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Richard And Sara Folio Foundation Inc. is a private corporation based in OWINGS MILLS, MD. The foundation received its IRS ruling in 2020. It holds total assets of $1.7M. Annual income is reported at $521K. Total assets have grown from $435K in 2019 to $1.4M in 2023. The foundation is governed by 3 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 2020 to 2023. According to available records, Richard And Sara Folio Foundation Inc. has made 5 grants totaling $181K, with a median grant of $18K. Annual giving has grown from $3K in 2020 to $93K in 2023. Individual grants have ranged from $3K to $75K, with an average award of $36K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Maryland. 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.
Richard And Sara Folio Foundation Inc. 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 MD.
Richard And Sara Folio Foundation Inc. has distributed a total of $181K across 5 grants. The median grant size is $18K, with an average of $36K. Individual grants have ranged from $3K to $75K.
Richard And Sara Folio Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Richard And Sara Folio Foundation Inc. is headquartered in OWINGS MILLS, MD.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sara Macek | VICE PRESIDENT | $0 | $0 | N/A |
| Joseph Folio Iii | DIRECTOR | $0 | $0 | N/A |
| Richard Folio | PRESIDENT | $0 | $0 | N/A |
Total Giving
$106K
Total Assets
$1.4M
Fair Market Value
$1.6M
Net Worth
$1.4M
Grants Paid
$93K
Contributions
$246K
Net Investment Income
$28K
Distribution Amount
$63K
Total Grants
5
Total Giving
$181K
Average Grant
$36K
Median Grant
$18K
Unique Recipients
4
Most Common Grant
$75K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mount St Mary'S UniversityTO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | Emmitsburg, MD | $75K | 2023 |
| Saint Ursula SchoolTO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | Parkville, MD | $18K | 2023 |
| Mercy High SchoolTO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | Baltimore, MD | $75K | 2022 |
| St John'S Evangelical SchoolTO HELP FUND THE PROGRAMS OF THIS 501(C)(3) ORGANIZATION | Hydes, MD | $10K | 2022 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD