Thrift Inc
Thrift Inc is a private foundation based in Palm Beach, Florida. Its 2026 filing reports 16 grants totaling $46,500, all to organizations in Florida.
Thrift Inc at a glance
In short: Thrift Inc gave $47K across 16 grants in 2026 (avg $3K), mostly in Florida. 27% of 2026 grantees were new. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $46,500
- +8.1% vs 2025
- Grants made (2026)
- 16
- +23.1% vs 2025
- Average grant
- $2,906
- -12.1% vs 2025
- Median grant
- $3,000
- Total assets
- $57,864
- -19.1% vs 2025
- New grantees (estimate)
- 27% first-time grantees (4 of 15, 2026; small sample)
- Primary geography
- Florida (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Thrift Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
Thrift Inc states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 317 Peruvian Ave Ste 204, Palm Beach, FL 33480
Phone: (561) 655-1483
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Thrift Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2026
The largest 2026 recipient was The Lords Place ($5K). Together the top 10 received $37K.
Organizations only. It also paid 1 individual scholarship ($1,500), which are not listed by name.
Grant Size Distribution
66 grants across all recorded years
The most common grant size was under $50K: 66 grants of 66 (100%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2026 went to recipients in Florida.
Grant Distribution by State
Share of 2026 grant dollars across all 16 itemized grants.
States
Cities
Is Thrift Inc open to new grantees?
27%
first-time grantees, 2026
In 2026, 4 of 15 grantees (27%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $2K; repeat grants $3K. How we count
Medians: $2K first-time, $3K repeat.
- 60% of 2026 grantees were also funded in 2025. Method
- Giving grew 29% from 2023 to 2026. Method
- In 2026 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2026). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $36K (2023) to $49K (2021). In 2026 it made 16 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Lords Place West Palm Beach, FL | Gives a New Beginning to the Homeless | $5,000 |
| Covenant House Fort Lauderdale, FL | Open Door for Homeless | $5,000 |
| Place of Hope Inc Palm Beach Gardens, FL | Providing Programs and Services to End Abuse Negl | $4,000 |
| Rehab Center of Palm Beach Palm Beach, FL | Outpatient Physical Occupational a Speech Therapy | $4,000 |
| Season to Share West Palm Beach, FL | Provide Health Wellness Help Residents in Need | $4,000 |
| Hanley Center West Palm Beach, FL | To Eliminate Addiction Though Prevention Advocacy | $3,000 |
| Lighthouse for the Blind West Palm Beach, FL | Empowers All Ages Who Are Visually Impaired | $3,000 |
| Quantum House West Palm Beach, FL | Provides Templodging Emotional Support to Families | $3,000 |
| South Florida Science Museum West Palm Beach, FL | Provides Educational Programming for Outreaches | $3,000 |
| Center for Creative Education West Palm Beach, FL | Help Community Artists Restore Creativity in Class | $3,000 |
Ready to take the next step with Thrift Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $57,864 | $33,517 | $47,206 | $46,500 | 16 | $39,000 | $311 | $2,986 |
| 2025 | $71,553 | $33,102 | $44,227 | $43,000 | 13 | $43,027 | — | $3,798 |
| 2024 | $82,678 | $34,161 | $41,200 | $40,000 | 13 | $40,000 | $161 | $4,243 |
| 2023 | $89,717 | $29,513 | $37,200 | $36,000 | 13 | $36,000 | — | $4,608 |
| 2022 | $97,404 | $32,058 | $41,100 | $38,000 | 11 | $40,000 | — | $5,020 |
| 2021 | $106,446 | $29,192 | $49,600 | $48,500 | 13 | — | — | $5,600 |
| 2020 | $126,854 | $32,575 | $48,105 | $47,500 | 14 | — | — | $6,630 |
Under IRS private-foundation payout rules, Thrift Inc reported a distributable amount of $3K for 2026 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for Thrift Inc is provided. Its grants include organizations working in a range of areas. For example, The Lord’s Place describes its mission as breaking the cycle of homelessness through housing and supportive services. Place of Hope says it provides a stable and loving family environment for children who are hurting and their families. The Center for Creative Education says its mission is to transform teaching and learning through creativity and the arts. Quantum House operates a home away from home for families of children receiving treatment at nearby medical centers. A an individual recipient works to foster and find homes for pregnant and nursing animals and their offspring.
Grantmaking
In filing year 2026, Thrift Inc gave 16 grants totaling $46,500. Grant amounts ranged from $1,000 to $5,000, with a median of $3,000.
