Larson Family Foundation Inc

Private foundation · Grantmaker Parsippany, NJ EIN: 31-1494115

Larson Family Foundation Inc is a private foundation, based in Parsippany, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.2M in total assets. In 2025, it awarded 1 grant totaling $35K. Net investment income was $64K.

Larson Family Foundation Inc at a glance

In short: Larson Family Foundation Inc gave $35K across 1 grant in 2025 (avg $35K), mostly in Utah. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$35,000
-70.6% vs 2024
Grants made (2025)
1
-75.0% vs 2024
Average grant
$35,000
+17.6% vs 2024
Median grant
$35,000
Total assets
$2,213,685
+1.1% vs 2024
Primary geography
Utah (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 Larson Family Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top recipient in 2025

University of Utah: $35KUniversity of Utah$35K

The largest 2025 recipient was University of Utah ($35K).

Grant Size Distribution

39 grants across all recorded years

32<$50K3$50–100K3$100–250K$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 32 grants of 39 (82%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

14states

Share of the 2025 grant dollars on its one itemized grant.

Cities

PhoenixScottsdaleEvanstonAtlantaColorado SpringsGrove CityCarlsbadHillsdaleSalt LAke CitySouth OrangeTempeBethlehemBooneBridgewaterChapel HillLos AltosMesaMillertonNew YorkNewark

How Larson Family Foundation Inc gives

  • Giving fell 72% from 2022 to 2025. Method
  • In 2025 it paid out 21% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

$0$500K$1M$1.5M20 grants2020 12 grants2021 14 grants2022 8 grants2023 4 grants2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $35K (2025) to $1.3M (2021). In 2025 it made 1 grant totaling $35K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
University of Utah Salt LAke City, UTGeneral Support$35,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$2,213,685$106,017$82,638$35,0001$39,588$63,734$187,457
2024$2,190,307$142,824$164,079$119,0004$122,853$104,242$177,529
2023$2,211,562$184,829$336,771$295,7508$299,046$149,883$159,681
2022$2,363,504$237,317$178,186$125,50014$132,100$196,320$170,598
2021$2,304,373$277,753$1,352,953$1,309,99612—$244,387$203,208
2020$3,111,664$69,120$707,694$654,78020—$92,683$214,623

Under IRS private-foundation payout rules, Larson Family Foundation Inc reported a distributable amount of $187K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Larson Family Foundation Inc is led by Wayne Boote, Co-President & Trustee since 2021 (on filings since 2020); none of the 4 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Wayne Boote

    Co-President & Trustee

    Trustee → Co-President & Trustee, 2021

    On filings since 2020

    No compensation reported

  • Ryan Artigues

    Co-President & Trustee

    On filings since 2021

    No compensation reported

  • Dana Larson Boote

    Secretary & Trustee

    Secretary, Treasurer & Trustee → Secretary & Trustee, 2021

    On filings since 2020

    No compensation reported

  • Philip J Siana

    Treasurer & Trustee

    Trustee → Treasurer & Trustee, 2023

    On filings since 2020

    No compensation reported

Former officers (2)
  • Former: Peter N. Larson (2020–2022) — Treasurer & Trustee
  • Former: Maryle A. Larson (2020) — President & Trustee

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 Larson Family Foundation Inc

How much does Larson Family Foundation Inc give each year?

Larson Family Foundation Inc gave $35K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $119K across 4 grants.

How large is Larson Family Foundation Inc?

Larson Family Foundation Inc reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $187K (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.

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 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 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(7)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS July 20, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS February 26, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 28, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 26, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS February 22, 2025)
  6. Updated Form 990-PF for fiscal year 2025 (received by the IRS January 29, 2026)
  7. IRS filings on file for fiscal years 2020–2025

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Larson Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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