The Richard and Tamberly Frain Foundation
The Richard and Tamberly Frain Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 5 grants totaling $54K. Net investment income was $504K.
The Richard and Tamberly Frain Foundation at a glance
In short: The Richard and Tamberly Frain Foundation gave $54K across 5 grants in 2025 (avg $11K), top state Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $53,500
- -53.9% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $10,700
- -53.9% vs 2024
- Median grant
- $10,000
- Total assets
- $1,624,052
- +32.3% vs 2024
- Primary geography
- Illinois (37% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Richard and Tamberly Frain Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Chicago Police Foundation ($20K). Together the top 5 received $54K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 17 grants of 19 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Richard and Tamberly Frain Foundation gives
- Giving held roughly steady from 2022 to 2025 (−3%). Method
- In 2025 it paid out 53% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $15K (2020) to $116K (2024). In 2025 it made 5 grants totaling $54K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Police Foundation Chicago, IL | General & Unrestricted | $20,000 |
| Mayo Clinic Rochester, MN | General & Unrestricted | $20,000 |
| Royal Dames of Cancer Research Inc Ft Lauderdale, FL | General & Unrestricted | $10,000 |
| St Coletta of Wisconsin Jefferson, WI | General & Unrestricted | $2,500 |
| Hope Media Group Humble, TX | General & Unrestricted | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,624,052 | $494,255 | $97,721 | $53,500 | 5 | $61,503 | $503,820 | $115,586 |
| 2024 | $1,227,518 | $653,312 | $152,172 | $116,000 | 5 | $123,809 | $724,330 | $95,145 |
| 2023 | $726,378 | $-176,354 | $111,863 | $90,000 | 3 | $97,619 | $28,412 | $67,708 |
| 2022 | $1,014,595 | $-77,548 | $77,064 | $55,000 | 3 | $62,525 | $41,575 | $56,144 |
| 2021 | $1,169,207 | $963,384 | $51,490 | $30,000 | 3 | $38,320 | $56,281 | $69,236 |
| 2020 | $257,313 | $25,655 | $27,941 | $15,000 | 2 | — | $20,239 | $26,110 |
| 2019 | $259,599 | $-7,548 | $36,743 | $25,000 | 1 | — | $236 | $20,514 |
Under IRS private-foundation payout rules, The Richard and Tamberly Frain Foundation reported a distributable amount of $116K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Richard and Tamberly Frain Foundation is led by Richard E Frain Jr., President & Director since 2022 (on filings since 2019); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard E Frain Jr.
President & Director
President, Director & Secretary → President, Director & Sec*, 2021
President, Director & Sec* → President & Director, 2022
On filings since 2019
1 hr/week
No compensation reported
Tamberly Frain
Director, Secretary & Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Richard and Tamberly Frain Foundation
How much does The Richard and Tamberly Frain Foundation give each year?
The Richard and Tamberly Frain Foundation gave $54K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $116K across 5 grants.
What is The Richard and Tamberly Frain Foundation's typical grant size?
The Richard and Tamberly Frain Foundation's median grant in 2025 was $10,000, and its average grant was $10,700, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Richard and Tamberly Frain Foundation give grants?
The Richard and Tamberly Frain Foundation's top state is Illinois, with 37% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Minnesota (37%) and Florida (19%).
Does The Richard and Tamberly Frain Foundation give general operating support?
Yes: 100% of The Richard and Tamberly Frain Foundation's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Richard and Tamberly Frain Foundation's largest grantees?
The Richard and Tamberly Frain Foundation's largest 2025 grantees include Chicago Police Foundation ($20,000), Mayo Clinic ($20,000) and Royal Dames of Cancer Research Inc ($10,000), according to its 2025 IRS Form 990-PF. Together they received 93% of its itemized 2025 grant dollars.
How large is The Richard and Tamberly Frain Foundation?
The Richard and Tamberly Frain Foundation reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $62K in qualifying distributions that year, against a required minimum of $116K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 8, 2024)
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