Eric And Kathryn Fraint Charitable Fund

Quick Stats

• EIN: 46-4224914
• Type: Private Family Foundation
• Founded: Established in 2023
• Geographic Focus: National (USA-wide)
• Known Grant Range: $250,000 (major gift documented)
• Application Process: No public application process
• Contact: Contact@FraintFund.org | (609) 452-2200

Contact Details

Website: www.fraintfund.org
Email: Contact@FraintFund.org
Phone: (609) 452-2200
Address: 791 Alexander Rd, Princeton, NJ 08540-6325

Overview

The Eric And Kathryn Fraint Charitable Fund is a private family foundation established in 2023 by Eric Fraint, CPA, following the sale of his company, Your Part-Time Controller, LLC. The foundation operates with the mission "to make the world a better place, one grant at a time" and supports nonprofit organizations across the United States. Eric Fraint, a Wharton-educated CPA with over 30 years of experience serving nonprofit organizations, brings deep sector expertise to the foundation's philanthropic work. His career has been dedicated to strengthening nonprofit financial infrastructure, and this foundation represents his transition from providing accounting services to direct philanthropic support. The foundation describes itself as "a small fund supporting large causes."

Funding Priorities

Grant Programs

The foundation operates as a private family foundation without designated grant programs or published funding cycles. Known grants include:

• Major Institutional Grants: The foundation made a $250,000 gift to Northern Arizona University in 2024 to support the T. Paul Thomas Center for Nonprofit Entrepreneurship, which focuses on nonprofit leadership development, capacity-building, and community partnerships.

Priority Areas

Based on the founder's background and documented giving, the foundation appears to prioritize:

• Nonprofit Capacity Building: Supporting organizations and programs that strengthen nonprofit sector infrastructure and leadership
• Nonprofit Education & Entrepreneurship: Funding educational programs that prepare future nonprofit leaders and enhance nonprofit management capabilities
• Mission-Driven Organizations: Supporting nonprofits that align with the foundation's interest in creating positive social impact

Eric Fraint's professional focus has been on organizations serving the greater good, stating: "We specialize in working with nonprofits for one reason and one reason only: because they're doing good deeds for society, they make our work rewarding. We want to give something back to society as well."

What They Don't Fund

As a private family foundation with no public application process, specific exclusions are not documented. However, based on the founder's background and philosophy, the foundation likely focuses on established nonprofit organizations rather than individuals or for-profit ventures.

Governance and Leadership

Key Personnel

Eric Fraint, Founder and President
Eric Fraint is a CPA who graduated from The Wharton School of Business at the University of Pennsylvania in 1977. He founded Your Part-Time Controller, LLC in 1993, growing it into the 5th fastest-growing accounting firm nationally and 75th in size, serving over 1,800 nonprofit clients. He stepped back from day-to-day operations in February 2024 to focus on philanthropy and family.

Fraint has extensive nonprofit board experience, including:

• Former Treasurer, The Philadelphia Foundation (6 of 9 years served)
• First Chairman of the Audit Committee, The Philadelphia Foundation
• Board Treasurer, Greater Philadelphia Cultural Alliance
• Board Member, Magee Rehabilitation Hospital Foundation
• Board Member, Grand Canyon Conservancy (formerly Grand Canyon Association)
• Board Member, Young Playwrights' Theater of Washington, D.C.
• Selection Committee, Washington Post Award for Excellence in Nonprofit Management

Personal Connection to Philanthropy: Fraint spent over two months as a patient at Magee Rehabilitation Hospital in 2017 recovering from Guillain-Barré Syndrome, which deepened his commitment to giving back.

Foundation Philosophy

Fraint's philosophy emphasizes providing strong financial infrastructure that releases management to concentrate on core mission and service delivery. He has taught nonprofit financial management courses at Drexel University, La Salle University, and the University of Pennsylvania's Fels Institute of Government.

Application Process & Timeline

How to Apply

This foundation does not have a public application process. The Eric And Kathryn Fraint Charitable Fund operates as a private family foundation that makes grants at the discretion of its trustees. There are no published application guidelines, grant cycles, or online portals for submitting proposals.

Grants appear to be made through:

• Invitation Only: The foundation identifies grant recipients based on the trustees' existing relationships and knowledge of the nonprofit sector
• Trustee Initiative: Funding decisions are made by the foundation's leadership without solicitation of proposals
• Strategic Relationships: Given Eric Fraint's extensive board service and decades of work with nonprofit organizations, grants likely flow through existing professional and personal networks

Getting on Their Radar

Given Eric Fraint's deep connections in the nonprofit sector and his commitment to organizations serving the greater good, potential pathways include:

• Nonprofit Financial Management Excellence: Organizations demonstrating strong financial infrastructure and management practices align with Fraint's professional focus and philosophy
• Sector Leadership Connections: The foundation's giving appears to be influenced by relationships through Eric Fraint's board service with organizations including The Philadelphia Foundation, Greater Philadelphia Cultural Alliance, Grand Canyon Conservancy, Magee Rehabilitation Hospital Foundation, and Young Playwrights' Theater
• Nonprofit Capacity Building Programs: The documented grant to NAU's nonprofit entrepreneurship center suggests interest in programs that strengthen the broader nonprofit sector
• Mid-Atlantic and Western Geographic Ties: While the foundation supports organizations nationally, Eric Fraint has strong connections to the Philadelphia region and demonstrates interest in Arizona-based nonprofits (Grand Canyon Conservancy board service, NAU gift)

Note: As a small private foundation with limited public information, unsolicited contact is unlikely to result in funding consideration. The foundation identifies beneficiaries through the trustees' own research and existing relationships.

