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.
The Folsom Family Foundation at a glance
In short: The Folsom Family Foundation gave $340K across 4 grants in 2023 (avg $85K), mostly in Florida. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $340,000
- Grants made (2023)
- 4
- Average grant
- $85,000
- Median grant
- $62,500
- Total assets
- $3,661,602
- +78.3% vs 2022
- Primary geography
- Florida (59% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated October 2026.
Who The Folsom Family Foundation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2023 it made 4 grants totaling $340K.
Grants by year
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 |
Ready to take the next step with The Folsom Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | $3,661,602 | $3,947,268 | $527,438 | $340,000 | 4 | $343,949 | $211,560 | $183,874 |
| 2022 | $2,053,488 | $2,053,488 | — | — | — | — | — | $550 |
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.
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.
Data update history
(3)
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
Live grants for the work The Folsom Family Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The Folsom Family Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common
Hope Jensen Leichter
La Jolla, CA
Assets
$188K
Grants
1
Total Given
$11K
Empowerment Foundation
Simpsonville, KY
Assets
$6.2M
Grants
3
Total Given
$58K
Jane W and David M Stone Charitable
Chicago, IL
The foundation supports a varied mix of charitable organizations, including health care, churches, arts, disability services, literacy, and education groups. Its 2025 grants ranged from $2,500 to $315,000, with a median of $42,500, and went mainly to organizations in Illinois and New York, with a small share in California. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$10.2M
Grants
10
Total Given
$703K
Fredrick H Barth Foundation
Holladay, UT
The Fredrick H Barth Foundation supports charitable organizations working in areas such as education, homelessness, children’s mental health, youth and family support, and humanitarian aid, primarily in Utah. Its 2025 grants ranged from $5,000 to $35,000, with a median of $35,000; it also gave 10% of grant dollars to organizations in Washington, DC. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$5.2M
Grants
14
Total Given
$365K
Stacy R Jacobs Foundation
San Diego, CA
The foundation funds preselected charitable organizations working in areas including health care, research, youth and family wellbeing, arts, and community development. In 2024, it made 16 grants ranging from $202 to $350,000, with a median of $6,625; 98% of grant dollars went to California and 2% to New York. It does not accept unsolicited funding requests.
Assets
$341K
Grants
16
Total Given
$871K
RISE8 Foundation
Hunt Valley, MD
RISE8 Foundation supports education, literacy, family learning, and philanthropy, with 2024 grants ranging from $1,000 to $10.325 million and a median grant of $205,000. Its 2024 funding primarily went to organizations in Pennsylvania and California, with additional grants elsewhere in the U.S. and to an international recipient. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$342.5M
Grants
16
Total Given
$15.3M
More similar funders
More Funders in Delaware
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Folsom Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
The Folsom Family Foundation down — hundreds of funders to go?