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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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