Albert Payson Terhune Foundation
Albert Payson Terhune Foundation is a private foundation focused on Education, based in Verona, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $281K in total assets. In 2024, it awarded 8 grants totaling $7K. Net investment income was $17K.
Key facts about Albert Payson Terhune Foundation
- EIN
- 22-6072388
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $7,075
- Grants made (2024)
- 8
- Average grant
- $884
- Median grant
- $175
- Total assets
- $281,433
- Primary geography
- New Jersey (95% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Albert Payson Terhune Foundation funds
By grant dollars, the top recipient states for Albert Payson Terhune Foundation's 8 itemized 2024 grants were New Jersey (95%). The most frequent recipient cities were Montclair, NJ (3 grants). None of its 8 grants with a stated purpose were described as general or operating support.
How Albert Payson Terhune Foundation gives
- Giving fell 75% from 2021 to 2024. Method
- In 2024 it paid out 54% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Albert Payson Terhune Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$281K
+3.6% YoY
Annual Giving
$7K
-55.4% YoY
Grant Count
8
-52.9% YoY
Avg Grant Size
$884.375
-5.2% YoY
Under IRS private-foundation payout rules, Albert Payson Terhune Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About Albert Payson Terhune Foundation
Based on IRS filings
Albert Payson Terhune Foundation is a private foundation focused on Education, based in Verona, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $281K in total assets. In 2024, it awarded 8 grants totaling $7K. Net investment income was $17K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 8 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $281,433 | $271,545 | $299,483 |
| Revenue | $23,179 | $-1,779 | $167,054 |
| Expenses | $13,291 | $26,159 | $21,107 |
| Qualifying Distributions | $7,575 | $18,451 | $15,463 |
| Net Investment Income | $16,846 | — | $161,410 |
| Distributable Amount | $13,934 | $13,457 | $12,138 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
69 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Montclair State Univ ($3,500), Montclair Public Library ($1,500), Oasis ($1,200).
| Recipient | Purpose | Amount |
|---|---|---|
| MONTCLAIR STATE UNIV Montclair, NJ | FUNDING FOR THE A.P. TERHUNE JOURNALISM LECTURE PROGRAM-OPEN TO THE PUBLIC AND FOR THE A.P. TERHUNE JOURNALIST-IN-RESIDENCE PROGRAM | $3,500 |
| MONTCLAIR PUBLIC LIBRARY Montclair, NJ | LIBRARY RESOURCES | $1,500 |
| OASIS Paterson, NJ | FUND INSTRUCTOR FOR MIDDLE SCHOOL WRITERS WORKSHOP | $1,200 |
| VERONA PUBLIC LIBRARY Verona, NJ | LIBRARY AWARD TO SUPPORT THE EDUCATIONAL PURPOSES OF THE LIBRARY | $175 |
| WYCKOFF PUBLIC LIBRARY Wyckoff, NJ | LIBRARY AWARD TO SUPPORT THE EDUCATIONAL PURPOSES OF THE LIBRARY | $175 |
| CUTCHOGUE-NEW SUFFOLK FREE LIBRARY Cutchogue, NY | LIBRARY AWARD TO SUPPORT THE EDUCATIONAL PURPOSES OF THE LIBRARY | $175 |
| MONTCLAIR KIMBERLY ACADEMY Montclair, NJ | LIBRARY AWARD TO SUPPORT THE EDUCATIONAL PURPOSES OF THE LIBRARY | $175 |
| HAMILTON COLLEGE Clinton, NY | LIBRARY RESOURCES | $175 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Clifford F Lindholm III | President | — | — |
| Brett Straten | Treasurer | — | — |
| Ann MC Carthy | Secretary | — | — |
| Kathleen Wessling | Vice President | — | — |
| Joan Barrett | Trustee | — | — |
| Scott M Ryan | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Albert Payson Terhune Foundation?
Albert Payson Terhune Foundation is a private foundation focused on Education, based in Verona, NJ. It holds $281K in total assets as of 2024.
How large is Albert Payson Terhune Foundation?
As of 2024, Albert Payson Terhune Foundation holds $281K in total assets with $23K in annual revenue. It awarded 8 grants totaling $7K in 2024.
Where does Albert Payson Terhune Foundation operate?
Albert Payson Terhune Foundation has awarded grants in Maine, New Jersey, New York, Pennsylvania.
What size grants does Albert Payson Terhune Foundation award?
In 2024, Albert Payson Terhune Foundation awarded 8 grants totaling $7K — an average of about $884.375 per grant, based on its IRS Form 990 filings.
How much is Albert Payson Terhune Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Albert Payson Terhune Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Albert Payson Terhune Foundation's EIN?
Albert Payson Terhune Foundation's EIN (Employer Identification Number) is 22-6072388. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.