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Also known as: Foundation Inc
Richard E Frain Jr Charitable Foundation Inc. is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2005. The principal officer is % Foundation Source. It holds total assets of $1.2M. Annual income is reported at $778K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Richard E Frain Jr Charitable Foundation Inc. has made 12 grants totaling $230K, with a median grant of $20K. Annual giving has grown from $30K in 2021 to $90K in 2023. Grantmaking activity was highest in 2022 with $110K distributed across 6 grants. Individual grants have ranged from $5K to $50K, with an average award of $19K. The foundation has supported 6 unique organizations. The foundation primarily supports organizations in Illinois, Minnesota, California, which account for 75% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Richard E Frain Jr Charitable Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in IL, MN, CA.
Richard E Frain Jr Charitable Foundation Inc. has distributed a total of $230K across 12 grants. The median grant size is $20K, with an average of $19K. Individual grants have ranged from $5K to $50K.
Richard E Frain Jr Charitable Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Richard E Frain Jr Charitable Foundation Inc. is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard E Frain Jr | Pres, Dir | $0 | $0 | $0 |
| Tamberly Frain | Dir, Sec, Treas | $0 | $0 | $0 |
Total Giving
$112K
Total Assets
$726K
Fair Market Value
$1.6M
Net Worth
$726K
Grants Paid
$90K
Contributions
$0
Net Investment Income
$28K
Distribution Amount
$68K
Total: $604K
Total Grants
12
Total Giving
$230K
Average Grant
$19K
Median Grant
$20K
Unique Recipients
6
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shedd Aquarium SocietyGeneral & Unrestricted | Chicago, IL | $50K | 2023 |
| Mikeroweworks FoundationGeneral & Unrestricted | Los Angeles, CA | $20K | 2023 |
| Mayo ClinicGeneral & Unrestricted | Rochester, MN | $20K | 2023 |
| Hearing Loss Association Of America IncGeneral & Unrestricted | Mesa, AZ | $10K | 2022 |
| Elim Christian ServicesGeneral & Unrestricted | Crestwood, IL | $10K | 2021 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Falcos Children Africa IncGeneral & Unrestricted | Bristow, OK | $5K | 2021 |
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