Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
Carl & Marilynn Thoma Foundation
 
% CARL D THOMA
Number and street (or P.O. box number if mail is not delivered to street address)231 DELGADO STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SANTA FE, NM87501
A Employer identification number

46-5446388
B Telephone number (see instructions)

(312) 254-3360
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$889,818,396J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 83,721,561
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 30,511,403 6,165,870  
5a Gross rents............ 37,500 37,500  
b Net rental income or (loss) 37,500
6a Net gain or (loss) from sale of assets not on line 10 26,145,909
b Gross sales price for all assets on line 6a 14,306,078
7 Capital gain net income (from Part IV, line 2)... 14,396,043
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 494,162 10,007,075 0
12 Total. Add lines 1 through 11........ 140,910,535 30,606,488 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages...... 525,222     525,222
15 Pension plans, employee benefits....... 92,098     90,070
16a Legal fees (attach schedule)......... Click to see attachment 62,615 0 0 62,615
b Accounting fees (attach schedule)....... Click to see attachment 78,359 39,180 0 39,179
c Other professional fees (attach schedule).... Click to see attachment 8,940,684 3,861 0 29,017
17 Interest............... 87      
18 Taxes (attach schedule) (see instructions)... Click to see attachment 4,983,487 50 0 36,882
19 Depreciation (attach schedule) and depletion... Click to see attachment 115,581    
20 Occupancy.............. 19,318     19,318
21 Travel, conferences, and meetings....... 492,977     490,695
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 372,909 0 0 374,960
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 15,683,337 43,091 0 1,667,958
25 Contributions, gifts, grants paid....... 17,797,009 15,247,759
26 Total expenses and disbursements. Add lines 24 and 25 33,480,346 43,091 0 16,915,717
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 107,430,189
b Net investment income (if negative, enter -0-) 30,563,397
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 165,358 850,656 850,656
2 Savings and temporary cash investments......... 77,017,410 132,792,659 132,792,659
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   291,208    
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 6,633 16,114 16,114
10a Investments—U.S. and state government obligations (attach schedule) 27,064    
b Investments—corporate stock (attach schedule)....... 952,143 Click to see attachment7,081,390 7,081,390
c Investments—corporate bonds (attach schedule)....... 217,335    
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 193,960,381 Click to see attachment713,241,155 713,241,155
14 Land, buildings, and equipment: basis bullet5,032,605
Less: accumulated depreciation (attach schedule) bullet390,710 1,992,353 Click to see attachment4,641,895  
15 Other assets (describe bullet) Click to see attachment28,339,896 Click to see attachment35,836,422 Click to see attachment35,836,422
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 302,969,781 894,460,291 889,818,396
Liabilities 17 Accounts payable and accrued expenses.......... 16,846 7,124
18 Grants payable.................   2,620,650
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet) Click to see attachment68,228 Click to see attachment212,952
23 Total liabilities (add lines 17 through 22)......... 85,074 2,840,726
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 302,884,707 891,619,565
