TLM Foundation Inc

Private foundation · Grantmaker Forest, VA EIN: 87-4805771

TLM Foundation Inc is a private foundation, based in Forest, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $815 in total assets. In 2024, it made $40K in qualifying distributions.

TLM Foundation Inc at a glance

Total assets
$815
Revenue (2024)
$40,000
Qualifying distributions (2024)
$39,555
Expenses (2024)
$40,905
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who TLM Foundation Inc funds

How this funder distributes its grants

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

ForestLynchburg

How TLM Foundation Inc gives

  • In 2024 it paid out well above its IRS minimum distribution (the 5% rule). 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

$0$20K$40K$60K2 grants2022 0 grants2024

In 2022 it made 2 grants totaling $47K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Timberlake Christian School Forest, VATo Help Thosein Need.$31,576
Liberty University Lynchburg, VATo Help Thosein Need$15,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsDistributable Amount
2024$815$40,000$40,905——$39,555$81
2022$110,227$166,100$55,873$46,5762$54,746$593

Under IRS private-foundation payout rules, TLM Foundation Inc reported a distributable amount of $81 for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

TLM Foundation Inc is led by Glen N. Thomas, President on every filing since 2022; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Glen N. Thomas

    President

    On filings since 2022

    1 hr/week

    No compensation reported

  • Lauren Thomas

    Director

    On filings since 2022

    No compensation reported

  • Tyler Thomas

    Director

    On filings since 2022

    No compensation reported

  • Teresa H. Thomas

    Secretary & Treasurer

    On filings since 2022

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2024. "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 TLM Foundation Inc

How large is TLM Foundation Inc?

TLM Foundation Inc reported $815 in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $81 (roughly 5% of its investment assets).

Where does TLM Foundation Inc operate?

TLM Foundation Inc has awarded grants in Virginia.

What is TLM Foundation Inc's EIN?

TLM Foundation Inc's EIN (Employer Identification Number) is 87-4805771. IRS Form 990 filing data is available on this page for 2022–2024.

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

  1. IRS filings on file for fiscal years 2022–2024

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from TLM Foundation 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.

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