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 2025. As of 2025, the organization holds $40K in total assets. In 2025, it awarded 4 grants totaling $5K. Net investment income was $3K.
Irene and Wallace D Franson Foundation at a glance
In short: Irene and Wallace D Franson Foundation gave $5K across 4 grants in 2025 (avg $1K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,500
- +350.0% vs 2024
- Grants made (2025)
- 4
- +300.0% vs 2024
- Average grant
- $1,125
- +12.5% vs 2024
- Median grant
- $1,000
- Total assets
- $39,502
- -4.4% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Irene and Wallace D Franson Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Desert Community Foundation ($2K). Together the top 4 received $5K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
Cities
How Irene and Wallace D Franson Foundation gives
- Giving fell 50% from 2022 to 2025. Method
- In 2025 it paid out 124% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $1K (2024) to $10K (2021). In 2025 it made 4 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Desert Community Foundation Palm Desert, CA | General | $1,500 |
| Eisenhower Medical Center Rancho Mirage, CA | General | $1,000 |
| New Directions Santa Barbara, CA | General | $1,000 |
| The Living Desert Palm Desert, CA | General | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $39,502 | $2,714 | $4,541 | $4,500 | 4 | $4,500 | $2,714 | $3,638 |
| 2024 | $41,329 | $1,142 | $1,130 | $1,000 | 1 | $1,000 | $1,142 | $3,588 |
| 2023 | $41,314 | $6,081 | $4,025 | $4,000 | 4 | $4,000 | $6,081 | $3,015 |
| 2022 | $39,387 | $12,129 | $9,045 | $9,000 | 8 | $9,000 | $12,129 | $3,208 |
| 2021 | $36,303 | $3,797 | $9,747 | $9,500 | 9 | $9,500 | $3,797 | $4,210 |
| 2020 | $42,353 | $6,049 | $9,395 | $8,500 | 10 | — | $6,049 | $3,691 |
Under IRS private-foundation payout rules, Irene and Wallace D Franson Foundation reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Irene and Wallace D Franson Foundation is led by Wallace D. Franson, President on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Wallace D. Franson
President
On filings since 2020
No compensation reported
Laura Spaulding
Director
On filings since 2020
No compensation reported
Linda Franson
Director
On filings since 2020
No compensation reported
Lisa Franson
Director
On filings since 2020
No compensation reported
Irene Franson
Treasurer
On filings since 2020
No compensation reported
Susan J. Ollweiler
Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Irene and Wallace D Franson Foundation
How much does Irene and Wallace D Franson Foundation give each year?
Irene and Wallace D Franson Foundation gave $5K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1K across 1 grant.
What is Irene and Wallace D Franson Foundation's typical grant size?
Irene and Wallace D Franson Foundation's median grant in 2025 was $1,000, and its average grant was $1,125, across 4 grants on its 2025 IRS Form 990-PF.
Where does Irene and Wallace D Franson Foundation give grants?
Irene and Wallace D Franson Foundation gives mostly in California: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Palm Desert, CA (2 grants).
Does Irene and Wallace D Franson Foundation give general operating support?
Yes: 100% of Irene and Wallace D Franson Foundation's 2025 grants with a stated purpose (4 of 4) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Irene and Wallace D Franson Foundation?
Irene and Wallace D Franson Foundation reported $40K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets).
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 $40K in total assets as of 2025.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
Live grants for the work Irene and Wallace D Franson Foundation funds
Crime & Legal Related Open opportunities, soonest deadline first.
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