10-1 Foundation Inc
10-1 Foundation Inc is a private foundation based in Thomasville, Georgia. Its 2024 filing lists grants to charitable organizations in several states, with general operating support identified as the purpose of many of its largest awards.
10-1 Foundation Inc at a glance
In short: 10-1 Foundation Inc gave $559K across 16 grants in 2024 (avg $35K), top state Georgia. 38% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $559,234
- -9.1% vs 2023
- Grants made (2024)
- 16
- -11.1% vs 2023
- Average grant
- $34,952
- +2.3% vs 2023
- Median grant
- $25,000
- Total assets
- $4,114,576
- -0.2% vs 2023
- New grantees (estimate)
- 38% first-time grantees (6 of 16, 2024; small sample)
- Primary geography
- Georgia (40% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to 10-1 Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 2533, Thomasville, GA 31799-2533
Phone: (404) 607-1168
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who 10-1 Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Frontier Fellowship ($150K). Together the top 10 received $531K.
Grant Size Distribution
96 grants across all recorded years
The most common grant size was under $50K: 85 grants of 96 (89%).
Geographic Focus
Where this funder awards grants
In 2024, grant dollars went to recipients in Georgia (40%), Minnesota (27%), Florida (18%), North Carolina (10%), and Washington (5%).
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
Is 10-1 Foundation Inc open to new grantees?
38%
first-time grantees, 2024
In 2024, 6 of 16 grantees (38%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $44K; repeat grants $29K. How we count
Medians: $38K first-time, $20K repeat.
- 56% of 2024 grantees were also funded in 2023. Method
- Giving grew 86% from 2021 to 2024. Method
- In 2024 it paid out 327% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $301K (2021) to $615K (2023). In 2024 it made 16 grants totaling $559K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Frontier Fellowship Richfield, MN | General Operating Fund | $150,000 |
| Friends with Jesus Inc Bainbridge, GA | General Operating Fund | $90,000 |
| Chapel at the Beach Rosemary Beach, FL | General Operating Fund | $85,000 |
| Samaritan's Purse Boone, NC | General Operating Fund | $50,000 |
| Healing for the Nations Marietta, GA | General Operating Fund | $32,000 |
| Sacred Road Ministries Harrah, WA | General Operating Fund | $30,000 |
| Next Level Training and Development Thomasville, GA | General Operating Fund | $28,734 |
| Messiah for Israel Ministries Woodstock, GA | General Operating Fund | $25,000 |
| Passion City Church Atlanta, GA | General Operating Fund | $25,000 |
| International Prostate Cancer Fnd Winter Park, FL | General Operating Fund | $15,000 |
Ready to take the next step with 10-1 Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,114,576 | $585,171 | $593,412 | $559,234 | 16 | $559,234 | $85,546 | $171,233 |
| 2023 | $4,122,817 | $1,049,763 | $627,209 | $615,280 | 18 | $615,280 | $38,710 | $144,807 |
| 2022 | $3,700,263 | $2,097,843 | $395,206 | $363,899 | 23 | $363,899 | $20,325 | $72,454 |
| 2021 | $1,997,626 | $113,885 | $320,560 | $300,572 | 21 | $300,572 | $9,969 | $73,977 |
| 2020 | $2,204,301 | $82,099 | $353,106 | $333,706 | 18 | — | $15,970 | $82,459 |
Under IRS private-foundation payout rules, 10-1 Foundation Inc reported a distributable amount of $171K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included support for organizations whose stated work ranges from Christian ministry and community programs to counseling and humanitarian aid. For example, Friends With Jesus Inc says it spreads the Gospel and partners with people to strengthen the community through free programs. Samaritan’s Purse describes its work as providing spiritual and physical aid to people around the world. Healing For The Nations says it conducts Christian counseling conferences and retreats and provides counseling to alumni.
Grantmaking
In 2024, the foundation awarded 16 grants totaling $559,234. Grants ranged from $1,000 to $150,000, with a median award of $25,000. The largest awards included $150,000 to Frontier Fellowship, $90,000 to Friends With Jesus Inc, $85,000 to Chapel at the Beach, and $50,000 to Samaritan’s Purse. The listed purposes for these awards were general operating support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Michael A Grimsley as president, and T Cole Forsyth and Brooke B Forsyth as vice presidents.
10-1 Foundation Inc is led by Michael A. Grimsley, President since 2022 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael A. Grimsley
President
CEO → President, 2022
On filings since 2020
No compensation reported
T. Cole Forsyth
Vice President
CFO & Secretary → Vice President, 2022
On filings since 2020
No compensation reported
Brooke B. Forsyth
Vice President
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 10-1 Foundation Inc
How much does 10-1 Foundation Inc give each year?
10-1 Foundation Inc gave $559K across 16 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $615K across 18 grants.
What is 10-1 Foundation Inc's typical grant size?
10-1 Foundation Inc's median grant in 2024 was $25,000, and its average grant was $34,952, across 16 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from 10-1 Foundation Inc that year got $44K on average.
Where does 10-1 Foundation Inc give grants?
10-1 Foundation Inc's top state is Georgia, with 40% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Minnesota (27%) and Florida (18%). The most frequent recipient cities were Thomasville, GA (5 grants) and Atlanta, GA (2 grants).
Does 10-1 Foundation Inc give general operating support?
Yes: 94% of 10-1 Foundation Inc's 2024 grants with a stated purpose (15 of 16) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are 10-1 Foundation Inc's largest grantees?
10-1 Foundation Inc's largest 2024 grantees include Frontier Fellowship ($150,000), Friends with Jesus Inc ($90,000) and Chapel at the Beach ($85,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is 10-1 Foundation Inc?
10-1 Foundation Inc reported $4.1M in total assets on its 2024 IRS Form 990-PF. It paid out $559K in qualifying distributions that year, against a required minimum of $171K (roughly 5% of its investment assets).
What does 10-1 Foundation Inc fund?
No mission statement for the foundation is provided. Its 2024 grants included support for organizations whose stated work ranges from Christian ministry and community programs to counseling and humanitarian aid. See mission & focus areas ↑
How do I apply for a grant from 10-1 Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is 10-1 Foundation Inc's EIN?
10-1 Foundation Inc's EIN (Employer Identification Number) is 59-3789335. IRS Form 990 filing data is available on this page for 2020–2024.
Does 10-1 Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). 10-1 Foundation Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/10-1-foundation-inc-morg_0a08cc64789c4a89a2c0eceaefaea462
BibTeX
@misc{grantable_593789335_2026,
author = {{Grantable}},
title = {{10-1 Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/10-1-foundation-inc-morg_0a08cc64789c4a89a2c0eceaefaea462},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from 10-1 Foundation Inc'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.
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