Thunder Bay Foundation Inc 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 $33.0M in total assets. In 2024, it awarded 9 grants totaling $1.8M. Net investment income was $2.5M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$33.0M
+3.8% YoY
Annual Giving
$1.8M
+16.4% YoY
Grant Count
9
+12.5% YoY
Avg Grant Size
$197K
+3.5% YoY
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.
About Thunder Bay Foundation Inc
Based on IRS filings
Thunder Bay Foundation Inc 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 $33.0M in total assets. In 2024, it awarded 9 grants totaling $1.8M. Net investment income was $2.5M.
Focus Areas
Ready to take the next step with Thunder Bay Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $32,959,311 | $31,761,385 | $31,410,353 |
| Revenue | $4,335,771 | $3,052,024 | $2,927,080 |
| Expenses | $1,941,843 | $1,669,932 | $1,681,981 |
| Qualifying Distributions | $1,770,000 | $1,520,000 | $1,450,000 |
| Net Investment Income | $2,452,911 | $1,935,582 | $1,683,255 |
| Distributable Amount | $1,827,767 | $1,616,568 | $1,532,616 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
36 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Kindezi Schools ($300,000), Laamistad Inc ($300,000), City of Refuge ($300,000).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TERESA J KIGHT | PRESIDENT-DIRECTOR | 1 | — |
| PETER J KIGHT | SECRETARY/TREASURER | 1 | — |
| TIMOTHY F AGNEW | ASST SECRETARY/TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Thunder Bay Foundation Inc?
Thunder Bay Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ATLANTA, GA. It holds $33.0M in total assets as of 2024.
How large is Thunder Bay Foundation Inc?
As of 2024, Thunder Bay Foundation Inc holds $33.0M in total assets with $4.3M in annual revenue. It awarded 9 grants totaling $1.8M in 2024.
Where does Thunder Bay Foundation Inc operate?
Thunder Bay Foundation Inc has awarded grants in Georgia, North Carolina, Ohio, Wisconsin.
What size grants does Thunder Bay Foundation Inc award?
In 2024, Thunder Bay Foundation Inc awarded 9 grants totaling $1.8M — an average of about $197K per grant, based on its IRS Form 990 filings.
How much is Thunder Bay Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Thunder Bay Foundation Inc reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Thunder Bay Foundation Inc's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Community Foundation for Greater
ATLANTA, GA
Assets
$1.5B
Grants
1,414
Total Given
$152.3M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
United Way of Greater Atlanta Inc
ATLANTA, GA
Assets
$109.0M
Grants
269
Total Given
$41.0M
Charities Aid Foundation America
ALEXANDRIA, VA
Assets
$444.9M
Grants
10,157
Total Given
$466.3M
Georgia Power Foundation Inc
ATLANTA, GA
Assets
$217.0M
Grants
517
Total Given
$18.6M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Raymond James Charitable Endowment Fund
ST PETERSBURG, FL
Assets
$1.9B
Grants
6,906
Total Given
$288.7M
Fraser-parker Foundation
ATLANTA, GA
Assets
$219.1M
Grants
40
Total Given
$8.3M
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
The Sartain Lanier Family Foundation Inc
ATLANTA, GA
Assets
$97.3M
Grants
88
Total Given
$4.4M
Enterprise Holdings Foundation
SAINT LOUIS, MO
Assets
—
Grants
9,499
Total Given
$73.1M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Thunder Bay Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities