Albert and Ruth Thomas Scholarship Fund
Albert and Ruth Thomas Scholarship Fund is a private foundation, based in Hingham, MA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $28K in total assets. In 2025, it made $2K in qualifying distributions.
Albert and Ruth Thomas Scholarship Fund at a glance
- Total assets
- $28,121
- -12.8% vs 2024
- Revenue (2025)
- $2,643
- -10.1% vs 2024
- Qualifying distributions (2025)
- $2,187
- -12.9% vs 2024
- Expenses (2025)
- $6,764
- +4.3% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Albert and Ruth Thomas Scholarship Fund funds
How this funder distributes its grants
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Albert and Ruth Thomas Scholarship Fund gives
- Giving fell 23% from 2020 to 2023. Method
- In 2025 it paid out 43% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
From 2020 to 2023, annual grant giving ranged from $3K (2022) to $7K (2020). In 2023 it made 1 grant totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northeastern University Boston, MA | Scholarship | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $28,121 | $2,643 | $6,764 | — | — | $2,187 | — | $5,119 |
| 2024 | $32,262 | $2,940 | $6,485 | — | — | $2,510 | — | $4,607 |
| 2023 | $36,131 | $3,007 | $11,149 | $5,000 | 1 | $7,342 | — | $4,793 |
| 2022 | $42,353 | $3,121 | $9,025 | $3,000 | 3 | $5,634 | — | $6,396 |
| 2021 | $49,687 | $3,912 | $10,781 | $5,500 | 4 | $7,888 | $1,027 | $6,760 |
| 2020 | $54,018 | $4,372 | $11,434 | $6,500 | 4 | — | $1,659 | $6,265 |
Under IRS private-foundation payout rules, Albert and Ruth Thomas Scholarship Fund reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Albert and Ruth Thomas Scholarship Fund is led by Patrick T Maddigan, Trustee on every filing since 2024 — the only officer listed, and compensated.
Officers on the 2025 filing
Patrick T Maddigan
Trustee
On filings since 2024
1 hr/week
$3K (2024) → $3K (2025)
Former officers (1)
- Former: Thomas A. Maddigan (2020–2023) — Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $3K, to Patrick T Maddigan (Trustee).
Frequently asked questions about Albert and Ruth Thomas Scholarship Fund
How large is Albert and Ruth Thomas Scholarship Fund?
Albert and Ruth Thomas Scholarship Fund reported $28K in total assets on its 2025 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Albert and Ruth Thomas Scholarship Fund operate?
Albert and Ruth Thomas Scholarship Fund has awarded grants in California, Delaware, Indiana, Massachusetts.
What is Albert and Ruth Thomas Scholarship Fund's EIN?
Albert and Ruth Thomas Scholarship Fund's EIN (Employer Identification Number) is 04-6392636. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 6, 2026)
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