Russ Thomas Scholarship Fund
Russ Thomas Scholarship Fund is a private foundation, based in BLOOMFIELD HILLS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $992K in total assets. In 2024, it awarded 21 grants totaling $102K. Net investment income was $28K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$992K
+19.2% YoY
Annual Giving
$102K
+1.5% YoY
Grant Count
21
+0.0% YoY
Avg Grant Size
$5K
+1.5% YoY
Under IRS private-foundation payout rules, Russ Thomas Scholarship Fund reported a distributable amount of $45K for 2024 — the minimum it must pay out in qualifying distributions.
About Russ Thomas Scholarship Fund
Based on IRS filings
Russ Thomas Scholarship Fund is a private foundation, based in BLOOMFIELD HILLS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $992K in total assets. In 2024, it awarded 21 grants totaling $102K. Net investment income was $28K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $992,167 | $832,061 | $830,739 |
| Revenue | $105,696 | $109,669 | $117,948 |
| Expenses | $124,947 | $121,110 | $100,690 |
| Qualifying Distributions | $102,000 | $100,500 | $86,000 |
| Net Investment Income | $27,898 | $27,433 | $42,836 |
| Distributable Amount | $44,522 | $40,652 | $44,511 |
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
97 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Elizabeth Rachiele ($7,500), Gisella Djokic ($7,500), Patrick Mullen ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AMANDA DUNN WALLED LAKE, MI | PRIVATE SCHOLARSHIP GRANT | $5,000 |
| BROOK WALING NOVI, MI | PRIVATE SCHOLARSHIP GRANT | $4,000 |
| ELIZABETH RACHIELE NOVI, MI | PRIVATE SCHOLARSHIP GRANT | $7,500 |
| ERIC GOMEZ BURTON, MI | PRIVATE SCHOLARSHIP GRANT | $3,000 |
| GISELLA DJOKIC STERLING HTS, MI | PRIVATE SCHOLARSHIP GRANT | $7,500 |
| HANIEN BADRELDIN COMMERCE TOWNSHIP, MI | PRIVATE SCHOLARSHIP GRANT | $5,000 |
| JACOB KELLY CLINTON TOWNSHIP, MI | PRIVATE SCHOLARSHIP GRANT | $5,000 |
| MACKENZIE SCHERLE ROCHESTER HILLS, MI | PRIVATE SCHOLARSHIP GRANT | $5,000 |
| MAKENNA GOSS STERLING HTS, MI | PRIVATE SCHOLARSHIP GRANT | $6,500 |
| MARIA KOKKO WEST BLOOMFIELD, MI | PRIVATE SCHOLARSHIP GRANT | $6,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN THOMAS JR | TRUSTEE | — | — |
| JAMES THOMAS | TRUSTEE | — | — |
Frequently Asked Questions
How large is Russ Thomas Scholarship Fund?
As of 2024, Russ Thomas Scholarship Fund holds $992K in total assets with $106K in annual revenue. It awarded 21 grants totaling $102K in 2024.
Where does Russ Thomas Scholarship Fund operate?
Russ Thomas Scholarship Fund has awarded grants in Michigan.
What size grants does Russ Thomas Scholarship Fund award?
In 2024, Russ Thomas Scholarship Fund awarded 21 grants totaling $102K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Russ Thomas Scholarship Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Russ Thomas Scholarship Fund reported a distributable amount of $45K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Russ Thomas Scholarship Fund's EIN?
Russ Thomas Scholarship Fund's EIN (Employer Identification Number) is 38-2984958. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Russ Thomas Scholarship Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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