FRANKE FAMILY CHARITABLE FNDTN: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- FRANKE FAMILY CHARITABLE FNDTN (EIN 36-3662848)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-05-14
- IRS object ID
- 202501349349103280
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Gain Loss Sale Other Assets Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-05-14T17:36:42-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331374517 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PKF O'CONNOR DAVIES ADVISORY LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 245 PARK AVENUE 12TH FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 101670008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363662848 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANKE FAMILY CHARITABLE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FRAN | BusinessNameControlTxt |
| Phone | 3125732743 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 676 N MICHIGAN AVE 2920 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606112861 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | BARBARA E FRANKE | PersonNm |
| Person Title | TRUSTEE | PersonTitleTxt |
| Phone | 3125732743 | PhoneNum |
| Signature | 2025-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOSEPH L ALI CPA | PreparerPersonNm |
| PTIN | P02093808 | PTIN |
| Phone | 2122862600 | PhoneNum |
| Preparation | 2025-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $58,004,998 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $2,727,048 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $498,823 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $498,823 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $180,688 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,399,785 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $8,154,628 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $2,772,393 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $94,764 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $11,116 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $596,755 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $11,572,303 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,590,127 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $8,447 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $8,447 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $36,939 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $36,939 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $183,565 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $183,565 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $0 | OtherProfFeesDsbrsChrtblAmt |
| Interest Net Invst Incm | $266,527 | InterestNetInvstIncmAmt |
| Taxes Net Invst Incm | $52,877 | TaxesNetInvstIncmAmt |
| Trav Conf Meeting Rev And Expnss | $1,419 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $1,419 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $225 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $872,912 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $225 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $230,595 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,375,881 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $47,030 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,018,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $4,018,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $4,248,595 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,375,881 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $4,065,030 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $7,323,708 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,214,246 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $5,993,891 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $8,841,886 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $8,841,886 | SavAndTempCashInvstEOYFMVAmt |
| Other Investments BOY | $47,729,785 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $49,163,112 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $49,163,112 | OtherInvestmentsEOYFMVAmt |
| Total Assets BOY | $53,723,676 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,004,998 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $58,004,998 | TotalAssetsEOYFMVAmt |
| Grants Payable BOY | $333,333 | GrantsPayableBOYAmt |
| Total Liabilities BOY | $333,333 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $53,390,343 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $58,004,998 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $53,390,343 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $58,004,998 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $53,723,676 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $58,004,998 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $53,390,343 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $7,323,708 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $60,714,051 | SubtotalAmt |
| Other Decreases | $2,709,053 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $58,004,998 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (13 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|---|
| FIDELITY GROWTH COMPANY (FDGRX) 90,689.981 SHARES | D | 2023-08-09 | 2023-09-08 | $2,772,393 | $2,715,101 | $57,292 | $57,292 |
| BAIN CAPITAL MIDDLE MARKET CREDIT 2010 (OFFSHORE), L.P. | P | $980 | $64,030 | -$63,050 | -$63,050 | ||
| BAIN CAPITAL FUND X, L.P. | P | -$387 | -$387 | ||||
| BAIN CAPITAL FUND XI, L.P. | P | $177,676 | $177,676 | ||||
| BAIN CAPITAL FUND XII, L.P. | P | $137,520 | $137,520 | ||||
| FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP | P | -$70,809 | -$70,809 | ||||
| GNDI HOLDINGS I, L.P. | P | -$71,316 | -$71,316 | ||||
| GP EMERGING MARKETS STRATEGIES, L.P | P | $1,315 | $1,315 | ||||
| GP GLOBAL EQUITY STRATEGIES, L.P | P | -$37,844 | -$37,844 | ||||
| GP LOW VOLATITLY HEDGED STRATEGIES, L.P. | P | -$7,500 | -$7,500 | ||||
| GP OPPORTUNISTIC GROWTH STRATEGIES, L.P. | P | -$30,106 | -$30,106 | ||||
| VENTURE INVESTMENT ASSOCIATES, L.P. | P | $9,349 | $9,349 | ||||
| VENTURE INVESTMENT ASSOCIATES IV, L.P. | P | -$7,376 | -$7,376 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $94,764 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $16,878 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $16,878 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $16,878 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $31,527 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $81,527 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $64,649 | OverpaymentAmt |
| Applied To ES Tax | $64,649 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Org Report Or Register State | NY | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | Yes (1) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | GRESHAM PARTNERS LLC | IndividualWithBooksNm |
| Phone | 3123275020 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 W WACKER DRIVE SUITE 700 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061335 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (1) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (1) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | 0 | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| BARBARA E FRANKE | ||||||||
| 676 NORTH MICHIGAN AVE NO 2920 | CHICAGO | IL | 606112861 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| JANE S FRANKE | ||||||||
| 676 NORTH MICHIGAN AVE NO 2920 | CHICAGO | IL | 606112861 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| KATHERINE M FRANKE | ||||||||
| 676 NORTH MICHIGAN AVE NO 2920 | CHICAGO | IL | 606112861 | TRUSTEE | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRESHAM PARTNERS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 333 W WACKER DRIVE SUITE 700 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606061335 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT AND ADVISORY | ServiceTypeTxt |
| Compensation | $183,565 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $45,936,535 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $10,111,427 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $56,047,962 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $56,047,962 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $840,719 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $55,207,243 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,760,362 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,760,362 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $16,878 | TaxBasedOnInvestmentIncomeAmt |
| Income Tax | $18,258 | IncomeTaxAmt |
| Total Tax | $35,136 | TotalTaxAmt |
| Distributable Before Adj | $2,725,226 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $2,725,226 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $2,725,226 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $4,065,030 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $4,065,030 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,725,226 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr1 | $1,462,358 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $1,462,358 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $4,065,030 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $2,725,226 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,339,804 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $2,802,162 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $2,802,162 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $1,462,358 | ExcessFromYear1Amt |
| Excess From Current Year | $1,339,804 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | BARBARA E FRANKE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (20 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| ARIZONA MUSICFEST | |||||||
| 7950 E THOMPSON PEAK PARKWAY | SCOTTSDALE | AZ | 852557405 | N/A | PC | GENERAL OPERATIONS | $25,000 |
| ART INSTITUTE OF CHICAGO | |||||||
| 111 S MICHIGAN AVENUE | CHICAGO | IL | 606036488 | N/A | PC | SUSTAINING FELLOWS | $50,000 |
| ART INSTITUTE OF CHICAGO | |||||||
| 111 S MICHIGAN AVENUE | CHICAGO | IL | 606036488 | N/A | PC | TEXTILE DEPARTMENT | $20,000 |
| CHICAGO HUMANITIES FESTIVAL | |||||||
| 500 N DEARBORN ST | CHICAGO | IL | 606543300 | N/A | PC | GENERAL OPERATIONS | $100,000 |
| COMMUNITY FUNDS INC | |||||||
| 909 3RD AVENUE | NEW YORK | NY | 100224731 | N/A | PC | KATHERINE FRANKE DAF | $1,000,000 |
| ELM CITY CONSORT INC | |||||||
| 234 EVERIT STREET | NEW HAVEN | CT | 065111322 | N/A | PC | GENERAL OPERATIONS | $5,000 |
| FIDELITY CHARTABLE | |||||||
| 100 CROSBY PARKWAY | COVINGTON | KY | 41015 | N/A | PC | SHEPHERD FUND (JANE FRANKE DAF) | $1,000,000 |
| INTEGRATED REFUGEE & IMMIGRANT SERVICES | |||||||
| 235 NICOLL STREET 2ND FLOOR | NEW HAVEN | CT | 065112672 | N/A | PC | GENERAL OPERATIONS | $25,000 |
| INTERNATIONAL FESTIVAL OF ARTS & IDEAS | |||||||
| 195 CHURCH STREET SUITE 1200 | NEW HAVEN | CT | 065104012 | N/A | PC | GENERAL OPERATIONS | $2,000 |
| LEAP | |||||||
| 31 JEFFERSON STREET | NEW HAVEN | CT | 065114947 | N/A | PC | GENERAL OPERATIONS | $5,000 |
| MAYO CLINIC | |||||||
| 200 FIRST STREET SW | ROCHESTER | MN | 55905 | N/A | PC | PALLIATIVE CARE | $25,000 |
| NORTHWESTERN UNIVERSITY | |||||||
| 633 CLARK STREET | EVANSTON | IL | 602080001 | N/A | PC | FRANKE FAMILY FELLOWS | $50,000 |
| THE COLORADO COLLEGE | |||||||
| 14 E CACHE LA POUDRE | COLORADO SPRINGS | CO | 809033243 | N/A | PC | GENERAL OPERATIONS | $333,333 |
| THE CONNECTICUT PLAYERS FOUNDATION | |||||||
| 70 AUDUBON STREET 2ND FLOOR | NEW HAVEN | CT | 06510 | N/A | PC | GENERAL OPERATIONS | $210,000 |
| UNIVERSITY OF CHICAGO | |||||||
| 5535 S ELLIS AVENUE | CHICAGO | IL | 606371401 | N/A | PC | COURT THEATRE FUND | $400,000 |
| UNIVERSITY OF CHICAGO | |||||||
| 5801 S ELLIS AVENUE SUITE 1 | CHICAGO | IL | 606375418 | N/A | PC | HUMANITIES ADVISORY COUNCIL FUND | $25,000 |
| UNIVERSITY OF CHICAGO | |||||||
| 5801 S ELLIS AVENUE SUITE 1 | CHICAGO | IL | 606375418 | N/A | PC | WOMEN'S BOARD | $1,000 |
| YALE ART GALLERY | |||||||
| 1111 CHAPEL STREET | NEW HAVEN | CT | 065102300 | N/A | PC | GENERAL OPERATIONS | $25,000 |
| YALE UNIVERSITY LIBRARY COUNCIL | |||||||
| PO BOX 208244 | NEW HAVEN | CT | 065108240 | N/A | PC | GENERAL OPERATIONS | $50,000 |
| YALE UNIVERSITY | |||||||
| PO BOX 208325 | NEW HAVEN | CT | 06520 | N/A | PC | FRANKE DRAMATIC ARTS BUILDING | $1,000,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $4,351,333 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $498,823 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $180,688 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $8,154,628 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER MISCELLANEOUS INCOME | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $11,116 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $8,845,255 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $8,845,255 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ESTATE OF RICHARD J FRANKE | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 676 N MICHIGAN AVE NO 2920 | AddressLine1Txt |
| City | CHICAGO | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606112861 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $2,727,048 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | FIDELITY GROWTH COMPANY (FDGRX) 90,689.981 SHARES | NoncashPropertyDesc |
| Fair Market Value | $2,727,048 | FairMarketValueAmt |
| Received | 2023-08-09 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ANNUAL BOOKKEEPING AND TAX RETURN PREPARATION | CategoryTxt |
| Amt | $36,939 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $36,939 | DisbursementsCharitablePrpsAmt |
Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch
Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp (5 entries)
| AssetAssetDesc | AcquiredAcquiredDt | How AcquiredHowAcquiredTxt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | BasisBasisAmt | Basis MethodBasisMethodTxt | Sales ExpenseSalesExpenseAmt | Total NetTotalNetAmt |
|---|---|---|---|---|---|---|---|---|
| FIDELITY GROWTH COMPANY (FDGRX) 90,689.981 SHARES | 2023-08 | DONATED | 2023-09 | $2,772,393 | $2,727,048 | COST | $0 | $45,345 |
| GNDI HOLDINGS I, L.P. | PURCHASED | COST | $0 | $40,311 | ||||
| BAIN CAPITAL MIDDLE MARKET CREDIT 2010 (OFFSHORE), L.P. | PURCHASED | COST | $0 | -$63,050 | ||||
| FARALLON CAPITAL INSTITUTIONAL PARTNERS, LP | PURCHASED | COST | $0 | $8,119,860 | ||||
| VENTURE INVESTMENT ASSOCIATES, L.P. | PURCHASED | COST | $0 | $12,162 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (16 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| BAIN CAPITAL DISTRESSED AND SPECIAL SITUATIONS 2019 (B MASTER), L.P. | FMV | $1,352,893 | $1,352,893 |
| BAIN CAPITAL DOUBLE IMPACT FUND II, L.P. | FMV | $721,578 | $721,578 |
| BAIN CAPITAL FUND VII, L.P. | FMV | $155,323 | $155,323 |
| BAIN CAPITAL FUND X, L.P. | FMV | $485,092 | $485,092 |
| BAIN CAPITAL FUND XI, L.P. | FMV | $993,895 | $993,895 |
| BAIN CAPITAL FUND XII, L.P. | FMV | $2,764,041 | $2,764,041 |
| FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P. | FMV | $1,617,547 | $1,617,547 |
| GP EMERGING MARKETS STRATEGIES, L.P. | FMV | $6,389,902 | $6,389,902 |
| GP GLOBAL EQUITY STRATEGIES, L.P. | FMV | $17,687,822 | $17,687,822 |
| GP LOW VOLATILITY HEDGED STRATEGIES, L.P. | FMV | $5,459,295 | $5,459,295 |
| GP OPPORTUNISTIC GROWTH STRATEGIES, L.P. | FMV | $8,785,354 | $8,785,354 |
| SRI NINE REIT | FMV | $8,600 | $8,600 |
| SRI TEN REIT | FMV | $8,901 | $8,901 |
| VANGUARD SHORT TERM TREASURY ADMIRAL (VFIRX) 267,539.179 SHARES | FMV | $2,611,182 | $2,611,182 |
| VENTURE INVESTMENT ASSOCIATES IV, L.P. | FMV | $120,899 | $120,899 |
| VENTURE INVESTMENT ASSOCIATES, L.P. | FMV | $788 | $788 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GENERAL AND ADMINISTRATIVE LEGAL COUNSEL | CategoryTxt |
| Legal Fees | $8,447 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $8,447 | DisbursementsCharitablePrpsAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED LOSS ON INVESTMENTS | Desc |
| Amt | $2,709,053 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| FILING FEES | $200 | $0 | $200 |
| BANK CHARGES | $25 | $0 | $25 |
| OTHER EXPENSES THRU SCHEDULE K-1'S | $0 | $872,912 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (2 entries)
| DescDesc | Net Investment IncomeNetInvestmentIncomeAmt | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|
| OTHER INCOME THRU SCHEDULE K-1'S | $596,755 | ||
| OTHER MISCELLANEOUS INCOME | $11,116 | $11,116 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | INVESTMENT MANAGEMENT AND ADVISORY | CategoryTxt |
| Amt | $183,565 | Amt |
| Net Investment Income | $183,565 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |