The Thomas W Bean Foundation

DENVER, CO EIN: 74-2552296

The Thomas W Bean Foundation is a private foundation, based in DENVER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 1 grants totaling $495K. Net investment income was $336K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.2M

-9.3% YoY

Annual Giving

$495K

-1.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$495K

-1.5% YoY

Under IRS private-foundation payout rules, The Thomas W Bean Foundation reported a distributable amount of $641K for 2024 — the minimum it must pay out in qualifying distributions.

About The Thomas W Bean Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Colorado $2.5M (100%)

States

Colorado

Cities

Denver

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,208,438	$2,434,323	$2,781,747
Revenue	$1,071,072	$920,781	$922,443
Expenses	$1,302,930	$1,253,762	$1,248,678
Qualifying Distributions	$600,091	$590,076	$589,171
Net Investment Income	$336,305	$207,284	$248,802
Distributable Amount	$640,794	$563,486	$578,491

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include See Attached ($495,000).

Recipient	Purpose	Amount
See Attached Denver, CO	General Support	$495,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
Elvin Caldwell Jr	President	10	$10,000
Fran Fuller	Vice President	10	$20,000
Gaylene Harris	Secretary	10	$20,000

Frequently Asked Questions

How large is The Thomas W Bean Foundation?

As of 2024, The Thomas W Bean Foundation holds $2.2M in total assets with $1.1M in annual revenue. It awarded 1 grants totaling $495K in 2024.

Where does The Thomas W Bean Foundation operate?

The Thomas W Bean Foundation has awarded grants in Colorado.

What size grants does The Thomas W Bean Foundation award?

In 2024, The Thomas W Bean Foundation awarded 1 grants totaling $495K — an average of about $495K per grant, based on its IRS Form 990 filings.

How much is The Thomas W Bean Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Thomas W Bean Foundation reported a distributable amount of $641K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.