Thomas B Jones & Grace Stevenson Jones
Thomas B Jones & Grace Stevenson Jones is a private foundation based in Evansville, Indiana. Its 2024 filing is marked as a final return, so the foundation appears to have wound down or stopped grantmaking.
Thomas B Jones & Grace Stevenson Jones at a glance
In short: Thomas B Jones & Grace Stevenson Jones gave $1.3M across 1 grant in 2024 (avg $1.3M), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,340,689
- +1711.7% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $1,340,689
- +1711.7% vs 2023
- Median grant
- $1,340,689
- 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 September 2026.
How to apply to Thomas B Jones & Grace Stevenson Jones
- How to Apply
-
The filing says the foundation does not restrict giving to preselected organizations. It lists Old National Bank as the contact and says forms and materials are provided upon request. Awards are restricted to residents of Grant County, Iowa, or Lafayette County, Wisconsin, attending four-year colleges or universities.
- Review Cycle
- The filing lists March 1 for the following school year. That deadline has passed for the 2026–27 school year.
- Deadline
- The filing lists March 1 for the following school year.
- Contact
Application contact: Old National Bank
Mailing address: 230 W State St, Sycamore, IL 60178
Phone: (779) 222-7011
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Thomas B Jones & Grace Stevenson Jones funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Dekalb County Community Foundation ($1.3M).
Grant Size Distribution
45 grants across all recorded years
The most common grant size was under $50K: 41 grants of 45 (91%).
Geographic Focus
Where this funder awards grants
The filing’s stated award restrictions identify eligible residents of Grant County, Iowa, and Lafayette County, Wisconsin. The foundation’s sole reported 2024 grant went to an organization in Illinois.
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Thomas B Jones & Grace Stevenson Jones gives
- Giving grew 1593% from 2021 to 2024. Method
- In 2024 it paid out well above 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 2024, annual grant giving ranged from $74K (2023) to $1.3M (2024). In 2024 it made 1 grant totaling $1.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dekalb County Community Foundation Sycamore, IL | Program Support | $1,340,689 |
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Financial History
Multi-year comparison from IRS filings
The foundation’s EIN is 36-3470630.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $24,008 | $1,359,264 | $1,340,689 | 1 | $1,356,331 | $21,055 | $49,729 |
| 2023 | $1,334,053 | $63,105 | $95,870 | $74,000 | 1 | $91,915 | $57,044 | $67,948 |
| 2022 | $1,365,326 | $-62,822 | $115,605 | $89,000 | 1 | $106,324 | $24,922 | $71,729 |
| 2021 | $1,541,052 | $204,144 | $103,888 | $79,200 | 1 | $97,755 | $199,402 | $83,186 |
| 2020 | $1,440,798 | $83,425 | $103,522 | $81,500 | 41 | — | $64,413 | $74,595 |
| 2019 | $1,460,895 | $54,998 | $104,804 | $79,300 | 47 | — | $39,824 | $72,477 |
Under IRS private-foundation payout rules, Thomas B Jones & Grace Stevenson Jones reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available filing does not state a mission. It identifies eligibility for awards as residents of Grant County, Iowa, or Lafayette County, Wisconsin, attending four-year colleges or universities. In 2024, the foundation also made a program-support grant to the DeKalb County Community Foundation. That grantee describes its purpose as serving donors’ philanthropic objectives, building lasting revenue to benefit its community’s residents, and providing leadership and resources to address community needs.
Grantmaking
In 2024, the foundation reported one grant totaling $1,340,689. The sole grant, to the DeKalb County Community Foundation in Sycamore, Illinois, was for program support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Old National Wealth Management as trustee.
Thomas B Jones & Grace Stevenson Jones's only listed officer is OLD National Wealth Management, Trustee on every filing since 2022 (compensated).
Officers on the 2024 filing
OLD National Wealth Management
Trustee
On filings since 2022
1 hr/week
$22K (2022) → $7K (2024)
Former officers (2)
- Former: First Midwest Bank OLD National (2021) — Trustee
- Former: First Midwest Bank (2019–2020) — Trustee
Data from IRS Form 990 filings, 2019–2024. "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 $7K, to Old National Wealth Management (Trustee).
Frequently asked questions about Thomas B Jones & Grace Stevenson Jones
How much does Thomas B Jones & Grace Stevenson Jones give each year?
Thomas B Jones & Grace Stevenson Jones gave $1.3M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $74K across 1 grant.
What does Thomas B Jones & Grace Stevenson Jones fund?
The available filing does not state a mission. It identifies eligibility for awards as residents of Grant County, Iowa, or Lafayette County, Wisconsin, attending four-year colleges or universities. In 2024, the foundation also made a program-support grant to the DeKalb County Community Foundation. See mission & focus areas ↑
How do I apply for a grant from Thomas B Jones & Grace Stevenson Jones?
The filing says the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Thomas B Jones & Grace Stevenson Jones make grants?
The filing’s stated award restrictions identify eligible residents of Grant County, Iowa, and Lafayette County, Wisconsin. The foundation’s sole reported 2024 grant went to an organization in Illinois.
How much is Thomas B Jones & Grace Stevenson Jones required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas B Jones & Grace Stevenson Jones reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas B Jones & Grace Stevenson Jones's EIN?
Thomas B Jones & Grace Stevenson Jones's EIN (Employer Identification Number) is 36-3470630. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS June 22, 2020)
- IRS filings on file for fiscal years 2019–2024
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Figures come from Thomas B Jones & Grace Stevenson Jones's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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