 |
| Olivers Scholars New York, NY | Charitable | $100,000 |
| PW Library - Creative Readers Port Washington, NY | Charitable | $30,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2023 | — | -$331,737 | $1,234,010 | $1,227,000 |
| 2022 | $1,565,747 | $73,051 | $82,933 | $79,700 |
| 2021 | $1,657,913 | $80,707 | $83,867 | $80,220 |
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $1,565,747 | $1,659,606 |
| Revenue | $-331,737 | $73,051 | $82,400 |
| Expenses | $1,234,010 | $82,933 | $83,867 |
| Qualifying Distributions | $1,227,000 | $79,700 | $80,220 |
| Net Investment Income | $45,792 | $73,763 | $79,998 |
| Distributable Amount | — | — | $1,769 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 1, 2020)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 9, 2022)
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Leadership team and compensation from IRS filings
The 2023 filing lists Marsha Anne Caparelli, Joanne Kelvin, Barbara Mazzei, David Frankel, and Sean Frankel as co-trustees.
The Bud Frankel Family Foundation's 2023 filing lists 5 officers; none of the 5 officers listed in 2023 report compensation.
Officers on the 2023 filing
Barbara Mazzei
Co-Trustee
On filings since 2019
1 hr/week
No compensation reported
David Frankel
Co-Trustee
On filings since 2019
1 hr/week
No compensation reported
Joanne Kelvin
Co-Trustee
On filings since 2019
1 hr/week
No compensation reported
Marsha Anne Caparelli
Co-Trustee
On filings since 2019
1 hr/week
No compensation reported
Sean Frankel
Co-Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 535 East 86Th Street 8H, New York, NY 10028
Phone: (212) 249-2375
Frequently asked questions about The Bud Frankel Family Foundation
How much does The Bud Frankel Family Foundation give each year?
The Bud Frankel Family Foundation gave $1.2M across 17 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $80K across 8 grants.
What is The Bud Frankel Family Foundation's typical grant size?
The Bud Frankel Family Foundation's median grant in 2023 was $100,000, and its average grant was $72,176, across 17 grants on its 2023 IRS Form 990-PF. Organizations receiving their first grant from The Bud Frankel Family Foundation that year got $98K on average.
Where does The Bud Frankel Family Foundation give grants?
The Bud Frankel Family Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (15 grants).
Does The Bud Frankel Family Foundation give general operating support?
Not in 2023: none of the 17 grants with a stated purpose on The Bud Frankel Family Foundation's 2023 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (17 grants).
Who are The Bud Frankel Family Foundation's largest grantees?
The Bud Frankel Family Foundation's largest 2023 grantees include Donors Choose ($202,000 across 2 grants), Advocates for Children of NY ($157,500 across 2 grants) and Camba - Ready Readers ($157,500 across 2 grants), according to its 2023 IRS Form 990-PF. Together they received 42% of its itemized 2023 grant dollars.
What does The Bud Frankel Family Foundation fund?
The available grant records show support for charitable organizations, including organizations serving children and youth in New York. See mission & focus areas ↑
How do I apply for a grant from The Bud Frankel Family Foundation?
The foundation’s filing says it does not accept unsolicited requests for funds and contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Bud Frankel Family Foundation's EIN?
The Bud Frankel Family Foundation's EIN (Employer Identification Number) is 26-6232499. IRS Form 990 filing data is available on this page for 2019–2023.
Does The Bud Frankel Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching The Bud Frankel Family Foundation by hand.
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