Naomi & Terrance Thomas Foundation
Naomi & Terrance Thomas Foundation is a private foundation, based in Phoenix, AZ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $340K in total assets. In 2025, it made $1K in qualifying distributions. Net investment income was $8K.
Naomi & Terrance Thomas Foundation at a glance
- Total assets
- $340,113
- +14.0% vs 2024
- Revenue (2025)
- $9,172
- -62.5% vs 2024
- Qualifying distributions (2025)
- $1,390
- -69.4% vs 2024
- Expenses (2025)
- $1,520
- -67.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Naomi & Terrance Thomas Foundation funds
How this funder distributes its grants
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Naomi & Terrance Thomas Foundation gives
- Giving fell 76% from 2021 to 2024. Method
- In 2025 it paid out 9% 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 2020 to 2024, annual grant giving ranged from $3K (2022) to $13K (2021). In 2024 it made 5 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Ovarian Cancer Coalition Dallas, TX | General Support | $1,000 |
| Orange County Rescue Mission Tustin, CA | General Support | $500 |
| Siegel Rare Neuroimmune Assn Powell, OH | General Support | $500 |
| Ronald McDonald House Orange, CA | General Support | $500 |
| Salvation Army Tustin, CA | 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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $340,113 | $9,172 | $1,520 | — | — | $1,390 | $7,660 | $15,439 |
| 2024 | $298,411 | $24,467 | $4,618 | $3,000 | 5 | $4,538 | $22,221 | $13,813 |
| 2023 | $264,577 | $7,544 | $10,616 | $5,050 | 9 | $7,568 | $4,995 | $12,721 |
| 2022 | $267,657 | $17,216 | $5,184 | $3,000 | 1 | $4,050 | $16,082 | $12,483 |
| 2021 | $259,696 | $29,084 | $14,459 | $12,500 | 10 | $12,500 | $27,125 | $13,482 |
| 2020 | $246,573 | $2,379 | $11,072 | $11,000 | 4 | — | $6,204 | $15,432 |
Under IRS private-foundation payout rules, Naomi & Terrance Thomas Foundation reported a distributable amount of $15K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Naomi & Terrance Thomas Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gail Hirsch
Trustee
On filings since 2020
1 hr/week
No compensation reported
Gary Gibbons
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Naomi & Terrance Thomas Foundation
How large is Naomi & Terrance Thomas Foundation?
Naomi & Terrance Thomas Foundation reported $340K in total assets on its 2025 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $15K (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.
Where does Naomi & Terrance Thomas Foundation operate?
Naomi & Terrance Thomas Foundation has awarded grants in Arizona, California, District of Columbia, Ohio, Texas.
What is Naomi & Terrance Thomas Foundation's EIN?
Naomi & Terrance Thomas Foundation's EIN (Employer Identification Number) is 86-0939931. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 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 2025 (received by the IRS July 9, 2026)
- IRS filings on file for fiscal years 2020–2024
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