Samuel And Jean Frankel Foundation
- Assets
- $73.9m
- Revenue
- $1.8m
- Investments
- $59.4m
- Employees
- 0
- Location
- Troy, MI
- Founding
- 05/1958
- Data as of
- 12/2021
- EIN
- 38-6088399
Organization Overview
Samuel And Jean Frankel Foundation is located in Troy, MI. The organization was established in 1958. 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. Samuel And Jean 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, Samuel And Jean Frankel Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.4%) each year. All expenses for the organization totaled $11.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (29.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Samuel And Jean Frankel Foundation has awarded 63 individual grants totaling $331,107,361. 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 |
|---|---|---|---|
Stanley Frankel Treasurer | 0 | $0 | |
Joelyn Nyman Trustee | 0 | $0 | |
Bruce Frankel Trustee | 0 | $0 | |
Stuart Frankel Trustee | 0 | $0 | |
Arthur Weiss Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,158,879 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $578,300 |
| Capital Gain Net Income | $578,300 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $101,293 |
| Total Revenue | $1,838,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40,316 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $203,557 |
| Total operating and administrative expenses | $253,883 |
| Contributions, gifts, grants paid | $11,150,000 |
| Total expenses and disbursements | $11,403,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,239,750 |
| Savings and temporary cash investments | $4,208,754 |
| 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 | $6,992,175 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,838,449 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $73,862,314 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Samuel And Jean Frankel Foundation has awarded $11,150,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MICHIGAN PURPOSE: CHARITABLE WITHOUT RESTRICTION | $4,125,000 |
UNIVERSITY OF MICHIGAN PURPOSE: CHARITABLE WITHOUT RESTRICTION | $4,000,000 |
UNIVERSITY OF MICHIGAN-COMPREHENSIVE MEDICAL CANCER CENTER PURPOSE: CHARITABLE WITHOUT RESTRICTION | $2,500,000 |
Detroit, MI PURPOSE: CHARITABLE WITHOUT RESTRICTION | $250,000 |
SPHINX ORGANIZATION PURPOSE: CHARITABLE WITHOUT RESTRICTION | $175,000 |
Bloomfield Hills, MI PURPOSE: CHARITABLE WITHOUT RESTRICTION | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
The Cummins Foundation Inc Columbus, IN | $50,145,455 | $23,676,992 |
The Samuel And Jean Frankel Jewish Heritage Foundation Troy, MI | $178,134,480 | $24,091,324 |