Thatcher Foundation

WOODLAND HILLS, CA EIN: 95-4697063 Website

The Thatcher Foundation is a private independent foundation established in 1998 and based in Woodland Hills, California. As a 501(c)(3) organization, it operates as a grantmaking foundation focused on supporting charitable, educational, and philanthropic initiatives.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$18.4M

-1.8% YoY

Annual Giving

$962K

Grant Count

Avg Grant Size

$37K

Under IRS private-foundation payout rules, Thatcher Foundation reported a distributable amount of $878K for 2025 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's stated purpose is "to further goals of foundation." Primary funding focus areas include:

Education
Human Services
Philanthropy, Voluntarism & Grantmaking
Poverty Alleviation

Grantmaking

The foundation made 33-34 grants in its most recent funding cycle (fiscal year ending June 2023). Recent grantees have included:

Grant Range

$5,000–$75,000

Average Grant

amounts vary by program, ranging from $6,667 to $36,667

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Geographic Focus

Where this funder awards grants

The foundation operates from Woodland Hills, California. Grant recipients have included organizations in California and nationally.

Grant Distribution by State

California $3.4M (93%)

New York $200K (5%)

Virginia $50K (1%)

States

California New York Virginia

Cities

Agoura HillsBurbankCanoga ParkDuarteEncinoLafayetteLong BeachLos AngelesMalibuManhattan BeachNewport BeachPalm DesertPasadenaPleasant HillRancho MirageRiversideRoanokeSanta BarbaraSanta MonicaStudio City

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending June 2024:

Total Assets: $18,770,172
Total Revenue: -$146,296
Total Expenses: $89,234
Total Giving: $17,025
Giving Rate: 0.1%

As of Fiscal Year Ending June 2025:

Total Assets: $18.4 Million
Revenue: $683,924
Expenses: $1,025,133
Net Income: Negative

Investment income and dividends represent the primary revenue source, with $490,357 reported for fiscal year 2024.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$18,428,963	$18,770,172	$19,005,702
Revenue	$683,924	$-146,296	$-208,819
Expenses	$1,025,133	$89,234	$936,600
Qualifying Distributions	$983,050	$17,025	$869,450
Net Investment Income	$657,478	$438,675	$450,019
Distributable Amount	$878,232	$879,455	$872,756

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 2025

Grant Size Distribution

110 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include Sansum Santa Barbara Medical Foundation ($84,500), Foundation for Santa Barbara City College ($52,750), Amyotrophic Lateral Scierosis Association ($50,000).

Recipient	Purpose	Amount
AMYOTROPHIC LATERAL SCIEROSIS ASSOCIATION CANOGA PARK, CA	TO FURTHER GOALS OF FOUNDATION	$50,000
BET TZEDEK LOS ANGELES, CA	TO FURTHER GOALS OF FOUNDATION	$15,000
BLIND CHILDRENS CENTER LOS ANGELES, CA	TO FURTHER GOALS OF FOUNDATION	$25,000
CANCER FOUNDATION OF SANTA BARBARA SANTA BARBARA, CA	TO FURTHER GOALS OF FOUNDATION	$30,000
CHILD ABUSE LISTENING MEDIATION SANTA BARBARA, CA	TO FURTHER GOALS OF FOUNDATION	$50,000
EISENHOWER MEDICAL CENTER FOUNDATION RANCHO MIRAGE, CA	TO FURTHER GOALS OF FOUNDATION	$30,000
FAMILY YMCA OF THE DESERT PALM DESERT, CA	TO FURTHER GOALS OF FOUNDATION	$25,000
FOOD BANK OF SANTA BARBARA COUNTY SANTA BARBARA, CA	TO FURTHER GOALS OF FOUNDATION	$50,000
FOUNDATION FOR SANTA BARBARA CITY COLLEGE SANTA BARBARA, CA	TO FURTHER GOALS OF FOUNDATION	$52,750
FRIENDSHIP CEBTERS OF SANTA BARBARA SANTA BARBARA, CA	TO FURTHER GOALS OF FOUNDATION	$25,000

Leadership & Key People

Leadership team and compensation from IRS filings

Phillip M. Bardack — President & Director
William Herzog — CFO & Director
Nancy J. Thatcher — Secretary & Director
William R. Lang — Director

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
PHILLIP M BARDACK	PRESIDENT & DIRECTOR	5	—
NANCY J THATCHER	SECRETARY & DIRECTOR	0.5	—
WILLIAM R LANG	CFO & DIRECTOR	0.5	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What does Thatcher Foundation fund?

The foundation's stated purpose is "to further goals of foundation." Primary funding focus areas include: • Education • Human Services • Philanthropy, Voluntarism & Grantmaking • Poverty Alleviation

How do I apply for a grant from Thatcher Foundation?

**Grant Characteristics:** • Typical grant range: $5,000–$75,000 • Median grant amount: $32,692 • Average grant amounts vary by program, ranging from $6,667 to $36,667 **Recent Grant Activity:** The foundation made 33-34 grants in its most recent funding cycle (fiscal year ending June 2023). Recent grantees have included: • SBCC Foundation ($52,750) • Lustgarten Foundation ($50,000) • Hospice of Santa Barbara ($50,000) All grants are designated "to further goals of foundation," indicating gener…

Where does Thatcher Foundation make grants?

The foundation operates from Woodland Hills, California. Grant recipients have included organizations in California and nationally.

What size grants does Thatcher Foundation award?

In 2025, Thatcher Foundation awarded 26 grants totaling $962K — an average of about $37K per grant, based on its IRS Form 990 filings.

How much is Thatcher Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, Thatcher Foundation reported a distributable amount of $878K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.