Thomas S Gunning Scholarship is a private foundation focused on Education, based in BRAINTREE, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $812K in total assets. In 2024, it awarded 68 grants totaling $173K. Net investment income was $30K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$812K
+23.3% YoY
Annual Giving
$173K
+6.8% YoY
Grant Count
68
+6.3% YoY
Avg Grant Size
$3K
+0.5% YoY
Under IRS private-foundation payout rules, Thomas S Gunning Scholarship reported a distributable amount of $35K for 2024 — the minimum it must pay out in qualifying distributions.
About Thomas S Gunning Scholarship
Based on IRS filings
Thomas S Gunning Scholarship is a private foundation focused on Education, based in BRAINTREE, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $812K in total assets. In 2024, it awarded 68 grants totaling $173K. Net investment income was $30K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $812,077 | $658,371 | $519,072 |
| Revenue | $330,902 | $304,036 | $140,717 |
| Expenses | $177,196 | $164,737 | $153,599 |
| Qualifying Distributions | $173,000 | $162,000 | $150,000 |
| Net Investment Income | $30,425 | $11,194 | $1,217 |
| Distributable Amount | $35,204 | — | — |
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
235 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Liam Trask ($3,500), Aaron Johnson ($2,500), Addison Murphy ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| AARON JOHNSON ABINGTON, MA | EDUCATION | $2,500 |
| ADDISON MURPHY HUDSON, MA | EDUCATION | $2,500 |
| AIDAN LABRECQUE DUNBARTON, NH | EDUCATION | $2,500 |
| ALIVIA ZUCCALMAGLIO GREENVILLE, NH | EDUCATION | $2,500 |
| ALLISON EDDY MEDWAY, MA | EDUCATION | $2,500 |
| AMANDA FLEMING HANOVER, MA | EDUCATION | $2,500 |
| ANDREW SINE ATKINSON, NH | EDUCATION | $2,500 |
| ANGELA CONNELLY SCITUATE, MA | EDUCATION | $2,500 |
| AVERY SMITH GLOUCESTER, MA | EDUCATION | $2,500 |
| BRETT MICHAELEWICZ MERRIMACK, NH | EDUCATION | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS S GUNNING | PRESIDENT | — | — |
| JEFFREY CHASE | CLERK | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thomas S Gunning Scholarship?
Thomas S Gunning Scholarship is a private foundation focused on Education, based in BRAINTREE, MA. It holds $812K in total assets as of 2024.
How large is Thomas S Gunning Scholarship?
As of 2024, Thomas S Gunning Scholarship holds $812K in total assets with $331K in annual revenue. It awarded 68 grants totaling $173K in 2024.
Where does Thomas S Gunning Scholarship operate?
Thomas S Gunning Scholarship has awarded grants in Connecticut, Florida, Massachusetts, New Hampshire, New York, Pennsylvania, Rhode Island.
What size grants does Thomas S Gunning Scholarship award?
In 2024, Thomas S Gunning Scholarship awarded 68 grants totaling $173K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Thomas S Gunning Scholarship required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas S Gunning Scholarship reported a distributable amount of $35K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thomas S Gunning Scholarship's EIN?
Thomas S Gunning Scholarship's EIN (Employer Identification Number) is 04-3464855. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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