Overview
What is Terry Family Foundation Inc?
Terry Family Foundation Inc, based in Madison, Wisconsin, is a nonprofit organization that primarily serves as a conduit for charitable contributions from the Terry family. Their primary mission is to distribute grants or gifts to both the Madison Community Foundation and the University of Wisconsin Foundation. Additionally, they extend their support to other tax-exempt organizations, contributing to the functions and activities of these foundations. The Terry Family Foundation's role is to contribute to the broader charitable community within Madison and Wisconsin, furthering the goals and objectives of the organizations they support.
Is Terry Family Foundation Inc legitimate?
Terry Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terry Family Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Terry Family Foundation Inc?
The Terry Family Foundation's primary objective is to receive donations from its family and then distribute these funds as grants or gifts to either the Madison Community Foundation or the University of Wisconsin Foundation. In addition to this, the Terry Family Foundation also makes charitable contributions to other tax-exempt organizations, supporting the functions and activities of both the Madison Community Foundation and the University of Wisconsin Foundation. The foundation's mission is centered around facilitating financial support to these two organizations.
Who is the CEO of Terry Family Foundation Inc?
Thomas E Terry is the President of Terry Family Foundation Inc.
What is the revenue of Terry Family Foundation Inc?
Terry Family Foundation Inc's revenue in 2022 was $107,675.
Who are the executives of Terry Family Foundation Inc and what are their salaries?
There 7 volunteers at Terry Family Foundation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Terry Family Foundation Inc?
Terry Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terry Family Foundation Inc
Terry Family Foundation Inc, as per its primary mission, serves as a conduit for gifts from the Terry family. The foundation's primary role is to distribute these gifts, either individually or jointly, to both the Madison Community Foundation and the University of Wisconsin Foundation. Beyond this, the Terry Family Foundation extends its charitable contributions to other tax-exempt organizations, supporting the functions and activities of either or both of the aforementioned foundations. In essence, the Terry Family Foundation acts as a philanthropic bridge, channeling resources to various worthy causes in alignment with the missions of the Madison Community Foundation and the University of Wisconsin Foundation.
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Impact
October, 2024
The Terry Family Foundation Inc plays a significant role in enhancing the community's philanthropic landscape by channeling support to key local institutions. By receiving contributions from the Terry family, the foundation allocates grants and gifts primarily to the Madison Community Foundation and the University of Wisconsin Foundation. This strategic focus helps strengthen educational and community initiatives, ensuring that these organizations can continue their vital work. Additionally, the foundation extends its support to other tax-exempt recipients, amplifying its impact across various sectors. Through these efforts, the foundation fosters growth, innovation, and stability within the community, ultimately enriching the lives of residents in Madison, WI.
This information is meant to be a general summary of Terry Family Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $86,174
- Gross Receipts: $319,270
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1995
Phone
(608) 256-9910Principal Officer
Thomas E Terry
Main Address
125 N HAMILTON STREET UNIT 1401, MADISON, WI, 53703
NTEE Category
Code: T70Z - Philanthropy
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