The Raymond Frankel Foundation
- Assets
- $50.0m
- Revenue
- $15.8m
- Investments
- $48.0m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 13-3187074
Organization Overview
The Raymond Frankel Foundation is located in Chicago, IL. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raymond Frankel Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Raymond Frankel Foundation generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 48.1% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 44.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Raymond Frankel Foundation has awarded 234 individual grants totaling $8,926,711. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Myer Secretary | 30 | $150,000 | |
Belinda Frankel President | 30 | $120,000 | |
Jon Younger Treasurer | 4 | $0 | |
Dr Jonathan Gershoni Director | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rmb Capital Management Llc | 12/30/18 | $272,226 |
Proskauer Rose Llp | 12/30/18 | $12,477 |
Law Offices Of Marc C Rosenberg | 12/30/18 | $7,183 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,991,110 |
| Interest on Savings | $0 |
| Dividends & Interest | $893,813 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,922,848 |
| Capital Gain Net Income | $2,922,848 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,807,771 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $270,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $15,934 |
| Interest | $0 |
| Taxes | $38,273 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $38,381 |
| Printing and publications | $0 |
| Other expenses | $4,718 |
| Total operating and administrative expenses | $840,550 |
| Contributions, gifts, grants paid | $2,802,759 |
| Total expenses and disbursements | $3,643,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,747 |
| Savings and temporary cash investments | $1,898,252 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,322,015 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $26,904 |
| Total assets | $50,048,310 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $34,863 |
| Total liabilities | $34,863 |
Grants Awarded
Over the last fiscal year, The Raymond Frankel Foundation has awarded $2,802,759 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: TO CREATE DIALOGUE BETWEEN NUCLEAR PLAYERS | $635,000 |
HARVARD UNIVERSITY PURPOSE: TO PROMOTE ARMS CONTROL | $251,000 |
AMERICAN FRIENDS OF IDI PURPOSE: TO EDUCATE REGARDING ISRAELI ISSUES | $250,000 |
New York, NY PURPOSE: COMBAT ANTI-SEMITISM | $162,000 |
CENTER FOR MIDDLE EAST STUDIES BROOKINGS INSTITUTION PURPOSE: EDUCATION FOR THE MIDDLE EAST | $157,915 |
CROWN CENTER BRANDEIS UNIVERSITY PURPOSE: EDUCATION FOR THE MIDDLE EAST | $136,167 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |