PFRANKMD Heals Foundation
EIN 872470785 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: Typically, a finding of a substantial contraction of assets is made by reference to the fair market value of a foundation's net assets on the first day of its calendar year. However, the taxable year ending December 31, 2021 was the year in which the Foundation received its initial endowment and the finding of a substantial contraction in this case was made by reference to the fair market value of the Foundation's assets on the date that it received its initial endowment. Accordingly, the degree of contraction of the Foundation's net assets may have been exaggerated. During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $56,055. This amount represents 25% or more of the Foundation's net assets of $10,000 (as measured by fair market value) on the day that the Foundation received its initial endowment in the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2021 | $56K | $250K | $311K | 6 |
| 2022 | $109K | $263K | $152K | 11 |
| 2023 | $232K | $83K | $43K | 8 |
| 2024 | $62K | $14K | $996 | 4 |
Grant Size Distribution
Based on 29 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (29 total)
| Purpose | ||||
|---|---|---|---|---|
| Vassar College | Poughkeepsie, NY | $75,000 | Dr. Paul Jarrod Frank Health and Wellness Fund | 2023 |
| Byrd Hoffman Watermill Foundation | Water Mill, NY | $50,000 | Watermill center annual fund | 2023 |
| Samuel Waxman Cancer Research Foundation | New York, NY | $40,000 | General & Unrestricted | 2023 |
| River Fund New York Inc | Richmond Hill, NY | $26,000 | General & Unrestricted | 2021 |
| Northwell Health Foundation | New Hyde Park, NY | $25,000 | SHE event | 2023 |
| Northwell Health Foundation | New Hyde Park, NY | $25,000 | For SHE event August 2024 | 2024 |
| Vassar College | Poughkeepsie, NY | $25,000 | Dr. Paul Jarrod Frank Health and Wellness Fund | 2024 |
| Northwell Health Foundation | New Hyde Park, NY | $25,000 | donation from SHE event for Katz institute for Women's Health | 2022 |
| River Fund New York Inc | Richmond Hill, NY | $25,000 | General & Unrestricted | 2022 |
| Skin Cancer Foundation Inc | New York, NY | $17,500 | General & Unrestricted | 2023 |
| Art Students League of New York | New York, NY | $10,000 | General & Unrestricted | 2021 |
| Vassar College | Poughkeepsie, NY | $10,000 | Vassar Fund | 2021 |
| Horace Mann School | Bronx, NY | $10,000 | Horace Mann in Motion | 2023 |
| Vassar College | Poughkeepsie, NY | $10,000 | Vassar Fund | 2023 |
| River Fund New York Inc | Richmond Hill, NY | $10,000 | General & Unrestricted | 2024 |
| Art Students League of New York | New York, NY | $10,000 | Charitable Event | 2022 |
| Direct Relief | Santa Barbara, CA | $10,000 | The Ukrainian medical supply relief effort | 2022 |
| Horace Mann School | Bronx, NY | $10,000 | HM in motion campaign pledge | 2022 |
| Sanctuary for Families Inc | New York, NY | $10,000 | Charitable Event | 2022 |
| Horace Mann School | Bronx, NY | $5,000 | The annual fund | 2021 |
| Gods Love We Deliver Inc | New York, NY | $5,000 | General & Unrestricted | 2023 |
| Horace Mann School | Bronx, NY | $5,000 | annual fund | 2022 |
| Skin Cancer Foundation Inc | New York, NY | $5,000 | General & Unrestricted | 2022 |
| Sanctuary for Families Inc | New York, NY | $4,070 | General & Unrestricted (See Attached General Explanation) | 2022 |
| Most Holy Trinity Church | East Hampton, NY | $3,055 | General & Unrestricted (See attached general explanation) | 2021 |
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