Eugene V and Clare E Thaw
The Eugene V and Clare E Thaw Charitable Trust is a private independent grantmaking foundation based in Santa Fe, New Mexico. Originally established in 1981 in New York as a private operating foundation, it transitioned to an independent grantmaking foundation in 1994. The trust was founded by Eugene V. Thaw, a major art collector and art gallery owner whose proceeds from the sale of a van Gogh painting helped establish the foundation. The Thaws accumulated a large personal collection of hundreds of rare works of art.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$47.4M
-24.7% YoY
Annual Giving
$16.1M
-26.6% YoY
Grant Count
8
-57.9% YoY
Avg Grant Size
$2.0M
+74.4% YoY
Mission & Focus Areas
The trust supports three primary areas:
- Arts — Visual and performing arts, with particular emphasis on art museums and historic and cultural heritage organizations
- Environment and Ecology
- Animal Rights and Protection — Including animal welfare and emergency veterinary care
Art museums and historic cultural heritage organizations are the most common grant recipients and typically receive the largest grants. Environment and animal welfare organizations receive fewer grants, and those that do tend to be repeat recipients.
Grantmaking
Grant Range
s:** Individual grants have ranged from $1,000 to $18.2 million, with a median grant of $50,000 and an average award of approximately $648,000.
How to Apply
** As of July 2013, the foundation is in an inactive state and does not consider unsolicited funding requests. The foundation only makes contributions to preselected charitable organizations. The foundation does not have a website to guide grantseekers and does not invite unsolicited proposals.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- New Mexico
- New York
Secondary funding regions include Montana and organizations across 14 states total, with 69% of grants concentrated in New York, New Mexico, and Montana.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $47,385,057
- Total Revenues: $3,549,042
- Total Expenses: $16,676,875
- Number of Employees: 1
Historical Asset Growth: Total assets grew from $28.6 million in 2011 to $47.4 million in 2024.
Tax Status: 501(c)(3) organization; tax-exempt since May 1982; EIN 13-3081491
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $47,385,057 | $62,945,128 | $80,823,388 |
| Revenue | $3,549,042 | $8,399,886 | $1,056,985 |
| Expenses | $16,676,875 | $22,643,208 | $10,732,671 |
| Qualifying Distributions | $16,210,915 | $22,051,351 | $10,259,509 |
| Net Investment Income | $3,188,718 | $6,883,447 | $645,251 |
| Distributable Amount | $432,278 | $1,726,551 | $2,175,447 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Primary Contact: Katie Flanagan
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHLEEN FLANAGAN | PRESIDENT & CEO | 40 | $332,750 |
| BRIAN O'DONOGHUE | TRUSTEE | 1 | — |
| MICHAELA O'DONOGHUE | TRUSTEE | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported major cultural institutions including the Fenimore Art Museum, the Morgan Library & Museum, and the Metropolitan Museum of Art. Eugene V. Thaw was named an honorary trustee at the Metropolitan Museum in 2002 and endowed a curatorial position at the Morgan Library. The foundation continues to make significant grants to art museums for acquisitions, renovations, and curatorial positions.
Fenimore Art Museum Receives $2.5 Million to Endow Curator ...Contact Information
Mailing Address: PO Box 2422 Santa Fe, NM 87504-2422
Phone: (505) 982-7023 Fax: (505) 982-7027
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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