Thompson Scholarship Fund

NEWPORT, RI EIN: 05-6012968

Thompson Scholarship Fund is a private foundation, based in NEWPORT, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.7M in total assets. In 2024, it awarded 1 grants totaling $100K. Net investment income was $51K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.7M

-4.0% YoY

Annual Giving

$100K

-17.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$100K

-17.0% YoY

Under IRS private-foundation payout rules, Thompson Scholarship Fund reported a distributable amount of $115K for 2024 — the minimum it must pay out in qualifying distributions.

About Thompson Scholarship Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $546K (100%)

States

Rhode Island

Cities

Newport

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,714,876	$1,785,578	$1,862,112
Revenue	$65,910	$73,286	$65,034
Expenses	$136,612	$149,820	$146,197
Qualifying Distributions	$100,000	$120,500	$119,500
Net Investment Income	$51,258	$52,848	$47,554
Distributable Amount	$115,124	$109,856	$119,173

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 Scholarship Awards to Individual Students ($100,000).

Recipient	Purpose	Amount
SCHOLARSHIP AWARDS TO INDIVIDUAL STUDENTS NEWPORT, RI	COLLEGE TUITION ONLY	$100,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
JOSEPH PRATT	TRUSTEE	1	—
KATHLEEN MCGRATH	TRUSTEE	1	—
MIRIAM E SMITH	TRUSTEE	1	—
DAVID GALVIN	TRUSTEE	1	—
MATTHEW LEYS	TRUSTEE	1	—

Frequently Asked Questions

How large is Thompson Scholarship Fund?

As of 2024, Thompson Scholarship Fund holds $1.7M in total assets with $66K in annual revenue. It awarded 1 grants totaling $100K in 2024.

Where does Thompson Scholarship Fund operate?

Thompson Scholarship Fund has awarded grants in Rhode Island.

What size grants does Thompson Scholarship Fund award?

In 2024, Thompson Scholarship Fund awarded 1 grants totaling $100K — an average of about $100K per grant, based on its IRS Form 990 filings.

How much is Thompson Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Thompson Scholarship Fund reported a distributable amount of $115K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.