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 THOMAS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1779
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
FRISCO, TX75034
A Employer identification number

20-1831468
B Telephone number (see instructions)

(972) 407-6162
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$12,641,490J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 435,047 435,047  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 324,205
b Gross sales price for all assets on line 6a 2,001,395
7 Capital gain net income (from Part IV, line 2)... 324,205
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
2,287 2,287  
12 Total. Add lines 1 through 11........ 761,539 761,539  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 90,000     67,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 17,204     10,203
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,345      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,920      
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
75,937 72,857    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 190,406 72,857   77,703
25 Contributions, gifts, grants paid....... 520,000 520,000
26 Total expenses and disbursements. Add lines 24 and 25 710,406 72,857   597,703
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 51,133
b Net investment income (if negative, enter -0-) 688,682
c Adjusted net income (if negative, enter -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......... 292,569 374,915 374,915
3 Accounts receivable right arrow989
Less: allowance for doubtful accounts right arrow     989 989
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)....... 4,220,821 Click to see attachment
List of Attached Documents:
// Content
4,263,567 		4,263,567
c Investments—corporate bonds (attach schedule).......      
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).......... 7,909,419 Click to see attachment
List of Attached Documents:
// Content
7,976,470 		8,002,019
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) 12,422,809 12,615,941 12,641,490
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
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 12,422,809 12,615,941
29 Total net assets or fund balances (see instructions)..... 12,422,809 12,615,941
30 Total liabilities and net assets/fund balances (see instructions). 12,422,809 12,615,941
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
12,422,809
2
Enter amount from Part I, line 27a .....................
2
51,133
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
141,999
4
Add lines 1, 2, and 3 ..........................
4
12,615,941
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
12,615,941
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 P    
b PUBLICLY TRADED SECURITIES P    
c PUBLICLY TRADED SECURITIES P    
d KKR INFRASTRUCTURE CONGLOMERATE LLC P    
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 195,897   229,533 -33,636
b 1,501,602   1,230,700 270,902
c 296,590   216,957 79,633
d 7,306     7,306
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       -33,636
b       270,902
c       79,633
d       7,306
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 2 324,205
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 9,573
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 9,573
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 9,573
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 9,403
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,403
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 21
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 191
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
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
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 arrowTX
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 arrowN/A
14
The books are in care ofright arrowSTANLEY THOMAS Telephone no.right arrow (972) 407-6162

Located atright arrow6071 STAR MESA DRFRISCOTX ZIP+4right arrow75034
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)
Yes
 
(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
 
No
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
 
 
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
STANLEY THOMAS PRES/DIR
4.00 		0 0 0
PO BOX 1779
FRISCO,TX75034
DEBORAH THOMAS SEC/TREAS/DI
30.00 		42,000 0 0
PO BOX 1779
FRISCO,TX75034
MICHAEL THOMAS DIRECTOR
30.00 		48,000 10,319 0
PO BOX 1779
FRISCO,TX75034
DAVID THOMAS DIRECTOR
1.00 		0 0 0
PO BOX 1779
FRISCO,TX75034
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
NONE
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
NONE
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 N/A  
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
12,000,479
b
Average of monthly cash balances.......................
1b
452,066
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
12,452,545
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
 
3
Subtract line 2 from line 1d.........................
3
12,452,545
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
186,788
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
12,265,757
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
613,288
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
613,288
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
9,573
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,573
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
603,715
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
603,715
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
603,715
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
597,703
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
597,703
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 7 603,715
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
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...... 46,497
f Total of lines 3a through e ........ 46,497
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 597,703
a Applied to 2023, but not more than line 2a  
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..... 597,703
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024. 6,012 6,012
(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 40,485
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 .......... 		0
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 ...... 		40,485
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023.... 40,485
e Excess from 2024....  
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).)
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

