Frank C Wagenknecht
Frank C Wagenknecht is a private foundation located in La Salle, Illinois, established in March 1980. The foundation operates as an independent foundation with a specific focus on educational scholarships and school grants.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.3M
+3.1% YoY
Annual Giving
$73K
-3.3% YoY
Grant Count
29
+0.0% YoY
Avg Grant Size
$3K
-3.3% YoY
Mission & Focus Areas
The foundation's primary purpose is to award scholarships to students from LaSalle-Peru High School in Illinois, specifically targeting students with the top two grade point averages (GPAs). The foundation primarily funds school grants and educational initiatives.
Grantmaking
The foundation made 30 grants in its most recent fiscal year. Based on available financial data, the foundation distributed $75,000 in total giving during the 2024 fiscal year. The foundation maintains a consistent grantmaking practice focused on educational scholarships and school-related grants.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in La Salle, Illinois, with a specific emphasis on supporting students from LaSalle-Peru High School.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending May 2025:
- Total Assets: $1,320,893
- Total Revenues: $126,770
- Total Expenses: $87,222
- Investment Income and Dividends: $60,119
- Net Gain from Sale of Non-Inventory Assets: $66,651
As of Fiscal Year Ending May 2024:
- Total Revenues: $51,087
- Investment Income and Dividends: $48,559
The foundation's revenues increased 148.1% year-over-year, driven primarily by investment income and gains from asset sales.
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,320,893 | $1,281,345 | $1,322,991 |
| Revenue | $126,770 | $51,087 | $149,542 |
| Expenses | $87,222 | $92,733 | $94,064 |
| Qualifying Distributions | $80,670 | $83,717 | $85,951 |
| Net Investment Income | $120,305 | $44,819 | $143,190 |
| Distributable Amount | $74,677 | $63,491 | $63,027 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
146 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Hometown National Bank | Trustee | — | $12,930 |
Contact Information
Address: 260 Bucklin Street, La Salle, IL 61301-2344
Telephone: 815-223-7300
EIN: 93-6122496
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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