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
Under IRS private-foundation payout rules, David and Nicole Tepper Charitable reported a distributable amount of $3.0M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include American National Red Cross ($1,000,000), Charmeck Family Justice Center Inc ($1,000,000), Global Empowerment Mission Inc ($1,000,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTION PATHWAYS INC FAYETTEVILLE, NC | GENERAL SUPPORT | $82,125 |
| AMERICAN CANCER SOCIETY WESTERN NCSC CHARLOTTE, NC | GENERAL SUPPORT | $5,000 |
| AMERICAN HEART ASSOCIATION INC DALLAS, TX | GENERAL SUPPORT | $200,000 |
| AMERICAN NATIONAL RED CROSS WASHINGTON, DC | GENERAL SUPPORT | $1,000,000 |
| ATRIUM HEALTH FOUNDATION CHARLOTTE, NC | GENERAL SUPPORT | $350,000 |
| AUTISM CHARLOTTE CHARLOTTE, NC | GENERAL SUPPORT | $10,000 |
| BEST BUDDIES INTERNATIONAL INC MADISON, WI | GENERAL SUPPORT | $115,000 |
| CAROLINA FARM TRUST INC CORNELIUS, NC | GENERAL SUPPORT | $100,000 |
| CHARLOTTE HORNETS FOUNDATION INC CHARLOTTE, NC | GENERAL SUPPORT | $25,000 |
| CHARLOTTE MECKLENBURG LIBRARY CHARLOTTE, NC | GENERAL SUPPORT | $625,000 |
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
Frequently Asked Questions
What does David and Nicole Tepper Charitable fund?
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
How do I apply for a grant from David and Nicole Tepper Charitable?
**Grant Activity (2024):** • Total giving: $12.9 million • Number of grants: 51 awards • Grant range: $25,000 to $3 million • Average grant amount varies significantly by recipient **Recent Notable Grants:** • American National Red Cross: $1,000,000 (General Support) • Nourish Up: $1,000,000 (General Support) • Charmeck Family Justice Center: $1,000,000 (General Support) • Food banks across North and South Carolina: $10 million commitment (2025) • UNC Charlotte women's athletics: $250,000 **App…
Where does David and Nicole Tepper Charitable make 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.
What size grants does David and Nicole Tepper Charitable award?
In 2024, David and Nicole Tepper Charitable awarded 51 grants totaling $12.9M — an average of about $253K per grant, based on its IRS Form 990 filings.
How much is David and Nicole Tepper Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David and Nicole Tepper Charitable reported a distributable amount of $3.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David and Nicole Tepper Charitable's EIN?
David and Nicole Tepper Charitable's EIN (Employer Identification Number) is 85-2618674. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in David and Nicole Tepper Charitable's focus areas in our free grants database
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
—
The William & Phyllis Mack Family
FORT LEE, NJ
Assets
$5.9M
Grants
53
Total Given
$3.2M
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Data last updated June 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
Go from researching David and Nicole Tepper Charitable to a real strategy.