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In September 1995, David and Joanna Thomas's two sons, Tobyn and Ben, were appointed Principals, having worked in the schools for a number of years. In June 1998, a charitable foundation was formed. The aims of the charity, Thomas's Schools Foundation, are to assist certain parents financially with the education of their children and to run local community projects. In 1999, David and Joanna Thomas retired from active management of the schools, which are now run by Tobyn and Ben. Ben is also Headmaster of Thomas's, Battersea. In 2000 and 2001, a £4m construction programme was carried out to enhance the facilities at Thomas's, Clapham and Thomas's, Battersea. In 2002, an opportunity arose to improve Thomas's, Kensington through the acquisition of a nearby school, Lady Eden's. Lady Eden's was closed in Summer 2002 and its buildings converted to become the Lower School of Thomas's, Kensington. The existing buildings in Cottesmore Gardens were extensively refurbished and now house the Preparatory School. The premises of Thomas's, Kensington are freehold.
In 2004, Thomas's acquired a long lease on the buildings formerly owned by the London Institute for the Chelsea College of Art and Design in Hugon Road, Fulham. The school, which overlooks [[South Park, Fulham]], was built from 1892 and could educate 1,200 children. The buildings have {{convert|35000|sqft|m2}} and are set on a {{convert|1|acre|m2|adj=on}} site. A £1.3m refurbishment programme by the landlords commenced in January 2005 and Thomas's, Fulham opened in September 2005 as a co-educational preparatory school for children from 4 to 11 years old.<ref>{{cite web |url=http://www.thomas-s.co.uk/history.html |title=About Thomas's |accessdate=18 December 2008 |url-status=dead |archiveurl=https://web.archive.org/web/20010310110554/http://www.thomas-s.co.uk/history.html |archivedate=10 March 2001}}</ref><ref>{{cite web|title=Thomas's Battersea|url=http://www.thomas-s.co.uk/Battersea-Home|publisher=2017 © Copyright Thomas's London Day Schools|accessdate=16 September 2017|archive-date=24 April 2018|archive-url=https://web.archive.org/web/20180424043007/http://www.thomas-s.co.uk/Battersea-Home|url-status=dead}}</ref>
In 2019 Thomas’s acquired a school site in [[Putney Vale]] from [[Hall School Wimbledon]] to provide further teaching space for all four Thomas’s preparatory schools. Opening in September 2021, this will house Thomas’s Senior School, which will eventually extend the school's education to boys and girls up to the age of 18.<ref name="History" />
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