ABBA WOMEN'S CENTER

PO BOX 256
GAINESVILLE,TX76241 		N/A PC PREGNANCY RESOURCES 10,000

AGAPE RESOURCE AND ASSISTANCE
CENTER
PO BOX 861664
PLANO,TX75086 		N/A PC HOUSING AND SUPPORT FOR SINGLE MOMS 10,000

ALIVE AT LAST

PO BOX 1031
NEWARK,TX76071 		N/A PC HELPING SURVIVORS OF SEXUAL EXPLOIT 10,000

BELLA HOUSE

PO BOX 940802
PLANO,TX75094 		N/A PC HOUSING FOR HOMELESS PREGNANT WOMEN 10,000

BEYOND ORDINARY WOMEN MINISTRIES

4757 W PARK BLVD 113-198
PLANO,TX75093 		N/A PC TRAINING IN UNDER-RESOURCED CHURCHES 5,000

BRAVELOVE INC

2633 MCKINNEY AV 130-266
DALLAS,TX75204 		N/A PC ADOPTION ASSISTANCE 20,000

BROTHER BILL'S HELPING HAND

P O BOX 565846
DALLAS,TX75356 		N/A PC FOOD, CLOTHING, MEDICINE & ENCOURAGE 10,000

CHRISTIAN COMMUNITY ACTION

200 S MILL ST
LEWISVILLE,TX75057 		N/A PC EDUCATIONAL MATERIALS 10,000

CHRISTIAN WORKS FOR CHILDREN

5440 HARVEST HILL RD 140
DALLAS,TX75230 		N/A PC ADOPTION & FAMILY COUNSELING 10,000

DALLAS LIFE FOUNDATION

PO BOX 130116
DALLAS,TX75313 		N/A PC PROVIDE SHELTER FOR THE HOMELESS 20,000

DISCIPLES MAKING DISCIPLES MINISTRY

5005 LBJ FWY STE 1600
DALLAS,TX75244 		N/A PC MISSIONS 15,000

DON D THORNTON MINISTRIES

314 S KEECHI STREET
FAIRFIELD,TX75840 		N/A PC CHRISTIAN MOTORCYCLE MINISTRY 5,000

E3PARTNERS

P O BOX 1053
SEARCY,AR72145 		N/A PC SUDAN, EGYPT, ROMANIA MISSIONS 10,000

EAST-WEST MINISTRIES INT'L

2001 W PLANO PKWY 3000
PLANO,TX75075 		N/A PC STUDENT WITNESSING & TESTIMONY 10,000

EXODUS MINISTRY

4630 MUNGER AVE 110
DALLAS,TX75203 		N/A PC WOMEN AND CHILDREN SAFETY 10,000

FIRSTLOOK

213 YMCA DRIVE
WAXAHACHIE,TX75165 		N/A PC FAITH-BASED CRISIS PREGNANCY CENTER 10,000

FORERUNNERS MENTORING PROGRAM

10228 E NORTHWEST HWY 24
DALLAS,TX75238 		N/A PC AFTERSCHOOL PROGRAMS & MENTORING 10,000

HARVESTERS REACHING THE NATIONS

2011 WEST PLANO PKW 3432
PLANO,TX75075 		N/A PC MEDICAL & SCHOOL EXPENSES 25,000

HHM HEALTHCARE

PO BOX 741524
DALLAS,TX75374 		N/A PC HEALTH NEEDS FOR POOR IN DALLAS CTY. 10,000

HOPE'S DOOR

860 AVENUE F SUITE 100
PLANO,TX75074 		N/A PC COLLIN COUNTY FAMILY VIOLENCE 10,000

INTERNATIONAL LIVING STREAMS

108 SE HARRIS STREET
BURLESON,TX76028 		N/A PC INDIA & AFRICA MISSIONS 25,000

LEADER FORMATION INTERNATIONAL

P O BOX 25027
DALLAS,TX75225 		N/A PC CHURCH LEADERSHIP & TRAINING 10,000

LIFESAVERS FOUNDATION THE

561 W CAMPBELL RD 101
RICHARDSON,TX75080 		N/A PC MOBILE PEDIATRIC CLINIC 30,000

MASTERMEDIA MINISTRIES

PO BOX 711
EULESS,TX76039 		N/A PC CHRISTIAN RADIO 25,000

MEN OF NEHEMIAH

2010 AL LIPSCOMB WAY
DALLAS,TX75215 		N/A PC ALCOHOL & DRUG ADDICTION RECOVERY 10,000

MERCY HOUSE MINISTRIES

PO BOX 236
COLLEYVILLE,TX76034 		N/A PC HOUSING FOR PREGNANT SINGLE WOMEN. 5,000

METRO RELIEF

5201 S COLONY BLVD 545
THE COLONY,TX75056 		N/A PC MOBILE RESOURCE FOR THE HOMELESS. 10,000

NEED HIM GLOBAL

17304 PRESTON RD 1040
DALLAS,TX75252 		N/A PC RADIO & TV EVANGELISM IN PERU 10,000

ONE MAN'S TREASURE

519 EAST I-30 211
ROCKWELL,TX75087 		N/A PC RESOURCES FOR FORMERLY INCARCERATED. 10,000

OPEN ARMS HEALTH CLINIC

3311 LITTLE ROAD
ARLINGTON,TX76016 		N/A PC FREE HEALTHCARE FOR THE SICK. 5,000

PRESTONWOOD PREGNANCY CENTER

690 W CAMPBELL 150
RICHARDSON,TX75080 		N/A PC UNPLANNED PREGNANCY SERVICES 10,000

