Naomi & Terrance Thomas Foundation

Private foundation · Grantmaker Phoenix, AZ EIN: 86-0939931

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

25<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 25 grants of 25 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Cities

TustinOrangeTucsonParadise ValleyPowellTombstoneCorona Del MarDallasNewport BeachPhoenizVentureWashington

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

$0$5K$10K$15K4 grants2020 10 grants2021 1 grant2022 9 grants2023 5 grants2024 0 grants2025

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

RecipientPurposeAmount
National Ovarian Cancer Coalition Dallas, TXGeneral Support$1,000
Orange County Rescue Mission Tustin, CAGeneral Support$500
Siegel Rare Neuroimmune Assn Powell, OHGeneral Support$500
Ronald McDonald House Orange, CAGeneral Support$500
Salvation Army Tustin, CAGeneral Support$500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$340,113$9,172$1,520——$1,390$7,660$15,439
2024$298,411$24,467$4,618$3,0005$4,538$22,221$13,813
2023$264,577$7,544$10,616$5,0509$7,568$4,995$12,721
2022$267,657$17,216$5,184$3,0001$4,050$16,082$12,483
2021$259,696$29,084$14,459$12,50010$12,500$27,125$13,482
2020$246,573$2,379$11,072$11,0004—$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

  1. Added Form 990-PF for fiscal year 2025 (received by the IRS July 9, 2026)
  2. IRS filings on file for fiscal years 2020–2024

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—

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Naomi & Terrance Thomas 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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