29 Total net assets or fund balances (see instructions)..... 302,884,707 891,619,565
30 Total liabilities and net assets/fund balances (see instructions). 302,969,781 894,460,291
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
302,884,707
2
Enter amount from Part I, line 27a .....................
2
107,430,189
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
481,304,669
4
Add lines 1, 2, and 3 ..........................
4
891,619,565
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
891,619,565
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a LTCG PUBLICLY TRADED SECURITIES      
b LTCG NON-COVERED SECURITIES      
c STCG ON THOMA BRAVO CREDIT FUND II FEEDER, LP      
d STCG ON THOMA BRAVO CREDIT FUND I, LP      
e STCG ON THOMA BRAVO DISCOVER FUND II, LP      
STCG ON SEGAL BRYANT & HAMILL EMERGING MARKETS SMALL CAP FUND, LP      
STCG ON WESTERN MIDSTREAM PARTNERS LP      
STCG ON OCA VENTURES III, LP      
LTCG ON THOMA BRAVO CREDIT FUND II FEEDER, LP      
LTCG ON THOMA BRAVO CREDIT FUND I, LP      
LTCG ON THOMA BRAVO DISCOVER FUND GLOBAL, LP      
LTCG ON THOMA BRAVO DISCOVER FUND II, LP      
LTCG ON THOMA BRAVO DISCOVER FUND, LP      
LTCG ON THOMA BRAVO SPECIAL OPPORTUNITIES FUND I AIV, LP      
LTCG ON THOMA BRAVO SPECIAL OPPORTUNITIES FUND I, LP      
LTCL ON THOMA BRAVO SPECIAL OPPORTUNITIES FUND II, LP      
LTCG ON THOMA BRAVO FUND X, LP      
LTCG ON THOMA BRAVO FUND XII AIV, LP      
LTCL ON THOMA BRAVO FUND XII, LP      
LTCG ON WAUD CAPITAL PARTNERS QP IV, LP      
LTCG ON SEGAL BRYANT & HAMILL EMERGING MARKETS SMALL CAP FUND, LP      
LTCG ON THOMA BRAVO DISCOVER II PATHWIRE AIV, LP      
LTCL ON THOMA BRAVO FUND XI, LP      
LTCG ON OCA VENTURES III, LP      
SECT 1231 GAIN ON THOMA BRAVO FUND XII AIV, LP      
SECT 1231 LOSS ON WAUD CAPITAL PARTNERS QP IV, LP      
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 789,869   479,557 310,312
b 778,015   200,136 577,879
c 349,381     349,381
d 101,161     101,161
e 735     735
317,974     317,974
14     14
393     393
322,071     322,071
193,821     193,821
2,991,522     2,991,522
1,552,821     1,552,821
2,415,982     2,415,982
239,710     239,710
1,411,598     1,411,598
    2,038,519 -2,038,519
3,021,007     3,021,007
90,428     90,428
    35,908 -35,908
351,947     351,947
219,833     219,833
3,480,783     3,480,783
    2,402,106 -2,402,106
14,971     14,971
908,640     908,640
    407 -407
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       310,312
b       577,879
c       349,381
d       101,161
e       735
      317,974
      14
      393
      322,071
      193,821
      2,991,522
      1,552,821
      2,415,982
      239,710
      1,411,598
      -2,038,519
      3,021,007
      90,428
      -35,908
      351,947
      219,833
      3,480,783
      -2,402,106
      14,971
      908,640
      -407
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 14,396,043
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 424,831
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 424,831
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 523,236
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 70,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 593,236
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 168,405
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet168,405 RefundedBullet 11  
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNM
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.THOMAFOUNDATION.ORG
    14
    The books are in care ofbulletCARL D THOMA Telephone no.bullet (312) 254-3360

    Located atbullet231 DELGADO STSanta FeNM ZIP+4bullet87501
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
     
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    CARL D THOMA PRESIDENT
    5.0     		0 0 0
    231 DELGADO STREET
    SANTA FE,NM87501
    MARILYNN J THOMA TREASURER
    5.0     		0 0 0
    231 DELGADO STREET
    SANTA FE,NM87501
    GARY S HART SECRETARY
    5.0     		0 0 0
    231 DELGADO STREET
    SANTA FE,NM87501
    MARGO E THOMA Director
    1.0     		0 0 0
    231 DELGADO STREET
    SANTA FE,NM87501
    MARK D THOMA Director
    1.0     		0 0 0
    231 DELGADO STREET
    SANTA FE,NM87501
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    JASON FOUMBERG CURATOR, DIGITAL ART
    24.0     		58,657 3,601 0
    231 DELGADO STREET
    SANTA FE,NM87501
    KATHLEEN RICHARDS ART SPACE DIRECTOR
    40.0     		53,301 6,006 0
    231 DELGADO STREET
    SANTA FE,NM87501
    KATHRYN SANTNER CURATORIAL FELLOW
    40.0     		55,000 6,006 0
    231 DELGADO STREET
    SANTA FE,NM87501
    KATHERINE WEINSTEIN COLLECTIONS MANAGER
    40.0     		68,000 6,006 0
    231 DELGADO STREET
    SANTA FE,NM87501
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROMOTE THE STUDY, UNDERSTANDING AND ENJOYMENT OF VISUAL ARTS. ACTIVITIES INCLUDE ORGANIZING (CONTINUED ON FOOTNOTE 1) 26,649,019
    2  
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    8,073,151
    b
    Average of monthly cash balances.......................
    1b
    147,660,594
    c
    Fair market value of all other assets (see instructions)................
    1c
    596,612,304
    d
    Total (add lines 1a, b, and c).........................
    1d
    752,346,049
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    752,346,049
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    11,285,191
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    741,060,858
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    37,053,043
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    37,053,043
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    424,831
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    2,995,970
    c
    Add lines 2a and 2b............................
    2c
    3,420,801
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    33,632,242
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    33,632,242
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    33,632,242
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 33,632,242
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 6,212,099
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020...... 0
    f Total of lines 3a through e ........ 0
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 26,649,019
    a Applied to 2020, but not more than line 2a 6,212,099
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		Click to see attachment17,466,012
    d Applied to 2021 distributable amount..... 2,970,908
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 0 0
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 17,466,012
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		30,661,334
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		17,466,012
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    CARL D THOMA
    MARILYNN J THOMA
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Christine Dong
    231 Delgado St
    Santa Fe,NM87501
    (312) 254-3360
    bThe form in which applications should be submitted and information and materials they should include:
    PLEASE SEE THE WEBSITE FOR THE APPLICATION PROCESS: HTTPS://THOMAFOUNDATION.ORG/GRANTS/
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    MUST BE ART RELATED AND A 501(C)(3) ORGANIZATION.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Schwab Donor Advised Fund
    231 Delgado St
    Santa Fe,NM87501     		NONE PC Promotion of visual arts 12,176,953
    Shirley Ryan AbilityLab
    355 E Erie
    Chicago,IL60611     		NONE PC General support 100,000
    Taos Art Museum at Fechin House
    227 Paseo Del Pueblo Norte
    Taos,NM87571     		NONE PC General support 125
    American Enterprise Institute
    1789 Massachusetts Ave NW
    Washington,DC20036     		NONE PC General support 91,000
    Fundacion de Osma Gildenmeister
    231 Delgado St
    Santa Fe,NM87501     		NONE PC General support 10,000
    New Mexico School for the Arts
    500 Montezuma Ave
    Santa Fe,NM87501     		NONE PC General support 110,000
    MDS Foundation
    4573 S Broad St
    Ste 150
    Yardville,NJ08620     		NONE PC General support 250
    Brain Research Foundation
    111 W Washington St
    Ste 1460
    Chicago,IL60602     		NONE PC General support 40,000
    Art Institute of Chicago
    111 S Michigan Ave
    Chicago,IL60603     		NONE PC General support 50,000
    Chicago Shakespeare Theater
    800 E Grand Ave
    Chicago,IL60611     		NONE PC General support 100,000
    Museum of New Mexico Foundation
    1411 Paseo De Peralta
    Santa Fe,NM87501     		NONE PC General support 10,000
    Santa Fe Chamber Music Festival
    PO Box 2227
    Santa Fe,NM87504     		NONE PC General support 53,333
    Blanton Museum of Art
    200 E Martin Luther King Jr Blvd
    Austin,TX78712     		NONE PC General support 41,546
    SITE Santa Fe
    1606 Paseo de Peralta
    Santa Fe,NM87501     		NONE PC General support 30,000
    Museum of Contemporary Art Cleveland
    11400 Euclid Ave
    Cleveland,OH44106     		NONE PC General support 176,000
    University of Texas at Austin
    110 Inner Campus Dr
    Austin,TX78705     		NONE PC General support 553,645
    University of Illinois Foundation
    1305 W Green St
    Urbana,IL61801     		NONE PC General support 25,000
    Lyric Opera of Chicago
    20 N Upper Wacker Dr
    Chicago,IL60606     		NONE PC General support 2,500
    Santa Fe Opera
    301 Opera Dr
    Santa Fe,NM87506     		NONE PC General support 100,000
    Dr Rita Hazen Educational Foundation
    7 Grant Rd
    Ellwood City,PA16117     		NONE PC General support 200
    American Friends of the Prado Museum
    600 S 2nd St
    Minneapolis,MN55401     		NONE PC General support 12,500
    World Central Kitchen
    200 Massachusetts Ave NW
    7th Flr
    Washington,DC20001     		NONE PC General support 5,000
    Writers Theatre
    321 Park Ave
    Glencoe,IL60022     		NONE PC General support 25,000
    Van Duzer Vineyards
    11975 Smithfield Rd
    Dallas,OR97338     		NONE PC General support 352
    Parallel Studios
    PO Box 31674
    Santa Fe,NM87594     		NONE PC General support 30,000
    Armand Hammer Museum of Art
    10899 Wilshire Blvd
    Los Angeles,CA90024     		NONE PC General support 15,000
    Los Angeles County Museum of Art
    5905 Wilshire Blvd
    Los Angeles,CA90036     		NONE PC General support 80,000
    Santa Fe Children's Museum
    1050 Old Pecos Trl
    Santa Fe,NM87505     		NONE PC General support 10,000
    Chicago Artists Coalition
    2130 W Fulton St
    Unit B
    Chicago,IL60612     		NONE PC General support 8,000
    Corporation of the Fine Arts Museums
    50 Hagiwara Tea Garden Dr
    San Francisco,CA94118     		NONE PC General support 55,000
    University of Chicago
    5801 S Ellis Ave
    Chicago,IL60637     		NONE PC General support 25,000
    Rhizome Communications Inc
    235 Bowery
    New York,NY10002     		NONE PC General support 22,500
    RootED Alliance
    401 N Michigan Ave
    Ste 3100
    Chicago,IL60611     		NONE PC General support 100,000
    Radius Books
    227 E Palace Ave
    Ste W
    Santa Fe,NM87501     		NONE PC General support 15,000
    High Plains Educational Cooperative
    621 E Oklahoma Ave
    Ulysses,KS67880     		NONE PC General support 10,000
    Laura Vargas Murcia
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 103,155
    Electronic Arts Intermix
    264 Canal St
    3W
    New York,NY10013     		NONE PC General support 42,800
    CNM Ingenuity Deep Dive
    525 Buena Vista Dr SE
    Albuquerque,NM87106     		NONE PC General support 76,650
    OK Contemporary Arts Center
    11 NW 11th St
    Oklahoma City,OK73103     		NONE PC General support 40,000
    Creative Startups
    341 E Alameda St
    Santa Fe,NM87501     		NONE PC General support 100,000
    Phoenix Art Museum
    1625 N Central Ave
    Pheonix,AZ85004     		NONE PC General support 25,000
    Asia Society Texas Center
    1370 Southmore Blvd
    Houston,TX77004     		NONE PC General support 50,000
    Flagstaff Arts Council
    2300 N Fort Valley Rd
    Flagstaff,AZ86001     		NONE PC General support 100,000
    Georgia O'Keeffe Museum
    217 Johnston St
    Santa Fe,NM87501     		NONE PC General support 50,000
    Snow City Arts Foundation
    1653 W Congress Pkwy
    Chicago,IL60612     		NONE PC General support 75,000
    Indian Pueblo Cultural Center
    2401 12th St NW
    Albuquerque,NM87104     		NONE PC General support 50,000
    Smarthistory
    10 Woodbrook Rd
    Pleasantville,NY10570     		NONE PC General support 30,000
    John Hopkins University
    3400 N Charles St
    Baltimore,MD21218     		NONE PC General support 30,000
    Roswell Artist-in-Residence Foundation
    409 E College Blvd
    Roswell,NM88201     		NONE PC General support 12,400
    Amarillo College
    2201 S Washington St
    2411
    Amarillo,TX79109     		NONE PC General support 300,000
    Moving Arts Espanola
    68 NM-291
    Espanola,NM87532     		NONE PC General support 50,000
    Thomas BF Cummins
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 2,000
    Luisa Elena Alcala
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 2,000
    Natalila Majluf
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 2,000
    Carmen Fernandez-Salvador
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 2,000
    Allegra Burnette
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 1,200
    Christopher Barr
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 1,200
    Seema Rao
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 1,200
    Andre Gonzales
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 1,000
    Katherine McAllen
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 5,000
    Katherine Anne Mills
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 11,250
    Total .................................bullet 3a 15,247,759
    bApproved for future payment
    Shirley Ryan AbilityLab
    355 E Erie
    Chicago,IL60611     		NONE PC General support 100,000
    Brain Research Foundation
    111 W Washington St
    Ste 1460
    Chicago,IL60602     		NONE PC General support 200,000
    Chicago Shakespeare Theater
    800 E Grand Ave
    Chicago,IL60611     		NONE PC General support 100,000
    University of Texas at Austin
    110 Inner Campus Dr
    Austin,TX78705     		NONE PC General support 500,000
    University of Illinois Foundation
    1305 W Green St
    Urbana,IL61801     		NONE PC General support 75,000
    Writers Theatre
    321 Park Ave
    Glencoe,IL60022     		NONE PC General support 25,000
    Los Angeles County Museum of Art
    5905 Wilshire Blvd
    Los Angeles,CA90036     		NONE PC General support 50,000
    Chicago Artists Coalition
    2130 W Fulton St
    Unit B
    Chicago,IL60612     		NONE PC General support 8,000
    Rhizome Communications Inc
    235 Bowery
    New York,NY10002     		NONE PC General support 22,500
    RootED Alliance
    401 N Michigan Ave
    Chicago,IL60611     		NONE PC General support 200,000
    Radius Books
    227 E Palace Ave
    Ste 3100
    Santa Fe,NM87501     		NONE PC General support 50,000
    Laura Vargas Murcia
    231 Delgado St
    Ste W
    Santa Fe,NM87501     		NONE I Award 60,000
    Creative Startups
    341 E Alameda St
    Santa Fe,NM87501     		NONE PC General support 200,000
    Asia Society Texas Center
    1370 Southmore Blvd
    Houston,TX77004     		NONE PC General support 50,000
    Georgia O'Keeffe Museum
    217 Johnston St
    Santa Fe,NM87501     		NONE PC General support 50,000
    Snow City Arts Foundation
    1653 W Congress Pkwy
    Chicago,IL60612     		NONE PC General support 25,000
    Indian Pueblo Cultural Center
    2401 12th St NW
    Albuquerque,NM87104     		NONE PC General support 50,000
    Amarillo College
    2201 S Washington St
    2411
    Amarillo,TX79109     		NONE PC General support 700,000
    Moving Arts Espanola
    68 NM-291
    Espanola,NM87532     		NONE PC General support 50,000
    Katherine Anne Mills
    231 Delgado St
    Santa Fe,NM87501     		NONE I Award 33,750
    Total .................................bullet 3b 2,549,250
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....     16 37,500  
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 26,145,909  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aMISCELLANEOUS INCOME     		    01 494,162  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e) ..   57,188,974  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    57,188,974
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    Carl & Marilynn Thoma Foundation
     
    Employer identification number

    46-5446388
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    Carl & Marilynn Thoma Foundation
          		Employer identification number
    46-5446388
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    CARL MARILYNN THOMA
    159 EAST WALTON PLACE 33A
     
    CHICAGO, IL60611

    		$ 66,189,321


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    US Small Business Administration
    409 3rd Street SW
     
    Washington, DC20416

    		$ 66,228


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    3
    Carl and Marilynn Thoma Fdn 36-348
    4341 Taos Rd
     
    Dallas, TX75209

    		$ 17,466,012


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    Carl & Marilynn Thoma Foundation
          		Employer identification number

    46-5446388
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 WORKS OF ART $ 4,028,593  
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
    1
    		 VARIOUS SECURITIES $ 62,160,728  
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    Carl & Marilynn Thoma Foundation
          		Employer identification number

    46-5446388
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    TAX & ACCOUNTING 78,359 39,180 0 39,179

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    WINDOW SHADES 2014-10-07 940 433 M7   36      
    DESKS, CHAIRS & WO 2014-10-07 747 344 M7   28      
    2 VIEWING BENCHES 2014-10-07 820 380 M7   30      
    ROOM DIVIDER 2014-11-07 435 202 M7   15      
    CREDENZA 2014-11-07 520 241 M7   19      
    PRINTER 2014-12-09 1,099 549 M5          
    LAND IMPROVEMENTS 2014-06-04 1,688 427 M15   50      
    LEASEHOLD IMPROVEM 2014-08-04 1,581 261 M39   41      
    BUILDING 2015-07-15 1,144,000 160,104 M39   29,332      
    LAND 2015-07-15 286,000   L          
    SAMSUNG MONITOR 2015-07-15 990 429 M7   44      
    SPEAKER STAND 2015-07-15 506 220 M7   23      
    CAMERA, TRIPOD 2015-07-28 3,598 1,559 M7   161      
    SOUND SYSTEM 2015-09-02 1,499 649 M7   67      
    OFFICE FURNITURE 2016-08-07 578 449 M7   52      
    COMPUTERS 2016-06-30 6,581 6,202 M5   379      
    927 BACA BUILDING 2017-01-12 500,000 80,486 M39   22,727      
    927 BACA LAND 2017-01-12 125,000   L          
    GALLERY REFRIGERAT 2017-03-07 989 680 M7   88      
    LAPTOP & MONITOR 2018-07-13 1,454 1,035 M5   168      
    FUJITSU CONDENSING 2018-07-18 8,541 4,807 M7   1,067      
    BACA ROOF 2019-10-10 5,000 155 M39   128      
    LAPTOP 2019-09-26 1,633 850 M5   314      
    LIGHTWERKS EQUIP 2020-11-18 105,989 3,784 M7   29,200      
    ARGUS DATABASE 2020-04-01 7,000 2,917 M3   2,722      
    ARGUS ADD'L USER 2020-08-26 1,000 250 M3   500      
    B&H IMAGE STATION 2020-04-03 1,824 456 M5   547      
    SERVER, XDR, PRO D 2020-07-07 23,281 3,492 M5   7,916      
    SMART SIMPLE DATAB 2020-07-08 24,814 3,722 M5   8,437      
    DOTRONIX 27" MONIT 2020-11-10 8,396 299 M7          
    DOTRONIX 27" MONIT 2020-11-10 1,279 46 M7   352      
    1401 HENDERSON BLD 2021-11-23 2,755,275   M39   8,844      
    ARGUS ART 2021-12-26 4,000   M3   333      
    APPLE LAPTOP 2021-06-18 1,994   M5   499      
    ARGUS DATA SERVER 2021-06-18 2,631   M5   658      
    DUNCAN MAC 2021-07-25 1,489   M5   223      
    JASON IMAC 2021-08-31 2,422   M5   363      
    APPLE LAPTOP 2021-12-12 1,586   M5   79      
    MAC 2021-12-22 2,473   M5   124      
    FURNITURE 2021-12-23 1,349   M7   48      

    TY 2021 DistributionFromCorpusElection
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Election:
    Pursuant to IRC Sec. 4942(h)(2) and Reg. 53.4942(a)-3(d)(2), the Foundation hereby elects to treat current year qualifying distributions in excess of the immediately preceding tax year's undistributed income as being made out of corpus.

