Thunder Bay Foundation Inc
Thunder Bay Foundation Inc is a private foundation, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $33.0M in total assets. In 2024, it awarded 9 grants totaling $1.8M. Net investment income was $2.5M.
Thunder Bay Foundation Inc at a glance
In short: Thunder Bay Foundation Inc gave $1.8M across 9 grants in 2024 (avg $197K), mostly in Georgia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,770,000
- +16.4% vs 2023
- Grants made (2024)
- 9
- +12.5% vs 2023
- Average grant
- $196,667
- +3.5% vs 2023
- Median grant
- $200,000
- Total assets
- $32,959,311
- +3.8% vs 2023
- Primary geography
- Georgia (69% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Thunder Bay Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was The Kindezi Schools ($300K). Together the top 9 received $1.8M.
Grant Size Distribution
36 grants across all recorded years
The most common grant size was in the $100–250K range: 23 grants of 36 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Thunder Bay Foundation Inc gives
- Giving grew 66% from 2021 to 2024. Method
- In 2024 it paid out 97% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $1.1M (2021) to $1.8M (2024). In 2024 it made 9 grants totaling $1.8M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Kindezi Schools Atlanta, GA | General | $300,000 |
| Laamistad Inc Atlanta, GA | General | $300,000 |
| City of Refuge Atlanta, GA | General | $300,000 |
| Children's Hospital of Wisconsin Milwaukee, WI | General | $250,000 |
| Youth Opportunities Australia | General | $200,000 |
| Andrew P Stewart Center Atlanta, GA | General | $150,000 |
| Camp Lighthouse Alpharetta, GA | General | $100,000 |
| Boys & Girls Club of the Plateau Cashiers, NC | General | $100,000 |
| Goodwill of North Georgia Decatur, GA | General | $70,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $32,959,311 | $4,335,771 | $1,941,843 | $1,770,000 | 9 | $1,770,000 | $2,452,911 | $1,827,767 |
| 2023 | $31,761,385 | $3,052,024 | $1,669,932 | $1,520,000 | 8 | $1,520,000 | $1,935,582 | $1,616,568 |
| 2022 | $31,410,353 | $2,927,080 | $1,681,981 | $1,450,000 | 7 | $1,450,000 | $1,683,255 | $1,532,616 |
| 2021 | $31,101,180 | $14,351,579 | $1,272,627 | $1,066,000 | 6 | $1,066,000 | $10,013,177 | $1,489,418 |
| 2020 | $21,519,482 | $5,109,499 | $1,333,604 | $1,250,000 | 6 | — | $4,064,600 | $1,208,865 |
Under IRS private-foundation payout rules, Thunder Bay Foundation Inc reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Thunder Bay Foundation Inc is led by Teresa J. Kight, President-Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Teresa J. Kight
President-Director
On filings since 2020
1 hr/week
No compensation reported
Peter J. Kight
Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Timothy F. Agnew
Assistant Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Thunder Bay Foundation Inc
How much does Thunder Bay Foundation Inc give each year?
Thunder Bay Foundation Inc gave $1.8M across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.5M across 8 grants.
What is Thunder Bay Foundation Inc's typical grant size?
Thunder Bay Foundation Inc's median grant in 2024 was $200,000, and its average grant was $196,667, across 9 grants on its 2024 IRS Form 990-PF.
Where does Thunder Bay Foundation Inc give grants?
Thunder Bay Foundation Inc gives mostly in Georgia: 69% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Wisconsin (14%) and North Carolina (6%). The most frequent recipient cities were Atlanta, GA (4 grants).
Does Thunder Bay Foundation Inc give general operating support?
Yes: 100% of Thunder Bay Foundation Inc's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Thunder Bay Foundation Inc's largest grantees?
Thunder Bay Foundation Inc's largest 2024 grantees include The Kindezi Schools ($300,000), Laamistad Inc ($300,000) and City of Refuge ($300,000), according to its 2024 IRS Form 990-PF. Together they received 51% of its itemized 2024 grant dollars.
How large is Thunder Bay Foundation Inc?
Thunder Bay Foundation Inc reported $33.0M in total assets on its 2024 IRS Form 990-PF. It paid out $1.8M in qualifying distributions that year, against a required minimum of $1.8M (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.
What is Thunder Bay Foundation Inc's EIN?
Thunder Bay Foundation Inc's EIN (Employer Identification Number) is 26-1172656. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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