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Also known as: Foundation Inc
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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. Total assets have grown from $203K in 2011 to $726K 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 Arizona, Minnesota and Illinois. 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.
Smallest Grant
$10K
Median Grant
$20K
Average Grant
$18K
Largest Grant
$25K
Based on 3 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.
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 | N/A |
| Tamberly Frain | Dir, Sec, Treas | $0 | $0 | N/A |
Total Giving
$112K
Total Assets
$726K
Fair Market Value
$1.6M
Net Worth
$726K
Grants Paid
$90K
Contributions
N/A
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 |
| Mayo ClinicGeneral & Unrestricted | Rochester, MN | $20K | 2023 |
| Mikeroweworks FoundationGeneral & Unrestricted | Los Angeles, CA | $20K | 2023 |
| Hearing Loss Association Of America IncGeneral & Unrestricted | Mesa, AZ | $10K | 2022 |
| Elim Christian ServicesGeneral & Unrestricted | Crestwood, IL | $10K | 2021 |
| Falcos Children Africa IncGeneral & Unrestricted | Bristow, OK | $5K | 2021 |