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ACADIA HEALTHCARE CO INC 607,000 607,000
    MICRO FOCUS INTL PLC REG 565,760 565,760
    SAILPOINT TECHNOLOGIES 2,417,000 2,417,000
    SELECT MEDICAL HOLDINGS 2,940,000 2,940,000
    WILLAMETTE VLY VINEYARDS 519,600 519,600
    VANECK GOLD MINERS ETF 32,030 32,030

    TY 2021 InvestmentsOtherSchedule2
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    MILLENIUM INTERNATIONAL FMV 476,866 476,866
    SBH EMERGING MKTS SMALL CAP FMV 2,171,886 2,171,886
    TB CREDIT FUND I (ONSHORE) FMV 52,358,620 52,358,620
    TB CREDIT FUND I (OFFSHORE) FMV 18,380,548 18,380,548
    TB CREDIT FUND II FMV 161,569,514 161,569,514
    THOMA BRAVO XII AIV FMV 8,211,670 8,211,670
    THOMA BRAVO EXPLORE FUND FMV 4,290,526 4,290,526
    THOMA BRAVO SPEC OPPS FUND I FMV 999,515 999,515
    THOMA BRAVO SPEC OPPS FUND II FMV 12,844,434 12,844,434
    THOMA BRAVO X FMV 23,592,857 23,592,857
    THOMA BRAVO XII FMV 23,345,940 23,345,940
    THOMA BRAVO XIII FMV 154,747,473 154,747,473
    THOMA BRAVO XII GLOBAL FMV 8,071,163 8,071,163
    THOMA BRAVO XIII GLOBAL FMV 36,196,530 36,196,530
    THOMA BRAVO SOFI AIV FMV 9,882,861 9,882,861
    THOMA BRAVO SOFI GLOBAL FMV 1,795,469 1,795,469
    WAUD CAPITAL PARTNERS OP IV FMV 8,168,779 8,168,779
    ABQID FUND FMV 51,022 51,022
    OCA VENTURES III FMV 360,646 360,646
    PENDING DISTRIBUTION FMV 484,949 484,949
    PROSTRATE MGMT DIAGNOSTICS FMV 100,000 100,000
    SBH EMERGING MKTS MUTUAL FUND FMV 168,157 168,157
    THOMA BRAVO DISCOVER FMV 2,228,292 2,228,292
    THOMA BRAVO DISCOVER AIV FMV 552,787 552,787
    THOMA BRAVO DISCOVER GLOBAL FMV 642,200 642,200
    THOMA BRAVO DISCOVER II FMV 14,706,921 14,706,921
    THOMA BRAVO DISCOVER II AIV FMV 1,737,171 1,737,171
    THOMA BRAVO DISCOVER II GLOBAL FMV 8,569,263 8,569,263
    TB DISCOVER II PATHWAY AIV FMV 3,183,941 3,183,941
    THOMA BRAVO DISCOVER III   54,073,614 54,073,614
    THOMA BRAVO DISCOVER III-P   16,671,545 16,671,545
    TB DISCOVER III GLOBAL   7,644,376 7,644,376
    THOMA BRAVO EXPLORE GLOBAL FMV 1,420,223 1,420,223
    THOMA BRAVO EXPLORE P FMV 1,026,974 1,026,974
    THOMA BRAVO XI FMV 59,081,449 59,081,449
    THOMA BRAVO XI GLOBAL FMV 5,316,768 5,316,768
    THOMA BRAVO XIV FMV 7,096,336 7,096,336
    THOMA BRAVO XIV GLOBAL FMV 1,019,870 1,019,870

