C Herman and Mary Virginia
The C. Herman and Mary Virginia Terry Family Foundation is a private foundation established in 1982 and based in Jacksonville, Florida. It operates as a 501(c)(3) organization with tax-exempt status since February 1984. The foundation was created by Herman and Mary Virginia Terry, who for decades generously supported community needs in Northeast Florida and Georgia.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$287.8M
+76.1% YoY
Annual Giving
$6.2M
+2225.2% YoY
Grant Count
6
-72.7% YoY
Avg Grant Size
$1.0M
+8425.9% YoY
Under IRS private-foundation payout rules, C Herman and Mary Virginia reported a distributable amount of $12.1M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grantmaking historically focused on education, human services, philanthropy, and voluntarism. Primary funding areas include housing grants, women's shelters, and supportive housing shelters. The foundation continues many of Herman and Mary Virginia's philanthropic investments while charting a new direction under current leadership.
Grantmaking
Recent grants have ranged from $25,000 to $50,000. In 2023, the foundation made 27 grants to organizations including the Sulzbacher Center for the Homeless ($50,000), WJCT Public Broadcasting ($25,000), and Camp Boggy Creek ($25,000).
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Northeast Florida and Georgia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $288 million
- Total Revenue: $32.4 million
- Total Expenses: $7.69 million
- Total Liabilities: $6,590
As of 2023:
- Total Assets: $163.4 million
- Total Revenues: $159.6 million
- Total Expenses: $747,197
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $287,780,236 | $163,382,262 | $4,433,443 |
| Revenue | $32,437,848 | $159,645,729 | $925,269 |
| Expenses | $7,693,945 | $747,197 | $426,237 |
| Qualifying Distributions | $8,153,423 | $358,414 | $380,298 |
| Net Investment Income | $16,975,808 | $5,090,277 | $868,048 |
| Distributable Amount | $12,084,713 | $8,177,615 | $464,621 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Georgia Foundation ($2,525,871), The Community Foundation ($1,000,000), IM Sulzbacher Center For The Homeless ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| The Community Foundation Jacksonville, FL | General Support | $1,000,000 |
| Ronald McDonald House Jacksonville, FL | Property Renovation | $509,283 |
| Jacksonville University Jacksonville, FL | Anatomage table purchase | $150,000 |
| IM Sulzbacher Center For The Homeless Jacksonville, FL | General Support | $1,000,000 |
| Jacksonville Zoo & Gardens Jacksonville, FL | General Support | $1,000,000 |
| University of Georgia Foundation Athens, GA | General Support | $2,525,871 |
Leadership & Key People
Leadership team and compensation from IRS filings
Kathleen Shaw serves as Executive Director (contact: kshaw@theterryfoundation.org, 904-420-2801).
Betsy C. Cox, niece of Herman and Mary Virginia Terry and a local attorney, was named President of the foundation as of May 2024.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kathleen Shaw | Executive VP (beg 03/24) | 50 | $226,500 |
| Betsy C Cox | President/Trustee | 38 | $200,000 |
| Kathleen Cold | Trustee | 1 | — |
| Sandra Corbett | Trustee (end 04/24) | — | — |
Recent News & Activity
Recent developments and announcements
In May 2024, the foundation announced the appointment of Betsy C. Cox as President. The foundation has made significant investments in major capital campaigns, including a donation to the Museum of Science & History's MOSH 2.0 expansion project.
The C. Herman and Mary Virginia Terry Foundation\_donates to MOSH 2.0The foundation is currently in a transition period following the passing of Herman and Mary Virginia Terry, with trustees expanding the Terrys' legacy while maintaining their philanthropic vision.
The C. Herman and Mary Virginia Terry Foundation\_donates to MOSH 2.0Frequently Asked Questions
What does C Herman and Mary Virginia fund?
The foundation's grantmaking historically focused on education, human services, philanthropy, and voluntarism. Primary funding areas include housing grants, women's shelters, and supportive housing shelters. The foundation continues many of Herman and Mary Virginia's philanthropic investments while charting a new direction under current leadership.
How do I apply for a grant from C Herman and Mary Virginia?
Recent grants have ranged from $25,000 to $50,000. In 2023, the foundation made 27 grants to organizations including the Sulzbacher Center for the Homeless ($50,000), WJCT Public Broadcasting ($25,000), and Camp Boggy Creek ($25,000). The foundation is not currently accepting unsolicited grant applications. Organizations may send a brief overview of their work for future reference to info@theterryfoundation.org.
Where does C Herman and Mary Virginia make grants?
The foundation primarily funds organizations in Northeast Florida and Georgia.
What size grants does C Herman and Mary Virginia award?
In 2024, C Herman and Mary Virginia awarded 6 grants totaling $6.2M — an average of about $1.0M per grant, based on its IRS Form 990 filings.
How much is C Herman and Mary Virginia required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, C Herman and Mary Virginia reported a distributable amount of $12.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is C Herman and Mary Virginia's EIN?
C Herman and Mary Virginia's EIN (Employer Identification Number) is 59-2241642. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in C Herman and Mary Virginia's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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