Among the largest awards were $5,000 to The Lord’s Place and $5,000 to Covenant House; $4,000 each to Place of Hope, Rehab Center of Palm Beach, and Season to Share; and $3,000 each to Hanley Center, Lighthouse for the Blind, Quantum House, South Florida Science Museum, and Center for Creative Education. The filing describes the grants as supporting, among other purposes, services for people experiencing homelessness, therapy, health and wellness, addiction prevention, educational programming, and arts-based learning.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2026 filing lists PAUL L MADDOCK Jr as president.
Thrift Inc is led by PAUL L MADDOCK Jr., President on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2026 filing
PAUL L MADDOCK Jr.
President
On filings since 2020
No compensation reported
Former officers (2)
- Former: Eleanor L. Love (2020) — Director
- Former: Randolph A. Hopkins (2020) — Vice President & Secretary
Data from IRS Form 990 filings, 2020–2026. "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 Thrift Inc
How much does Thrift Inc give each year?
Thrift Inc gave $47K across 16 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $43K across 13 grants.
What is Thrift Inc's typical grant size?
Thrift Inc's median grant in 2026 was $3,000, and its average grant was $2,906, across 16 grants on its 2026 IRS Form 990-PF. Organizations receiving their first grant from Thrift Inc that year got $2K on average.
Where does Thrift Inc give grants?
Thrift Inc gives mostly in Florida: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were West Palm Beach, FL (9 grants) and Palm Beach, FL (2 grants).
Does Thrift Inc give general operating support?
Not in 2026: none of the 16 grants with a stated purpose on Thrift Inc's 2026 IRS Form 990-PF were described as general or operating support.
Who are Thrift Inc's largest grantees?
Thrift Inc's largest 2026 grantees include The Lords Place ($5,000), Covenant House ($5,000) and Place of Hope Inc ($4,000), according to its 2026 IRS Form 990-PF. It also paid 1 individual scholarship ($1,500), which are not listed by name. Together they received 30% of its itemized 2026 grant dollars.
How large is Thrift Inc?
Thrift Inc reported $58K in total assets on its 2026 IRS Form 990-PF. It paid out $39K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What does Thrift Inc fund?
No mission statement for Thrift Inc is provided. Its grants include organizations working in a range of areas. For example, The Lord’s Place describes its mission as breaking the cycle of homelessness through housing and supportive services. See mission & focus areas ↑
How do I apply for a grant from Thrift Inc?
Thrift Inc states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2020–2026.
Does Thrift Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS June 18, 2026)
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Thrift Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Sharkey Family Foundation Inc
Fort Lauderdale, FL
The Sharkey Family Foundation supports Florida organizations working in education, science, environmental stewardship, arts, mental health, youth development, and hospice care. Its 2026 grants ranged from $5,000 to $85,000, with a median of $10,000; it funds only preselected organizations and does not accept unsolicited requests.
Assets
$1.6M
Grants
11
Total Given
$208K
The Jorgenson Foundation Inc
Singer Island, FL
The Jorgenson Foundation supports health and medicine, the arts, and organizations addressing hardship and basic needs. Its 2024 grants ranged from $2,000 to $5,000, with a median of $2,000, and most funding went to Florida; it also funded organizations in several other states. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$509K
Grants
33
Total Given
$79K
Cathleen McFarlane Foundation Inc
West Palm Beach, FL
The foundation funds community nonprofits addressing homelessness, substance use and addiction, and vulnerable animal welfare, with a focus on underserved people and animals, primarily in South Florida and Palm Beach County. Its 2025 grants ranged from $1,500 to $199,000, with a median of $25,000. It does not accept unsolicited requests and contributes only to preselected organizations.
Assets
$33.8M
Grants
42
Total Given
$1.8M
Stoops Family Foundation
Delray Beach, FL
The foundation supports a range of charitable organizations; in 2025, grants ranged from $1,000 to $735,000, with a median of $11,000. Most funding went to Florida recipients, with some support in South Carolina. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$40.0M
Grants
18
Total Given
$2.3M
Ken and Harriet Mooney Charitable
Riviera Beach, FL
The foundation supports charitable organizations in areas including health care, disability services, youth housing, food access, the environment, and the arts, with most funding going to Florida. In 2025, grants ranged from $1,000 to $26,000, with a median of $2,000. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$693K
Grants
49
Total Given
$120K
Frank J Lewis Foundation Inc
Tequesta, FL
The foundation supports religious organizations, social-service groups, and other nonprofits, with most 2024 funding going to Florida organizations and additional grants in several other states and Washington, DC. Its 2024 grants ranged from $500 to $30,000, with a median of $5,000. It does not limit giving to preselected organizations, but the profile does not state whether it accepts unsolicited requests.
Assets
$1.4M
Grants
30
Total Given
$190K
More similar funders
More Funders in Florida
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Thrift Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Thrift Inc down — hundreds of funders to go?