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Terence & Jennifer Adderley Foundation is a private corporation based in DETROIT, MI. The foundation received its IRS ruling in 2018. It holds total assets of $29.4M. Annual income is reported at $20.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Terence & Jennifer Adderley Foundation has made 19 grants totaling $2M, with a median grant of $25K. Annual giving has grown from $475K in 2022 to $1.6M in 2023. Individual grants have ranged from $12K to $1M, with an average award of $108K. The foundation has supported 10 unique organizations. Grant recipients are concentrated in Michigan. Contributions to this foundation are tax-deductible.
Terence & Jennifer Adderley Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 19 grants. Its grantmaking reaches organizations primarily in MI.
Terence & Jennifer Adderley Foundation has distributed a total of $2M across 19 grants. The median grant size is $25K, with an average of $108K. Individual grants have ranged from $12K to $1M.
Terence & Jennifer Adderley Foundation typically selects its grantees rather than accepting unsolicited proposals.
Terence & Jennifer Adderley Foundation is headquartered in DETROIT, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Eugene A Gargaro Jr | DIRECTOR | $0 | $0 | $0 |
| Jennifer G Adderley | PRESIDENT/TREASURER | $0 | $0 | $0 |
| Richard J Kelly | DIRECTOR | $0 | $0 | $0 |
| Andrew H Curoe | SECRETARY | $0 | $0 | $0 |
Total Giving
$1.7M
Total Assets
$25.8M
Fair Market Value
$26.6M
Net Worth
$25.8M
Grants Paid
$1.6M
Contributions
$6.7M
Net Investment Income
$610K
Distribution Amount
$1M
Total: $7.4M
Total Grants
19
Total Giving
$2M
Average Grant
$108K
Median Grant
$25K
Unique Recipients
10
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Little Traverse ConservancyGENERAL OPERATING SUPPORT | Harbor Springs, MI | $1M | 2023 |
| Detroit Institute Of ArtsENDOWMENT FUND | Detroit, MI | $250K | 2023 |
| Urban Renewal Initiative Foundation (Schaap Center)GENERAL OPERATING SUPPORT | Grosse Pointe Park, MI | $100K | 2023 |
| Community Foundation Of Southeast MiGENERAL OPERATING SUPPORT | Detroit, MI | $75K | 2023 |
| Richard And Mary Kelly Family Fund At Community Foundation Of Southeast MiGENERAL OPERATING SUPPORT | Detroit, MI | $25K |
| 2022 |
| Megan And Andrew Curoe Fund At Community Foundation Of Southeast MichiganGENERAL OPERATING SUPPORT | Detroit, MI | $25K | 2022 |
| Eugene And Mary Anne Gargaro Fund At Community Foundation Of Southeast MiGENERAL OPERATING SUPPORT | Detroit, MI | $25K | 2022 |
| Gleaners Community Food BankGENERAL OPERATING SUPPORT | Detroit, MI | $25K | 2022 |
| Forgotten HarvestGENERAL OPERATING SUPPORT | Oak Park, MI | $25K | 2022 |
| Capuchin Soup KitchenGENERAL OPERATING SUPPORT | Detroit, MI | $12K | 2022 |
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