The Raymond Frankel Foundation
- Assets
- $49.5m
- Revenue
- $275.8k
- Investments
- $47.9m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1984
- Data as of
- 12/2023
- 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 12/2023, Raymond Frankel Foundation generated $275.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Raymond Frankel Foundation has awarded 331 individual grants totaling $15,912,876. 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 |
|---|---|---|---|
Belinda Frankel President | 30 | $120,000 | |
Jon Younger Treasurer | 4 | $0 | |
Allan Myer Secretary | 30 | $150,000 | |
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 | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,197,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$921,205 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $275,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $270,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $26,589 |
| Interest | $0 |
| Taxes | $39,304 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $67,354 |
| Printing and publications | $0 |
| Other expenses | $20,262 |
| Total operating and administrative expenses | $922,499 |
| Contributions, gifts, grants paid | $3,590,413 |
| Total expenses and disbursements | $4,512,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,918 |
| Savings and temporary cash investments | $1,501,631 |
| 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 | $3,847,947 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,480 |
| Total assets | $49,518,045 |
| 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 | $8,071 |
| Total liabilities | $8,071 |
Grants Awarded
Over the last fiscal year, The Raymond Frankel Foundation has awarded $3,590,413 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA GIVES PURPOSE: TO ASSIST WITH HUMANITARIAN EFFORTS | $10,000 |
AMERICAN ACADEMY OF ARTS AND SCIENCE PURPOSE: TO CREATE DIALOGUE BETWEEN NUCLEAR PLAYERS | $586,000 |
AMERICAN FRIENDS OF IDC PURPOSE: TO SUPPORT ANNUAL HERZLIYA CONFERENCE | $105,000 |
AMERICAN FRIENDS OF IDI PURPOSE: TO EDUCATE REGARDING ISRAELI ISSUES | $200,000 |
AMERICAN FRIENDS OF MIGDAL OHR PURPOSE: TO SUPPORT AT-RISK YOUTH | $50,000 |
AMERICAN FRIENDS TEL AVIV UNIV PURPOSE: ADVANCEMENT OF EDUCATION | $20,000 |