The Folsom Family Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 35-2767981

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

3states

Share of 2023 grant dollars across all 4 itemized grants.

Cities

Agoura HillsNew YorkSan FranciscoSt Augustine

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2022 4 grants2023

In 2023 it made 4 grants totaling $340K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2023

International Care Ministries: $200KInternational Care Ministries$200KRoom to Read: $100KRoom to Read$100KYoung Investors Society: $25KYoung Investors Society$25KAsian University for Women: $15KAsian University for Women$15K

The largest 2023 recipient was International Care Ministries ($200K). Together the top 4 received $340K.

Grant Size Distribution

4 grants across all recorded years

2<$50K$50–100K2$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 4 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
International Care Ministries St Augustine, FLGeneral Support$200,000
Room to Read San Francisco, CAGeneral Support$100,000
Young Investors Society Agoura Hills, CAGeneral Support$25,000
Asian University for Women New York, NYGeneral Support$15,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2022 2023
Metric20232022
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

  1. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 7, 2023)
  2. Added Form 990-PF for fiscal year 2023 (received by the IRS May 7, 2026)
  3. 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.

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