Gladys M Thomas Testamentary Trust
Gladys M Thomas Testamentary Trust is a private foundation based in Point Pleasant, New Jersey. In 2024, it reported 10 grants totaling $32,000, supporting organizations including community-service, environmental, and scholarship recipients.
Gladys M Thomas Testamentary Trust at a glance
In short: Gladys M Thomas Testamentary Trust gave $32K across 10 grants in 2024 (avg $3K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $32,000
- +16.4% vs 2023
- Grants made (2024)
- 10
- +25.0% vs 2023
- Average grant
- $3,200
- -6.9% vs 2023
- Median grant
- $2,000
- Total assets
- $500,007
- +8.9% vs 2023
- Primary geography
- New Jersey (84% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Gladys M Thomas Testamentary Trust
- Accepts unsolicited proposals
- No
- How to Apply
-
The filing says the Trust does not accept unsolicited requests; unsolicited grant requests will not be responded to. Applicants must submit proof of tax-exempt 501(c)(3) status. The filing says the Trust does not restrict giving to preselected organizations.
- Review Cycle
- None at this time, according to the filing.
- Deadline
- None at this time, according to the filing.
- Contact
Application contact: Peter D Kearns Esq
Mailing address: PO Box 730, Point Pleasant, NJ 08742
Phone: (732) 996-5904
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Gladys M Thomas Testamentary Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was SRSA Children's Trout Tournament ($5K). Together the top 10 received $32K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 84% of grant dollars went to recipients in New Jersey and 16% to recipients in Florida. The listed grants include organizations in Point Pleasant and other New Jersey communities, as well as a recipient in Key West, Florida.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
States
Cities
How Gladys M Thomas Testamentary Trust gives
- 70% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 152% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8K (2020) to $32K (2024). In 2024 it made 10 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SRSA Children's Trout Tournament SPring Lake, NJ | Community Support | $5,000 |
| Community Fdn of the Florida Keys Key West, FL | Scholarships | $5,000 |
| Point Pleasant First Aid Point Pleasant Beach, NJ | Community Support | $5,000 |
| Ocean Fire Company #1 Point Pleasant Beach, NJ | Community Support | $5,000 |
| St Gregory's Pantry Point Pleasant Beach, NJ | Community Support | $2,000 |
| Point Pleasant Library Point Pleasant Boro, NJ | Community Support | $2,000 |
| Ocean Housing Alliance Point Pleasant Beach, NJ | Community Support | $2,000 |
| Marine Mammal Stranding Center Brigantine, NJ | Community Support | $2,000 |
| Jersey Shore Rescue Mission Asbury Park, NJ | Community Support | $2,000 |
| Save Barnegat Bay Toms River, NJ | Community Support | $2,000 |
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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 | $500,007 | $37,410 | $40,154 | $32,000 | 10 | $39,154 | $37,410 | $25,696 |
| 2023 | $459,031 | $29,037 | $35,153 | $27,500 | 8 | $34,553 | $31,682 | $24,201 |
| 2022 | $437,576 | $38,619 | $32,662 | $25,000 | 7 | $32,662 | $38,619 | $27,900 |
| 2021 | $502,542 | $40,921 | $42,802 | $31,000 | 7 | $41,992 | $40,921 | $30,992 |
| 2020 | $504,423 | $26,674 | $13,058 | $7,500 | 2 | — | $26,738 | $30,703 |
Under IRS private-foundation payout rules, Gladys M Thomas Testamentary Trust reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the Trust is provided. Its 2024 grants included community support and scholarships. The grantees describe their own work as including protecting Barnegat Bay and its ecosystem (Save Barnegat Bay), providing temporary relief and basic necessities to people in need (St Gregory’s Pantry), providing a safe and caring environment for residents of a health care facility (Ocean Housing Alliance), and rescuing, rehabilitating, and releasing stranded or injured marine mammals and sea turtles (Marine Mammal Stranding Center).
Grantmaking
In 2024, the Trust gave 10 grants totaling $32,000. Grants ranged from $2,000 to $5,000, with a median of $2,000.
The largest listed grants were $5,000 each to SRSA Children’s Trout Tournament for community support, Community Fdn of the Florida Keys for scholarships, Point Pleasant First Aid for community support, and Ocean Fire Company #1 for community support. Other listed grants were $2,000 each to St Gregory’s Pantry, Point Pleasant Library, Ocean Housing Alliance, Marine Mammal Stranding Center, Jersey Shore Rescue Mission, and Save Barnegat Bay.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Peter D Kearns as trustee.
Gladys M Thomas Testamentary Trust is led by Peter D Kearns, Trustee on every filing since 2020 — the only officer listed, and compensated.
Officers on the 2024 filing
Peter D Kearns
Trustee
On filings since 2020
2 hrs/week
$5K (2020) → $5K (2024)
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.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $5K, to Peter D Kearns (Trustee).
Frequently asked questions about Gladys M Thomas Testamentary Trust
How much does Gladys M Thomas Testamentary Trust give each year?
Gladys M Thomas Testamentary Trust gave $32K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $28K across 8 grants.
What is Gladys M Thomas Testamentary Trust's typical grant size?
Gladys M Thomas Testamentary Trust's median grant in 2024 was $2,000, and its average grant was $3,200, across 10 grants on its 2024 IRS Form 990-PF.
Where does Gladys M Thomas Testamentary Trust give grants?
Gladys M Thomas Testamentary Trust gives mostly in New Jersey: 84% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (16%). The most frequent recipient cities were Point Pleasant Beach, NJ (4 grants).
Does Gladys M Thomas Testamentary Trust give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Gladys M Thomas Testamentary Trust's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Community Support" (9 grants).
Who are Gladys M Thomas Testamentary Trust's largest grantees?
Gladys M Thomas Testamentary Trust's largest 2024 grantees include SRSA Children's Trout Tournament ($5,000), Community Fdn of the Florida Keys ($5,000) and Point Pleasant First Aid ($5,000), according to its 2024 IRS Form 990-PF. Together they received 47% of its itemized 2024 grant dollars.
How large is Gladys M Thomas Testamentary Trust?
Gladys M Thomas Testamentary Trust reported $500K in total assets on its 2024 IRS Form 990-PF. It paid out $39K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
What does Gladys M Thomas Testamentary Trust fund?
No mission statement for the Trust is provided. Its 2024 grants included community support and scholarships. See mission & focus areas ↑
How do I apply for a grant from Gladys M Thomas Testamentary Trust?
The filing says the Trust does not accept unsolicited requests; unsolicited grant requests will not be responded to. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Gladys M Thomas Testamentary Trust's EIN?
Gladys M Thomas Testamentary Trust's EIN (Employer Identification Number) is 02-6144776. IRS Form 990 filing data is available on this page for 2020–2024.
Does Gladys M Thomas Testamentary Trust accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Gladys M Thomas Testamentary Trust funds
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