REAL OPTIONS

1776 W MCDERMOTT DR 100
ALLEN,TX75013 		N/A PC PREGNANCY CENTER 10,000

SAMARITAN INN

1725 NORTH MCDONALD ST
MCKINNEY,TX75071 		N/A PC HELPING HOMELESS GAIN INDEPENDENCE 10,000

SERVINGHIM HEALTHCARE INTERNATIONAL

2001 W PLANO PKWY 1418
PLANO,TX75075 		N/A PC MEDICAL AND SPIRITUAL OUTREACH SVCS 10,000

SIMPLY GRACE HOUSE

PO BOX 515684
DALLAS,TX75251 		N/A PC TRANSITIONAL LIVING 10,000

THRIVE WOMEN'S CLINIC

6500 GREENVILLE AVE 600
DALLAS,TX75206 		N/A PC PREGNANCY EDUCATION, COUNSELING 25,000

TRINITY RESTORATION MINISTRIES

2728 HOLMES ST
DALLAS,TX75215 		N/A PC MENTORING INMATES. 10,000

UNCHARTED MINISTRIES

PO BOX 77160
CORONA,CA92877 		N/A PC TRAIN MISSIONARIES 10,000

UNION GOSPEL MISSION

3211 IRVING BLVD
DALLAS,TX75247 		N/A PC FOOD & SHELTER TO HOMELESS 10,000

UNITE LIFE

1720 BRAY CENTRAL DR 100
MCKINNEY,TX75069 		N/A PC TECH PLATFORM FOR CHURCHES 10,000

WAY MEDIA

PO BOX 4303
HOUSTON,TX77210 		N/A PC CHRISTIAN RADIO AND MEDIA WORLDWIDE 10,000

WELL COMMUNITY

125 SUNSET AVENUE
DALLAS,TX75208 		N/A PC MEALS FOR LOW-INCOME ADULTS 10,000

WHITE ROCK CENTER OF HOPE

PO BOX 180358
DALLAS,TX75218 		N/A PC EMERGENCY ASSISTANCE 10,000

WITNESS BREAKTHROUGH

11639 CANOE
BIG CANOE,GA30143 		N/A PC TRAINING FOR CHURCH EVANGELISM 5,000
Total .................................right arrow 3a 520,000
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 ........... 		         
4 Dividends and interest from securities ....     14 435,047  
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 ............ 		    18 324,205  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aKKR 		    18 2,287  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   761,539  
13Total. Add line 12, columns (b), (d), and (e)..................
13
761,539
(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

TY 2024 AccountingFeesSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION 4,345      

TY 2024 InvestmentsCorpStockSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Name of Stock End of Year Book Value End of Year Fair Market Value
11645.963 SH BLACKSTONE PRIVATE CR 296,506 296,506
20238.955 SH BLACKSTONE REAL ESTATE 281,718 281,718
33444.816 SH CARLYLE TACTICAL PRIV 286,956 286,956
20325.203 SH JLL INCOME PROPERTY TR 233,333 233,333
462 SH ACCENTURE PLC    
1592 SH AMPHENOL CORP    
1063 SH APPLIED MATERIALS INC 172,876 172,876
223 SH CINTAS CORP    
426 SH DOMINOS PIZZA    
355 SH ELEVANCE HEALTH INC 130,959 130,959
2025 SH EQUITY LIFESTYLE PROPERTIES    
781 SH GENERAL DYNAMICS CORP 205,786 205,786
608 SH HOME DEPOT 236,506 236,506
275 SH NORTHROP GRUMMAN CORP    
479 SH POOL CORP 163,310 163,310
620 SH SHERWIN WILLIAMS CO    
828 SH SIMPSON MFG INC 137,307 137,307
422 SH SNAP ON INC    
870 SH TRACTOR SUPPLY CO    
1222 SH UFP INDUSTRIES INC    
225 SH UNITEDHEALTH GROUP 113,819 113,819
12600 SH GOLUB CAPITAL PRIVATE CREDI 316,008 316,008
632 SH ACCENTURE PLC 222,331 222,331
3184 SH AMPHENOL CORP CLASS A 221,129 221,129
967 SH BROADRIDGE FINANCIAL SOLUTION 218,629 218,629
1000 SH CINTAS CORP 182,700 182,700
594 SH DOMINOS PIZZA INC 249,337 249,337
518 SH SNAP ON INC 175,851 175,851
4350 SH TRACTOR SUPPLY CO 230,811 230,811
1152 SH ZOETIS INC 187,695 187,695

