Richard and Sara Folio Foundation Inc

OWINGS MILLS, MD EIN: 84-3313527

Richard and Sara Folio Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OWINGS MILLS, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 4 grants totaling $115K. Net investment income was $33K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.7M

+19.5% YoY

Annual Giving

$115K

+23.9% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$29K

-38.1% YoY

Under IRS private-foundation payout rules, Richard and Sara Folio Foundation Inc reported a distributable amount of $85K for 2024 — the minimum it must pay out in qualifying distributions.

About Richard and Sara Folio Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maryland $371K (100%)

States

Maryland

Cities

BaltimoreEmmitsburgHydesParkvilleTownson

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,662,963	$1,391,792	$1,269,926
Revenue	$380,679	$228,163	$175,001
Expenses	$129,711	$106,297	$92,878
Qualifying Distributions	$118,615	$96,195	$86,807
Net Investment Income	$32,560	$27,873	$23,582
Distributable Amount	$85,148	$63,107	$56,164

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

10 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Mount St Mary's University ($74,499), Saint Ursula School ($18,100), Loyola Blakefield ($12,500).

Recipient	Purpose	Amount
MOUNT ST MARY'S UNIVERSITY EMMITSBURG, MD	TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION. VARIOUS STOCKS DONATED ON 5/16105 CELH, 33 ENTG, 26 META, 90 MSFT, 10 NVO, 14 WING, 23 TSMBOOK VALUE IS $59,109COMPARABLE SALES WAS USED TO DETERMINE THE FMV AND BOOK VALUE	$74,499
SAINT URSULA SCHOOL PARKVILLE, MD	TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION	$18,100
ST JOHN'S EVANGELICAL SCHOOL HYDES, MD	TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION32 IWF STOCKS DONATED ON 4/19, BOOK VALUE IS $5,289,COMPARABLE SALES WAS USED TO DETERMINE THE FMV AND BOOK VALUE	$10,117
LOYOLA BLAKEFIELD TOWNSON, MD	TO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION	$12,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RICHARD FOLIO	PRESIDENT	2	—
SARA MACEK	VICE PRESIDENT	2	—
JOSEPH FOLIO III	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Richard and Sara Folio Foundation Inc?

Richard and Sara Folio Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OWINGS MILLS, MD. It holds $1.7M in total assets as of 2024.

How large is Richard and Sara Folio Foundation Inc?

As of 2024, Richard and Sara Folio Foundation Inc holds $1.7M in total assets with $381K in annual revenue. It awarded 4 grants totaling $115K in 2024.

Where does Richard and Sara Folio Foundation Inc operate?

Richard and Sara Folio Foundation Inc has awarded grants in Maryland.

What size grants does Richard and Sara Folio Foundation Inc award?

In 2024, Richard and Sara Folio Foundation Inc awarded 4 grants totaling $115K — an average of about $29K per grant, based on its IRS Form 990 filings.

How much is Richard and Sara Folio Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Richard and Sara Folio Foundation Inc reported a distributable amount of $85K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Richard and Sara Folio Foundation Inc's EIN?

Richard and Sara Folio Foundation Inc's EIN (Employer Identification Number) is 84-3313527. IRS Form 990 filing data is available on this page for 2020–2024.