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
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
No grants recorded for .
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.
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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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