Joy & Thomas Kealey Foundation
Joy & Thomas Kealey Foundation is a private foundation, based in Boise, ID. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $462K in total assets. In 2025, it awarded 3 grants totaling $32K. Net investment income was $23K.
Joy & Thomas Kealey Foundation at a glance
In short: Joy & Thomas Kealey Foundation gave $32K across 3 grants in 2025 (avg $11K), mostly in Idaho. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $32,475
- +70.9% vs 2024
- Grants made (2025)
- 3
- -75.0% vs 2024
- Average grant
- $10,825
- +583.7% vs 2024
- Median grant
- $5,000
- Total assets
- $462,323
- +6.2% vs 2024
- Primary geography
- Idaho (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Joy & Thomas Kealey Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Boise State University Foundation ($24K). Together the top 3 received $32K.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 51 grants of 51 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Joy & Thomas Kealey Foundation gives
- Giving grew 91% from 2022 to 2025. Method
- In 2025 it paid out 149% 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 2025, annual grant giving ranged from $10K (2021) to $32K (2025). In 2025 it made 3 grants totaling $32K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boise State University Foundation Boise, ID | General Support | $24,475 |
| St Lukes Foundation Boise, ID | General Support | $5,000 |
| Sun Valley Music Festival Ketchum, ID | General Support | $3,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $462,323 | $24,683 | $34,171 | $32,475 | 3 | $32,475 | $22,987 | $21,779 |
| 2024 | $435,224 | $19,400 | $20,737 | $19,000 | 12 | $19,000 | $17,663 | $19,608 |
| 2023 | $383,132 | $13,679 | $19,845 | $17,950 | 10 | $17,950 | $12,346 | $17,820 |
| 2022 | $362,557 | $157,620 | $18,245 | $17,000 | 14 | $17,000 | $56,550 | $12,670 |
| 2021 | $223,182 | $71,859 | $11,490 | $10,250 | 12 | — | $10,794 | $8,599 |
Under IRS private-foundation payout rules, Joy & Thomas Kealey Foundation reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Joy & Thomas Kealey Foundation is led by Thomas F. Kealey, President on every filing since 2021; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas F. Kealey
President
On filings since 2021
1 hr/week
No compensation reported
Harris Kealey
Director
On filings since 2021
1 hr/week
No compensation reported
Robert May
Director
On filings since 2021
1 hr/week
No compensation reported
Joy M. Kealey
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Joy & Thomas Kealey Foundation
How much does Joy & Thomas Kealey Foundation give each year?
Joy & Thomas Kealey Foundation gave $32K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $19K across 12 grants.
What is Joy & Thomas Kealey Foundation's typical grant size?
Joy & Thomas Kealey Foundation's median grant in 2025 was $5,000, and its average grant was $10,825, across 3 grants on its 2025 IRS Form 990-PF.
Where does Joy & Thomas Kealey Foundation give grants?
Joy & Thomas Kealey Foundation gives mostly in Idaho: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boise, ID (2 grants).
Does Joy & Thomas Kealey Foundation give general operating support?
Yes: 100% of Joy & Thomas Kealey Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Joy & Thomas Kealey Foundation?
Joy & Thomas Kealey Foundation reported $462K in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
What is Joy & Thomas Kealey Foundation's EIN?
Joy & Thomas Kealey Foundation's EIN (Employer Identification Number) is 36-3487888. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021–2025
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