David and Nicole Tepper Charitable
The David and Nicole Tepper Charitable Foundation is a private grantmaking foundation established in 2020 and granted tax-exempt status in September 2021. Based in Short Hills, New Jersey, the foundation operates as a 501(c)(3) organization dedicated to philanthropic giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$60.7M
+25.6% YoY
Annual Giving
$12.9M
+51.8% YoY
Grant Count
51
+37.8% YoY
Avg Grant Size
$253K
+10.1% YoY
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, its grantmaking demonstrates focus on:
- Education
- Human Services
- Philanthropy, Voluntarism & Grantmaking
- Food security and food bank support
- Community-based initiatives
- Women's athletics and sports programs
Grantmaking
The foundation does not maintain a public website or application portal. Grantmaking appears to be by invitation only. Administrative management is handled through The Tepper Foundation infrastructure.
Grant Range
$25,000 to $3 million
Average Grant
amount varies significantly by recipient
How to Apply
**
Ready to take the next step with David and Nicole Tepper Charitable?
Geographic Focus
Where this funder awards grants
The foundation demonstrates primary focus on:
- North Carolina and South Carolina (the Carolinas region)
- National reach for select initiatives
- District of Columbia
- Florida
The regional emphasis reflects the Teppers' ownership of the NFL's Carolina Panthers and MLS's Charlotte FC.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $60.7 million
- Total Revenue: $25.5 million
- Total Expenses: $13.2 million
- Total Liabilities: $0
- Number of Employees: 0
The foundation has demonstrated rapid growth, scaling from 37 awards in 2023 to 51 awards in 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $60,661,660 | $48,288,656 | $41,388,826 |
| Revenue | $25,537,257 | $15,667,791 | $6,497,872 |
| Expenses | $13,164,252 | $8,767,961 | $6,945,923 |
| Qualifying Distributions | $13,128,839 | $8,665,816 | $6,851,755 |
| Net Investment Income | $461,844 | $591,056 | $31,136 |
| Distributable Amount | $3,016,504 | $2,316,293 | $2,147,552 |
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
155 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
David Tepper - Foundation Chair; billionaire hedge fund manager; owner of the Carolina Panthers and Charlotte FC
Nicole Tepper - Co-founder; Chief Administrative Officer of Tepper Sports & Entertainment; actively involved in foundation direction and decision-making
Kimberly Beal - Analyst (as of December 2023)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID TEPPER | PRESIDENT & DIRECTOR | 1 | — |
| NICOLE TEPPER | VICE PRESIDENT & DIRECTOR | 15 | — |
| LARRY ROGERS | SECRETARY & TREASURER | 1 | — |
Recent News & Activity
Recent developments and announcements
**Food Bank Support Initiative (July 2025):**
The foundation announced grants totaling more than $10 million in support of partner food banks across North and South Carolina. This represented the single largest commitment by the foundation to date. Recipients included Food Bank of the Albemarle, Food Bank of Central and Eastern North Carolina, and Golden Harvest Food Bank. The foundation responded to documented decreases in public funding and food donations coupled with increased operating costs and demand in the region.
David & Nicole Tepper Foundation donates $250,000 to Charlotte 49ers women\u2019\**Women's Athletics Support (2026):**
The foundation donated $250,000 to UNC Charlotte to support women's athletics programs.
David & Nicole Tepper Foundation donates $250,000 to Charlotte 49ers women\u2019\Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Stephen J Machuta Scholarship Trust
PENNINGTON, NJ
Assets
$1.9M
Grants
1
Total Given
$70K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with David and Nicole Tepper Charitable on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities