Frank C Wagenknecht
Frank C Wagenknecht is a private foundation based in LaSalle, Illinois. Its 2025 filing lists grants described as “School Grant,” and its 2024 filing says awards are based on grades and restricted to top-GPA students at L-P High School.
Key facts about Frank C Wagenknecht
In short: Frank C Wagenknecht gave $73K across 28 grants in 2026 (avg $3K), mostly in Illinois. Source: 2026 IRS Form 990-PF.
- EIN
- 93-6122496
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $72,500
- Grants made (2026)
- 28
- Average grant
- $2,589
- Median grant
- $2,500
- Total assets
- $1,310,644
- Primary geography
- Illinois (100% of itemized 2026 grant dollars)
- How to apply
- No applications are submitted; awards are based on grades. Full details ↓
- Deadline
- None.
Data from IRS Form 990-PF, 2026; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$1.3M
-0.8% YoY
Annual Giving
$73K
+0.0% YoY
Grant Count
28
-3.4% YoY
Avg Grant Size
$3K
+3.6% YoY
Under IRS private-foundation payout rules, Frank C Wagenknecht reported a distributable amount of $71K for 2026 — the minimum it must pay out in qualifying distributions.
How Frank C Wagenknecht gives
- Giving held roughly steady from 2023 to 2026 (−6%). Method
- In 2026 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
No mission statement is provided. The 2024 filing says awards are for the top two or more GPA students at L-P High School.
Grantmaking
In 2025, the foundation made 29 grants totaling $72,500. Each grant was $2,500. The filing lists grants to students in Peru, La Salle, Oglesby, Utica, and Tonica, Illinois, for “School Grant.” For example, Lea Selquist of Peru and Adam Sarabia of La Salle each received $2,500.
Review Cycle
None.
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Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Illinois.
Grant Distribution by State
Share of 2026 grant dollars across all 28 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $68K (2022) to $83K (2021). In 2026 it made 28 grants totaling $73K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was Sophia Woods ($5K). Together the top 10 received $28K.
Grant Size Distribution
143 grants across all recorded years
The most common grant size was under $50K: 143 grants of 143 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sophia Woods Oglesby, IL | School Grant | $5,000 |
| Matthew Beard Utica, IL | School Grant | $2,500 |
| Elia Becker Peru, IL | School Grant | $2,500 |
| Addison Ernat Peru, IL | School Grant | $2,500 |
| Isabella Lambert Tonica, IL | School Grant | $2,500 |
| Shea Rathburn Peru, IL | School Grant | $2,500 |
| Sebastian Serratos Oglesby, IL | School Grant | $2,500 |
| Caden Valenzuela Utica, IL | School Grant | $2,500 |
| Autumn Bunzell Utica, IL | School Grant | $2,500 |
| Kaden Dellinger Peru, IL | School Grant | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $1,320,893 | $126,770 | $87,222 | $72,500 |
| 2024 | $1,281,345 | $51,087 | $92,733 | $75,000 |
| 2023 | $1,322,991 | $149,542 | $94,064 | $77,200 |
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $1,310,644 | $1,320,893 | $1,281,345 |
| Revenue | $80,955 | $126,770 | $51,087 |
| Expenses | $91,207 | $87,222 | $92,733 |
| Qualifying Distributions | $84,420 | $80,670 | $83,717 |
| Net Investment Income | $74,255 | $120,305 | $44,819 |
| Distributable Amount | $71,089 | $74,677 | $63,491 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS July 7, 2026)
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Leadership team and compensation from IRS filings
Hometown National Bank is listed as trustee on the 2025 filing.
Frank C Wagenknecht's only listed officer is Hometown National Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2026 filing
Hometown National Bank
Trustee
On filings since 2021
$13K (2024) → $13K (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $13K, to Hometown National Bank (Trustee).
Contact
Application contact: The Recipients
Mailing address: 260 Bucklin St, La Salle, IL 61301
Phone: (815) 223-7300
Frequently asked questions about Frank C Wagenknecht
How much does Frank C Wagenknecht give each year?
Frank C Wagenknecht gave $73K across 28 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $73K across 29 grants.
What is Frank C Wagenknecht's typical grant size?
Frank C Wagenknecht's median grant in 2026 was $2,500, and its average grant was $2,589, across 28 grants on its 2026 IRS Form 990-PF.
Where does Frank C Wagenknecht give grants?
Frank C Wagenknecht gives mostly in Illinois: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Oglesby, IL (11 grants), Peru, IL (11 grants) and Utica, IL (5 grants).
Does Frank C Wagenknecht give general operating support?
Not in 2026: none of the 28 grants with a stated purpose on Frank C Wagenknecht's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "School Grant" (28 grants).
Who are Frank C Wagenknecht's largest grantees?
Frank C Wagenknecht's largest 2026 grantees include Sophia Woods ($5,000), Matthew Beard ($2,500) and Elia Becker ($2,500), according to its 2026 IRS Form 990-PF. Together they received 14% of its itemized 2026 grant dollars.
How large is Frank C Wagenknecht?
Frank C Wagenknecht reported $1.3M in total assets on its 2026 IRS Form 990-PF. It paid out $84K in qualifying distributions that year, against a required minimum of $71K (roughly 5% of its investment assets).
What does Frank C Wagenknecht fund?
No mission statement is provided. The 2024 filing says awards are for the top two or more GPA students at L-P High School. See mission & focus areas ↑
How do I apply for a grant from Frank C Wagenknecht?
No applications are submitted; awards are based on grades. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Frank C Wagenknecht's EIN?
Frank C Wagenknecht's EIN (Employer Identification Number) is 93-6122496. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Frank C Wagenknecht by hand.
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