Decision Timeline

Not applicable - no public application process exists. Grant decisions are made at the discretion of the foundation's trustees on their own timeline.

Application Success Factors

Since this foundation does not accept applications, the following insights are based on documented giving patterns and the founder's stated values:

What the Foundation Values

Nonprofit Sector Impact: Eric Fraint has stated that he works with nonprofits "because they're doing good deeds for society" and wants to "give something back to society as well." Organizations making measurable positive social impact align with this philosophy.

Financial Infrastructure & Capacity: With decades of experience providing accounting and financial services to nonprofits, Fraint emphasizes providing "strong financial infrastructure that leverages internal resources, releasing management to concentrate on core mission and service delivery." Organizations demonstrating financial excellence and strong management may resonate with this foundation.

Nonprofit Leadership Development: The documented $250,000 grant to NAU specifically supported a center that "prepares students to lead mission-driven organizations and strengthens nonprofits throughout Arizona with education, capacity-building, and community partnerships." This suggests strong interest in building the next generation of nonprofit leaders.

Long-Term Relationships: Eric Fraint's philanthropic giving appears to flow from deep, long-term relationships built through board service and professional work. His gift to NAU came after meeting director T. Paul Thomas "more than a decade ago while serving together on the Board of Directors for Grand Canyon Conservancy."

Documented Example

Northern Arizona University - T. Paul Thomas Center for Nonprofit Entrepreneurship ($250,000, 2024)
This grant supported the center's continued growth, student engagement, community training programs, and a planned undergraduate degree in nonprofit entrepreneurship. The gift came from a decade-long relationship between Eric Fraint and T. Paul Thomas through joint board service at Grand Canyon Conservancy. This demonstrates the foundation's interest in:

• Nonprofit education and capacity-building
• Programs with long-term sector impact
• Relationships built through shared nonprofit leadership
• Supporting both students and practicing nonprofit professionals

Key Takeaways for Grant Writers

• No Public Application Process: This foundation does not accept unsolicited proposals or applications. Grants are made at the discretion of the trustees based on their own research and relationships.

• Relationship-Driven Philanthropy: The documented giving suggests grants flow from long-term relationships built through Eric Fraint's extensive board service and professional work in the nonprofit sector. Organizations unknown to the trustees are unlikely to receive funding.

• Nonprofit Capacity Building Focus: The major documented grant supports nonprofit entrepreneurship education, suggesting the foundation prioritizes strengthening the broader nonprofit sector's infrastructure and leadership capacity.

• Financial Excellence Matters: Given Eric Fraint's 30+ years providing financial services to nonprofits and his emphasis on strong financial infrastructure, organizations demonstrating financial management excellence likely align with the foundation's values.

• Geographic Connections: While the foundation supports organizations nationally, Eric Fraint has particularly strong ties to the Philadelphia region (board service, headquarters location) and Arizona (Grand Canyon Conservancy board, NAU gift).

• Mission-Driven Philosophy: The foundation explicitly seeks to support organizations "doing good deeds for society." Clear demonstration of social impact and mission-driven work aligns with stated values.

• Small Foundation, Strategic Giving: This is described as "a small fund supporting large causes," suggesting selective, strategic grants rather than broad grantmaking across many recipients.

References

1. Eric and Kathryn Fraint Charitable Fund website: www.fraintfund.org (Accessed March 2026)

2. ProPublica Nonprofit Explorer - Eric And Kathryn Fraint Charitable Fund (EIN: 46-4224914): https://projects.propublica.org/nonprofits/organizations/464224914 (Accessed March 2026)

3. Cause IQ - Eric and Kathryn Fraint Charitable Fund: https://www.causeiq.com/organizations/eric-and-kathryn-fraint-charitable-fund-co-your-pa,464224914/ (Accessed March 2026)

4. Candid Foundation Directory - Eric and Kathryn Fraint Charitable Fund: https://fconline.foundationcenter.org/fdo-grantmaker-profile/?key=ERIC072 (Accessed March 2026)

5. "NAU Renames Nonprofit Center After Major $250K Gift" - Signals AZ, 2024: https://www.signalsaz.com/articles/nau-renames-nonprofit-center-after-major-250k-gift/ (Accessed March 2026)

6. "Eric Fraint's Next Chapter and Continued Influence at YPTC" - Your Part-Time Controller, LLC, 2024: https://www.yptc.com/eric-fraints-next-chapter-and-continued-influence-at-yptc/ (Accessed March 2026)

7. "Magee Rehabilitation Hospital Foundation Elects Eric Fraint to Board of Trustees" - PRWeb, 2018: https://www.prweb.com/releases/magee_rehabilitation_hospital_foundation_elects_eric_fraint_to_board_of_trustees/prweb15877574.htm (Accessed March 2026)

8. Eric Fraint profile - AICPA Conferences: https://aicpaconferences.com/b/sp/eric-fraint-24307 (Accessed March 2026)

9. "Northern Arizona University names the T. Paul Thomas Center for Nonprofit Entrepreneurship" - Arizona Daily Sun: https://azdailysun.com/news/local/northern-arizona-university-names-the-t-paul-thomas-center-for-nonprofit-entrepreneurship/article_430aef03-afeb-4b4a-85a9-1dde92af2119.amp.html (Accessed March 2026)

10. LinkedIn Profile - Eric Fraint: https://www.linkedin.com/in/yourparttimecontroller/ (Accessed March 2026)