Thomas H and Carolyn L
Thomas H and Carolyn L is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Park City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 10 grants totaling $279K. Net investment income was $240K.
Key facts about Thomas H and Carolyn L
- EIN
- 87-0532783
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $278,631
- Grants made (2024)
- 10
- Average grant
- $27,863
- Median grant
- $17,466
- New grantees (estimate)
- 50% first-time grantees (5 of 10, 2024)
- Total assets
- $1,317,843
- Primary geography
- Utah (62% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Thomas H and Carolyn L funds
By grant dollars, the top recipient states for Thomas H and Carolyn L's 10 itemized 2024 grants were Utah (62%) and Wisconsin (36%). The most frequent recipient cities were Salt Lake City, UT (5 grants) and Park City, UT (3 grants). None of its 10 grants with a stated purpose were described as general or operating support. Recurring purposes include "Gen Ops" (7 grants).
Is Thomas H and Carolyn L open to new grantees?
50%
first-time grantees, 2024
In 2024, 5 of 10 grantees (50%) were first-time recipients. First grants averaged $42K; repeat grants $14K. How we count
Medians: $45K first-time, $15K repeat.
- 40% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+9%). Method
- In 2024 it paid out 228% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Thomas H and Carolyn L
- How to evaluate Thomas H and Carolyn L as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-4.7% YoY
Annual Giving
$279K
+76.1% YoY
Grant Count
10
-23.1% YoY
Avg Grant Size
$28K
+128.9% YoY
Under IRS private-foundation payout rules, Thomas H and Carolyn L reported a distributable amount of $122K for 2024 — the minimum it must pay out in qualifying distributions.
About Thomas H and Carolyn L
Based on IRS filings
Thomas H and Carolyn L is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Park City, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 10 grants totaling $279K. Net investment income was $240K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 10 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,317,843 | $1,382,132 | $1,425,054 |
| Revenue | $239,719 | $124,905 | $33,279 |
| Expenses | $304,008 | $167,827 | $187,294 |
| Qualifying Distributions | $278,631 | $158,254 | $181,034 |
| Net Investment Income | $239,719 | $124,905 | $33,279 |
| Distributable Amount | $122,207 | $112,648 | $123,005 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Green Bay National RR Museum ($100,000), Fosmmitt ($52,200), Park City Educational Foundation Foundation ($45,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GREEN BAY NATIONAL RR MUSEUM Green Bay, WI | GEN OPS | $100,000 |
| FOSMMITT Park City, UT | GEN OPS | $52,200 |
| PARK CITY EDUCATIONAL FOUNDATION FOUNDATION Park City, UT | GRANTS AND SCHLOARSHIPS | $45,000 |
| UNIVERSITY OF UTAH - MUSEUM OF FINE ARTS Salt Lake City, UT | ART EDUCATION | $25,000 |
| WESTMINSTER COLLEGE Salt Lake City, UT | EDUCATION | $20,000 |
| EGYPTIAN THEATER Park City, UT | GEN OPS | $14,931 |
| UTAH SYMPHONY Salt Lake City, UT | GEN OPS | $8,000 |
| UNIVERSITY OF UTAH - ERDC Salt Lake City, UT | GEN OPS | $6,000 |
| MIDDLEBURY COMMUNITY CHARTER SCHOOL Middleberg, VA | GEN OPS | $5,000 |
| UNIVERSITY OF UTAH - NATURAL HISTORY MUSEUM Salt Lake City, UT | GEN OPS | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thomas H Fey | Treasurer | 1 | — |
| Carolyn L Fey | President | 1 | — |
| Josephine B Fey | Secretary | — | — |
| Caroline H Fey | Vice President | — | — |
| Thomas H Fey Jr | Vice President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thomas H and Carolyn L?
Thomas H and Carolyn L is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Park City, UT. It holds $1.3M in total assets as of 2024.
How large is Thomas H and Carolyn L?
As of 2024, Thomas H and Carolyn L holds $1.3M in total assets with $240K in annual revenue. It awarded 10 grants totaling $279K in 2024.
Where does Thomas H and Carolyn L operate?
Thomas H and Carolyn L has awarded grants in California, Montana, Nevada, Utah, Virginia, Wisconsin.
What size grants does Thomas H and Carolyn L award?
In 2024, Thomas H and Carolyn L awarded 10 grants totaling $279K — an average of about $28K per grant, based on its IRS Form 990 filings.
How much is Thomas H and Carolyn L required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas H and Carolyn L reported a distributable amount of $122K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas H and Carolyn L's EIN?
Thomas H and Carolyn L's EIN (Employer Identification Number) is 87-0532783. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.