TY 2024 InvestmentsOtherSchedule2
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
HC PRIVATE EQ OFFSHORE FUND X LTD FMV 136,212 136,212
HC PE OFFSHORE FUND XI LTD FMV 214,106 214,106
159303.108 SH LORD ABBOTT ULTRA SHOR FMV 616,503 616,503
38593.428 SH BRAMSHILL INCOME FMV 372,813 372,813
61842.493 SH LORD ABBETT SHORT DURAT FMV    
2974 SH ISHARES TR US AER DEF FMV    
443 SH VANGUARD WORLD FDS FMV    
1347 SH ISHARES TIPS BOND FMV 143,523 143,523
840 SH ISHARES TR 3 7 YR TREAS BD FMV    
981 SH PIMCO ETF TRUST ENHANCED SHOR FMV 98,434 98,434
1841 SH VANGUARD INTERMEDIATE TERM FMV 147,777 147,777
4151 SH VANGUARD SCOTTSDALE FDS FMV    
13851 SH FIRST TR EXCHANGE TRADED FD FMV    
10566.086 SH FRANKLIN UTILITIES ADVI FMV    
9157.368 SH JANUS HENDERSON SMALL CA FMV    
15050.152 SH PIMCO LONG TERM US GOVT FMV    
2199 SH CONSUMER STAPLES SELECT FMV    
1195 SH HEALTH CARE SELECT SECTOR FMV    
1666 SH INVESCO QQQ TR UNIT FMV    
1229 SH SELECT SECTOR SPDR TR FMV    
5200 SH VANGUARD SMALL CAP VALUE FMV    
6361 SH VANGUARD UTILIITIES INDEX FD FMV    
9193 SH ISHARES TR 20 YR TR BD FMV    
11476.664 SH KKR INFRASTRUCTURE FMV    
18947.265 SH LORD ABBETT CORE PLUS FMV 240,820 240,820
2516 SH ISHARES TR US AER DEF ETF FMV 365,701 365,701
664 SH SELECT SECTOR SPDR TRUST FMV 154,393 154,393
914 SH ISHARES TR 10-20 YR TRS ETF FMV 90,980 90,980
3219 SH VANGUARD SCOTTSDALE FDS FMV 145,949 145,949
11115 SH FIRST TR EXCHANGE TRADED FMV 196,736 196,736
10303.109 SH FRANKLIN UTILITIES ADV FMV 234,499 234,499
9584.149 SH JANUS HENDERSON SMALL FMV 217,752 217,752
16042.404 SH PIMCO LONG TERM US GOVT FMV 219,460 219,460
2252 SH CONSUMER STAPLES SELECT FMV 177,030 177,030
1188 SH HEALTH CARE SELECT SECTOR FMV 163,433 163,433
1490 SH INVESCO QQQ TR UNIT FMV 761,733 761,733
1337 SH SELECT SECTOR SPDR TR ENERGY FMV 114,527 114,527
5106 SH VANGUARD SMALL CAP VALUE FMV 1,011,907 1,011,907
6048 SH VANGUARD WORLD FD UTILITIES FMV 988,364 988,364
9892 SH ISHARES TR 20 YR TR BD ETF FMV 863,868 863,868
11468.662 SH KKR INFRASTRUCTURE AT COST 299,950 325,499

TY 2024 OtherExpensesSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
FUND FEES 72,857 72,857    
TELEPHONE 1,739      
POSTAGE 409      
OFFICE EXPENSES 932      


TY 2024 OtherIncomeSchedule2
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
KKR 2,287 2,287  


TY 2024 OtherIncreasesSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Description Amount
UNREALIZED GAIN ON INVESTMENTS 141,999


TY 2024 TaxesSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL TAXES 2,920