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Thrift Inc. is a private corporation based in PALM BEACH, FL. The foundation received its IRS ruling in 1943. The principal officer is Paul L Maddock Jr. It holds total assets of $72K. Annual income is reported at $33K. Total assets have decreased from $216K in 2011 to $90K in 2022. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2019 to 2023. Grantmaking is concentrated in Florida. According to available records, Thrift Inc. has made 48 grants totaling $148K, with a median grant of $3K. The foundation has distributed between $72K and $76K annually from 2022 to 2023. Individual grants have ranged from $1K to $5K, with an average award of $3K. The foundation has supported 14 unique organizations. Grant recipients are concentrated in Florida. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$4K
Average Grant
$3K
Largest Grant
$5K
Based on 11 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Thrift Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 48 grants. Its grantmaking reaches organizations primarily in FL.
Thrift Inc. has distributed a total of $148K across 48 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $1K to $5K.
Thrift Inc. typically selects its grantees rather than accepting unsolicited proposals.
Thrift Inc. is headquartered in PALM BEACH, FL.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Paul L Maddock Jr | PRESIDENT | $0 | $0 | N/A |
Total Giving
$37K
Total Assets
$90K
Fair Market Value
$90K
Net Worth
$90K
Grants Paid
$36K
Contributions
$29K
Net Investment Income
N/A
Distribution Amount
$5K
Total Grants
48
Total Giving
$148K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
14
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Covenant HouseOPEN DOOR FOR HOMELESS YOUTH | Fort Lauderdale, FL | $5K | 2023 |
| Hanley FoundationTO ELIMINATE ADDICTION THOUGH PREVENTION ADVOCACY | West Palm Beach, FL | $3K | 2023 |
| Chapman FoundationPROVIDES SUPPORT TO IMPROVE THE LIVES OF CHILDREN | Saint Petersburg, FL | $2K | 2023 |
| A Second ChancePROVIDES TUITION AND BOOKS SCHOLARSHIPS TO UNDERPR | Fort Lauderdale, FL | $2K | 2023 |
| The Lords PlaceGIVES A NEW BEGINNING TO THE HOMELESS | West Palm Beach, FL | $5K | 2023 |
| Rehab Center Of Palm BeachOUTPATIENT PHYSICAL OCCUPATIONAL A SPEECH THERAPY | Palm Beach, FL | $4K | 2023 |
| Place For HopePROVIDING PROGRAMS AND SERVICES TO END ABUSE NEGL | Palm Beach Gardens, FL | $4K | 2023 |
| Lighthouse For The BlindEMPOWERS ALL AGES WHO ARE VISUALLY IMPAIRED | West Palm Beach, FL | $3K | 2023 |
| Quantum HousePROVIDES TEMPLODGING EMOTIONAL SUPPORT TO FAMILIES | West Palm Beach, FL | $3K | 2023 |
| Healthy Mothers Healthy BabiesIMPROVING BIRTH OUTCOMES THRU PRENATAL CARE EDUCA | Lake Worth, FL | $2K | 2023 |
| Center For Family ServiceTO PROVIDE INNOVATIVE CHILD DEVELOPMENT AND FAMILY | West Palm Beach, FL | $2K | 2023 |
| South Florida Science MuseumPROVIDES EDUCATIONAL PROGRAMMING FOR OUTREACHES | West Palm Beach, FL | $1K | 2023 |
| Center For Creative EducationART OFFERING CLASS ROOM AND AFTER SCHOOL | West Palm Beach, FL | $1K | 2023 |
| South Fl Science MuseumPROVIDES EDUCATIONAL PROGRAMMING FOR OUTREACHES | West Palm Beach, FL | $4K | 2022 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL