Maud Glover Folsom Foundation Inc
The Maud Glover Folsom Foundation Inc. is a private foundation established to provide financial aid to young men of German and Northern European descent. Created by Charles Stuart Folsom in honor of his wife, Maud Glover Folsom, the foundation was conceived on July 20, 1943, upon Maud's passing, and became active in 1957 following Charles's death. The foundation is based in Simsbury, Connecticut, and has been tax-exempt since January 1961.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.2M
-4.2% YoY
Annual Giving
$818K
-16.5% YoY
Grant Count
91
-11.7% YoY
Avg Grant Size
$9K
-5.5% YoY
Under IRS private-foundation payout rules, Maud Glover Folsom Foundation Inc reported a distributable amount of $636K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary mission is to provide financial aid to young men of German and Northern European descent for educational purposes. The foundation focuses specifically on:
- Educational scholarships for male students of American ancestry with Anglo-Saxon or German descent
- Support for students between the ages of 14 and 19 (ineligible to apply upon reaching age 20)
- Continuation of annual grants for grantees who maintain a C-plus average or better while pursuing their education
Grantmaking
How to Apply
** The foundation requires applicants to:
Ready to take the next step with Maud Glover Folsom Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation operates primarily in Connecticut, with interviews conducted in the Hartford area. The foundation's administrative offices are located in New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets: $12,198,751 (as of 2024)
Annual Giving: $320,000 (2024)
Revenue: $436,587 (2024)
- Investment income and dividends: $134,600
- Net gain from sale of non-inventory assets: $301,394
Expenses: $400,656 (2024)
Employees: 0 full-time employees
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,162,820 | $12,699,629 | $6,124,339 |
| Revenue | $1,218,216 | $7,056,569 | $727,156 |
| Expenses | $1,755,025 | $1,274,265 | $802,834 |
| Qualifying Distributions | $955,444 | $1,115,780 | $680,986 |
| Net Investment Income | $449,168 | $6,878,970 | $546,504 |
| Distributable Amount | $636,232 | $450,837 | $709,262 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
108 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Logan Blair ($14,500), Aidan D Smith ($9,500), Alexander M Foster ($9,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AIDAN D SMITH SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| ALEXANDER M FOSTER SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| ASA N BRADLEY SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| BENJAMIN DOERINGER-SMITH SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| BENJAMIN WARNER SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| LOGAN BLAIR SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $14,500 |
| BRADEN MOORE SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| BRANDON BLACK SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| BRANDON SCHNELL SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
| BRENDAN R KLEINLE SIMSBURY, CT | SCHOLARSHIP RECIPIENT | $9,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- William F. Austin - Trustee and Treasurer (compensation: $22,500 as of 2025)
- Richard Dias - Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD DIAS | SECRETARY | 20 | $22,500 |
| CHARLES LEONARD | PRESIDENT | 20 | $22,500 |
| WILLIAM F AUSTIN | TREASURER | 20 | $22,500 |
Contact Information
Mailing Address: Maud Glover Folsom Foundation, Inc. c/o Wind and Wind, Inc. 29 West 46th St, 3rd Floor New York, NY 10036
Connecticut Address: Maud Glover Folsom Foundation, Inc. c/o William F. Austin, Trustee 7 Beldenwood Road Simsbury, CT 06070
Telephone: 860-729-7498
Frequently Asked Questions
What does Maud Glover Folsom Foundation Inc fund?
The foundation's primary mission is to provide financial aid to young men of German and Northern European descent for educational purposes. The foundation focuses specifically on: • Educational scholarships for male students of American ancestry with Anglo-Saxon or German descent • Support for students between the ages of 14 and 19 (ineligible to apply upon reaching age 20) • Continuation of annual grants for grantees who maintain a C-plus average or better while pursuing their education
How do I apply for a grant from Maud Glover Folsom Foundation Inc?
**Grant Amounts:** Annual grants of $5,000 per year are available, with the potential for continuation through doctoral studies provided the grantee maintains a C-plus average or better. **Application Process:** The foundation requires applicants to: • Submit a recent photo ID • Read the Foundation Handbook • Be available for a personal interview in the Hartford, Connecticut area or participate in a phone or online interview • Complete and mail the application with all pertinent materials to th…
Where does Maud Glover Folsom Foundation Inc make grants?
The foundation operates primarily in Connecticut, with interviews conducted in the Hartford area. The foundation's administrative offices are located in New York.
What size grants does Maud Glover Folsom Foundation Inc award?
In 2024, Maud Glover Folsom Foundation Inc awarded 91 grants totaling $818K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Maud Glover Folsom Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Maud Glover Folsom Foundation Inc reported a distributable amount of $636K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Maud Glover Folsom Foundation Inc's EIN?
Maud Glover Folsom Foundation Inc's EIN (Employer Identification Number) is 11-1965890. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.