David F & Karen K Thomas Foundation
David F & Karen K Thomas Foundation is a private foundation, based in Rye, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.2M in total assets. In 2024, it awarded 2 grants totaling $200K. Net investment income was $224K.
David F & Karen K Thomas Foundation at a glance
In short: David F & Karen K Thomas Foundation gave $200K across 2 grants in 2024 (avg $100K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $200,000
- +14.3% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $100,000
- +71.4% vs 2023
- Median grant
- $100,000
- Total assets
- $4,234,291
- +0.6% vs 2023
- Primary geography
- New York (50% 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 David F & Karen K Thomas Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was The Wild Center ($100K). Together the top 2 received $200K.
Grant Size Distribution
19 grants across all recorded years
The most common grant size was under $50K: 10 grants of 19 (53%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How David F & Karen K Thomas Foundation gives
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 98% 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 2024, annual grant giving ranged from $175K (2021) to $200K (2024). In 2024 it made 2 grants totaling $200K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Wild Center Tupper Lake, NY | To help ignite passion in the adirondacks so that people and nature can thrive together and set an example for the world. | $100,000 |
| Yale University New Haven, CT | To improve the world through research, scholarship, education, preservation, and practice. | $100,000 |
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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 | $4,234,291 | $235,949 | $209,420 | $200,000 | 2 | $205,100 | $223,679 | $208,434 |
| 2023 | $4,207,762 | $113,583 | $182,067 | $175,000 | 3 | $177,950 | $174,351 | $210,249 |
| 2022 | $4,276,246 | $1,031,924 | $181,363 | $175,000 | 3 | $177,800 | $23,011 | $169,807 |
| 2021 | $3,425,685 | $4,721 | $181,374 | $175,000 | 3 | $177,844 | — | $177,402 |
| 2020 | $3,601,016 | $30,825 | $206,781 | $200,000 | 8 | — | $32,743 | $186,052 |
Under IRS private-foundation payout rules, David F & Karen K Thomas Foundation reported a distributable amount of $208K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
David F & Karen K Thomas Foundation is led by David F. Thomas, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
David F. Thomas
President
On filings since 2020
1 hr/week
No compensation reported
James N. Benedict
Secretary
On filings since 2020
1 hr/week
No compensation reported
Karen K. Thomas
Treasurer
On filings since 2020
1 hr/week
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 David F & Karen K Thomas Foundation
How much does David F & Karen K Thomas Foundation give each year?
David F & Karen K Thomas Foundation gave $200K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $175K across 3 grants.
How large is David F & Karen K Thomas Foundation?
David F & Karen K Thomas Foundation reported $4.2M in total assets on its 2024 IRS Form 990-PF. It paid out $205K in qualifying distributions that year, against a required minimum of $208K (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 David F & Karen K Thomas Foundation operate?
David F & Karen K Thomas Foundation has awarded grants in Connecticut, New York.
What is David F & Karen K Thomas Foundation's EIN?
David F & Karen K Thomas Foundation's EIN (Employer Identification Number) is 20-5681086. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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