Thomas P Duncan Jr Foundation
Thomas P Duncan Jr Foundation is a private foundation, based in SALISBURY, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $823K in total assets. In 2024, it made $133K in qualifying distributions. Net investment income was $439K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$823K
+8.0% YoY
Revenue
$450K
+699.0% YoY
Qualifying Distributions
$133K
-65.4% YoY
Expenses
$74K
+10.5% YoY
Under IRS private-foundation payout rules, Thomas P Duncan Jr Foundation reported a distributable amount of $99K for 2024 — the minimum it must pay out in qualifying distributions.
About Thomas P Duncan Jr Foundation
Based on IRS filings
Thomas P Duncan Jr Foundation is a private foundation, based in SALISBURY, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $823K in total assets. In 2024, it made $133K in qualifying distributions. Net investment income was $439K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $822,814 | $761,903 | $463,773 |
| Revenue | $449,520 | $56,263 | $53,129 |
| Expenses | $74,468 | $67,390 | $71,899 |
| Qualifying Distributions | $132,868 | $383,894 | $127,987 |
| Net Investment Income | $439,197 | $55,213 | $52,173 |
| Distributable Amount | $99,330 | $107,920 | $121,516 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK H RUTTER | PRESIDENT | — | — |
| CHARLES M RUTTER IV | TRUSTEE | — | — |
| SUE W REDD | TRUSTEE | — | — |
| THOMAS D RUTTER | TRUSTEE | — | — |
Frequently Asked Questions
How large is Thomas P Duncan Jr Foundation?
As of 2024, Thomas P Duncan Jr Foundation holds $823K in total assets with $450K in annual revenue.
Where does Thomas P Duncan Jr Foundation operate?
Thomas P Duncan Jr Foundation has awarded grants in Virginia.
How much is Thomas P Duncan Jr Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas P Duncan Jr Foundation reported a distributable amount of $99K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas P Duncan Jr Foundation's EIN?
Thomas P Duncan Jr Foundation's EIN (Employer Identification Number) is 54-0920302. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Thomas P Duncan Jr Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.