Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
The Thom Family Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-0374684
B Telephone number (see instructions)

(800) 839-1754
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$15,286,888J 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) 1,302,941
2 Check right arrow.............
3 Interest on savings and temporary cash investments 17,141 17,141  
4 Dividends and interest from securities... 521,953 521,953  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 395,001
b Gross sales price for all assets on line 6a 2,471,978
7 Capital gain net income (from Part IV, line 2)... 388,646
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
List of Attached Documents:
// Content
-85,417 -10,878  
12 Total. Add lines 1 through 11........ 2,151,619 916,862  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
78,479 78,479    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
6,675 1,899    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
68,719 4   68,179
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 153,873 80,382   68,179
25 Contributions, gifts, grants paid....... 537,524 537,524
26 Total expenses and disbursements. Add lines 24 and 25 691,397 80,382   605,703
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 1,460,222
b Net investment income (if negative, enter -0-) 836,480
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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.............      
2 Savings and temporary cash investments......... 947,976 783,803 783,803
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 7,433,309 Click to see attachment
List of Attached Documents:
// Content
8,568,491 		11,127,954
c Investments—corporate bonds (attach schedule)....... 1,401,457 Click to see attachment
List of Attached Documents:
// Content
1,894,449 		1,910,156
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 1,122,888 Click to see attachment
List of Attached Documents:
// Content
1,119,109 		1,464,975
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 10,905,630 12,365,852 15,286,888
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 10,905,630 12,365,852
29 Total net assets or fund balances (see instructions)..... 10,905,630 12,365,852
30 Total liabilities and net assets/fund balances (see instructions). 10,905,630 12,365,852
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
10,905,630
2
Enter amount from Part I, line 27a .....................
2
1,460,222
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
12,365,852
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,365,852
Form 990-PF (2024)
Form 990-PF (2024)
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 Publicly-traded Securities      
b Passthrough K1 Capital Gain/(Loss)      
c
d
e
(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 2,471,978   2,190,312 281,666
b       106,980
c
d
e
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       281,666
b        
c
d
e
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 2 388,646
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  
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 right arrow 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) 1 11,627
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 11,627
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 11,627
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 6,735
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 3,700
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 10,435
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 1,192
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowMN
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 2024 or the taxable year beginning in 2024? 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
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 instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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)
 
No
(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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Connie Stokman Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Andrew J Thom Dir, VP
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Cynthia L Thom Dir
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Jeff A Thom Dir, Pres, Chairperson, Treas
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
Joseph A Thom Dir, Sec
1.0 		0 0 0
Foundation Source 501 Silverside Rd
Wilmington,DE198091377
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
 
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
Foundation Source Administrative 68,153
55 Walls Drive Suite 302
Fairfield,CT06824
Total number of others receiving over $50,000 for professional services.............right arrow  
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  
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.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
12,206,716
b
Average of monthly cash balances.......................
1b
597,650
c
Fair market value of all other assets (see instructions)................
1c
1,455,503
d
Total (add lines 1a, b, and c).........................
1d
14,259,869
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
14,259,869
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
213,898
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
14,045,971
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
702,299
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
702,299
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
11,627
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
11,627
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
690,672
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
690,672
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
690,672
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
605,703
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
0
b
Cash distribution test (attach the required schedule) .................
3b
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
605,703
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 690,672
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 491,892
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 605,703
a Applied to 2023, but not more than line 2a 491,892
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount..... 113,811
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(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 0
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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		576,861
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) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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).)
Cynthia L Thom
Jeff A Thom
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
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

ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI

225 N MICHIGAN AVE 17TH FL
CHICAGO,IL60601 		N/A PC General & Unrestricted 10,000

AMERICAN HEART ASSOCIATION INC

2750 BLUE WATER RD STE 250
EAGAN,MN55121 		N/A PC General & Unrestricted 5,000

AMERICAN LUNG ASSOCIATION

55 W WACKER DR STE 1150
CHICAGO,IL60601 		N/A PC General & Unrestricted 5,000

AMERICAN NATIONAL RED CROSS

PO BOX 37839
BOONE,IA50037 		N/A PC Leadership Society fund 25,000

AMERICAN NATIONAL RED CROSS

PO BOX 37839
BOONE,IA50037 		N/A PC Disaster Relief fund 10,000

AMERICAN NATIONAL RED CROSS

PO BOX 37839
BOONE,IA50037 		N/A PC Disaster Relief - Hurricane Beryl 15,000

AMERICAN RED CROSS - SOUTH CENTRAL MN CHAPTER

105 HOMESTEAD DR
MANKATO,MN56001 		N/A PC General & Unrestricted 5,000

CANCER RESEARCH INSTITUTE INC

29 BROADWAY 4TH FL
NEW YORK,NY10006 		N/A PC General & Unrestricted 10,000

COMPASSION INTERNATIONAL INCORPORATED

12290 VOYAGER PKWY
COLORADO SPRINGS,CO80921 		N/A PC Unsponsored Children's Fund, Youth Development Fund, Clean and Sanitary Water and Medical Assistance fund 20,000

COVENANT HOUSE ALASKA

755 A ST
ANCHORAGE,AK99501 		N/A PC General & Unrestricted 5,000

CROSS CATHOLIC OUTREACH INC

PO BOX 97168
WASHINGTON,DC20090 		N/A PC Project 3130 - Vitafood Meals for the Hungry - Honduras 10,000

CROSS CATHOLIC OUTREACH INC

PO BOX 97168
WASHINGTON,DC20090 		N/A PC General & Unrestricted 25,000

CURE ALZHEIMER'S FUND

34 WASHINGTON ST SUITE 230
WELLESLEY HILLS,MA02481 		N/A PC General & Unrestricted 10,000

EMERGENCY COMMUNITY HELP ORGANIZATION ECHO

1014 S FRONT ST
MANKATO,MN56001 		N/A PC General & Unrestricted 5,000

FEED MY STARVING CHILDREN

401 93RD AVE NW
COON RAPIDS,MN55433 		N/A PC General & Unrestricted 5,000

FISHER HOUSE FOUNDATION INC

12300 TWINBROOK PKWY STE 410
ROCKVILLE,MD20852 		N/A PC General & Unrestricted 10,000

FOLDS OF HONOR FOUNDATION

5971 N PATRIOT DR
OWASSO,OK74055 		N/A PC General & Unrestricted 10,000

GARY SINISE FOUNDATION

PO BOX 40726
NASHVILLE,TN37204 		N/A PC General & Unrestricted 10,000

GREAT NORTH INNOCENCE PROJECT

229 19TH AVE SOUTH STE 285
MINNEAPOLIS,MN55455 		N/A PC General & Unrestricted 10,000

HABITAT FOR HUMANITY INTERNATIONAL INC

1730 BASSETT DR
MANKATO,MN56001 		N/A PC General & Unrestricted 2,500

HAITIAN HEALTH FOUNDATION INC

97 SHERMAN ST
NORWICH,CT06360 		N/A PC General & Unrestricted 2,500

HEIFER PROJECT INTERNATIONAL

PO BOX 8058
LITTLE ROCK,AR72203 		N/A PC to purchase Joy to the World Gift Baskets, Milk Menageries, Knitter's Gift Baskets and Flock of Chicks 6,000

JONI AND FRIENDS

30009 LADYFACE CT
AGOURA HILLS,CA91301 		N/A PC "Wheels for the World" program 5,000

JUNIOR ACHIEVEMENT USA

PO BOX 120478
SAINT PAUL,MN55112 		N/A PC Funding for the participation of 1,424 students (at 14 different South Central MN schools) to utilize JA's Finance Park Program 37,024

KIDS IN NEED FOUNDATION

200 S OWASSO BLVD E
LITTLE CANADA,MN55117 		N/A PC General & Unrestricted 3,500

LUTHERAN WORLD RELIEF INC

700 LIGHT ST
BALTIMORE,MD21230 		N/A PC Charitable Event 10,000

MANKATO AREA FOUNDATION

212 E WALNUT ST STE 1
MANKATO,MN56001 		N/A PC Elks Charitable Endowed Fund 30,000

MANKATO CHRISTIAN HIGH SCHOOL INC

709 S BROAD ST
MANKATO,MN56001 		N/A PC MCA Endowment fund 50,000

MEDECINS SANS FRONTIERES USA INC

PO BOX 5030
HAGERSTOWN,MD21741 		N/A PC International Access to Medicine Program 20,000

MERCY SHIPS INTERNATIONAL

PO BOX 2020
LINDALE,TX75771 		N/A PC Sponsor 5 operating rooms for 4 days 20,000

MINNESOTA HISTORICAL SOCIETY

345 KELLOGG BLVD W
SAINT PAUL,MN55102 		N/A PC North Star Circle Program 2,500

MINNESOTA TEEN CHALLENGE INC

740 E 24TH ST
MINNEAPOLIS,MN55404 		N/A PC General & Unrestricted 5,000

MIRACLE LEAGUE OF NORTH MANKATO

PO BOX 651
MANKATO,MN56002 		N/A PC General & Unrestricted 2,500

NAMI NATIONAL

4301 WILSON BLVD STE 300
ARLINGTON,VA22203 		N/A PC General & Unrestricted 10,000

NATIONAL ALLIANCE FOR RESEARCH ON SCHIZOPHRENIA AN

747 3RD AVE FL 33C
NEW YORK,NY10017 		N/A PC General & Unrestricted 10,000

SAINT PETER COMMUNITY FREE CLINIC

PO BOX 405
SAINT PETER,MN56082 		N/A PC General & Unrestricted 5,000

SALVATION ARMY

700 S RIVERFRONT DR
MANKATO,MN56001 		N/A PC General & Unrestricted 5,000

SAMARITANS PURSE

PO BOX 3000
BOONE,NC28607 		N/A PC International Emergency Relief fund 10,000

SCHOLA FOUNDATION

145 GOOD COUNSEL DR
MANKATO,MN56001 		N/A PC Teachers Competitive Compensation Fund 40,000

SHARING AND CARING HANDS INC

525 N 7TH ST
MINNEAPOLIS,MN55405 		N/A PC General & Unrestricted 5,000

SOUTHERN MINNESOTA INITIATIVE FOUNDATION

525 FLORENCE AVE
OWATONNA,MN55060 		N/A PC Prosperity Initiative fund 5,000

ST JUDE CHILDRENS RESEARCH HOSPITAL INC

501 ST JUDE PL
MEMPHIS,TN38105 		N/A PC General & Unrestricted 10,000

ST THOMAS MORE CATHOLIC NEWMAN CENTER PARISH OF MA

1502 WARREN ST
MANKATO,MN56001 		N/A PC General & Unrestricted 5,000

STEPHEN SILLER TUNNEL TO TOWERS FOUNDATION

2361 HYLAN BLVD
STATEN ISLAND,NY10306 		N/A PC General & Unrestricted 10,000

THE INDEPENDENCE FUND INC

412 LOUISE AVE
CHARLOTTE,NC28204 		N/A PC to purchase one Track Chair and Trailer 16,000

YOUNG LIFE

PO BOX 13
MANKATO,MN56002 		N/A PC General & Unrestricted 5,000
Total .................................right arrow 3a 537,524
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 ........... 		    14 17,141  
4 Dividends and interest from securities ....     14 521,953  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		525990 6,355 18 388,646  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aK-1 Inc/Loss 		525990 -93,039 14 -14,232  
bFederal Tax Refund     01 175  
cINCOME FROM CLOSELY HELD STOCK     01 3,354  
dLIFE INSURANCE POLICY INCOME     14 18,325  
e
12 Subtotal. Add columns (b), (d), and (e) .. -86,684 935,362  
13Total. Add line 12, columns (b), (d), and (e)..................
13
848,678
(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 (2024)
Form 990-PF (2024)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
The Thom Family Foundation Inc
 
Employer identification number

20-0374684
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
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
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
The Thom Family Foundation Inc
  		Employer identification number
20-0374684
Part I
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
Thom Jeff A
43023 520th Street
 
North Mankato, MN56003

$ 1,302,941


(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.)
(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) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
The Thom Family Foundation Inc
  		Employer identification number

20-0374684
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
 CAPITAL WORLD GROWTH & INCOME CWGIX, 4342 sh. $ 302,941 2024-12-05
(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
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
The Thom Family Foundation Inc
  		Employer identification number

20-0374684
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.) $  
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) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

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TY 2024 DepreciationSchedule
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
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

TY 2024 GeneralExplanationAttachment
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Identifier Return Reference Explanation
FORM 990-PF FORM 990-PF One or more partnerships have provided a Schedule K-3 for the tax year in which they have checked one or more of the boxes in Part I but not provided sufficient back-up information to allow the Foundation to verify why such boxes were checked or the extent to which the checking of such boxes affects any item on this return. The Foundation has prepared this return to the best of its ability and without any foreign filings for such partnerships based on the information provided to it by these partnerships and on the basis of having received no information to the contrary. Any missing or incomplete information is due to the Foundation's inability to obtain such information and is not a willful attempt to withhold such information.
PART I LINE 6A (990-PF) PART I LINE 6A (990-PF) RECONCILIATION OF NET GAIN/(LOSS) FROM SALES OF ASSETS NOT INCLUDED IN PART IV TOTAL INCLUDED IN PART IV: (DETAILS BELOW) NET GAIN/(LOSS): $388,646 TOTAL NOT INCLUDED IN PART IV: PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - UBI NET GAIN/(LOSS): $6,355 TOTAL PART I, LINE 6A: $395,001 DETAILS OF ASSETS INCLUDED IN PART IV: PUBLICLY-TRAIDED SECURITIES GROSS SALES PRICE: $2,471,978 BOOK BASIS: $2,190,312 NET GAIN/(LOSS): $281,666 PASSTHROUGH K-1 CAPITAL GAIN/(LOSS) - NON UBI NET GAIN/(LOSS): $106,980

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Name of Bond End of Year Book Value End of Year Fair Market Value
AMERICAN ELEC PWR INC SER J NO 48,750 48,841
AMERICAN HONDA FIN CORP - 4.60 24,876 24,568
AT&T INC - 4.300% - 02/15/2030 24,083 24,224
BANK NOVA SCOTIA B C SER I MTN 30,027 30,007
BMO HARRIS BK - 4.900% - 06/02 50,000 50,199
CAPITAL ONE - 4.550% - 06/01/2 99,999 102,482
CAPITAL ONE NATL - 4.600% - 06 50,000 50,684
CD BEAL BANK USA - 4.650% - 06 92,999 95,429
CD TOYOTA FINL SGS BK - 4.650% 92,999 95,419
CITIGROUP CALLABLE INCOME BARR 50,000 50,125
CONOCOPHILLIPS NOTE - 3.750% - 48,045 48,620
CVS HEALTH CORP - 5.250% - 01/ 50,814 48,841
DISCOVER BANK - 4.450% - 05/30 99,999 101,427
DUKE ENERGY CORP - 4.850% - 01 49,928 49,764
ELEVANCE HEALTH INC - 5.350% - 50,295 50,201
FISERV INC - 4.200% - 10/01/20 48,519 48,572
HP INC NOTE CALL - 4.200% - 04 23,334 23,419
HUNTINGTON BANCSHARES INC - 4. 24,558 24,928
INTERCONTINENTAL EXCHANGE INC 26,760 24,819
KIMBERLY CLARK CORP NOTE - 2.7 25,734 24,521
MANUFACTURERS & TRADEDRS - 4.9 50,000 50,142
MORGAN STANLEY - 4.400% - 05/3 50,000 51,676
MORGAN STANLEY - 4.500% - 06/0 50,000 50,560
MORGAN STANLEY - 4.600% - 06/0 50,000 50,710
MORGAN STANLEY - 4.900% - 06/0 99,999 100,408
NATIONAL RURAL UTILITIES COOP 29,471 27,949
NEXTERA ENERGY CAP HOLDINGS IN 50,060 50,092
OMNICOM GROUP INC - 2.600% - 0 42,802 42,752
ROYAL BK CDA SUSTAINABL SER I 24,703 25,067
SIMON PROPERTY GROUP - 3.300% 24,135 24,679
TORONTO DOMINION BANK SER C - 49,579 49,889
UBS BANK - 4.450% - 06/01/2028 50,000 51,766
UBS BANK - 4.550% - 06/01/2027 50,000 51,280
UBS BANK - 4.600% - 06/01/2026 99,999 101,419
WELLS FARGO - 4.050% - 01/30/2 39,000 39,072
WELLS FARGO BANK - 5.050% - 10 25,000 25,931
WELLS FARGO BANK - 5.050% - 11 25,000 25,704
WELLS FARGO BANK - 5.150% - 11 25,000 25,499
WELLS FARGO CO - 4.150% - 01/2 47,982 48,471

