The Thorson Foundation
The Thorson Foundation is a private foundation based in Illinois. Its 2024 filing reports one grant of $161,000 to a recipient listed as “SEE ATTACHED SCHEDULE,” for general support.
The Thorson Foundation at a glance
In short: The Thorson Foundation gave $161K across 1 grant in 2024 (avg $161K), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $161,000
- +1.6% vs 2023
- Grants made (2024)
- 1
- -98.1% vs 2023
- Average grant
- $161,000
- +5182.0% vs 2023
- Median grant
- $161,000
- Total assets
- $2,342,771
- +1.4% vs 2023
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Thorson Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: The Northern Trust Company, PO Box Chi, IL 60680
Phone: (312) 630-6000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Thorson Foundation funds
How this funder distributes its grants
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 52 grants of 56 (93%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Illinois.
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Thorson Foundation gives
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $145K (2020) to $177K (2022). In 2024 it made 1 grant totaling $161K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Schedule See Attached Schedule, IL | General Support | $161,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,342,771 | $242,867 | $200,796 | $161,000 | 1 | $180,447 | $222,518 | $188,759 |
| 2023 | $2,311,258 | $102,829 | $195,902 | $158,500 | 52 | $175,705 | $88,335 | $171,562 |
| 2022 | $2,395,500 | $284,441 | $214,036 | $176,500 | 1 | $194,228 | $268,602 | $170,729 |
| 2021 | $2,325,529 | $200,895 | $190,800 | $152,500 | 1 | $171,351 | $182,453 | $192,670 |
| 2020 | $2,315,857 | $145,472 | $177,738 | $144,800 | 1 | — | $129,790 | $168,661 |
Under IRS private-foundation payout rules, The Thorson Foundation reported a distributable amount of $189K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
The foundation reported giving $161,000 through one grant in 2024. The grant was listed as “SEE ATTACHED SCHEDULE” and designated for general support. The recipient’s identity is not provided here.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Donald Thorson as secretary/treasurer, Dana DeAngelis as president, and Andrew Foord as trustee.
The Thorson Foundation is led by Dana Deangelis, President on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Dana Deangelis
President
On filings since 2020
30 hrs/week
$4K (2020) → $4K (2024)
Andrew Foord
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Donald Thorson
Secretary & Treasurer
Trustee → Secretary & Treasurer, 2023
On filings since 2020
3 hrs/week
No compensation reported
Former officers (2)
- Former: John C. Goodall Jr. (2020–2022) — Director
- Former: John Goodall III (2020–2022) — Secretary & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $4K, to Dana Deangelis (President).
Frequently asked questions about The Thorson Foundation
How much does The Thorson Foundation give each year?
The Thorson Foundation gave $161K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $159K across 52 grants.
How large is The Thorson Foundation?
The Thorson Foundation reported $2.3M in total assets on its 2024 IRS Form 990-PF. It paid out $180K in qualifying distributions that year, against a required minimum of $189K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
How do I apply for a grant from The Thorson Foundation?
The foundation does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does The Thorson Foundation make grants?
All grant dollars reported for 2024 went to recipients in Illinois.
What is The Thorson Foundation's EIN?
The Thorson Foundation's EIN (Employer Identification Number) is 36-6051916. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Thorson Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS June 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 12, 2025)
- IRS filings on file for fiscal years 2020–2024
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