Thomas W Elward Foundation

WEST BLOOMFIELD, MI EIN: 26-3726730

Thomas W Elward Foundation is a private foundation focused on Education, based in WEST BLOOMFIELD, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $34K in total assets. In 2024, it awarded 1 grants totaling $2K. Net investment income was $42.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$34K

-2.3% YoY

Annual Giving

$2K

-6.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

-6.3% YoY

Under IRS private-foundation payout rules, Thomas W Elward Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.

About Thomas W Elward Foundation

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Michigan $9K (100%)

States

Michigan

Cities

Detroit

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$34,107	$34,911	$36,337
Revenue	$685	$656	$539
Expenses	$1,520	$1,620	$1,620
Qualifying Distributions	$1,520	$1,620	$1,600
Net Investment Income	$42	$19	$5
Distributable Amount	$1,452	$1,484	$1,555

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include St Vincent De Paul ($1,500).

Recipient	Purpose	Amount
ST VINCENT DE PAUL Detroit, MI	SUPPORT MISSION	$1,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
THOMAS W ELWARD	PRESIDENT	1	—
THOMAS J ELWARD	VICE PRESIDENT	1	—
RAYMOND R ELWARD	TREASURER	1	—
ERICA J ELWARD	SECRETARY	1	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Thomas W Elward Foundation?

Thomas W Elward Foundation is a private foundation focused on Education, based in WEST BLOOMFIELD, MI. It holds $34K in total assets as of 2024.

How large is Thomas W Elward Foundation?

As of 2024, Thomas W Elward Foundation holds $34K in total assets with $685 in annual revenue. It awarded 1 grants totaling $2K in 2024.

Where does Thomas W Elward Foundation operate?

Thomas W Elward Foundation has awarded grants in Michigan.

What size grants does Thomas W Elward Foundation award?

In 2024, Thomas W Elward Foundation awarded 1 grants totaling $2K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is Thomas W Elward Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Thomas W Elward Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.