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THE BUD FRANKEL FAMILY FOUNDATION

NEW YORK, NY · EIN 266232499 · Form 990PF · FY2023 · Micro (<$100K)
revenue
$-332K
expenses
$7K
net assets
$0
employees
profile · synthesized from sources

The Bud Frankel Family Foundation is a private foundation based in New York that makes charitable grants to support education, youth development, and arts access for children. In 2023, it funded organizations serving students in underserved communities, including scholarship programs, arts enrichment, and literacy initiatives. The foundation operates primarily by distributing funds to nonprofit partners across New York and nationally.

named programs · 1 · from sources

What they call their work

Charitable Grantmaking Program
Core activity of the foundation; provides multi-year and one-time grants to nonprofit organizations focused on education, scholarships, and arts access for disadvantaged youth
activities · 4 groups

What they do

  • Charitable Grantmaking to Specific Causes 4 activities
    • Funding Advocates for Children of NY for charitable purposes
      Awards grants to Advocates for Children of New York to advance charitable goals related to child welfare and education. Documented in IRS Form 990 as part of the foundation’s giving.
    • Funding Donors Choose for charitable purposes
      Funds the organization Donors Choose to support charitable initiatives, likely in education. This grantmaking activity was listed in multiple entries across IRS Form 990 filings.
    • Funding Free Arts for charitable purposes
      Grants financial support to Free Arts, an organization providing arts programming to underserved children, for charitable purposes. Referenced in IRS Form 990 filings.
    • Funding the Fresh Air Fund for charitable purposes
      Provides grants to the Fresh Air Fund, which offers enriching outdoor and summer experiences for children from low-income communities in New York City. Supported as part of the foundation's charitable grantmaking.
  • Literacy Program Funding 2 activities
    • Funding CAMBA - Ready Readers for charitable purposes
      Supports the CAMBA - Ready Readers program through grants for charitable purposes, focused on literacy or early childhood education. Cited in IRS Form 990 filings.
    • Funding PW Library - Creative Readers for charitable purposes
      Finances the PW Library - Creative Readers program, likely focused on literacy or creative engagement in reading, for charitable purposes. Cited in IRS Form 990 filing.
  • Private K–12 School Support 2 activities
    • Funding Harlem Academy for charitable purposes
      Supports Harlem Academy, an independent school serving academically talented students from low-income families, through charitable grants. Listed in IRS Form 990 as a recipient of foundation funding.
    • Funding Harlem Educational Activities Fund for charitable purposes
      Provides funding to the Harlem Educational Activities Fund to support educational programs for underserved youth in Harlem. Listed as a grantee in IRS Form 990 documentation.
  • Financial Aid and Scholarship Access Programs 2 activities
    • Funding Oliver’s Scholars for charitable purposes
      Funds Oliver’s Scholars (corrected from 'Olivers Scholars') to support educational advancement and leadership development for high-achieving students of color. Activity documented in IRS Form 990.
    • Funding a scholarship program for charitable purposes
      Provides financial support for a scholarship program aimed at charitable educational or social objectives. Described in IRS Form 990 as part of the foundation's grantmaking activities.
financials · form 990PF · fy2023
revenue
Total revenue$-332K
Contributions & grants
Program service revenue
Investment income$46K
Other revenue$-378K
expenses
Total expenses$7K
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$0
Grants paid out$1.23M
balance sheet
Total assets$0
Cash
Investments
Liabilities
Net assets$0
4 years on record · 2020–2023 · YoY revenue -554.1%
leadership · form 990 part vii · fy2023

Who runs it

board members · 5
  • BARBARA MAZZEI — CO-TRUSTEE
  • DAVID FRANKEL — CO-TRUSTEE
  • JOANNE KELVIN — CO-TRUSTEE
  • MARSHA ANNE CAPARELLI — CO-TRUSTEE
  • SEAN FRANKEL — CO-TRUSTEE
relationships · 10

Who they work with

  • ADVOCATES FOR CHILDREN OF NY Partner — Receives charitable grants from the foundation.
  • CAMBA - READY READERS Partner — Receives charitable grants from the foundation.
  • DONORS CHOOSE Partner — Receives charitable grants from the foundation.
  • FREE ARTS Partner — Receives charitable grants from the foundation.
  • FRESH AIR FUND Partner — Receives charitable grants from the foundation.
  • HARLEM ACADEMY Partner — Receives charitable grants from the foundation.
  • HARLEM EDUCATIONAL ACTIVITIES FUND Partner — Receives charitable grants from the foundation.
  • OLIVERS SCHOLARS Partner — Receives charitable grants from the foundation.
  • PW LIBRARY - CREATIVE READERS Partner — Receives charitable grants from the foundation.
  • SCHOLARSHIP FUND Partner — Receives charitable grants from the foundation.