Alisann and Terry Collins Foundation
The Alisann and Terry Collins Foundation is a private independent foundation based in Arlington, Virginia. Established as a 501(c)(3) organization, the foundation has been tax-exempt since June 2012. It operates as a grantmaking foundation dedicated to philanthropic activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.9M
+0.6% YoY
Annual Giving
$2.1M
+26.1% YoY
Grant Count
56
-6.7% YoY
Avg Grant Size
$38K
+35.1% YoY
Mission & Focus Areas
The foundation supports a range of charitable causes. Based on available data, the foundation has demonstrated funding interests in areas including birth defects and genetic diseases, homeless shelters, mental health and crisis intervention, and private grantmaking foundations. The foundation also has a notable connection to higher education and biomedical engineering initiatives.
Grantmaking
The foundation maintains an active grantmaking program. In 2023, the foundation distributed $1,693,510 in total giving. As of 2024, the foundation reported revenue of $2.43 million and expenses of $2.34 million, indicating consistent annual grantmaking activity.
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Geographic Focus
Where this funder awards grants
The foundation is based in Arlington, Virginia and appears to have a focus on the Washington, DC metropolitan area region, with particular involvement in Virginia-based charitable initiatives.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $15.9 million
- Total Liabilities: $0
- Annual Revenue: $2.43 million
- Annual Expenses: $2.34 million
As of 2023:
- Total Assets: $15.82 million
- Total Giving: $1.69 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,907,454 | $15,820,013 | $16,051,907 |
| Revenue | $2,430,198 | $1,609,384 | $572,627 |
| Expenses | $2,337,757 | $1,824,889 | $2,149,470 |
| Qualifying Distributions | $2,160,403 | $1,717,680 | $2,038,848 |
| Net Investment Income | $2,294,281 | $1,516,675 | $477,665 |
| Distributable Amount | $1,898,032 | $1,699,078 | $1,700,095 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is named after and associated with Terry Collins (Class of 1967) and Alisann Collins. Terry Collins has been involved with significant philanthropic commitments to higher education institutions, including donations to biomedical engineering programs.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHERINE COLLINS LUCAS | VICE PRESIDENT/SECRETARY | 8 | — |
| BRIAN LUCAS | VICE PRESIDENT | 4 | — |
Recent News & Activity
Recent developments and announcements
The foundation has supported academic initiatives in biomedical engineering, with named professorships and program funding at major research institutions. The foundation's giving reflects an interest in advancing scientific research and education alongside broader charitable causes.
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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