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Terpstra Foundation is a private corporation based in LINCOLN, NE. The foundation received its IRS ruling in 2007. The principal officer is Michael J Terpstra. It holds total assets of $149K. Annual income is reported at $154K. Total assets have decreased from $1.2M in 2011 to $13K in 2023. The foundation is governed by 3 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 2016 to 2023. The foundation primarily funds organizations in Nebraska and Virginia. According to available records, Terpstra Foundation has made 7 grants totaling $67K, with a median grant of $10K. Individual grants have ranged from $2K to $15K, with an average award of $10K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in Nebraska and Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$10K
Largest Grant
$15K
Based on 7 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.
Terpstra Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NE, VA.
Terpstra Foundation has distributed a total of $67K across 7 grants. The median grant size is $10K, with an average of $10K. Individual grants have ranged from $2K to $15K.
Terpstra Foundation typically selects its grantees rather than accepting unsolicited proposals. Must be a 170(c)1 or 170(c)2 organization.
Terpstra Foundation is headquartered in LINCOLN, NE. While based in NE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Troy Gagner | DIRECTOR | $12K | $0 | $12K |
| Michael Terpstra | PRESIDENT | $0 | $0 | N/A |
| Denise Hicks Leinen | DIRECTOR | $0 | $0 | N/A |
Total Giving
$233K
Total Assets
$13K
Fair Market Value
$13K
Net Worth
$13K
Grants Paid
$215K
Contributions
$70K
Net Investment Income
N/A
Distribution Amount
$5K
Total Grants
7
Total Giving
$67K
Average Grant
$10K
Median Grant
$10K
Unique Recipients
7
Most Common Grant
$15K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Casa For York CountyPROMOTE YOUTH | York, NE | $15K | 2022 |
| Blue Valley Community ActionSUPPORT COMMUNITY | Fairbury, NE | $15K | 2022 |
| Lincoln Arts CouncilSUPPORT COMMUNITY | Lincoln, NE | $15K | 2022 |
| Lux Center For The ArtsCOMMUNITY ART PROGRAMS | Lincoln, NE | $10K | 2022 |
| Big Brother Big SisterPROMOTE YOUTH | Lincoln, NE | $5K | 2022 |
| HopecamPROMOTE YOUTH | Reston, VA | $5K | 2022 |
| Lincoln Childrens MuseumPROMOTE YOUTH | Lincoln, NE | $2K | 2022 |