Thornwell Family Foundation
Thornwell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51.9M in total assets. In 2024, it awarded 27 grants totaling $598K. Net investment income was $2.1M.
Key facts about Thornwell Family Foundation
- EIN
- 81-0716497
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $597,500
- Grants made (2024)
- 27
- Average grant
- $22,130
- Median grant
- $10,000
- New grantees (estimate)
- 59% first-time grantees (16 of 27, 2024)
- Total assets
- $51,878,969
- Primary geography
- Florida (39% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Thornwell Family Foundation funds
By grant dollars, the top recipient states for Thornwell Family Foundation's 27 itemized 2024 grants were Florida (39%), Ohio (37%) and Georgia (21%). The most frequent recipient cities were Cincinnati, OH (10 grants), St Petersburg, FL (2 grants) and St Augustine, FL (2 grants). None of its 27 grants with a stated purpose were described as general or operating support. Recurring purposes include "To Support Charity" (27 grants).
Is Thornwell Family Foundation open to new grantees?
59%
first-time grantees, 2024
In 2024, 16 of 27 grantees (59%) were first-time recipients. First grants averaged $27K; repeat grants $16K. How we count
Medians: $10K first-time, $10K repeat.
- 41% of 2024 grantees were also funded in 2023. Method
- Giving grew 294% from 2021 to 2024. Method
- In 2024 it paid out 30% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Thornwell Family Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$51.9M
+1406.7% YoY
Annual Giving
$598K
+146.4% YoY
Grant Count
27
+35.0% YoY
Avg Grant Size
$22K
+82.5% YoY
Under IRS private-foundation payout rules, Thornwell Family Foundation reported a distributable amount of $2.0M for 2024 — the minimum it must pay out in qualifying distributions.
About Thornwell Family Foundation
Based on IRS filings
Thornwell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $51.9M in total assets. In 2024, it awarded 27 grants totaling $598K. Net investment income was $2.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 27 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $51,878,969 | $3,443,159 | $3,509,280 |
| Revenue | $47,728,352 | $208,377 | $399,626 |
| Expenses | $989,622 | $274,498 | $230,720 |
| Qualifying Distributions | $602,553 | $242,500 | $200,000 |
| Net Investment Income | $2,100,418 | $175,981 | $382,015 |
| Distributable Amount | $1,980,518 | $172,986 | $160,102 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
100 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Greater Cincinnati Foundation FBO Katherine Andtim Stautberg Family Fund ($100,000), Raymond James Charitable FBO Rembert Andkatherine Thornwell Family Fund ($100,000), Raymond James Charitable FBO David and Terridozier Family Fund ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GREATER CINCINNATI FOUNDATION FBO KATHERINE ANDTIM STAUTBERG FAMILY FUND Cincinnati, OH | TO SUPPORT CHARITY | $100,000 |
| RAYMOND JAMES CHARITABLE FBO REMBERT ANDKATHERINE THORNWELL FAMILY FUND St Petersburg, FL | TO SUPPORT CHARITY | $100,000 |
| RAYMOND JAMES CHARITABLE FBO DAVID AND TERRIDOZIER FAMILY FUND St Petersburg, FL | TO SUPPORT CHARITY | $100,000 |
| MARR ADDICTION TREATMENT CENTERS Doraville, GA | TO SUPPORT CHARITY | $50,000 |
| THE BOYCE L ANSLEY SCHOOL INC Atlanta, GA | TO SUPPORT CHARITY | $35,000 |
| ST XAVIER HIGH SCHOOL Cincinnati, OH | TO SUPPORT CHARITY | $25,000 |
| PEOPLE WORKING COOPERATIVELY Cincinnati, OH | TO SUPPORT CHARITY | $25,000 |
| GEORGIA PURPLE HEART VETERANS FOUNDATION Cumming, GA | TO SUPPORT CHARITY | $20,000 |
| LAST MILE FOOD RESCUE Cincinnati, OH | TO SUPPORT CHARITY | $20,000 |
| XAVIER JESUIT ACADEMY Cincinnati, OH | TO SUPPORT CHARITY | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Katherine Thornwell Stautberg | President | 2 | — |
| Katherine Conrad Thornwell | Secretary | 0.5 | — |
| Timothy Edward Stautberg | Treasurer | 2 | — |
| Rembert Marshall Thornwell | Director | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thornwell Family Foundation?
Thornwell Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. It holds $51.9M in total assets as of 2024.
How large is Thornwell Family Foundation?
As of 2024, Thornwell Family Foundation holds $51.9M in total assets with $47.7M in annual revenue. It awarded 27 grants totaling $598K in 2024.
Where does Thornwell Family Foundation operate?
Thornwell Family Foundation has awarded grants in Connecticut, Florida, Georgia, Massachusetts, Michigan, Montana, Ohio, South Carolina.
What size grants does Thornwell Family Foundation award?
In 2024, Thornwell Family Foundation awarded 27 grants totaling $598K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is Thornwell Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thornwell Family Foundation reported a distributable amount of $2.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thornwell Family Foundation's EIN?
Thornwell Family Foundation's EIN (Employer Identification Number) is 81-0716497. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.