The Folsom Family Foundation
The Folsom Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $3.7M in total assets. In 2023, it awarded 4 grants totaling $340K. Net investment income was $212K.
Key facts about The Folsom Family Foundation
In short: The Folsom Family Foundation gave $340K across 4 grants in 2023 (avg $85K), mostly in Florida. Source: 2023 IRS Form 990-PF.
- EIN
- 35-2767981
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $340,000
- Grants made (2023)
- 4
- Average grant
- $85,000
- Median grant
- $62,500
- Total assets
- $3,661,602
- Primary geography
- Florida (59% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated October 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$3.7M
+78.3% YoY
Annual Giving
$340K
Grant Count
4
Avg Grant Size
$85K
Under IRS private-foundation payout rules, The Folsom Family Foundation reported a distributable amount of $184K for 2023 — the minimum it must pay out in qualifying distributions.
How The Folsom Family Foundation gives
- In 2023 it paid out 187% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 4 grants totaling $340K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
The largest 2023 recipient was International Care Ministries ($200K). Together the top 4 received $340K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 2 grants of 4 (50%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| International Care Ministries St Augustine, FL | General Support | $200,000 |
| Room to Read San Francisco, CA | General Support | $100,000 |
| Young Investors Society Agoura Hills, CA | General Support | $25,000 |
| Asian University for Women New York, NY | General Support | $15,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 |
|---|---|---|
| Total Assets | $3,661,602 | $2,053,488 |
| Revenue | $3,947,268 | $2,053,488 |
| Expenses | $527,438 | — |
| Qualifying Distributions | $343,949 | — |
| Net Investment Income | $211,560 | — |
| Distributable Amount | $183,874 | $550 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
- Added Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2026)
- IRS filings on file for fiscal year 2022
Leadership & Key People
Officers and directors from IRS filings
The Folsom Family Foundation is led by Richard Lee Folsom, President, Secretary & Treasurer on every filing since 2022 — the only officer listed, and uncompensated.
Officers on the 2023 filing
Richard Lee Folsom
President, Secretary & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2023. "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 The Folsom Family Foundation
How much does The Folsom Family Foundation give each year?
The Folsom Family Foundation gave $340K across 4 grants in 2023, according to its 2023 IRS Form 990-PF.
What is The Folsom Family Foundation's typical grant size?
The Folsom Family Foundation's median grant in 2023 was $62,500, and its average grant was $85,000, across 4 grants on its 2023 IRS Form 990-PF.
Where does The Folsom Family Foundation give grants?
The Folsom Family Foundation gives mostly in Florida: 59% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The next largest state was California (37%).
Does The Folsom Family Foundation give general operating support?
Yes: 100% of The Folsom Family Foundation's 2023 grants with a stated purpose (4 of 4) were for general or operating support, per its 2023 IRS Form 990-PF.
How large is The Folsom Family Foundation?
The Folsom Family Foundation reported $3.7M in total assets on its 2023 IRS Form 990-PF. It paid out $344K in qualifying distributions that year, against a required minimum of $184K (roughly 5% of its investment assets).
What is The Folsom Family Foundation's EIN?
The Folsom Family Foundation's EIN (Employer Identification Number) is 35-2767981. IRS Form 990 filing data is available on this page for 2022–2023.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The Folsom Family Foundation by hand.
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