Darren and Terry Jackson Foundation Inc
The Darren and Terry Jackson Foundation Inc is a private family foundation established in 2006 in Minnesota. The foundation is classified as a non-operating foundation and is based in Naples, Florida. It operates as a 501(c)(3) organization with tax-exempt status granted in August 2007.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.4M
+2.3% YoY
Annual Giving
$206K
-54.9% YoY
Grant Count
8
-66.7% YoY
Avg Grant Size
$26K
+35.3% YoY
Under IRS private-foundation payout rules, Darren and Terry Jackson Foundation Inc reported a distributable amount of $462K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation makes contributions to preselected charitable organizations. Based on grant patterns, the foundation supports a range of charitable causes including education, arts and culture, and community development initiatives.
Grantmaking
Annual giving has decreased from $1.7 million in 2020 to $457,000 in 2023.
Grant Range
$5,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Wisconsin, Minnesota, and Colorado, which account for 79% of all grants. Grantmaking reaches organizations across 9 states, with primary focus on Minnesota and Wisconsin.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $8.42 million
- Total revenue: $426,506
- Total expenses: $299,000
- Total liabilities: $0
Asset Growth: Total assets have grown from $1.6 million in 2011 to $8.2 million in 2023.
2023 Financial Summary:
- Total assets: $8,233,932
- Total revenues: $285,539
- Total expenses: $545,272
- Annual income: $6.1 million (reported in some sources)
Income Sources (2023):
- Total grants and contributions: $151,950
- Investment income and dividends: $87,004
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,423,830 | $8,233,932 | $8,401,946 |
| Revenue | $426,506 | $285,539 | $63,896 |
| Expenses | $299,115 | $545,272 | $894,465 |
| Qualifying Distributions | $210,066 | $464,355 | $811,528 |
| Net Investment Income | $338,191 | $52,672 | $823 |
| Distributable Amount | $461,857 | $425,496 | $466,617 |
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
93 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include All in Milwaukee ($110,000), Drexel Fund ($50,000), St Augustine Preparatory Academy ($20,725).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTS HOUSING MILWAUKEE, WI | UNRESTRICTED CHARITABLE GIFT | $10,000 |
| ALL IN MILWAUKEE MILWAUKEE, WI | UNRESTRICTED CHARITABLE GIFT | $110,000 |
| DEMONTREVILLE JESUIT RETREAT HOUSE LAKE ELMO, MN | UNRESTRICTED CHARITABLE GIFT | $2,000 |
| DREXEL FUND MILWAUKEE, WI | UNRESTRICTED CHARITABLE GIFT | $50,000 |
| DWYANE WADE FAMILY FOUNDATION MIAMI BEACH, FL | UNRESTRICTED CHARITABLE GIFT | $6,091 |
| LEUKEMIA AND LYMPHOMA SOCIETY RYE BROOK, NY | UNRESTRICTED CHARITABLE GIFT | $2,500 |
| PEARLS FOR TEEN GIRLS MILWAUKEE, WI | UNRESTRICTED CHARITABLE GIFT | $5,000 |
| ST AUGUSTINE PREPARATORY ACADEMY MILWAUKEE, WI | UNRESTRICTED CHARITABLE GIFT | $20,725 |
Leadership & Key People
Leadership team and compensation from IRS filings
Trustees:
- Darren R. Jackson
- Theresa A. Jackson (Terry Hall Jackson)
Darren R. Jackson is a business executive with an extensive career in retail and finance leadership. He served as Chief Executive Officer of Advance Auto Parts, Inc. from January 2008 to January 2016, and previously held the position of Executive Vice President of Finance and Chief Financial Officer at Best Buy Co., Inc. from February 2001 to December 2007. He also served as Vice President and Chief Financial Officer at Nordstrom, Inc. Jackson holds a Bachelor of Science in Business Administration from Marquette University, earned in 1986.
Terry Hall Jackson graduated from Marquette University's nursing program in 1987 and worked as a nurse at Children's Hospital of Wisconsin. The couple married in 1988 and have three children.
Both Darren and Terry Jackson were recognized as Alumni of the Year by Marquette University, their alma mater. They dedicate themselves to giving back and supporting quality education for limited-income students.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DARREN R JACKSON | PRESIDENT | 1 | — |
| THERESA A JACKSON | TREASURER | 0.5 | — |
| RYAN D JACKSON | DIRECTOR | 1 | — |
| BRIDGET C JACKSON | DIRECTOR | 1 | — |
Contact Information
Phone: 651-698-0198
Address: 12483 Colliers Reserve Dr, Naples, FL 34110-0914
EIN: 20-5941634
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Darren and Terry Jackson Foundation Inc fund?
The foundation makes contributions to preselected charitable organizations. Based on grant patterns, the foundation supports a range of charitable causes including education, arts and culture, and community development initiatives.
How do I apply for a grant from Darren and Terry Jackson Foundation Inc?
**Grant Activity & Patterns:** • Total grants made: 85 grants totaling $3.4 million across available records • Median grant size: $5,000 • Grant range: $1,000 to $659,000 • Average award: $40,000 • Number of unique organizations supported: 54 **Recent Grant Examples (2023):** • Dr Howard Fuller Collegiate Academy (MCA): $158,851 • Be the Difference: $100,000 • Milwaukee Repertory Theater: $25,000 **Grantmaking Trends:** Annual giving has decreased from $1.7 million in 2020 to $457,000 in 2023. …
Where does Darren and Terry Jackson Foundation Inc make grants?
The foundation primarily funds organizations in Wisconsin, Minnesota, and Colorado, which account for 79% of all grants. Grantmaking reaches organizations across 9 states, with primary focus on Minnesota and Wisconsin.
What size grants does Darren and Terry Jackson Foundation Inc award?
In 2024, Darren and Terry Jackson Foundation Inc awarded 8 grants totaling $206K — an average of about $26K per grant, based on its IRS Form 990 filings.
How much is Darren and Terry Jackson Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Darren and Terry Jackson Foundation Inc reported a distributable amount of $462K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Darren and Terry Jackson Foundation Inc's EIN?
Darren and Terry Jackson Foundation Inc's EIN (Employer Identification Number) is 20-5941634. IRS Form 990 filing data is available on this page for 2020–2024.
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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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