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Teel Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2008. The principal officer is Foundation Source. It holds total assets of $139K. Annual income is reported at $42K. Total assets have decreased from $453K in 2011 to $161K in 2023. The foundation is governed by 5 officers and trustees. 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 2017 to 2023. The foundation primarily funds organizations in Oregon and North Carolina. According to available records, Teel Family Foundation has made 8 grants totaling $142K, with a median grant of $20K. Annual giving has grown from $45K in 2021 to $72K in 2023. Individual grants have ranged from $4K to $30K, with an average award of $18K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in New York and Oregon and North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$25K
Average Grant
$18K
Largest Grant
$25K
Based on 3 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.
Teel Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NY, OR, NC.
Teel Family Foundation has distributed a total of $142K across 8 grants. The median grant size is $20K, with an average of $18K. Individual grants have ranged from $4K to $30K.
Teel Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Teel Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen M Teel | Dir, Pres | $0 | $0 | N/A |
| Kathryn Snyder | Dir, VP | $0 | $0 | N/A |
| Magnolia Marie Smith | Dir | $0 | $0 | N/A |
| Lewis W Skip Teel | Dir, VP | $0 | $0 | N/A |
| Liane Smith | Dir, VP, Sec | $0 | $0 | N/A |
Total Giving
$77K
Total Assets
$161K
Fair Market Value
$204K
Net Worth
$161K
Grants Paid
$72K
Contributions
N/A
Net Investment Income
$15K
Distribution Amount
$11K
Total Grants
8
Total Giving
$142K
Average Grant
$18K
Median Grant
$20K
Unique Recipients
4
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Oregon Shakespeare Festival AssociationPromoting Theatre Diversity, Equity, and Inclusion | Ashland, OR | $25K | 2023 |
| New York City Master Chorale IncGeneral & Unrestricted | New York, NY | $25K | 2023 |
| Different Strokes Performing Arts Collectivefunds for marketing and advertising in communities of color | Asheville, NC | $10K | 2023 |
| Asheville Community Theatre IncFlyin West Sponsorship Fund | Asheville, NC | $8K | 2023 |