Irene and Wallace D Franson Foundation
Irene and Wallace D Franson Foundation is a private foundation focused on Crime & Legal Related, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $41K in total assets. In 2024, it awarded 1 grants totaling $1K. Net investment income was $1K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$41K
+0.0% YoY
Annual Giving
$1K
-75.0% YoY
Grant Count
1
-75.0% YoY
Avg Grant Size
$1K
+0.0% YoY
Under IRS private-foundation payout rules, Irene and Wallace D Franson Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Irene and Wallace D Franson Foundation
Based on IRS filings
Irene and Wallace D Franson Foundation is a private foundation focused on Crime & Legal Related, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $41K in total assets. In 2024, it awarded 1 grants totaling $1K. Net investment income was $1K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $41,329 | $41,314 | $39,387 |
| Revenue | $1,142 | $6,081 | $12,129 |
| Expenses | $1,130 | $4,025 | $9,045 |
| Qualifying Distributions | $1,000 | $4,000 | $9,000 |
| Net Investment Income | $1,142 | $6,081 | $12,129 |
| Distributable Amount | $3,588 | $3,015 | $3,208 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Directions ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW DIRECTIONS SANTA BARBARA, CA | GENERAL | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WALLACE D FRANSON | PRESIDENT | — | — |
| IRENE FRANSON | TREASURER | — | — |
| SUSAN J OLLWEILER | SECRETARY | — | — |
| LAURA SPAULDING | DIRECTOR | — | — |
| LINDA FRANSON | DIRECTOR | — | — |
| LISA FRANSON | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Irene and Wallace D Franson Foundation?
Irene and Wallace D Franson Foundation is a private foundation focused on Crime & Legal Related, based in LOS ANGELES, CA. It holds $41K in total assets as of 2024.
How large is Irene and Wallace D Franson Foundation?
As of 2024, Irene and Wallace D Franson Foundation holds $41K in total assets with $1K in annual revenue. It awarded 1 grants totaling $1K in 2024.
Where does Irene and Wallace D Franson Foundation operate?
Irene and Wallace D Franson Foundation has awarded grants in California, Colorado, District of Columbia, Florida, Minnesota, Missouri, New York, Texas.
What size grants does Irene and Wallace D Franson Foundation award?
In 2024, Irene and Wallace D Franson Foundation awarded 1 grants totaling $1K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Irene and Wallace D Franson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Irene and Wallace D Franson Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Irene and Wallace D Franson Foundation's EIN?
Irene and Wallace D Franson Foundation's EIN (Employer Identification Number) is 95-4686422. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.