Third Growth Foundation Inc
Third Growth Foundation Inc is a private foundation, based in Atlantic Beach, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $419K in total assets. In 2025, it awarded 6 grants totaling $94K. Net investment income was $133K.
Third Growth Foundation Inc at a glance
In short: Third Growth Foundation Inc gave $94K across 6 grants in 2025 (avg $16K), mostly in New York. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $93,615
- +178.1% vs 2024
- Grants made (2025)
- 6
- +100.0% vs 2024
- Average grant
- $15,603
- +39.0% vs 2024
- Median grant
- $8,823
- Total assets
- $418,578
- +17.3% vs 2024
- Primary geography
- New York (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Third Growth Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was American Friends of Jamaica Inc ($53K). Together the top 6 received $94K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 17 grants of 18 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How Third Growth Foundation Inc gives
- Giving grew 73% from 2022 to 2025. Method
- In 2025 it paid out 137% of its IRS minimum distribution (the 5% rule). 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 2019 to 2025, annual grant giving ranged from $2K (2019) to $94K (2025). In 2025 it made 6 grants totaling $94K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Friends of Jamaica Inc New York, NY | General Support | $52,845 |
| MaliVai Washington Youth Foundation Jacksonville, FL | General Support | $10,000 |
| Beaches Council on Aging Jacksonville Beach, FL | General Support | $10,000 |
| American Friends of Episcopal Church in Cuba Greenland, NH | General Support | $7,645 |
| Sanctuary on 8th Street Jacksonville, FL | General Support | $7,625 |
| The Tom Coughlin Jay Fund Jacksonville, FL | General Support | $5,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $418,578 | $167,963 | $106,317 | $93,615 | 6 | $103,406 | $133,352 | $75,754 |
| 2024 | $356,932 | $42,587 | $18,338 | $33,664 | 3 | $34,992 | $28,129 | $84,250 |
| 2023 | $369,032 | $17,796 | $49,611 | $48,900 | 6 | $49,578 | $17,763 | $57,588 |
| 2022 | $352,096 | $17,786 | $57,956 | $54,251 | 3 | $57,923 | $14,253 | $52,188 |
| 2021 | $392,266 | $9,333 | $215 | — | — | — | $13,633 | $54,201 |
| 2020 | $383,148 | $14,178 | $668 | — | — | — | $12,632 | $41,696 |
| 2019 | $369,638 | $12,389 | $2,304 | $1,710 | 1 | — | $12,605 | $32,726 |
Under IRS private-foundation payout rules, Third Growth Foundation Inc reported a distributable amount of $76K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Third Growth Foundation Inc is led by Wayne A. Novak, Chairman on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Wayne A. Novak
Chairman
On filings since 2019
No compensation reported
Emily E. Novak
Assistant Secretary
On filings since 2019
No compensation reported
Susan Taylor
Secretary & Treasurer
On filings since 2019
No compensation reported
Todd A. Novak
Vice Chairman
On filings since 2019
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Third Growth Foundation Inc
How much does Third Growth Foundation Inc give each year?
Third Growth Foundation Inc gave $94K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $34K across 3 grants.
What is Third Growth Foundation Inc's typical grant size?
Third Growth Foundation Inc's median grant in 2025 was $8,823, and its average grant was $15,603, across 6 grants on its 2025 IRS Form 990-PF.
Where does Third Growth Foundation Inc give grants?
Third Growth Foundation Inc gives mostly in New York: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (35%) and New Hampshire (8%). The most frequent recipient cities were Jacksonville, FL (3 grants).
Does Third Growth Foundation Inc give general operating support?
Yes: 100% of Third Growth Foundation Inc's 2025 grants with a stated purpose (6 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Third Growth Foundation Inc's largest grantees?
Third Growth Foundation Inc's largest 2025 grantees include American Friends of Jamaica Inc ($52,845), MaliVai Washington Youth Foundation ($10,000) and Beaches Council on Aging ($10,000), according to its 2025 IRS Form 990-PF. Together they received 78% of its itemized 2025 grant dollars.
How large is Third Growth Foundation Inc?
Third Growth Foundation Inc reported $419K in total assets on its 2025 IRS Form 990-PF. It paid out $103K in qualifying distributions that year, against a required minimum of $76K (roughly 5% of its investment assets).
What is Third Growth Foundation Inc's EIN?
Third Growth Foundation Inc's EIN (Employer Identification Number) is 26-0524005. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 29, 2026)
- IRS filings on file for fiscal years 2020–2024
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