Joy & Thomas Kealey Foundation
Joy & Thomas Kealey Foundation is a private foundation, based in Boise, ID. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $546K in total assets. In 2026, it awarded 5 grants totaling $25K. Net investment income was $43K.
Joy & Thomas Kealey Foundation at a glance
In short: Joy & Thomas Kealey Foundation gave $25K across 5 grants in 2026 (avg $5K), mostly in Idaho. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $24,500
- -24.6% vs 2025
- Grants made (2026)
- 5
- +66.7% vs 2025
- Average grant
- $4,900
- -54.7% vs 2025
- Median grant
- $500
- Total assets
- $545,956
- +18.1% vs 2025
- Primary geography
- Idaho (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated November 2026.
Who Joy & Thomas Kealey Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2026
The largest 2026 recipient was Boise State University Foundation ($20K). Together the top 5 received $25K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 44 grants of 44 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 5 itemized grants.
Cities
How Joy & Thomas Kealey Foundation gives
- Giving grew 36% from 2023 to 2026. Method
- In 2026 it paid out 103% 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 2026, annual grant giving ranged from $10K (2021) to $32K (2025). In 2026 it made 5 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boise State University Foundation Boise, ID | General Support | $20,000 |
| Sun Valley Music Festival Ketchum, ID | General Support | $3,000 |
| Idaho Shakespeare Festival Boise, ID | General Support | $500 |
| Boise Schools Foundation Boise, ID | General Support | $500 |
| Sun Valley Culinary Institute Ketchum, ID | General Support | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $545,956 | $44,599 | $26,420 | $24,500 | 5 | $24,500 | $42,999 | $23,895 |
| 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 $24K for 2026 — 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 2026 report compensation.
Officers on the 2026 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, 2021–2026. "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 $25K across 5 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $32K across 3 grants.
What is Joy & Thomas Kealey Foundation's typical grant size?
Joy & Thomas Kealey Foundation's median grant in 2026 was $500, and its average grant was $4,900, across 5 grants on its 2026 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 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boise, ID (3 grants) and Ketchum, ID (2 grants).
Does Joy & Thomas Kealey Foundation give general operating support?
Yes: 100% of Joy & Thomas Kealey Foundation's 2026 grants with a stated purpose (5 of 5) were for general or operating support, per its 2026 IRS Form 990-PF.
Who are Joy & Thomas Kealey Foundation's largest grantees?
Joy & Thomas Kealey Foundation's largest 2026 grantees include Boise State University Foundation ($20,000), Sun Valley Music Festival ($3,000) and Idaho Shakespeare Festival ($500), according to its 2026 IRS Form 990-PF. Together they received 96% of its itemized 2026 grant dollars.
How large is Joy & Thomas Kealey Foundation?
Joy & Thomas Kealey Foundation reported $546K in total assets on its 2026 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $24K (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 2021–2026.
Data last updated November 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS September 23, 2026)
- IRS filings on file for fiscal years 2021–2025
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Figures come from Joy & Thomas Kealey Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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