Thrift Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $72K in total assets. In 2025, it awarded 13 grants totaling $43K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$72K
-13.5% YoY
Annual Giving
$43K
+7.5% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$3K
+7.5% YoY
Under IRS private-foundation payout rules, Thrift Inc reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
About Thrift Inc
Based on IRS filings
Thrift Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $72K in total assets. In 2025, it awarded 13 grants totaling $43K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $71,553 | $82,678 | $89,717 |
| Revenue | $33,102 | $34,161 | $29,513 |
| Expenses | $44,227 | $41,200 | $37,200 |
| Qualifying Distributions | $43,027 | $40,000 | $36,000 |
| Net Investment Income | — | $161 | — |
| Distributable Amount | $3,798 | $4,243 | $4,608 |
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 2025
Grant Size Distribution
63 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include The Lords Place ($5,000), Covenant House ($5,000), Place of Hope Inc ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE LORDS PLACE WEST PALM BEACH, FL | GIVES A NEW BEGINNING TO THE HOMELESS | $5,000 |
| A SECOND CHANCE FORT LAUDERDALE, FL | PROVIDES TUITION AND BOOKS SCHOLARSHIPS TO UNDERPR | $1,500 |
| CENTER FOR CREATIVE EDUCATION WEST PALM BEACH, FL | HELP COMMUNITY ARTISTS RESTORE CREATIVITY IN CLASS | $3,000 |
| CENTER FOR FAMILY SERVICE WEST PALM BEACH, FL | TO PROVIDE INNOVATIVE CHILD DEVELOPMENT AND FAMILY | $1,500 |
| COVENANT HOUSE FORT LAUDERDALE, FL | OPEN DOOR FOR HOMELESS | $5,000 |
| HANLEY CENTER WEST PALM BEACH, FL | TO ELIMINATE ADDICTION THOUGH PREVENTION ADVOCACY | $3,000 |
| LIGHT HOUSE FOR THE BLIND WEST PALM BEACH, FL | EMPOWERS ALL AGES WHO ARE VISUALLY IMPAIRED | $3,000 |
| PLACE OF HOPE INC PALM BEACH GARDENS, FL | PROVIDING PROGRAMS AND SERVICES TO END ABUSE NEGL | $4,000 |
| QUANTUM HOUSE West Palm Beach, FL | PROVIDES TEMPLODGING EMOTIONAL SUPPORT TO FAMILIES | $3,000 |
| REHAB CENTER OF PALM BEACH PALM BEACH, FL | OUTPATIENT PHYSICAL OCCUPATIONAL A SPEECH THERAPY | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL L MADDOCK Jr | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thrift Inc?
Thrift Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. It holds $72K in total assets as of 2025.
How large is Thrift Inc?
As of 2025, Thrift Inc holds $72K in total assets with $33K in annual revenue. It awarded 13 grants totaling $43K in 2025.
Where does Thrift Inc operate?
Thrift Inc has awarded grants in Florida.
What size grants does Thrift Inc award?
In 2025, Thrift Inc awarded 13 grants totaling $43K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Thrift Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Thrift Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Thrift Inc's EIN?
Thrift Inc's EIN (Employer Identification Number) is 59-0802932. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Thrift Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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