The Jerald & Kay Thomas Foundation
The Jerald & Kay Thomas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $137K in total assets. In 2024, it awarded 16 grants totaling $8K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$137K
-2.9% YoY
Annual Giving
$8K
-3.6% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$500
-9.6% YoY
Under IRS private-foundation payout rules, The Jerald & Kay Thomas Foundation reported a distributable amount of $10K for 2024 — the minimum it must pay out in qualifying distributions.
About The Jerald & Kay Thomas Foundation
Based on IRS filings
The Jerald & Kay Thomas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $137K in total assets. In 2024, it awarded 16 grants totaling $8K. Net investment income was $4K.
Focus Areas
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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 | $137,342 | $141,389 | $147,982 |
| Revenue | $8,720 | $6,500 | $10,409 |
| Expenses | $12,843 | $13,247 | $21,653 |
| Qualifying Distributions | $8,000 | $8,300 | $8,100 |
| Net Investment Income | $3,877 | $1,553 | — |
| Distributable Amount | $9,704 | $4,976 | $5,790 |
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
85 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan's Purse ($1,500), Tunnels to Tower ($1,500), Mercy Ships ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALZHEIMER'S ASSOCIATON CHICAGO, IL | FIGHTING ALZHEIMERS | $300 |
| AMERICAN CANCER SOCIETY LUBBOCK, TX | CANCER RESEARCH AND AWARENESS | $300 |
| AMERICAN HEART ASSOCIATION DALLAS, TX | HEART HEALTH | $300 |
| AMERICAN LUNG ASSOCIATION OKLAHOMA CITY, OK | LUNG HEALTH | $300 |
| HIS HANDS MINISTRY BATTLE CREEK, MI | CHRISTIAN MINISTRY | $200 |
| MEALS ON WHEELS LUBBOCK, TX | FOOD FOR NEEDY | $300 |
| MERCY SHIPS GARDEN VALLEY, TX | MEDICAL SUPPORT | $1,000 |
| OUR DAILY BREAD GRAND RAPIDS, MI | CHARITABLE | $300 |
| SAMARITAN'S PURSE BOONE, NC | CHRISTIAN MINISTRY | $1,500 |
| SOUTH PLAINS FOOD BANK LUBBOCK, TX | FOOD FOR NEEDY | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JERALD THOMAS | PRESIDENT | — | — |
| KAY THOMAS | SECRETARY | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Jerald & Kay Thomas Foundation?
The Jerald & Kay Thomas Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LUBBOCK, TX. It holds $137K in total assets as of 2024.
How large is The Jerald & Kay Thomas Foundation?
As of 2024, The Jerald & Kay Thomas Foundation holds $137K in total assets with $9K in annual revenue. It awarded 16 grants totaling $8K in 2024.
Where does The Jerald & Kay Thomas Foundation operate?
The Jerald & Kay Thomas Foundation has awarded grants in District of Columbia, Florida, Georgia, Illinois, Kansas, Michigan, North Carolina, New Mexico, New York, Oklahoma, Tennessee, Texas.
What size grants does The Jerald & Kay Thomas Foundation award?
In 2024, The Jerald & Kay Thomas Foundation awarded 16 grants totaling $8K — an average of about $500 per grant, based on its IRS Form 990 filings.
How much is The Jerald & Kay Thomas Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Jerald & Kay Thomas Foundation reported a distributable amount of $10K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Jerald & Kay Thomas Foundation's EIN?
The Jerald & Kay Thomas Foundation's EIN (Employer Identification Number) is 74-2982555. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Jerald & Kay Thomas Foundation'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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