Pearl Thornell Charitable Foundation
PEARL THORNELL CHARITABLE is a private foundation based in Corsicana, Texas. Its 2025 filing reports grants to charitable organizations, with all reported grant dollars going to recipients in Texas.
Key facts about Pearl Thornell Charitable Foundation
In short: Pearl Thornell Charitable Foundation gave $107K across 17 grants in 2025 (avg $6K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- EIN
- 20-5112979
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $107,000
- Grants made (2025)
- 17
- Average grant
- $6,294
- Median grant
- $5,000
- Total assets
- $1,488,647
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- How to apply
- Submit the requested letter and 501(c)(3) determination letter to Community National Bank Trust. Full details ↓
- Deadline
- The filing lists the deadline as “calendar quarter.”
Data from IRS Form 990-PF, 2025; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.5M
-0.8% YoY
Annual Giving
$107K
+14.5% YoY
Grant Count
17
+30.8% YoY
Avg Grant Size
$6K
-12.5% YoY
Under IRS private-foundation payout rules, Pearl Thornell Charitable Foundation reported a distributable amount of $117K for 2025 — the minimum it must pay out in qualifying distributions.
How Pearl Thornell Charitable Foundation gives
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 94% 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.
Grantmaking
In filing year 2025, the foundation reported 17 grants totaling $107,000. Grant amounts ranged from $1,000 to $10,000, with a median of $5,000. Among the largest reported grants were $10,000 each to the Salvation Army in Corsicana, Methodist Children’s Home of Waco, Corsicana ISD Education Foundation, Hope Center, Warehouse Living Arts Center, and Wade Wellnes Services. Other listed grants included $7,500 to Woman’s Club House of Navarro County and $5,000 each to Boys and Girls Club Greater Dallas, Camp of the Rising Sun, The Inn Recovery Community, Navarro County Ambulatory Care Association, and Corsicana Navarro County Public Health.
Review Cycle
The filing lists the deadline as “calendar quarter.”
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Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Texas. Listed recipients were based in Corsicana and other Texas cities, including Waco and Dallas.
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $90K (2020) to $107K (2025). In 2025 it made 17 grants totaling $107K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 66 grants of 66 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 17 grants to individuals Recipients not named | — | $107,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $1,488,647 | $116,644 | $128,406 | $107,000 (17 grants) |
| 2024 | $1,500,409 | $257,285 | $111,862 | $93,465 (13 grants) |
| 2023 | $1,354,986 | $90,296 | $110,887 | $94,500 (13 grants) |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,488,647 | $1,500,409 | $1,354,986 |
| Revenue | $116,644 | $257,285 | $90,296 |
| Expenses | $128,406 | $111,862 | $110,887 |
| Qualifying Distributions | $109,558 | $95,927 | $96,766 |
| Net Investment Income | $101,187 | $242,422 | $77,099 |
| Distributable Amount | $116,698 | $109,747 | $95,827 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Pearl Thornell Charitable Foundation's only listed officer is Community National Bank & Trust, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Community National Bank & Trust
Trustee
On filings since 2020
4 hrs/week
$14K (2020) → $17K (2025)
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $17K, to Community National Bank & Trust (Trustee).
Contact
Application contact: Community National Bank Trust
Mailing address: Attn Trust Dept, PO Box 624, Corsicana, TX 75151
Phone: (903) 654-4500
Frequently asked questions about Pearl Thornell Charitable Foundation
How much does Pearl Thornell Charitable Foundation give each year?
Pearl Thornell Charitable Foundation gave $107K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $93K across 13 grants.
What is Pearl Thornell Charitable Foundation's typical grant size?
Pearl Thornell Charitable Foundation's median grant in 2025 was $5,000, and its average grant was $6,294, across 17 grants on its 2025 IRS Form 990-PF.
Where does Pearl Thornell Charitable Foundation give grants?
Pearl Thornell Charitable Foundation gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Pearl Thornell Charitable Foundation give general operating support?
Not in 2025: none of the 17 grants with a stated purpose on Pearl Thornell Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable Operations" (14 grants).
How large is Pearl Thornell Charitable Foundation?
Pearl Thornell Charitable Foundation reported $1.5M in total assets on its 2025 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $117K (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.
How do I apply for a grant from Pearl Thornell Charitable Foundation?
Submit the requested letter and 501(c)(3) determination letter to Community National Bank Trust. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Pearl Thornell Charitable Foundation's EIN?
Pearl Thornell Charitable Foundation's EIN (Employer Identification Number) is 20-5112979. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Pearl Thornell Charitable Foundation by hand.
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