Terence & Jennifer Adderley Foundation
Terence & Jennifer Adderley Foundation is a private foundation, based in Detroit, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $29.4M in total assets. In 2024, it awarded 7 grants totaling $875K. Net investment income was $1.1M.
Terence & Jennifer Adderley Foundation at a glance
In short: Terence & Jennifer Adderley Foundation gave $875K across 7 grants in 2024 (avg $125K), mostly in Michigan. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $875,000
- -44.4% vs 2023
- Grants made (2024)
- 7
- +40.0% vs 2023
- Average grant
- $125,000
- -60.3% vs 2023
- Median grant
- $50,000
- Total assets
- $29,380,432
- +14.1% vs 2023
- Primary geography
- Michigan (100% 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 Terence & Jennifer Adderley Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Detroit Institute of Arts ($750K across 3 grants). Together the top 3 received $875K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 10 grants of 20 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How Terence & Jennifer Adderley Foundation gives
- In 2024 it paid out 65% 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 $5K (2020) to $1.6M (2023). In 2024 it made 7 grants totaling $875K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Detroit Institute of Arts Detroit, MI | Endowment Fund | $250,000 |
| Detroit Institute of Arts Detroit, MI | Endowment Fund | $250,000 |
| Detroit Institute of Arts Detroit, MI | Endowment Campaign | $250,000 |
| Northwest Michigan Habitat for Humanity Petoskey, MI | General Operating Support | $50,000 |
| Community Foundation of Southeast MI Detroit, MI | General Operating Support | $25,000 |
| Community Foundation of Southeast MI Detroit, MI | General Operating Support | $25,000 |
| Community Foundation of Southeast MI Detroit, MI | General Operating Support | $25,000 |
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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 | $29,380,432 | $4,590,693 | $1,122,025 | $875,000 | 7 | $896,994 | $1,089,305 | $1,369,881 |
| 2023 | $25,750,194 | $7,319,864 | $1,731,568 | $1,575,000 | 5 | $1,590,787 | $609,747 | $1,000,852 |
| 2022 | $20,139,414 | $12,873,947 | $297,859 | $237,260 | 7 | $243,826 | $239,915 | $567,096 |
| 2021 | $7,603,912 | $7,546,528 | $22,034 | — | — | $2,903 | $16,909 | $147,757 |
| 2020 | $79,770 | $2,305 | $11,422 | $5,000 | 1 | — | — | $4,167 |
Under IRS private-foundation payout rules, Terence & Jennifer Adderley Foundation reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Terence & Jennifer Adderley Foundation is led by Jennifer G. Adderley, President & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jennifer G. Adderley
President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Eugene A. Gargaro Jr.
Director
On filings since 2020
1 hr/week
No compensation reported
Richard J. Kelly
Director
On filings since 2020
1 hr/week
No compensation reported
Andrew H. Curoe
Secretary
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about Terence & Jennifer Adderley Foundation
How much does Terence & Jennifer Adderley Foundation give each year?
Terence & Jennifer Adderley Foundation gave $875K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.6M across 5 grants.
What is Terence & Jennifer Adderley Foundation's typical grant size?
Terence & Jennifer Adderley Foundation's median grant in 2024 was $50,000, and its average grant was $125,000, across 7 grants on its 2024 IRS Form 990-PF.
Where does Terence & Jennifer Adderley Foundation give grants?
Terence & Jennifer Adderley Foundation gives mostly in Michigan: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Detroit, MI (6 grants).
Does Terence & Jennifer Adderley Foundation give general operating support?
Yes: 57% of Terence & Jennifer Adderley Foundation's 2024 grants with a stated purpose (4 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Terence & Jennifer Adderley Foundation's largest grantees?
Terence & Jennifer Adderley Foundation's largest 2024 grantees include Detroit Institute of Arts ($750,000 across 3 grants), Community Foundation of Southeast MI ($75,000 across 3 grants) and Northwest Michigan Habitat for Humanity ($50,000), according to its 2024 IRS Form 990-PF.
How large is Terence & Jennifer Adderley Foundation?
Terence & Jennifer Adderley Foundation reported $29.4M in total assets on its 2024 IRS Form 990-PF. It paid out $897K in qualifying distributions that year, against a required minimum of $1.4M (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 Terence & Jennifer Adderley Foundation's EIN?
Terence & Jennifer Adderley Foundation's EIN (Employer Identification Number) is 82-4235509. 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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