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Follrichs Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2023. The principal officer is Foundation Source. It holds total assets of $3.8M. Annual income is reported at $2M. Total assets have grown from $2.6M in 2022 to $3.4M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. According to available records, Follrichs Foundation has made 5 grants totaling $35K, with a median grant of $7K. Individual grants have ranged from $4K to $10K, with an average award of $7K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Nebraska. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Follrichs Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in NE.
Follrichs Foundation has distributed a total of $35K across 5 grants. The median grant size is $7K, with an average of $7K. Individual grants have ranged from $4K to $10K.
Follrichs Foundation typically selects its grantees rather than accepting unsolicited proposals.
Follrichs Foundation is headquartered in WILMINGTON, DE.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jahn Scott Kudrna | Dir, Pres, Treas | $0 | $0 | N/A |
| Kristin Kudrna | Dir, Sec | $0 | $0 | N/A |
Total Giving
$45K
Total Assets
$3.4M
Fair Market Value
$3.5M
Net Worth
$3.4M
Grants Paid
$35K
Contributions
$750K
Net Investment Income
$125K
Distribution Amount
$154K
Total: $498K
Total Grants
5
Total Giving
$35K
Average Grant
$7K
Median Grant
$7K
Unique Recipients
4
Most Common Grant
$7K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| S JacobitzScholarship Grant | Omaha, NE | $10K | 2023 |
| L DixonScholarship Grant | Lincoln, NE | $9K | 2023 |
| C CarraherScholarship Grant | Lincoln, NE | $7K | 2023 |
| B AllenScholarship Grant | Milford, NE | $4K | 2023 |