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
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:
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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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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