R B Terry Charitable Foundation Inc
- Assets
- $226.8m
- Revenue
- $8.1m
- Investments
- $226.4m
- Employees
- 0
- Location
- High Point, NC
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 56-2066238
Organization Overview
R B Terry Charitable Foundation Inc is located in High Point, NC. The organization was established in 1999. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. R B Terry Charitable Foundation Inc 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, R B Terry Charitable Foundation Inc generated $8.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, R B Terry Charitable Foundation Inc has awarded 29 individual grants totaling $66,145,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arch K Schoch IV President/director | 0.5 | $0 | |
Charles L Odom Treas./asst. Sec/director | 0.5 | $0 | |
Oscar Fletcher Vp/secretary/director | 0.5 | $0 | |
Joe Lipe Committee Member | 0.5 | $0 | |
Parker Overton Committee Member | 0.5 | $0 | |
Sion Aboney III Vp/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,792 |
| Dividends & Interest | $220,273 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,887,731 |
| Capital Gain Net Income | $7,887,731 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,089 |
| Total Revenue | $8,117,885 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68,025 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $403,833 |
| Total operating and administrative expenses | $653,308 |
| Contributions, gifts, grants paid | $10,020,000 |
| Total expenses and disbursements | $10,673,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,728 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $298,665 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $128,234 |
| Total assets | $226,821,790 |
| Accounts payable and accrued expenses | $161,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $114,921 |
| Total liabilities | $276,421 |
Grants Awarded
Over the last fiscal year, R B Terry Charitable Foundation Inc has awarded $10,020,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NC VETERINARY MEDICAL FOUNDATION PURPOSE: UNRESTRICTED | $5,000,000 |
Woodberry Forest, VA PURPOSE: UNRESTRICTED | $5,000,000 |
MONTPELIER FOUNDATION PURPOSE: UNRESTRICTED | $10,000 |
SPCA OF THE TRIAD PURPOSE: UNRESTRICTED | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |