Carl Thoele Family Foundation
Carl Thoele Family Foundation is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $577K in total assets. In 2024, it awarded 7 grants totaling $40K. Net investment income was $14K.
Carl Thoele Family Foundation at a glance
In short: Carl Thoele Family Foundation gave $40K across 7 grants in 2024 (avg $6K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,000
- +14.3% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $5,714
- +14.3% vs 2023
- Median grant
- $5,000
- Total assets
- $577,273
- -11.9% vs 2023
- Primary geography
- Indiana (88% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Carl Thoele Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Baptist Student Foundation at Purdue Inc ($10K). Together the top 7 received $40K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How Carl Thoele Family Foundation gives
- Giving grew 33% from 2021 to 2024. Method
- In 2024 it paid out 118% of its IRS minimum distribution (the 5% rule). 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 2021 to 2024, annual grant giving ranged from $30K (2021) to $40K (2024). In 2024 it made 7 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Baptist Student Foundation at Purdue Inc West Lafayette, IN | General Fund | $10,000 |
| Edna Martin Christian Center Indianapolis, IN | Operations | $5,000 |
| Salvation Army Indianapolis, IN | Operations | $5,000 |
| Indian Creek Baptist Camp Bedford, IN | Operations | $5,000 |
| Kokomo Park Band Kokomo, IN | Operations | $5,000 |
| Wheeler Mission Indianapolis, IN | Operations | $5,000 |
| Navy Seal Foundation Virginia Beach, VA | General Fund | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $577,273 | $17,715 | $96,939 | $40,000 | 7 | $40,500 | $14,198 | $34,326 |
| 2023 | $655,399 | $48,443 | $41,374 | $35,000 | 7 | $35,600 | $42,916 | $35,205 |
| 2022 | $709,450 | $-31,509 | $47,510 | $40,000 | 6 | $40,000 | $16,671 | $36,904 |
| 2021 | $789,560 | $76,704 | $37,633 | $30,000 | 5 | $30,000 | $76,704 | $37,861 |
Under IRS private-foundation payout rules, Carl Thoele Family Foundation reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carl Thoele Family Foundation is led by Carl Thoele, Trustee on every filing since 2021 — the only officer listed, and compensated.
Officers on the 2024 filing
Carl Thoele
Trustee
On filings since 2021
20 hrs/week
$50K (2024)
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $50K, to Carl Thoele (Trustee).
Frequently asked questions about Carl Thoele Family Foundation
How much does Carl Thoele Family Foundation give each year?
Carl Thoele Family Foundation gave $40K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $35K across 7 grants.
What is Carl Thoele Family Foundation's typical grant size?
Carl Thoele Family Foundation's median grant in 2024 was $5,000, and its average grant was $5,714, across 7 grants on its 2024 IRS Form 990-PF.
Where does Carl Thoele Family Foundation give grants?
Carl Thoele Family Foundation gives mostly in Indiana: 88% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (13%). The most frequent recipient cities were Indianapolis, IN (3 grants).
Does Carl Thoele Family Foundation give general operating support?
Yes: 29% of Carl Thoele Family Foundation's 2024 grants with a stated purpose (2 of 7) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Operations" (5 grants).
Who are Carl Thoele Family Foundation's largest grantees?
Carl Thoele Family Foundation's largest 2024 grantees include Baptist Student Foundation at Purdue Inc ($10,000), Edna Martin Christian Center ($5,000) and Salvation Army ($5,000), according to its 2024 IRS Form 990-PF. Together they received 50% of its itemized 2024 grant dollars.
How large is Carl Thoele Family Foundation?
Carl Thoele Family Foundation reported $577K in total assets on its 2024 IRS Form 990-PF. It paid out $41K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
What is Carl Thoele Family Foundation's EIN?
Carl Thoele Family Foundation's EIN (Employer Identification Number) is 35-2077047. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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