Add a capability to group my Favorite Filters into Folders

Would like a capability to group my Favorite Filters into Folders to better manage them by a release version, group, etc..
So when I display my Favorite Filters on the Dashboard instead of seeing 25 different filters I can see "Favorite Filter Folders"
(when I click on Folder name I then see a list of similar filters in) and maybe one or two filters by themselves that I didn't assign to a folder.

EXAMPLE of a possible Folder structure with filters:
Folder 1 (Release v1.0)
Filter 1
Filter 2
Filter 3
Filter 4
Folder 2 (Release v2.0)
Filter 1
Filter 2
Filter 3
Folder 3 (Release v2.1)
Filter 1
Folder 4 (Workflow Statuses)
CREATED
CCB
DEV_QUEUE
ASSIGNED
WORKING
BUILD_READY
TEST_READY
VERIFIED
Filter ABCDEF
Filter XYZ