Terry Foundation
- Assets
- $0.0
- Revenue
- $57.8m
- Investments
- $437.6m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 31-1551093
Organization Overview
Terry Foundation is located in Houston, TX. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terry Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Terry Foundation generated $57.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 33.5% each year . All expenses for the organization totaled $23.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Terry Foundation has awarded 55 individual grants totaling $76,942,254. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 16
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhett G Campbell Ceo/chairman | 40 | $96,500 | |
Yvonne R Moody President/executive Director | 40 | $330,052 | |
Edward T Cotham Jr Cio/director | 40 | $220,135 | |
Brian G Yarbrough Vice Chair/director | 0.8 | $0 | |
Blair Abernathy Treasurer/financial Director | 40 | $225,155 | |
Kristin K Eschbach Assistant Cio | 40 | $275,587 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/22 | $1,129,547 |
Kell Partners Llc | 12/30/22 | $101,394 |
Bloomberg Finance Lp | 12/30/22 | $82,826 |
Holland & Knight Llp | 12/30/22 | $73,379 |
Aldridge | 12/30/22 | $69,601 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,407,555 |
| Interest on Savings | $2,079 |
| Dividends & Interest | $13,500,994 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,861,310 |
| Total Revenue | $57,798,712 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $946,184 |
| Pension plans, employee benefits | $534,204 |
| Depreciation | $16,612 |
| Occupancy | $111,807 |
| Travel, conferences, and meetings | $21,415 |
| Printing and publications | $17,893 |
| Total operating and administrative expenses | $6,223,138 |
| Contributions, gifts, grants paid | $17,626,100 |
| Total expenses and disbursements | $23,849,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,669 |
| Investments—mortgage loans | $0 |
| Investments—other | $173,034,545 |
| Other assets | $17,547 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Terry Foundation has awarded $16,530,244 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
THE TERRY SCHOLARS FUND PURPOSE: STARTUP COSTS AND ADMINISTRATIVE EXPENSES | $59,044 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: SCHOLARSHIPS FOR 152 TERRY SCHOLARS | $3,324,800 |
TEXAS AM UNIVERSITY PURPOSE: SCHOLARSHIPS FOR 133 TERRY SCHOLARS | $3,142,100 |
THE UNIVERSITY OF HOUSTON PURPOSE: SCHOLARSHIPS FOR 45 TERRY SCHOLARS | $1,044,800 |
TEXAS STATE UNIVERSITY PURPOSE: SCHOLARSHIPS FOR 45 TERRY SCHOLARS | $936,600 |
THE UNIVERSITY OF TEXAS AT SAN ANTO PURPOSE: SCHOLARSHIPS FOR 46 TERRY SCHOLARS | $1,006,700 |