Thigpen Family Foundation Inc

AUGUSTA, GA EIN: 81-0701435

Thigpen Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUGUSTA, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $326K in total assets. In 2024, it awarded 5 grants totaling $18K. Net investment income was $14K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$326K

-1.1% YoY

Annual Giving

$18K

+20.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$4K

+20.7% YoY

Under IRS private-foundation payout rules, Thigpen Family Foundation Inc reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.

About Thigpen Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Georgia $62K (70%)

North Carolina $27K (30%)

States

Georgia North Carolina

Cities

AtlantaAugustaCashiersEvans

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$326,494	$330,143	$329,811
Revenue	$15,251	$16,182	$-9,772
Expenses	$18,900	$15,850	$17,695
Qualifying Distributions	$17,500	$14,500	$14,000
Net Investment Income	$13,851	$14,832	$8,339
Distributable Amount	$15,499	$15,341	$16,284

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

32 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Cashiers United Methodist Church ($5,000), Safe Homes Inc ($5,000), Csra Alliance for Fort Gordon ($2,500).

Recipient	Purpose	Amount
CASHIERS UNITED METHODIST CHURCH CASHIERS, NC	RELIGIOUS	$5,000
CSRA ALLIANCE FOR FORT GORDON AUGUSTA, GA	COMMUNITY SUPPORT	$2,500
METHODIST FAMILY SERVICES AUGUSTA, GA	FAMILY SUPPORT	$2,500
SAFE HOMES INC AUGUSTA, GA	COMMUNITY SUPPORT	$5,000
WESLEY WOODS FOUNDATION ATLANTA, GA	RELIGIOUS	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RONALD L THIGPEN	PRESIDENT/CEO	—	—
MARY CAROLYN THIGPEN	SECRETARY	—	—
CAROLYN LOUISE HODGE	TREASURER	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Thigpen Family Foundation Inc?

Thigpen Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUGUSTA, GA. It holds $326K in total assets as of 2024.

How large is Thigpen Family Foundation Inc?

As of 2024, Thigpen Family Foundation Inc holds $326K in total assets with $15K in annual revenue. It awarded 5 grants totaling $18K in 2024.

Where does Thigpen Family Foundation Inc operate?

Thigpen Family Foundation Inc has awarded grants in Georgia, North Carolina.

What size grants does Thigpen Family Foundation Inc award?

In 2024, Thigpen Family Foundation Inc awarded 5 grants totaling $18K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Thigpen Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Thigpen Family Foundation Inc reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.