The Richard and Tamberly Frain Foundation
The Richard and Tamberly Frain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 5 grants totaling $116K. Net investment income was $724K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+69.0% YoY
Annual Giving
$116K
+28.9% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$23K
-22.7% YoY
Under IRS private-foundation payout rules, The Richard and Tamberly Frain Foundation reported a distributable amount of $95K for 2024 — the minimum it must pay out in qualifying distributions.
About The Richard and Tamberly Frain Foundation
Based on IRS filings
The Richard and Tamberly Frain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 5 grants totaling $116K. Net investment income was $724K.
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 | $1,227,518 | $726,378 | $1,014,595 |
| Revenue | $653,312 | $-176,354 | $-77,548 |
| Expenses | $152,172 | $111,863 | $77,064 |
| Qualifying Distributions | $123,809 | $97,619 | $62,525 |
| Net Investment Income | $724,330 | $28,412 | $41,575 |
| Distributable Amount | $95,145 | $67,708 | $56,144 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Shedd Aquarium Society ($50,000), Salvation Army & Its Components ($25,000), Chicago Police Foundation ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHICAGO POLICE FOUNDATION CHICAGO, IL | General & Unrestricted | $20,000 |
| HOPE MEDIA GROUP HUMBLE, TX | General & Unrestricted | $1,000 |
| MAYO CLINIC ROCHESTER, MN | General & Unrestricted | $20,000 |
| SALVATION ARMY & ITS COMPONENTS ALEXANDRIA, VA | General & Unrestricted | $25,000 |
| SHEDD AQUARIUM SOCIETY CHICAGO, IL | General & Unrestricted | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Tamberly Frain | Dir, Sec, Treas | 1 | — |
| Richard E Frain Jr | Pres, Dir | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Richard and Tamberly Frain Foundation?
The Richard and Tamberly Frain Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $1.2M in total assets as of 2024.
How large is The Richard and Tamberly Frain Foundation?
As of 2024, The Richard and Tamberly Frain Foundation holds $1.2M in total assets with $653K in annual revenue. It awarded 5 grants totaling $116K in 2024.
Where does The Richard and Tamberly Frain Foundation operate?
The Richard and Tamberly Frain Foundation has awarded grants in Arizona, California, Illinois, Minnesota, Oklahoma, Texas, Virginia.
What size grants does The Richard and Tamberly Frain Foundation award?
In 2024, The Richard and Tamberly Frain Foundation awarded 5 grants totaling $116K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is The Richard and Tamberly Frain Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Richard and Tamberly Frain Foundation reported a distributable amount of $95K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Richard and Tamberly Frain Foundation's EIN?
The Richard and Tamberly Frain Foundation's EIN (Employer Identification Number) is 13-4253978. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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