Thrift Inc
Preselected recipients only
Thrift Inc is a private foundation in Palm Beach, Florida. In tax year 2025 it gave $46,000 in 16 grants; the typical grant was $3,000 and the largest $5,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$46,000
- Number of grants16
- Typical grant$3,000
- Largest grant$5,000
- Assets$57,864
- New grantees36%
Giving in 2025 was up from $43,000 the year before.
36% of its 2025 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $40,000 | 13 | $82,678 |
| 2024 | $43,000 | 13 | $71,553 |
| 2025 | $46,000 | 16 | $57,864 |
How to apply
Thrift Inc says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Thrift Inc funds
Where it gives
All of its grants went to recipients in Florida.
| State | Grants | Amount |
|---|---|---|
| Florida | 16 | $46,500 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| The Lords Place | Gives a new beginning to the homeless | $5,000 |
| Covenant House | Open door for homeless | $5,000 |
| Place of Hope Inc | Providing programs and services to end abuse negl | $4,000 |
| Rehab Center of Palm Beach | Outpatient physical occupational a speech therapy | $4,000 |
| Individual | Provide health wellness help residents in need | $4,000 |
| Hanley Center | To eliminate addiction though prevention advocacy | $3,000 |
| Lighthouse for the Blind | Empowers all ages who are visually impaired | $3,000 |
| Quantum House | Provides templodging emotional support to families | $3,000 |
| South Florida Science Museum | Provides educational programming for outreaches | $3,000 |
| Center for Creative Education | Help community artists restore creativity in class | $3,000 |
| Town of Palm Beach United Way | Dedicated to help people in need | $2,000 |
| Chapman Foundation | Provides education to children help homeless | $2,000 |
| Individual | Provides tuition and books scholarships to underpr | $1,500 |
| Center for Family Service | To provide innovative child development and family | $1,500 |
| A Second Chance Puppies and Kittens | Saving animal lives | $1,500 |
| West Palm Beach Golf Community Tr | Community outreach and junior golfer development | $1,000 |
Officers and trustees
- PAUL L MADDOCK Jr
Questions people ask
Does Thrift Inc accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Thrift Inc give?
$46,000 in tax year 2025, across 16 grants, with a typical grant of $3,000.
Who runs Thrift Inc?
Its 2025 filing lists PAUL L MADDOCK Jr (President).
What does Thrift Inc fund?
Based on its grants, mainly housing and homelessness, education and human services.