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
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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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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