TY 2024 InvestmentsCorpStockSchedule
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABS 7,403 7,805
ABBVIE INC 16,797 20,080
ACCENTURE PLC 5,916 7,739
ADOBE SYSTEMS, INC 6,644 6,670
ADVANCED DRAINAGE SYSTEMS INC 2,733 1,965
ADVANCED MICRO DEVICES INC 14,911 15,582
AGILENT TECHNOLOGIES INC 2,921 10,344
AIRBNB 4,099 3,548
AKAMAI TECH COM STK 3,089 3,061
ALEXANDRIA REAL ESTATE EQUITIE 10,457 8,584
ALIGN TECHNOLOGY, INC 3,172 3,128
ALLEGION PLC 1,841 2,352
ALLSTATE CORP 13,231 13,110
ALPHABET INC CL A 27,639 49,029
ALTRIA GROUP INC 4,269 5,020
AMAZON COM 47,557 78,322
AMDOCS LIMITED 1,868 1,958
AMENTUM HOLDINGS INC 524 1,640
AMERICAN AMCAP FUND 135,883 183,814
AMERICAN BALANCED FUND CL A 744,403 907,963
AMERICAN CENTURY EQUITY INCOME 223,372 207,282
AMERICAN FUNDS CAP INCOME BUIL 146,588 164,522
AMERICAN FUNDS INCOME FD OF AM 158,841 171,288
AMERICAN FUNDS NEW PERSPECTIVE 270,302 352,580
AMERICAN FUNDS WASHINGTON MUTU 15,086 17,242
AMERICAN GROWTH FD OF AMERICA 68,718 87,557
AMERIPRISE FINANCIAL INC 17,819 30,349
AMGEN INC 6,846 6,255
APPLE INC 33,986 101,170
APPLIED MATERIALS INC 5,407 4,228
APTUS COLLARED INCOME OPPORTUN 51,766 61,286
AT&T, INC 26,594 32,470
AVERY DENNISON CORP 2,689 2,246
AXON ENTERPRISE 7,219 13,669
BANK NEW YORK MELLON CORP COM 12,674 17,594
BANK OF AMERICA CORP 15,624 27,996
BANK OF NT BUTTERFIELD AND SON 3,466 3,984
BECTON DICKINSON & CO 4,477 7,033
BERKSHIRE HATHAWAY INC. CLASS 20,197 35,356
BIO TECHNE CORPORATION 4,390 4,610
BLACKROCK INC 21,068 30,753
BOOZ ALLEN HAMILTON HOLDING CO 12,283 10,811
BOSTON SCIENTIFIC 10,541 19,025
BRISTOL-MYERS SQUIBB CO 13,673 13,461
BROADCOM INC 10,051 10,896
BROWN FORMAN CORP CL B 8,934 7,482
BUILDERS FIRST SOURCE INC 3,356 3,287
CACI INTL INC 3,226 3,232
CAPITAL WORLD GROWTH & INCOME 448,445 458,668
CBOE HOLDINGS INC 14,884 16,414
CBRE GROUP 17,161 27,571
CDW CORP 3,342 3,307
CENCORA INC 11,861 11,234
CHENIERE ENERGY INC 5,800 7,306
CHEVRON CORP 27,639 26,071
CHIPOTLE MEX GRILL 3,686 3,437
CIGNA CORPORATION 6,533 5,523
CISCO SYSTEMS INC 10,335 13,853
CITIGROUP INC 14,821 20,695
CME GROUP, INC 2,238 3,019
COGNIZANT TECHNOLOGY SOLUTIONS 2,191 3,230
COMCAST CORP 5,943 6,343
COMFORT SYSTEMS USA INC 2,778 2,968
CONSOLIDATED EDISON INC 10,833 10,440
CONSTELLATION ENERGY GROUP INC 6,278 7,830
CORPAY INC 1,770 3,384
COSTAR GROUP, INC 6,525 6,515
COSTCO WHOLESALE CORPORATION 19,007 43,065
COTERRA ENERGY INC 13,715 14,251
CRH PLC - AMERICAN DEPOSITARY 7,306 7,587
CROCS INC 2,933 2,191
CROWN CASTLE INTL 4,011 2,814
CUMMINS INC 2,365 3,486
DECKERS OUTDOOR CORPORATION 12,046 17,060
DELTA AIR LINES INC 15,165 26,076
DIAMONDBACK ENERGY INC 3,037 3,113
DICK'S SPORTING GDS 1,854 3,890
DISCOVER FINL SVCS COM 5,177 9,008
DISTILLATE US FUNDAMENTAL STAB 38,765 49,541
DROPBOX INC 2,434 2,794
DUKE ENERGY CO 3,985 4,094
EAGLE MATERIALS INC 3,014 2,961
EASTMAN CHEMICAL CO 3,080 2,831
ELECTRONIC ARTS 2,466 2,780
ELEVANCE HEALTH INC 5,559 4,058
ELI LILLY & CO 20,012 37,828
EMCOR GROUP INC 1,918 13,617
EPAM SYSTEMS INC 2,791 3,507
