Thornburgh Family Foundation
- Assets
- $7.1m
- Revenue
- $213.7k
- Investments
- $6.9m
- Employees
- 0
- Location
- Palm Beach, FL
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-3950886
Organization Overview
Thornburgh Family Foundation is located in Palm Beach, FL. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thornburgh Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Thornburgh Family Foundation generated $213.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.9%) each year. All expenses for the organization totaled $428.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thornburgh Family Foundation has awarded 48 individual grants totaling $2,849,339. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Thornburgh Trustee | 0 | $0 | |
Cornelia P Thornburgh Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,750 |
| Interest on Savings | $33,574 |
| Dividends & Interest | $135,219 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,008 |
| Capital Gain Net Income | $57,008 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$22,876 |
| Total Revenue | $213,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $591 |
| Taxes | $20,733 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,701 |
| Total operating and administrative expenses | $63,225 |
| Contributions, gifts, grants paid | $365,000 |
| Total expenses and disbursements | $428,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $129,540 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,908,715 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,808 |
| Total assets | $7,051,065 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Thornburgh Family Foundation has awarded $365,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF CINCINNATI FOUNDATION PURPOSE: GENERAL SUPPORT | $210,000 |
ST XAVIER HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $25,000 |
TRINITY COLLEGE PURPOSE: GENERAL SUPPORT | $75,000 |
PESTALOZZI U S CHILDRENS CHARITY INC PURPOSE: GENERAL SUPPORT | $5,000 |
THE LORDS PLACE PURPOSE: GENERAL SUPPORT | $50,000 |