La Folie Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $89K in total assets. In 2024, it made $7K in qualifying distributions. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$89K
-2.4% YoY
Revenue
$5K
-1.8% YoY
Qualifying Distributions
$7K
+253.6% YoY
Expenses
$7K
+232.1% YoY
Under IRS private-foundation payout rules, La Folie Family Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About La Folie Family Foundation
Based on IRS filings
La Folie Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $89K in total assets. In 2024, it made $7K in qualifying distributions. Net investment income was $5K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $89,370 | $91,613 | $89,046 |
| Revenue | $4,519 | $4,603 | $90,847 |
| Expenses | $6,762 | $2,036 | $3,646 |
| Qualifying Distributions | $6,746 | $1,908 | $3,638 |
| Net Investment Income | $4,503 | $4,577 | $839 |
| Distributable Amount | $4,370 | $4,368 | $2,390 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elena C Patterson | Dir, VP | 1 | — |
| Michael E Patterson Sr | Dir, Pres, Sec, Treas | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is La Folie Family Foundation?
La Folie Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $89K in total assets as of 2024.
How large is La Folie Family Foundation?
As of 2024, La Folie Family Foundation holds $89K in total assets with $5K in annual revenue.
How much is La Folie Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, La Folie Family Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in La Folie Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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