EURONET WORLDWIDE INC 7,453 11,415
EXPAND ENERGY CORP 5,412 5,475
EXXON MOBIL CORP 14,502 15,383
F5 NETWORKS, INC 2,771 4,024
FEDEX CORPORATION 4,033 4,220
FERGUSON PLC 3,047 2,604
FIDELITY NATIONAL FINANCIAL IN 5,206 8,870
FIRST EAGLE SOGEN GLOBAL FUND 978,188 1,179,641
FORTREA HOLDINGS INC 858 802
FORTUNE BRANDS INNOVATIONS INC 3,055 3,007
FREEPORT-MCMORAN COPPER & GOLD 12,511 14,356
GALLAGHER ARTHUR J & CO 9,105 12,489
GAP INC 12,966 11,791
GARMIN LTD 13,827 13,613
GEN DYNAMICS CP 2,770 2,898
GENERAL MILLS INC 2,994 2,487
GENPACT LIMITED 6,576 9,664
GILEAD SCIENCES INC 18,620 20,691
GLOBAL X ARTIFICIAL INTELLIGEN 155,848 216,384
GLOBAL X US INFRASTRUCTURE DEV 157,965 212,153
GLOBUS MEDICAL INC 2,869 3,474
GOLDMAN SACHS GROUP 22,413 39,511
GOLDMAN SACHS PHYSICAL GOLD ET 4,093 5,628
GOLDMAN SACHS TREASURYACCESS 0 7,405 7,394
HARTFORD BALANCED INCOME 195,154 188,185
HCA INC 5,144 5,103
HEICO CORP 8,670 10,223
HILTON WORLDWIDE HOLDINGS, INC 5,453 10,381
HOME DEPOT INC 19,664 24,506
HORMEL FOODS CP 3,294 3,231
HOWMET AEROSPACE ORD SHS 5,138 14,327
HUBSPOT INC 9,027 11,845
ICON PLC - AMERICAN DEPOSITARY 1,992 2,097
IDEX CP 166 837
ILLINOIS TOOL WORKS 2,838 3,043
INDEXIQ ETF TR CANDRIAM ESG US 10,528 14,426
INTERCONTINENTAL EXCHANGE, INC 15,977 19,818
INTUIT 8,995 9,428
INTUITIVE SURGICAL 7,982 15,137
INVESCO NASDAQ 100 ETF 14,083 13,890
IRON MOUNTAIN 8,553 14,295
ISHARE SP SMALL CAP 600 INDEX 261,735 305,333
ISHARES DJ US TECH ETF 6,772 13,400
ISHARES MORNINGSTAR GROWTH FD 14,011 13,798
ISHARES MSCI-JAPAN 109,519 110,044
ISHARES S&P 500 INDEX FD 29,076 28,845
ISHARES US INFRASTRUCTURE 5,127 6,157
ISHARESLEHMAN 7-10YR 19,709 18,490
JABIL CIRCUIT INC 1,411 3,166
JACOBS SOLUTIONS INC 3,174 10,422
JANUS HENDERSON BALANCED FUND 700,561 901,609
JAZZ PHARMACEUTICALS INC 2,274 2,217
JOHNSON & JOHNSON 25,883 23,284
JP MORGAN CHASE 15,803 28,525
KENSINGTON DYNAMIC GROWTH INST 166,922 165,241
KENVUE INC 4,609 4,377
KEYSIGHT TECHNOLOGIES INC 2,210 10,923
KIMBERLY CLARK CORP 12,532 12,056
KINROSS GOLD CORP 13,445 13,247
KLA TENCOR CORP 4,465 4,411
KROGER CO 2,186 2,935
LABCORP HLDGS INC (LABORATORY 4,864 9,861
LAM RESEARCH CORP 6,842 6,501
LEIDOS HOLDINGS INC 13,145 13,109
LENNAR CORP 3,660 3,409
LIBERTY MEDIA CORPORATION - SE 2,471 6,394
LINCOLN ELECTRIC HOLDING INC 2,823 2,812
LKQ CORPORATION 2,262 1,617
LOCKHEED MARTIN CORP 40,857 43,249
LOWES COMPANIES INC 3,286 4,442
LULULEMON ATHLETICA INC 24,785 29,828
MARRIOTT INTERNATIONAL INC. CL 12,780 23,431
MASCO CORP 2,382 3,629
MCKESSON CORP 2,734 3,989
MEDPACE HOLDINGS, INC 2,336 2,326
MERCK & CO INC 5,419 5,471
META PLATFORMS INC 17,795 27,519
MICROCHIP TECHNOLOGY INC 4,759 2,982
MICROSOFT CORP 31,145 79,664
MID-AMERICA APT COMMUNITIES IN 4,850 7,883
MOLSON COOR BREW CO CL B 12,788 10,833
MORGAN STANLEY 12,081 19,864
NETAPP, INC 2,130 3,598
NETFLIX INC 21,705 46,349
NEXTERA ENERGY, INC 17,952 20,360
NISOURCE INC 9,648 13,638
NORDSON CP 3,184 3,139
NORWEGIAN CRUISE LINE HOLDINGS 14,126 13,920
NVIDIA CORP 29,058 104,612
OCCIDENTAL PETROLEUM CORP 8,568 7,412
