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Hannah & Frank Grossman Charitable Trust is a private trust based in FRANKFORT, IL. The foundation received its IRS ruling in 1997. The principal officer is Steve Gilson. It holds total assets of $664K. Annual income is reported at $234K. Total assets have decreased from $1M in 2011 to $656K in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Illinois, California and New York. According to available records, Hannah & Frank Grossman Charitable Trust has made 14 grants totaling $82K, with a median grant of $5K. Annual giving has grown from $23K in 2022 to $60K in 2023. Individual grants have ranged from $3K to $12K, with an average award of $6K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Illinois, New York, North Carolina, which account for 93% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$4K
Average Grant
$4K
Largest Grant
$5K
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Hannah & Frank Grossman Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 14 grants. Its grantmaking reaches organizations primarily in IL, NY, NC.
Hannah & Frank Grossman Charitable Trust has distributed a total of $82K across 14 grants. The median grant size is $5K, with an average of $6K. Individual grants have ranged from $3K to $12K.
Hannah & Frank Grossman Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Hannah & Frank Grossman Charitable Trust is headquartered in FRANKFORT, IL. While based in IL, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sue Frankenstein | TRUSTEE | $12K | $0 | $12K |
| Steven S Gilson | TRUSTEE | $12K | $0 | $12K |
Total Giving
$107K
Total Assets
$656K
Fair Market Value
$1.6M
Net Worth
$656K
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$83K
Distribution Amount
$76K
Total: $641K
Total Grants
14
Total Giving
$82K
Average Grant
$6K
Median Grant
$5K
Unique Recipients
10
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| ShalvaPROGRAM SUPPORT | Chicago, IL | $12K | 2023 |
| American Friends Of Magen Davie AdomGENERAL PURPOSES | New York, NY | $10K | 2023 |
| Have DreamsPROGRAM SUPPORT | Park Ridge, IL | $10K | 2023 |
| Pickles GroupPROGRAM SUPPORT | Winnetka, IL | $8K | 2023 |
| South Cook Ms Help GroupGENERAL PURPOSE | Chicago, IL | $5K | 2023 |
| Ukrainian Children IncGENERAL PURPOSES | Winston Salem, NC | $5K | 2023 |
| Just Cause Create JoyGENERALPURPOSE | Plainfield, IL | $5K | 2023 |
| North Shore Senior CenterPROGRAM SUPPORT | Northfield, IL | $5K | 2023 |
| Pegasus Therapeutic RidingPROGRAM SUPPORT | Palm Desert, CA | $3K | 2022 |
| Multiple Sclerosis SocietyPROGRAM SUPPORT | New York, NY | $3K | 2022 |