David and Terri Kester Foundation Inc
David and Terri Kester Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 17 grants totaling $301K. Net investment income was $165K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
-3.3% YoY
Annual Giving
$301K
+18.6% YoY
Grant Count
17
+13.3% YoY
Avg Grant Size
$18K
+4.6% YoY
Under IRS private-foundation payout rules, David and Terri Kester Foundation Inc reported a distributable amount of $266K for 2024 — the minimum it must pay out in qualifying distributions.
About David and Terri Kester Foundation Inc
Based on IRS filings
David and Terri Kester Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it awarded 17 grants totaling $301K. Net investment income was $165K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,427,355 | $4,579,571 | $4,675,054 |
| Revenue | $198,860 | $209,394 | $301,194 |
| Expenses | $349,158 | $294,910 | $329,457 |
| Qualifying Distributions | $300,525 | $253,500 | $292,000 |
| Net Investment Income | $164,633 | $174,776 | $267,869 |
| Distributable Amount | $266,121 | $248,751 | $285,591 |
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
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Doctors Without Borders ($30,000), Save the Children ($30,000), American Red Cross ($27,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS BOONE, IA | GENERAL CHARITABLE | $27,000 |
| CATHOLIC RELIEF SERVICES BALTIMORE, MD | GENERAL CHARITABLE | $25,025 |
| CLARKSON UNIVERSITY POTSDAM, NY | GENERAL CHARITABLE | $1,000 |
| COMMUNITY COMMUNICATIONS INC DBA 907 WMFE ORLANDO, FL | GENERAL CHARITABLE | $7,500 |
| DOCTORS WITHOUT BORDERS NEW YORK, NY | GENERAL CHARITABLE | $30,000 |
| FEEDING AMERICA CHICAGO, IL | GENERAL OPERATIONS | $25,000 |
| FOOD FOR THE POOR COCONUT CREEK, FL | GENERAL CHARITABLE | $20,000 |
| HABITAT FOR HUMANITY AMERICUS, GA | GENERAL CHARITABLE | $20,000 |
| NATURE CONSERVANCY ARLINGTON, VA | GENERAL CHARITABLE | $10,000 |
| SAVE THE CHILDREN FAIRFIELD, CT | GENERAL CHARITABLE | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID KESTER | PRESIDENT | 3 | — |
| THERESA KESTER | VICE-PRESIDENT | 2 | — |
| RACHEL ANNE KESTER | SECRETARY | 1 | — |
| JOSEPH ANDREW KESTER | DIRECTOR | 1 | — |
| MICHAEL DAVID KESTER | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is David and Terri Kester Foundation Inc?
David and Terri Kester Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. It holds $4.4M in total assets as of 2024.
How large is David and Terri Kester Foundation Inc?
As of 2024, David and Terri Kester Foundation Inc holds $4.4M in total assets with $199K in annual revenue. It awarded 17 grants totaling $301K in 2024.
Where does David and Terri Kester Foundation Inc operate?
David and Terri Kester Foundation Inc has awarded grants in Connecticut, District of Columbia, Florida, Georgia, Iowa, Illinois, Maryland, North Carolina, New York, Rhode Island, Virginia, Washington.
What size grants does David and Terri Kester Foundation Inc award?
In 2024, David and Terri Kester Foundation Inc awarded 17 grants totaling $301K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is David and Terri Kester Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David and Terri Kester Foundation Inc reported a distributable amount of $266K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David and Terri Kester Foundation Inc's EIN?
David and Terri Kester Foundation Inc's EIN (Employer Identification Number) is 81-3808376. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in David and Terri Kester Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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