OMNICOM GROUP 2,580 2,409
ON SEMICONDUCTOR 3,410 2,900
ORACLE CORP 32,640 48,992
OWENS CORNING 14,005 14,988
PACCAR INC 2,992 3,641
PACKAGING CORP AMER 15,078 16,434
PALANTIR TECHNOLOGIES INC 6,150 21,025
PALO ALTO NETWORKS INC 10,555 17,468
PARKER HANNIFIN CP 12,794 22,261
PAYCHEX 11,956 14,863
PAYPAL HOLDINGS, INC 4,640 3,243
PERMIAN RESOURCES CORP CLASS A 3,180 2,646
PG & E CORP 13,450 13,460
PHILIP MORRIS INTL 7,929 9,748
PHILLIPS 66 7,073 7,747
PRIMERICA, INC 5,706 8,685
PROCTER GAMBLE CO 12,696 13,077
PROLOGIS 21,456 17,863
PULTE GROUP INC 3,503 3,267
QUALCOMM INC 24,873 27,652
QUANTA SVCS INC 6,259 13,590
QUEST DIAGNOSTICS 2,800 2,715
RAYMOND JAMES FINANCIAL INC 12,260 15,844
REGENERON PHARMACEUTICALS INC 4,971 4,986
REGIONS FINANCIAL CORP 10,448 12,912
RESMED INC 13,707 13,721
ROBINHOOD 3,851 3,614
ROPER INDUSTRIES 1,422 6,758
ROSS STORES, INC 2,492 11,799
ROYAL GOLD INC COM 3,188 3,164
SBA COMMUNICATIONS CORP 6,977 5,299
SCHWAB STRATEGIC TR US LARGE C 15,936 19,396
SCHWAB U.S. LARGE-CAP GROWTH 5,408 11,037
SEI INVESTMENTS 4,889 11,135
SERVICE NOW 12,201 18,022
SHOPIFY INC 19,617 35,727
SIMON PPTY GROUP INC 6,041 14,121
SKYWORKS SOLUTIONS, INC 2,004 2,040
SMITH A O CORP DEL COM 2,222 2,728
SNAP ON INC 5,922 8,826
SOUTHERN COPPER CORP 4,015 3,919
SPDR S&P METALS & MINING ETF 7,681 7,037
SPOTIFY TECHNOLOGY SA 13,204 18,343
SS&C TECHNOLOGIES INC 2,486 3,410
STARBUCKS CORP COM 3,659 3,650
STONE RIDGE HIGH YIELD REINSUR 167,238 159,975
SYNOPSYS, INC 7,938 8,251
SYSCO CORP 3,373 3,594
T-MOBILE US INC 12,371 18,541
TECHNIPFMC PLC 13,304 13,197
TELEDYNE TECH INC 3,415 3,713
TELEFLEX INC 3,052 3,026
TEMPUR PEDIC INTERNATIONAL INC 3,141 3,231
TENET HEALTHCARE CORP 12,188 11,992
TESLA MOTORS INC 20,831 21,404
THE BLACKSTONE GROUP INC CL A 11,923 23,449
THE HERSHEY COMPANY 3,306 2,879
THERMO FISHER SCIENTIFIC INC 12,237 13,006
TJX COMPANIES INC 17,050 25,249
TOLL BROTHERS INC 2,999 3,779
TOPBUILD CORP 2,794 2,491
TRANE TECHNOLOGIES PLC 6,310 13,297
UBER 22,070 24,188
ULTA SALON, COSMETICS & FRAGRA 2,380 2,175
UNION PACIFIC 5,895 6,841
UNITEDHEALTH GROUP INC 60,197 62,221
UNIVERSAL HLTH SVC B 3,049 3,050
US BANCORP 6,740 7,222
US FOODS HOLDING CORPORATION 3,102 3,845
VANGARD RUSSELL 1000 GROWTH 15,206 14,979
VANGUARD EQUITY INCOME - ADMIR 318,900 396,159
VANGUARD FTSE DEVELOPED MARKET 6,593 8,034
VANGUARD FTSE EMERGING MARKETS 115,109 130,226
VANGUARD INDEX TR MID-CAP INDE 226,308 455,518
VANGUARD INSTITUTIONAL INDEX 437,537 910,284
VERISIGN INC 2,813 2,897
VERIZON COMMUNICATIONS 5,405 5,719
VERTIV CL A 5,885 15,337
VIATRIS ORD SHS 3,725 3,710
VIRTU FINANCIAL INC 8,313 12,666
VISA INC 10,635 17,698
VISTRA ENERGY CORP 3,658 5,515
WAL-MART STORES INC 15,059 26,202
WALT DISNEY HOLDINGS CO 20,529 22,493
WARNER MUSIC GRP CRP 9,997 8,990
WASTE MANAGEMENT INC 5,507 11,098
WEC ENERGY GROUP, INC 3,337 3,856
WESTINGHOUSE AIR BRAKE TECHNOL 18,991 32,041
WEX, INC 3,043 2,279
WILLIAMS SONOMA INC 1,288 4,074
WOODWARD INC 13,417 13,147
ZEBRA TECHNOLOGIES CORP 12,750 15,449

