Thompson Scholarship Fund

Private foundation · Grantmaker Newport, RI EIN: 05-6012968

Thompson Scholarship Fund is a private foundation, based in Newport, RI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 1 grant totaling $102K. Net investment income was $109K.

Key facts about Thompson Scholarship Fund

In short: Thompson Scholarship Fund gave $102K across 1 grant in 2025 (avg $102K), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.

EIN
05-6012968
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$101,500
Grants made (2025)
1
Average grant
$101,500
Median grant
$101,500
Total assets
$1,714,989
Primary geography
Rhode Island (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.7M

+0.0% YoY

Annual Giving

$102K

+1.5% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$102K

+1.5% YoY

Under IRS private-foundation payout rules, Thompson Scholarship Fund reported a distributable amount of $119K for 2025 — the minimum it must pay out in qualifying distributions.

How Thompson Scholarship Fund gives

  • Giving held roughly steady from 2022 to 2025 (−11%). Method
  • In 2025 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Newport

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2019 1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $100K (2024) to $121K (2023). In 2025 it made 1 grant totaling $102K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

Scholarship Awards to Individual St: $102KScholarship Awards toIndividual St$102K

The largest 2025 recipient was Scholarship Awards to Individual St ($102K).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K5$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $100–250K range: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Scholarship Awards to Individual St Newport, RICollege Tuition Only$101,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,714,989$1,714,876$1,785,578
Revenue$135,479$65,910$73,286
Expenses$135,366$136,612$149,820
Qualifying Distributions$101,500$100,000$120,500
Net Investment Income$108,997$51,258$52,848
Distributable Amount$118,839$115,124$109,856

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
  3. Added Form 990-PF for fiscal year 2019 (received by the IRS June 26, 2020)
  4. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
  5. Updated Form 990-PF for fiscal year 2021 (received by the IRS September 2, 2022)
  6. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
  7. Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)

Leadership & Key People

Officers and directors from IRS filings

Thompson Scholarship Fund's 2025 filing lists 5 officers; none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • David Galvin

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Kathleen McGrath

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Miriam E. Smith

    Trustee

    On filings since 2019

    1 hr/week

    No compensation reported

  • Joseph Pratt

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Matthew Leys

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

Former officers (2)
  • Former: William W. Corcoran (2019–2020) — Trustee
  • Former: Nancy E. Allan (2019) — Trustee

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Thompson Scholarship Fund

How much does Thompson Scholarship Fund give each year?

Thompson Scholarship Fund gave $102K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100K across 1 grant.

How large is Thompson Scholarship Fund?

Thompson Scholarship Fund reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $119K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Thompson Scholarship Fund operate?

Thompson Scholarship Fund has awarded grants in Rhode Island.

What is Thompson Scholarship Fund's EIN?

Thompson Scholarship Fund's EIN (Employer Identification Number) is 05-6012968. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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