Terence & Jennifer Adderley Foundation
Terence & Jennifer Adderley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.4M
+14.1% YoY
Annual Giving
$875K
-44.4% YoY
Grant Count
7
+40.0% YoY
Avg Grant Size
$125K
-60.3% YoY
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.
About Terence & Jennifer Adderley Foundation
Based on IRS filings
Terence & Jennifer Adderley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $29,380,432 | $25,750,194 | $20,139,414 |
| Revenue | $4,590,693 | $7,319,864 | $12,873,947 |
| Expenses | $1,122,025 | $1,731,568 | $297,859 |
| Qualifying Distributions | $896,994 | $1,590,787 | $243,826 |
| Net Investment Income | $1,089,305 | $609,747 | $239,915 |
| Distributable Amount | $1,369,881 | $1,000,852 | $567,096 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Detroit Institute of Arts ($250,000), Detroit Institute of Arts ($250,000), Detroit Institute of Arts ($250,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| DETROIT INSTITUTE OF ARTS DETROIT, MI | ENDOWMENT FUND | $250,000 |
| DETROIT INSTITUTE OF ARTS DETROIT, MI | ENDOWMENT FUND | $250,000 |
| NORTHWEST MICHIGAN HABITAT FOR HUMANITY PETOSKEY, MI | GENERAL OPERATING SUPPORT | $50,000 |
| DETROIT INSTITUTE OF ARTS DETROIT, MI | ENDOWMENT CAMPAIGN | $250,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER G ADDERLEY | PRESIDENT/TREASURER | 1 | — |
| ANDREW H CUROE | SECRETARY | 1 | — |
| RICHARD J KELLY | DIRECTOR | 1 | — |
| EUGENE A GARGARO JR | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Terence & Jennifer Adderley Foundation?
Terence & Jennifer Adderley Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DETROIT, MI. It holds $29.4M in total assets as of 2024.
How large is Terence & Jennifer Adderley Foundation?
As of 2024, Terence & Jennifer Adderley Foundation holds $29.4M in total assets with $4.6M in annual revenue. It awarded 7 grants totaling $875K in 2024.
Where does Terence & Jennifer Adderley Foundation operate?
Terence & Jennifer Adderley Foundation has awarded grants in Michigan.
What size grants does Terence & Jennifer Adderley Foundation award?
In 2024, Terence & Jennifer Adderley Foundation awarded 7 grants totaling $875K — an average of about $125K per grant, based on its IRS Form 990 filings.
How much is Terence & Jennifer Adderley Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Terence & Jennifer Adderley Foundation reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Terence & Jennifer Adderley Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.