RB Terry Charitable Foundation Inc
RB Terry Charitable Foundation Inc is a private foundation, based in High Point, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $202.5M in total assets. In 2024, it awarded 3 grants totaling $9.0M. Net investment income was $25.1M.
RB Terry Charitable Foundation Inc at a glance
In short: RB Terry Charitable Foundation Inc gave $9.0M across 3 grants in 2024 (avg $3.0M), mostly in North Carolina. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $9,010,000
- +0.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $3,003,333
- +0.0% vs 2023
- Median grant
- $4,500,000
- Total assets
- $202,473,941
- +2.5% vs 2023
- Primary geography
- North Carolina (50% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who RB Terry Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was NC Veterinary Medical Foundation ($4.5M). Together the top 3 received $9.0M.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was in the $1–5M range: 8 grants of 17 (47%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How RB Terry Charitable Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−10%). Method
- In 2024 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $8.0M (2020) to $10.0M (2021). In 2024 it made 3 grants totaling $9.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NC Veterinary Medical Foundation Raleigh, NC | Unrestricted support to promote educational activities in the field of veterinary medicine. | $4,500,000 |
| Woodberry Forest School Woodberry Forest, VA | Unrestricted support to help further the mission of the boy's school. | $4,500,000 |
| SPCA of the Triad Greensboro, NC | Unrestricted support to help rescue and rehabilitate abused, neglected and injured animals. | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $202,473,941 | $18,890,772 | $9,761,880 | $9,010,000 | 3 | $9,120,682 | $25,071,624 | $9,717,408 |
| 2023 | $197,519,253 | $8,417,528 | $9,675,931 | $9,010,000 | 3 | $9,124,350 | $12,986,336 | $9,485,288 |
| 2022 | $188,417,977 | $9,006,861 | $9,248,350 | $8,510,000 | 3 | $8,597,938 | $13,887,063 | $9,825,371 |
| 2021 | $226,821,790 | $8,117,885 | $10,673,308 | $10,020,000 | 4 | $10,020,000 | $8,584,956 | $11,168,347 |
| 2020 | $207,020,386 | $7,372,716 | $8,782,561 | $8,020,000 | 4 | — | $7,502,694 | $8,956,717 |
Under IRS private-foundation payout rules, RB Terry Charitable Foundation Inc reported a distributable amount of $9.7M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
RB Terry Charitable Foundation Inc is led by Arch K. Schoch IV, President & Director on every filing since 2020; all 6 officers listed in 2024 are compensated.
Officers on the 2024 filing
Arch K. Schoch IV
President & Director
On filings since 2020
0.5 hrs/week
$40K (2020) → $40K (2024)
Oscar Fletcher
Vice President, Secretary & Director
On filings since 2020
0.5 hrs/week
$40K (2020) → $40K (2024)
Sion A. Boney III
Vice President & Director
On filings since 2020
0.5 hrs/week
$40K (2020) → $40K (2024)
Charles A. Alt
Treasurer & Director
On filings since 2023
0.5 hrs/week
$30K (2023) → $40K (2024)
Joe Lipe
Committee Member
On filings since 2020
0.5 hrs/week
$8K (2020) → $2K (2024)
Parker Overton
Committee Member
On filings since 2020
0.5 hrs/week
$8K (2020) → $8K (2024)
Former officers (1)
- Former: Charles L. Odom (2020–2023) — Treasurer, Assistant Secretary & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $40K, to Arch K Schoch IV (President/Director). 6 officers or directors reported compensation on that filing.
Frequently asked questions about RB Terry Charitable Foundation Inc
How much does RB Terry Charitable Foundation Inc give each year?
RB Terry Charitable Foundation Inc gave $9.0M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $9.0M across 3 grants.
What is RB Terry Charitable Foundation Inc's typical grant size?
RB Terry Charitable Foundation Inc's median grant in 2024 was $4,500,000, and its average grant was $3,003,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does RB Terry Charitable Foundation Inc give grants?
RB Terry Charitable Foundation Inc gives mostly in North Carolina: 50% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Virginia (50%).
Does RB Terry Charitable Foundation Inc give general operating support?
Yes: 100% of RB Terry Charitable Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is RB Terry Charitable Foundation Inc?
RB Terry Charitable Foundation Inc reported $202.5M in total assets on its 2024 IRS Form 990-PF. It paid out $9.1M in qualifying distributions that year, against a required minimum of $9.7M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is RB Terry Charitable Foundation Inc's EIN?
RB Terry Charitable Foundation Inc's EIN (Employer Identification Number) is 56-2066238. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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