Pearl Thornell Charitable

Foundation · Grantmaker Corsicana, TX EIN: 20-5112979

Pearl Thornell Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Corsicana, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 13 grants totaling $93K. Net investment income was $242K.

Key facts about Pearl Thornell Charitable

EIN: 20-5112979
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $93,465
Grants made (2024): 13
Average grant: $7,190
Median grant: $7,500
New grantees (estimate): 38% first-time grantees (5 of 13, 2024)
Total assets: $1,500,409
Primary geography: Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Who Pearl Thornell Charitable funds

By grant dollars, the top recipient states for Pearl Thornell Charitable's 13 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Corsicana, TX (11 grants). None of its 13 grants with a stated purpose were described as general or operating support. Recurring purposes include "Charitable Operations" (12 grants).

Is Pearl Thornell Charitable open to new grantees?

38%

first-time grantees, 2024

In 2024, 5 of 13 grantees (38%) were first-time recipients. First grants averaged $5K; repeat grants $8K. How we count

Medians: $5K first-time, $9K repeat.

62% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+1%). Method
In 2024 it paid out 87% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Pearl Thornell Charitable

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5M

+10.7% YoY

Annual Giving

$93K

-1.1% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$7K

-1.1% YoY

Under IRS private-foundation payout rules, Pearl Thornell Charitable reported a distributable amount of $110K for 2024 — the minimum it must pay out in qualifying distributions.

About Pearl Thornell Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $93K (100%)

Share of all 13 itemized 2024 grant dollars.

States

Texas

Cities

CorsicanaDallasWaco

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,500,409	$1,354,986	$1,375,577
Revenue	$257,285	$90,296	$79,950
Expenses	$111,862	$110,887	$123,929
Qualifying Distributions	$95,927	$96,766	$107,899
Net Investment Income	$242,422	$77,099	$66,442
Distributable Amount	$109,747	$95,827	$96,712

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

56 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Corsicana Isd Education Foundation ($15,000), Methodist Childrens Home of Waco ($10,000), Presbyterian Children Services ($10,000).

Recipient	Purpose	Amount
CORSICANA ISD EDUCATION FOUNDATION Corsicana, TX	CHARITABLE OPERATIONS	$15,000
METHODIST CHILDRENS HOME OF WACO Waco, TX	CHARITABLE OPERATIONS	$10,000
PRESBYTERIAN CHILDREN SERVICES Corsicana, TX	CHARITABLE OPERATIONS	$10,000
VOICE Corsicana, TX	CHARITABLE OPERATIONS	$10,000
CHRISTMAS IN APRIL - NAVARRO COUNTY Corsicana, TX	CHARITABLE OPERATIONS	$10,000
BOYS AND GIRLS CLUB GREATER DALLAS Dallas, TX	CHARITABLE OPERATIONS	$8,500
THE INN RECOVERY COMMUNITY Corsicana, TX	CHARITABLE OPERATIONS	$7,500
HUMANE SOCIETY OF NAVARRO COUNTY Corsicana, TX	CHARITABLE OPERATIONS	$5,000
HOPE CENTER Corsicana, TX	CHARITABLE OPERATIONS	$5,000
CAMP OF THE RISING SUN Corsicana, TX	CHARITABLE OPERATION	$5,000

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Pearl Thornell Charitable?

Pearl Thornell Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Corsicana, TX. It holds $1.5M in total assets as of 2024.

How large is Pearl Thornell Charitable?

As of 2024, Pearl Thornell Charitable holds $1.5M in total assets with $257K in annual revenue. It awarded 13 grants totaling $93K in 2024.

Where does Pearl Thornell Charitable operate?

Pearl Thornell Charitable has awarded grants in Texas.

What size grants does Pearl Thornell Charitable award?

In 2024, Pearl Thornell Charitable awarded 13 grants totaling $93K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Pearl Thornell Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Pearl Thornell Charitable reported a distributable amount of $110K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.