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
Under IRS private-foundation payout rules, Frank C Wagenknecht reported a distributable amount of $75K for 2025 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2025 grants, the largest include Lea Selquist ($2,500), Adam Sarabia ($2,500), Nick Hancock ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Lea Selquist Peru, IL | School Grant | $2,500 |
| Adam Sarabia La Salle, IL | School Grant | $2,500 |
| Nick Hancock Oglesby, IL | School Grant | $2,500 |
| Tyler Hartman Utica, IL | School Grant | $2,500 |
| Amanda Burkart Peru, IL | School Grant | $2,500 |
| Jonathan Johnson Tonica, IL | School Grant | $2,500 |
| Olivia Woods Oglesby, IL | School Grant | $2,500 |
| Matthew Beard Utica, IL | School Grant | $2,500 |
| Elia Becker Peru, IL | School Grant | $2,500 |
| Addison Ernat Peru, IL | School Grant | $2,500 |
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
Frequently Asked Questions
What does Frank C Wagenknecht fund?
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.
How do I apply for a grant from Frank C Wagenknecht?
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.
Where does Frank C Wagenknecht make grants?
The foundation's grantmaking is concentrated in La Salle, Illinois, with a specific emphasis on supporting students from LaSalle-Peru High School.
What size grants does Frank C Wagenknecht award?
In 2025, Frank C Wagenknecht awarded 29 grants totaling $73K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Frank C Wagenknecht required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Frank C Wagenknecht reported a distributable amount of $75K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2025.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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