Margaret & Martha Thomas Foundation
Margaret & Martha Thomas Foundation is a private foundation, based in Wymore, NE. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $8.7M in total assets. In 2026, it awarded 10 grants totaling $348K. Net investment income was $2.6M.
Margaret & Martha Thomas Foundation at a glance
In short: Margaret & Martha Thomas Foundation gave $348K across 10 grants in 2026 (avg $35K), mostly in Nebraska. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $348,059
- +828.2% vs 2025
- Grants made (2026)
- 10
- +900.0% vs 2025
- Average grant
- $34,806
- -7.2% vs 2025
- Median grant
- $28,312
- Total assets
- $8,728,576
- +33.1% vs 2025
- Primary geography
- Nebraska (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 Margaret & Martha Thomas Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2026
The largest 2026 recipient was City of Wymore ($92K across 2 grants). Together the top 8 received $348K.
Grant Size Distribution
54 grants across all recorded years
The most common grant size was under $50K: 45 grants of 54 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 10 itemized grants.
States
Cities
How Margaret & Martha Thomas Foundation gives
- Giving held roughly steady from 2023 to 2026 (−8%). Method
- In 2026 it paid out 89% 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 2021 to 2026, annual grant giving ranged from $38K (2025) to $379K (2023). In 2026 it made 10 grants totaling $348K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Nebraska Public Media Lincoln, NE | Support Programs | $75,000 |
| City of Wymore Wymore, NE | Remodel City Center | $50,000 |
| City of Blue Springs Blue Springs, NE | City Park Improvements | $50,000 |
| City of Wymore Wymore, NE | Remodel City Center | $42,000 |
| City of Beatrice Beatrice, NE | City Improvements | $30,000 |
| Gage County Historical Soceity Beatrice, NE | Building Repair | $26,624 |
| City of Beatrice Beatrice, NE | Park Improvements | $25,000 |
| Sewing for Babies Beatrice, NE | Support Program | $19,435 |
| Brave Be Beatrice, NE | Support Program | $15,000 |
| Heartland Cancer Foundation Lincoln, NE | Support Programs | $15,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,728,576 | $2,638,777 | $466,721 | $348,059 | 10 | $348,059 | $2,638,777 | $389,052 |
| 2025 | $6,556,520 | $430,447 | $133,332 | $37,500 | 1 | $37,500 | $430,447 | $374,718 |
| 2024 | $6,259,409 | $-64,113 | $376,215 | $285,810 | 12 | $285,810 | $73,841 | $343,819 |
| 2023 | $6,693,452 | $-153,606 | $464,223 | $378,633 | 18 | $378,633 | $87,145 | $325,665 |
| 2022 | $7,335,957 | $1,470,717 | $476,909 | $367,914 | 13 | $367,914 | $1,361,722 | $365,728 |
| 2021 | $6,355,559 | $207,850 | $474,574 | $367,932 | 14 | — | $104,131 | $377,303 |
Under IRS private-foundation payout rules, Margaret & Martha Thomas Foundation reported a distributable amount of $389K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Margaret & Martha Thomas Foundation is led by Larry Anderson, President since 2026 (on filings since 2021); none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
Larry Anderson
President
Vice President → V.president, 2023
V.president → President, 2026
On filings since 2021
1 hr/week
No compensation reported
Jolene P. Bartels
V-President
New on the 2026 filing
1 hr/week
No compensation reported
Michael E. Willet
Secretary & Treasurer
Secretarytreasurer → Secretary & Treasurer, 2023
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Dean Marples (2021–2025) — President
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 Margaret & Martha Thomas Foundation
How much does Margaret & Martha Thomas Foundation give each year?
Margaret & Martha Thomas Foundation gave $348K across 10 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $38K across 1 grant.
What is Margaret & Martha Thomas Foundation's typical grant size?
Margaret & Martha Thomas Foundation's median grant in 2026 was $28,312, and its average grant was $34,806, across 10 grants on its 2026 IRS Form 990-PF.
Where does Margaret & Martha Thomas Foundation give grants?
Margaret & Martha Thomas Foundation gives mostly in Nebraska: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Beatrice, NE (5 grants), Wymore, NE (2 grants) and Lincoln, NE (2 grants).
Does Margaret & Martha Thomas Foundation give general operating support?
Not in 2026: none of the 10 grants with a stated purpose on Margaret & Martha Thomas Foundation's 2026 IRS Form 990-PF were described as general or operating support.
Who are Margaret & Martha Thomas Foundation's largest grantees?
Margaret & Martha Thomas Foundation's largest 2026 grantees include City of Wymore ($92,000 across 2 grants), Nebraska Public Media ($75,000) and City of Beatrice ($55,000 across 2 grants), according to its 2026 IRS Form 990-PF. Together they received 64% of its itemized 2026 grant dollars.
How large is Margaret & Martha Thomas Foundation?
Margaret & Martha Thomas Foundation reported $8.7M in total assets on its 2026 IRS Form 990-PF. It paid out $348K in qualifying distributions that year, against a required minimum of $389K (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.
What is Margaret & Martha Thomas Foundation's EIN?
Margaret & Martha Thomas Foundation's EIN (Employer Identification Number) is 20-3652030. 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 17, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Margaret & Martha Thomas Foundation funds
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