The Dr.Frank B. Sullivan Memorial Fund was established in September 2002, upon his passing. Donations were put into a savings account and C.D.’s. In 2005, The Chronicle, a special 6-page newsletter on Sullivan's accomplishments, was sent out to many friends, colleagues and family members, to raise more funds.
The Fund became incorporated in Maryland on June 14, 2007. In December 2008, IRS granted 501C(3) tax exemption. In February 2009, after the sale of the Victorian-era home office in Springfield, Illinois, the National Fraternal Society of the Deaf Board of Directors made a generous gift of $50,000 to the Foundation. This was commingled with the money that was received after Sully's passing, and placed in an investment portfolio which generates interest each year.
The National Fraternal Society of the Deaf initiated and disbursed the $500 award from 2003 to 2006. In 2007, the award was taken over by the Dr. Frank B. Sullivan Memorial Fund and in 2009, by the Foundation.
A $500 Excellence in Business scholarship continues to be given out annually to a senior at Gallaudet University. The recipient is chosen by the Department of Business faculty members, and the award is presented to the winner at its Annual Awards Day event. An engraved plate with the new recipient’s name is added to a Dr. Frank B. Sullivan Award of Excellence plaque, which isdisplayed on the lobby wall of the University’s Department of Business.
Additionally, since 2003, an annual first-place Senior Handicap Champion golf plaque continues to be given out in Frank B.Sullivan’s memory at the MidWest Deaf Golfers Association’s regional tournament. Sullivan was an avid golfer, and a co-founder of MDGA.
CURRENT and FUTURE ACTIVITIES:
A $500 Outstanding Student in Business award was established at NTID in 2011. Two years later, a $500 award for Exemplary Business Student at RIT's Saunders College of Business was set up. The recipients are chosen by the Department of Business Studies at Rochester Institute of Technology/National Technical Institute of the Deaf in Rochester, NY. The names are displayed on wall plaques in the department.
The Foundation intends to sponsor specialized business training workshops and seminars for aspiring young deaf/hard of hearing men and women business majors through the auspices of both university business departments; also, for up and coming young Deaf community leaders. These courses will be taught by well-known deaf/hard of hearing business leaders/owners – of which there are many in the field today – chosen from the corporate, finance, law, insurance, and IBO fields.