Let's Be Frank
By David Whitford

(FORTUNE Small Business) – "When I sell a brand for $2 billion," asks the impossibly gravelly voice at the other end of the line, "am I still small business?" Afraid so, Sidney Frank. Once you've shared steaks and cosmos with FSB (Drinks With, March 2004), you'll always be one of ours. Frank's windfall—a record sum in the liquor business—came from the sale of Grey Goose vodka to Bacardi in June. In September he set a record of a different kind with a $100 million gift to Brown University—the largest bequest by one person for a single purpose in Brown's history. Frank, 85, chairman and CEO of Sidney Frank Importing, attended Brown for just one year. He had to leave when he ran out of money. His gift will replace student loans with outright grants for needy students, who will be known as Sidney Frank Scholars. Cheers! —DAVID WHITFORD