Carl Thoele Family Foundation

INDIANAPOLIS, IN EIN: 35-2077047

Carl Thoele Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$577K

-11.9% YoY

Annual Giving

$40K

+14.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$6K

+14.3% YoY

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.

About Carl Thoele Family Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $135K (93%)

Virginia $10K (7%)

States

Indiana Virginia

Cities

BedfordIndianapolisKokomoVirginia BeachWest Lafayette

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$577,273	$655,399	$709,450
Revenue	$17,715	$48,443	$-31,509
Expenses	$96,939	$41,374	$47,510
Qualifying Distributions	$40,500	$35,600	$40,000
Net Investment Income	$14,198	$42,916	$16,671
Distributable Amount	$34,326	$35,205	$36,904

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Baptist Student Foundation at Purdue Inc ($10,000), Edna Martin Christian Center ($5,000), Salvation Army ($5,000).

Recipient	Purpose	Amount
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
BAPTIST STUDENT FOUNDATION AT PURDUE INC WEST LAFAYETTE, IN	GENERAL FUND	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CARL THOELE	TRUSTEE	20	$50,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Carl Thoele Family Foundation?

Carl Thoele Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in INDIANAPOLIS, IN. It holds $577K in total assets as of 2024.

How large is Carl Thoele Family Foundation?

As of 2024, Carl Thoele Family Foundation holds $577K in total assets with $18K in annual revenue. It awarded 7 grants totaling $40K in 2024.

Where does Carl Thoele Family Foundation operate?

Carl Thoele Family Foundation has awarded grants in Indiana, Virginia.

What size grants does Carl Thoele Family Foundation award?

In 2024, Carl Thoele Family Foundation awarded 7 grants totaling $40K — an average of about $6K per grant, based on its IRS Form 990 filings.

How much is Carl Thoele Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Carl Thoele Family Foundation reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.