Vaughn and Thesta McColey
Vaughn and Thesta McColey is a private foundation, based in Smith Center, KS. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $352K in total assets. In 2026, it awarded 6 grants totaling $23K. Net investment income was $19K.
Vaughn and Thesta McColey at a glance
In short: Vaughn and Thesta McColey gave $23K across 6 grants in 2026 (avg $4K), mostly in Kansas. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $23,320
- +6.7% vs 2025
- Grants made (2026)
- 6
- -25.0% vs 2025
- Average grant
- $3,887
- +42.3% vs 2025
- Median grant
- $5,000
- Total assets
- $351,665
- -2.3% vs 2025
- Primary geography
- Kansas (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who Vaughn and Thesta McColey funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2026
The largest 2026 recipient was United Methodist Church ($6K). Together the top 6 received $23K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 33 grants of 33 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 6 itemized grants.
States
Cities
How Vaughn and Thesta McColey gives
- Giving held roughly steady from 2023 to 2026 (−6%). Method
- In 2026 it paid out 93% 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 2021 to 2026, annual grant giving ranged from $22K (2024) to $25K (2023). In 2026 it made 6 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| United Methodist Church Smith Center, KS | Annual Distribution per Trust Document | $5,830 |
| Smith County Memorial Hospital Smith Center, KS | Annual Distribution per Trust Document | $5,830 |
| Smith Center Fire Department Smith Center, KS | Grant for Partial Funding of Generator. | $5,000 |
| Center Theater Inc Smith Center, KS | Grant for Partial Funding of Insurance Premium. | $5,000 |
| Smith Center Municipal Golf Course Smith Center, KS | Grant for Partial Funding of New Cart Paths. | $1,030 |
| Smith Center Public Library Smith Center, KS | Grant for New Signage. | $630 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2026 | $351,665 | $19,564 | $27,877 | $23,320 | 6 | $25,646 | $18,869 | $27,550 |
| 2025 | $359,978 | $22,416 | $27,132 | $21,853 | 8 | $24,586 | $20,078 | $26,053 |
| 2024 | $364,694 | $13,831 | $26,207 | $21,760 | 7 | $24,064 | $14,971 | $24,157 |
| 2023 | $377,070 | $5,247 | $29,373 | $24,855 | 6 | $27,099 | $14,701 | $24,004 |
| 2022 | $401,196 | $28,793 | $27,941 | $23,098 | 6 | $25,594 | $26,639 | $27,351 |
| 2021 | $399,884 | $20,724 | $26,611 | $22,322 | 8 | — | $18,754 | $25,415 |
Under IRS private-foundation payout rules, Vaughn and Thesta McColey reported a distributable amount of $28K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Vaughn and Thesta McColey's only listed officer is The Peoples Bank, Trustee on every filing since 2021 (compensated).
Officers on the 2026 filing
The Peoples Bank
Trustee
On filings since 2021
0.5 hrs/week
$4K (2021) → $4K (2026)
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2026 IRS filing
The highest reported compensation on the 2026 filing was $4K, to The Peoples Bank (Trustee).
Frequently asked questions about Vaughn and Thesta McColey
How much does Vaughn and Thesta McColey give each year?
Vaughn and Thesta McColey gave $23K across 6 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $22K across 8 grants.
What is Vaughn and Thesta McColey's typical grant size?
Vaughn and Thesta McColey's median grant in 2026 was $5,000, and its average grant was $3,887, across 6 grants on its 2026 IRS Form 990-PF.
Where does Vaughn and Thesta McColey give grants?
Vaughn and Thesta McColey gives mostly in Kansas: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Smith Center, KS (6 grants).
Does Vaughn and Thesta McColey give general operating support?
Not in 2026: none of the 6 grants with a stated purpose on Vaughn and Thesta McColey's 2026 IRS Form 990-PF were described as general or operating support.
Who are Vaughn and Thesta McColey's largest grantees?
Vaughn and Thesta McColey's largest 2026 grantees include United Methodist Church ($5,830), Smith County Memorial Hospital ($5,830) and Smith Center Fire Department ($5,000), according to its 2026 IRS Form 990-PF. Together they received 71% of its itemized 2026 grant dollars.
How large is Vaughn and Thesta McColey?
Vaughn and Thesta McColey reported $352K in total assets on its 2026 IRS Form 990-PF. It paid out $26K in qualifying distributions that year, against a required minimum of $28K (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 Vaughn and Thesta McColey's EIN?
Vaughn and Thesta McColey's EIN (Employer Identification Number) is 42-6661934. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 7, 2021)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS July 10, 2024)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS June 13, 2025)
- Added Form 990-PF for fiscal year 2026 (received by the IRS June 10, 2026)
- IRS filings on file for fiscal years 2021–2025
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