    TY 2021 LandEtcSchedule2
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    WINDOW SHADES 940 939 1  
    DESKS, CHAIRS & WO 747 746 1  
    2 VIEWING BENCHES 820 820    
    ROOM DIVIDER 435 435    
    CREDENZA 520 520    
    PRINTER 1,099 1,099    
    LAND IMPROVEMENTS 1,688 1,321 367  
    LEASEHOLD IMPROVEM 1,581 302 1,279  
    BUILDING 1,144,000 189,436 954,564  
    LAND 286,000   286,000  
    SAMSUNG MONITOR 990 968 22  
    SPEAKER STAND 506 496 10  
    CAMERA, TRIPOD 3,598 3,519 79  
    SOUND SYSTEM 1,499 1,466 33  
    OFFICE FURNITURE 578 501 77  
    COMPUTERS 6,581 6,581    
    927 BACA BUILDING 500,000 103,213 396,787  
    927 BACA LAND 125,000   125,000  
    GALLERY REFRIGERAT 989 768 221  
    LAPTOP & MONITOR 1,454 1,203 251  
    FUJITSU CONDENSING 8,541 5,874 2,667  
    BACA ROOF 5,000 283 4,717  
    LAPTOP 1,633 1,164 469  
    LIGHTWERKS EQUIP 105,989 32,984 73,005  
    ARGUS DATABASE 7,000 5,639 1,361  
    ARGUS ADD'L USER 1,000 750 250  
    B&H IMAGE STATION 1,824 1,003 821  
    SERVER, XDR, PRO D 23,281 11,408 11,873  
    SMART SIMPLE DATAB 24,814 12,159 12,655  
    DOTRONIX 27" MONIT        
    DOTRONIX 27" MONIT 1,279 398 881  
    1401 HENDERSON BLD 2,755,275 8,844 2,746,431  
    ARGUS ART 4,000 333 3,667  
    APPLE LAPTOP 1,994 499 1,495  
    ARGUS DATA SERVER 2,631 658 1,973  
    DUNCAN MAC 1,489 223 1,266  
    JASON IMAC 2,422 363 2,059  
    APPLE LAPTOP 1,586 79 1,507  
    MAC 2,473 124 2,349  
    FURNITURE 1,349 48 1,301  


    TY 2021 LegalFeesSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL FEES 62,615 0 0 62,615


    TY 2021 OtherAssetsSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    ARTWORK 28,339,896 35,836,422 35,836,422


    TY 2021 OtherExpensesSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    EXHIBITION INSTALLATIONS 166,655 0 0 166,655
    FACILITIES EXPENSE 134,259 0 0 129,697
    FREIGHT 46,621 0 0 64,932
    SUBSCRIPTIONS & DUES 13,086 0 0 13,086
    GRANTS ADMINISTRATION 10,852 0 0 0
    LICENSES 590 0 0 590
    WASH SALES 253 0 0 0
    OTHER EXPENSES 593 0 0 0


    TY 2021 OtherIncomeSchedule2
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Miscellaneous Income from K-1s 0 10,007,075 0
    Miscellaneous Income 494,162 0 0


    TY 2021 OtherIncreasesSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Description Amount
    NET ASSETS AQUIRED IN ACQUISITION 420,141,417
    UNREALIZED GAIN 61,163,252


    TY 2021 OtherLiabilitiesSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Description Beginning of Year - Book Value End of Year - Book Value
    ARTWORKS PAYABLE 0 223,250
    CHASE INK CREDIT CARD 0 -10,298


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    INVESTMENT FEES 8,907,806 0 0 0
    CURATORS & LECTURERS 19,825 0 0 19,825
    PAYROLL PROCESSING FEES 4,732 0 0 4,732
    BANK & INVESTMENTS FEES 3,861 3,861 0 0
    CONSULTING FEES 3,500 0 0 3,500
    TRANSLATOR 960 0 0 960


    TY 2021 TaxesSchedule
    Name:
    Carl & Marilynn Thoma Foundation
    EIN:
    46-5446388
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    FEDERAL TAXES 4,946,555 0 0 0
    REAL ESTATE TAXES 36,882 0 0 36,882
    FOREIGN TAXES 50 50 0 0