The Raymond Frankel Foundation
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
55
+19.6% YoY
Avg Grant Size
$55K
-29.8% YoY
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
States
Cities
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
| 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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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