The Thomas Heritage Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.1M in total assets. In 2024, it awarded 10 grants totaling $450K. Net investment income was $328K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.1M
+10.0% YoY
Annual Giving
$450K
+2.3% YoY
Grant Count
10
-23.1% YoY
Avg Grant Size
$45K
+33.0% YoY
Under IRS private-foundation payout rules, The Thomas Heritage Foundation reported a distributable amount of $518K for 2024 — the minimum it must pay out in qualifying distributions.
About The Thomas Heritage Foundation
Based on IRS filings
The Thomas Heritage Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $11.1M in total assets. In 2024, it awarded 10 grants totaling $450K. Net investment income was $328K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,050,768 | $10,047,396 | $8,662,054 |
| Revenue | $1,061,059 | $984,588 | $761,622 |
| Expenses | $544,630 | $524,463 | $527,183 |
| Qualifying Distributions | $457,728 | $446,585 | $445,575 |
| Net Investment Income | $328,096 | $260,649 | $164,715 |
| Distributable Amount | $517,725 | $449,394 | $435,991 |
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
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Undermain Theatre ($90,000), Cara Mia Theatre Co ($89,000), Seed Effect ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARA MIA THEATRE CO DALLAS, TX | GENERAL USE | $89,000 |
| EXILE INTERNATIONAL NASHVILLE, TN | GENERAL USE | $50,000 |
| FLAME FOUNDATION DALLAS, TX | GENERAL USE | $28,000 |
| INTL JUSTICE MISSION WASHINGTON, DC | GENERAL USE | $50,000 |
| SEED EFFECT DALLAS, TX | GENERAL USE | $70,000 |
| SINAPIS WHEATON, IL | GENERAL USE | $25,000 |
| UNDERMAIN THEATRE DALLAS, TX | GENERAL USE | $90,000 |
| YENA RICHARDSON, TX | GENERAL USE | $18,000 |
| SCARLET HOPE INC LOUISVILLE, KY | GENERAL USE | $25,000 |
| ALL ACCESS INTERNATIONAL HURST, TX | GENERAL USE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM R THOMAS III | PRESIDENT/TREASURER | 5 | — |
| SUZANNE B THOMAS | VICE PRESIDENT | 1 | — |
| CHRISTA THOMAS | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Thomas Heritage Foundation?
The Thomas Heritage Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DALLAS, TX. It holds $11.1M in total assets as of 2024.
How large is The Thomas Heritage Foundation?
As of 2024, The Thomas Heritage Foundation holds $11.1M in total assets with $1.1M in annual revenue. It awarded 10 grants totaling $450K in 2024.
Where does The Thomas Heritage Foundation operate?
The Thomas Heritage Foundation has awarded grants in Colorado, District of Columbia, Illinois, Kentucky, Massachusetts, New York, Tennessee, Texas.
What size grants does The Thomas Heritage Foundation award?
In 2024, The Thomas Heritage Foundation awarded 10 grants totaling $450K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is The Thomas Heritage Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Thomas Heritage Foundation reported a distributable amount of $518K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Thomas Heritage Foundation's EIN?
The Thomas Heritage Foundation's EIN (Employer Identification Number) is 20-3810732. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Thomas Heritage 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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