Terpstra Foundation
Terpstra Foundation is a private foundation, based in Lincoln, NE. IRS filing data is available from 2020 through 2025. In 2025, it awarded 2 grants totaling $135K.
Terpstra Foundation at a glance
In short: Terpstra Foundation gave $135K across 2 grants in 2025 (avg $68K), mostly in Nebraska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $135,000
- Grants made (2025)
- 2
- Average grant
- $67,500
- Median grant
- $67,500
- Primary geography
- Nebraska (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Terpstra Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was York Public Schools ($115K). Together the top 2 received $135K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 20 grants of 24 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How Terpstra Foundation gives
- Giving grew 101% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $67K (2022) to $215K (2023). In 2025 it made 2 grants totaling $135K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| York Public Schools York, NE | Support Education | $115,000 |
| Foundry Community Lincoln, NE | Support the Nebraska Community | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | — | $1,888 | $150,849 | $135,000 | 2 | $135,000 | $3,679 |
| 2024 | $149,420 | $154,273 | $18,020 | — | — | — | $4,004 |
| 2023 | $13,166 | $70,611 | $233,291 | $215,000 | 6 | $215,000 | $4,665 |
| 2022 | $175,693 | $106,317 | $85,680 | $67,000 | 7 | $67,000 | $9,049 |
| 2021 | $155,261 | $38,343 | $109,188 | $92,000 | 9 | $92,000 | $12,116 |
| 2020 | $226,106 | $15,272 | $122,809 | $106,300 | 10 | — | $15,746 |
Under IRS private-foundation payout rules, Terpstra Foundation reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Terpstra Foundation is led by Michael Terpstra, President on every filing since 2020; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Michael Terpstra
President
On filings since 2020
No compensation reported
Troy Gagner
Director
On filings since 2020
$10K (2020) → $6K (2025)
Denise Hicks Leinen
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Troy Gagner (Director).
Frequently asked questions about Terpstra Foundation
How much does Terpstra Foundation give each year?
Terpstra Foundation gave $135K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
Where does Terpstra Foundation operate?
Terpstra Foundation has awarded grants in Nebraska, Virginia.
How much is Terpstra Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Terpstra Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Terpstra Foundation's EIN?
Terpstra Foundation's EIN (Employer Identification Number) is 20-5819398. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 29, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 10, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 24, 2026)
- IRS filings on file for fiscal years 2020–2025
Live grants for the work Terpstra Foundation funds
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