Larson Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 4 grants totaling $119K. Net investment income was $104K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-1.0% YoY
Annual Giving
$119K
-59.8% YoY
Grant Count
4
-50.0% YoY
Avg Grant Size
$30K
-19.5% YoY
Under IRS private-foundation payout rules, Larson Family Foundation Inc reported a distributable amount of $178K for 2024 — the minimum it must pay out in qualifying distributions.
About Larson Family Foundation Inc
Based on IRS filings
Larson Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 4 grants totaling $119K. Net investment income was $104K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,190,307 | $2,211,562 | $2,363,504 |
| Revenue | $142,824 | $184,829 | $237,317 |
| Expenses | $164,079 | $336,771 | $178,186 |
| Qualifying Distributions | $122,853 | $299,046 | $132,100 |
| Net Investment Income | $104,242 | $149,883 | $196,320 |
| Distributable Amount | $177,529 | $159,681 | $170,598 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Evanston Boys & Girls Club ($50,000), University of Utah ($30,000), Arizona Musicfest ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Arizona Musicfest Scottsdale, AZ | General Support | $25,000 |
| CAre and Share Food Bank Colorado Springs, CO | General Support | $14,000 |
| Evanston Boys & Girls Club Evanston, WY | General Support | $50,000 |
| University of Utah Salt LAke City, UT | General Support | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Wayne Boote | Co-President/Trustee | — | — |
| Dana Larson Boote | Secretary/Trustee | — | — |
| Philip J Siana | Treasurer/Trustee | — | — |
| Ryan Artigues | Co-President/Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Larson Family Foundation Inc?
Larson Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MORRISTOWN, NJ. It holds $2.2M in total assets as of 2024.
How large is Larson Family Foundation Inc?
As of 2024, Larson Family Foundation Inc holds $2.2M in total assets with $143K in annual revenue. It awarded 4 grants totaling $119K in 2024.
Where does Larson Family Foundation Inc operate?
Larson Family Foundation Inc has awarded grants in Arizona, California, Colorado, Connecticut, District of Columbia, Georgia, Michigan, North Carolina, New Jersey, New York, Pennsylvania, Utah, Virginia, Wyoming.
What size grants does Larson Family Foundation Inc award?
In 2024, Larson Family Foundation Inc awarded 4 grants totaling $119K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is Larson Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Larson Family Foundation Inc reported a distributable amount of $178K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Larson Family Foundation Inc's EIN?
Larson Family Foundation Inc's EIN (Employer Identification Number) is 31-1494115. 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.
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