The Sidney E Frank Foundation
The Sidney E Frank Foundation is a private grantmaking foundation established in 2004 and based in Harrison, New York. The foundation was founded by the late Sidney E. Frank, who created the Sidney Frank Importing Company through which he imported and sold Grey Goose vodka and Jagermeister. In 2004, he sold Grey Goose vodka to Bacardi for $2 billion.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$324.8M
+1.4% YoY
Annual Giving
$22.5M
+2.2% YoY
Grant Count
161
+18.4% YoY
Avg Grant Size
$140K
-13.7% YoY
Mission & Focus Areas
The Sidney E Frank Foundation helps raise the quality of life for communities and children through programs in art, theater, poetry, music, education, and land conservation, and by addressing issues including celiac disease.
The foundation has three primary program areas:
- Arts — Supporting visual and performing arts organizations
- Education — Funding educational initiatives and institutions
- Medical and Life Sciences — Addressing health-related issues and scientific advancement
These focus areas are connected through the shared goal of creating a more understanding, interconnected, and sustainable world.
The foundation operates two sister organizations:
- Tippet Rise Art Center — An operating foundation offering programs in art, music, and nature to local communities and global digital audiences
- Adrian Brinkerhoff Poetry Foundation — An operating foundation supporting poetry programs
Grantmaking
The foundation distributed $22.5 million in grants in 2024. Grant awards typically range from $1,000 to $16.5 million, with an average grant amount of approximately $108,000 and a median grant of $20,000.
Average Grant
amount of approximately $108,000 and a median grant of $20,000.
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in New York, Rhode Island, and California, which account for 45% of all grants. Grantmaking reaches organizations across 25 states, with particular concentration in California, New York, Colorado, and Montana.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $324.8 million
- Total Revenue: $34.3 million
- Total Expenses: $25.9 million
- Total Liabilities: $0
- Total Giving: $22.5 million
- Number of Employees: 2
Tax Status: Tax-exempt since June 2006 (EIN: 20-6383779)
The foundation maintains a strong financial position with substantial assets and consistent annual giving capacity. Annual income has supported growing grantmaking activity, with annual giving growing from $10.2 million in 2020 to $22.1 million in 2023.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $324,843,718 | $320,460,560 | $312,344,968 |
| Revenue | $34,321,826 | $9,449,031 | $18,790,046 |
| Expenses | $25,873,273 | $25,769,115 | $20,626,762 |
| Qualifying Distributions | $23,597,170 | $22,888,659 | $18,102,162 |
| Net Investment Income | $31,542,101 | $7,052,286 | $7,010,053 |
| Distributable Amount | $15,549,170 | $15,446,483 | $16,580,183 |
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
250 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
Amy C Fisch — Chief Investment Officer (compensation: $372,761 as of 2024)
Amy L. Holmes — Program Officer (based in New York)
The foundation is administered by PKF O'Connor Davies LLP and maintains offices at 245 Park Avenue, 12th floor, New York.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHY F HALSTEAD | TRUSTEE | 8 | — |
| PETER A HALSTEAD | TRUSTEE | 8 | — |
| HAROLD R LOGAN JR STATEMENT 15 | SPECIAL TRUSTEE | 1 | — |
| ANN M LOGAN STATEMENT 15 | SPECIAL TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation participated in a coalition launching a historic $50 million initiative to support literary arts organizations, combining forces with six other funders to bolster the nonprofit literary arts sector.
Coalition Launches Historic $50 Million Initiative to Bolster Nonprofit ...Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Ramsleg Foundation
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Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
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Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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