WB & Candace Thoman Foundation
WB & Candace Thoman Foundation is a private foundation focused on Economically disadvantaged people, based in LANSING, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 11 grants totaling $227K. Net investment income was $120K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
-5.7% YoY
Annual Giving
$227K
+552.7% YoY
Grant Count
11
+266.7% YoY
Avg Grant Size
$21K
+78.0% YoY
Under IRS private-foundation payout rules, WB & Candace Thoman Foundation reported a distributable amount of $138K for 2024 — the minimum it must pay out in qualifying distributions.
About WB & Candace Thoman Foundation
Based on IRS filings
WB & Candace Thoman Foundation is a private foundation focused on Economically disadvantaged people, based in LANSING, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it awarded 11 grants totaling $227K. Net investment income was $120K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,064,136 | $2,189,499 | $2,170,191 |
| Revenue | $146,070 | $93,388 | $159,744 |
| Expenses | $271,433 | $74,080 | $175,455 |
| Qualifying Distributions | $241,471 | $44,759 | $142,119 |
| Net Investment Income | $120,153 | $69,259 | $135,116 |
| Distributable Amount | $138,433 | $127,633 | $125,523 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Big Brothers Big Sisters ($40,000), Boys Girls Club of Lansing ($40,000), Everett High School ($31,472).
| Recipient | Purpose | Amount |
|---|---|---|
| Happendance Okemos, MI | Arts and Education Programming | $28,000 |
| Highfields Inc Onondaga, MI | Continuation of Creative Arts Program with Sarah Gothard at REACH Studio Art Center | $7,600 |
| Impression 5 Museum Lansing, MI | $10,000 Admission for Lansing STEM/STEAM and Big Science Lesson, $3,000 Membership and L.A.B.S. Scholarships for Thoman Scholars, and $2,000 Programs, Meetings, and Materials for Thoman Scholars and Youth Action Council | $15,000 |
| Big Brothers Big Sisters Lansing, MI | Increase number of underprivileged children, mentors, & public awareness of mentorship program. | $40,000 |
| Capital Area Literacy Coalition Lansing, MI | Read to Succeed Program | $26,800 |
| Everett High School Lansing, MI | Theater Department - Six Programs | $31,472 |
| Boys Girls Club of Lansing Lansing, MI | Project Learn 2.0, 100 Boys and Girls | $40,000 |
| Mikey 23 Foundation Inc Lansing, MI | New Program: Weapons Court Juvenile | $17,500 |
| Highfields Inc Onondaga, MI | Expansion of Hip Hop Music Therapy Program | $12,600 |
| MI State University College of Musi East Lansing, MI | Eric RicStar Winter Music Therapy Camp, general financial assistance for CMS -EL students | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Frederick M Baker Jr | President | — | — |
| Helen Pratt Mickens | Secretary | — | — |
| Claudia Remenar | Treasurer | — | — |
| Rita Proctor Canady | Trustee | — | — |
| Steven L Lonzo | Trustee | — | — |
| Melik Brown | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is WB & Candace Thoman Foundation?
WB & Candace Thoman Foundation is a private foundation focused on Economically disadvantaged people, based in LANSING, MI. It holds $2.1M in total assets as of 2024.
How large is WB & Candace Thoman Foundation?
As of 2024, WB & Candace Thoman Foundation holds $2.1M in total assets with $146K in annual revenue. It awarded 11 grants totaling $227K in 2024.
Where does WB & Candace Thoman Foundation operate?
WB & Candace Thoman Foundation has awarded grants in Michigan.
What size grants does WB & Candace Thoman Foundation award?
In 2024, WB & Candace Thoman Foundation awarded 11 grants totaling $227K — an average of about $21K per grant, based on its IRS Form 990 filings.
How much is WB & Candace Thoman Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, WB & Candace Thoman Foundation reported a distributable amount of $138K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is WB & Candace Thoman Foundation's EIN?
WB & Candace Thoman Foundation's EIN (Employer Identification Number) is 23-7029842. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in WB & Candace Thoman Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.