TY 2024 InvestmentsOtherSchedule2
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
BLAINE FISHER ROYALTIES LLC -   100,000 100,000
BOURNE SENIORS HOUSING III LLC   41,601 100,000
BOURNE SENIORS HOUSING IV LLC   114,293 250,000
ENTERPRISE PRODUCTS PARTNERS L   3,763 4,829
GPB HOLDINGS LP   13,864  
HPI REAL ESTATE FD IX LLC   147,484 197,543
HPI REAL ESTATE FUND X LLC   216,008 330,000
MPLX LP   4,135 4,642
NW MUTUAL LIFE INS POL#12-368-   477,961 477,961

TY 2024 OtherExpensesSchedule
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Administrative Fees 68,153     68,153
K-1 Exp BOURNE SENIORS HOUSING 30 1    
K-1 Exp BOURNE SENIORS HOUSING 52 3    
K-1 Exp ENTERPRISE PRODUCTS PA 1      
K-1 Exp GPB HOLDINGS LP 457      
State or Local Filing Fees 26     26


TY 2024 OtherIncomeSchedule2
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
K-1 Inc/Loss BOURNE SENIORS HOUSING III LLC -19,287 121  
K-1 Inc/Loss BOURNE SENIORS HOUSING IV LLC -41,416 346  
K-1 Inc/Loss ENTERPRISE PRODUCTS PARTNERS LP -472    
K-1 Inc/Loss GPB HOLDINGS LP -1,036 69  
K-1 Inc/Loss HPI REAL ESTATE FD IX LLC -11,982 -4,517  
K-1 Inc/Loss HPI REAL ESTATE FUND X LLC -32,978 -10,253  
K-1 Inc/Loss MPLX LP -100 2  
Federal Tax Refund 175    
INCOME FROM CLOSELY HELD STOCK 3,354 3,354  
LIFE INSURANCE POLICY INCOME 18,325    


TY 2024 OtherProfessionalFeesSchedule
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 78,479 78,479    


TY 2024 TaxesSchedule
Name:
The Thom Family Foundation Inc
EIN:
20-0374684
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
990-PF Estimated Tax for 2024 3,800      
Foreign Tax Paid 52 52    
IRS MISCELLANEOUS FEE 360      
STATE FEES 616      
STATE TAX WITHHOLDING 1,847 1,847