La Folie Family Foundation
La Folie Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $89K in total assets. In 2025, it made $4K in qualifying distributions. Net investment income was $4K.
La Folie Family Foundation at a glance
- Total assets
- $88,979
- -0.4% vs 2024
- Revenue (2025)
- $3,626
- -19.8% vs 2024
- Qualifying distributions (2025)
- $3,874
- -42.6% vs 2024
- Expenses (2025)
- $4,017
- -40.6% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2025 | $88,979 | $3,626 | $4,017 | $3,874 | $3,610 | $4,325 |
| 2024 | $89,370 | $4,519 | $6,762 | $6,746 | $4,503 | $4,370 |
| 2023 | $91,613 | $4,603 | $2,036 | $1,908 | $4,577 | $4,368 |
| 2022 | $89,046 | $90,847 | $3,646 | $3,638 | $839 | $2,390 |
| 2021 | $1,845 | $17 | $8,178 | $8,168 | $17 | $342 |
| 2020 | $10,006 | $10,006 | — | — | $6 | $55 |
Under IRS private-foundation payout rules, La Folie Family 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
La Folie Family Foundation is led by Michael E Patterson Sr., Director, President, Secretary & Treasurer on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Michael E Patterson Sr.
Director, President, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Elena C Patterson
Director & Vice President
On filings since 2020
1 hr/week
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 La Folie Family Foundation
How large is La Folie Family Foundation?
La Folie Family Foundation reported $89K in total assets on its 2025 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $4K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is La Folie Family Foundation's EIN?
La Folie Family Foundation's EIN (Employer Identification Number) is 85-1598361. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 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 March 9, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 5, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 24, 2026)
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