The Raymond Frankel Foundation

CHICAGO, IL EIN: 13-3187074

The Raymond Frankel Foundation is a private family foundation based in Chicago, Illinois. Established in 1988 in New York and funded in 1989, the foundation operates as a 501(c)(3) organization with a focus on strategic philanthropic giving across multiple sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$48.1M

-2.8% YoY

Annual Giving

$3.0M

-16.0% YoY

Grant Count

+19.6% YoY

Avg Grant Size

$55K

-29.8% YoY

Under IRS private-foundation payout rules, The Raymond Frankel Foundation reported a distributable amount of $3.1M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's primary giving areas include:

Education
The environment
Jewish organizations

Grantmaking

The foundation made 50 grants in 2024, including:

Grant Range

$500 to $1,088,972

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Geographic Focus

Where this funder awards grants

The foundation's grantmaking is concentrated primarily in New York, Maryland, and California, with notable support for Israeli organizations and communities.

Grant Distribution by State

Massachusetts $6.8M (47%)

New York $2.5M (17%)

District of Columbia $1.9M (13%)

Georgia $730K (5%)

California $730K (5%)

Washington $476K (3%)

Florida $365K (3%)

Maryland $364K (3%)

+10 more states

States

California District of Columbia Delaware Florida Georgia Illinois Massachusetts Maryland North Carolina New Jersey New Mexico New York Oklahoma Pennsylvania South Carolina Utah Virginia Washington

Cities

AnnapolisArlingtonAshevilleAtlantaAventuraBaltimoreBeverly HillsBlacksburgBoca RatonBostonBremertonBrooklynCambridgeCedarhurstChicagoColumbiaDentonEastonElonFort Sill

Financial History

Multi-year comparison from IRS filings

As of 2024:

Total assets: $48,113,886
Total revenues: $2,529,895
Total expenses: $3,925,981
Total giving: $3,014,245

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$48,113,886	$49,518,045	$53,749,074
Revenue	$2,529,895	$275,803	$8,001,501
Expenses	$3,925,981	$4,512,912	$4,306,222
Qualifying Distributions	$3,245,303	$3,849,249	$3,668,902
Net Investment Income	$1,853,308	$533,345	$1,174,292
Distributable Amount	$3,145,479	$2,909,387	$2,928,288

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

246 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Crown Center Brandeis University ($1,000,000), American Academy of Arts and Science ($556,890), Pef Israel Endowment Fund ($355,000).

Recipient	Purpose	Amount
ALLIANCE FOR GUN RESPONSIBILITY SEATTLE, WA	TO REDUCE GUN VIOLENCE	$2,500
AMERICA GIVES NEW YORK, NY	TO ASSIST WITH HUMANITARIAN EFFORTS	$75,000
AMERICAN ACADEMY OF ARTS AND SCIENCE CAMBRIDGE, MA	TO CREATE DIALOGUE BETWEEN NUCLEAR PLAYERS	$556,890
AMERICAN FRIENDS OF MIGDAL OHR NEW YORK, NY	TO SUPPORT AT-RISK YOUTH	$50,000
AMERICAN FRIENDS OF THE ASSOCIATION FOR THE ADVANCEMENT OF COMMUNITY CENTER STATEN ISLAND, NY	TO BUILD AND DEVELOP ISRAEL COMMUNITIES	$80,000
AMERICAN FRIENDS TEL AVIV UNIV LOS ANGELES, CA	ADVANCEMENT OF EDUCATION	$70,000
AMERICANS FOR BEN-GURION UNIVERSITY NEW YORK, NY	TO PROMOTE EDUCATION	$30,000
AVALON FOUNDATION EASTON, MD	FOR THE EDUCATION & ADVANCEMENT OF THE ARTS	$2,500
BELEV ECHAD NEW YORK, NY	TO BUILD A COMMUNITY OF KINDNESS AROUND WOUNDED VETERANS OF THE IDF	$2,500
BERKELEY HALL SCHOOL LOS ANGELES, CA	TO EMPOWER CHILDREN	$2,500

Leadership & Key People

Leadership team and compensation from IRS filings

Belinda Frankel – President
Allan Myer – Secretary

The foundation operates with 2 employees.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BELINDA FRANKEL	PRESIDENT	30	$120,000
JON YOUNGER	TREASURER	4	—
ALLAN MYER	SECRETARY	30	$150,000
DR JONATHAN GERSHONI	DIRECTOR	4	—

Frequently Asked Questions

What does The Raymond Frankel Foundation fund?

The foundation's primary giving areas include: • Education • The environment • Jewish organizations

How do I apply for a grant from The Raymond Frankel Foundation?

**Financial Capacity:** • Total assets: $48,113,886 • Total annual giving: $3,014,245 • Typical grant range: $500 to $1,088,972 **Recent Grant Activity:** The foundation made 50 grants in 2024, including: • American Academy of Arts and Sciences: $556,890 (To Create Dialogue Between Nuclear Players) • PEF Israel Endowment Funds: $355,000 (Combat Anti-Semitism) • Community Centers in Israel: $80,000 (To Build and Develop Israel Communities)

Where does The Raymond Frankel Foundation make grants?

The foundation's grantmaking is concentrated primarily in New York, Maryland, and California, with notable support for Israeli organizations and communities.

What size grants does The Raymond Frankel Foundation award?

In 2024, The Raymond Frankel Foundation awarded 55 grants totaling $3.0M — an average of about $55K per grant, based on its IRS Form 990 filings.

How much is The Raymond Frankel Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Raymond Frankel Foundation reported a distributable amount of $3.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Raymond Frankel Foundation's EIN?

The Raymond Frankel Foundation's EIN (Employer Identification Number) is 13-3187074. IRS Form 990 filing data is available on this page for 2020–2024.