Tim Terry & Gretchen Rice-Terry Foundation Ltd
Tim Terry & Gretchen Rice-Terry Foundation Ltd is a private foundation focused on Education, based in Cedar Rapids, IA. IRS filing data is available from 2019 through 2023. In 2023, it awarded 6 grants totaling $8K. Net investment income was $2.
Key facts about Tim Terry & Gretchen Rice-Terry Foundation Ltd
In short: Tim Terry & Gretchen Rice-Terry Foundation Ltd gave $8K across 6 grants in 2023 (avg $1K), mostly in Iowa. Source: 2023 IRS Form 990-PF.
- EIN
- 46-4465056
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $7,550
- Grants made (2023)
- 6
- Average grant
- $1,258
- Median grant
- $175
- Primary geography
- Iowa (97% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$8K
-11.2% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$1K
-70.4% YoY
Under IRS private-foundation payout rules, Tim Terry & Gretchen Rice-Terry Foundation Ltd reported a distributable amount of $180 for 2023 — the minimum it must pay out in qualifying distributions.
How Tim Terry & Gretchen Rice-Terry Foundation Ltd gives
- Giving fell 58% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Ready to take the next step with Tim Terry & Gretchen Rice-Terry Foundation Ltd?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $600 (2021) to $18K (2020). In 2023 it made 6 grants totaling $8K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2023
The largest 2023 recipient was University of Iowa ($6K). Together the top 6 received $8K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Iowa Iowa City, IA | General Operating | $6,000 |
| Iccsd Foundation Iowa City, IA | General Operating | $1,000 |
| Mercy Health Foundation Cedar Rapids, IA | General Operating | $250 |
| Altrusa Des Plaines, IL | General Operating | $100 |
| Community New York, NY | General Operating | $100 |
| Iowa Valley Habitat for Humanity Iowa City, IA | General Category | $100 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $8,562 | $17,621 |
| Revenue | $2 | $7 | $9 |
| Expenses | $8,564 | $9,066 | $601 |
| Qualifying Distributions | $8,564 | $9,066 | $600 |
| Net Investment Income | $2 | $7 | $9 |
| Distributable Amount | $180 | $662 | $876 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 29, 2020)
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
Tim Terry & Gretchen Rice-Terry Foundation Ltd is led by Kevin Terry, President on every filing since 2019; none of the 4 officers listed in 2023 report compensation.
Officers on the 2023 filing
Kevin Terry
President
On filings since 2019
1 hr/week
No compensation reported
Gretchen Rice
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Kristina Adams
Secretary
On filings since 2019
1 hr/week
No compensation reported
Patricia Davidson
Vice President
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Timothy Terry (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2023. "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 Tim Terry & Gretchen Rice-Terry Foundation Ltd
How much does Tim Terry & Gretchen Rice-Terry Foundation Ltd give each year?
Tim Terry & Gretchen Rice-Terry Foundation Ltd gave $8K across 6 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $9K across 2 grants.
What is Tim Terry & Gretchen Rice-Terry Foundation Ltd's typical grant size?
Tim Terry & Gretchen Rice-Terry Foundation Ltd's median grant in 2023 was $175, and its average grant was $1,258, across 6 grants on its 2023 IRS Form 990-PF.
Where does Tim Terry & Gretchen Rice-Terry Foundation Ltd give grants?
Tim Terry & Gretchen Rice-Terry Foundation Ltd gives mostly in Iowa: 97% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Iowa City, IA (3 grants).
Does Tim Terry & Gretchen Rice-Terry Foundation Ltd give general operating support?
Yes: 100% of Tim Terry & Gretchen Rice-Terry Foundation Ltd's 2023 grants with a stated purpose (6 of 6) were for general or operating support, per its 2023 IRS Form 990-PF.
Who are Tim Terry & Gretchen Rice-Terry Foundation Ltd's largest grantees?
Tim Terry & Gretchen Rice-Terry Foundation Ltd's largest 2023 grantees include University of Iowa ($6,000), Iccsd Foundation ($1,000) and Mercy Health Foundation ($250), according to its 2023 IRS Form 990-PF. Together they received 96% of its itemized 2023 grant dollars.
What is Tim Terry & Gretchen Rice-Terry Foundation Ltd?
Tim Terry & Gretchen Rice-Terry Foundation Ltd is a private foundation focused on Education, based in Cedar Rapids, IA.
How much is Tim Terry & Gretchen Rice-Terry Foundation Ltd required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Tim Terry & Gretchen Rice-Terry Foundation Ltd reported a distributable amount of $180 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Tim Terry & Gretchen Rice-Terry Foundation Ltd's EIN?
Tim Terry & Gretchen Rice-Terry Foundation Ltd's EIN (Employer Identification Number) is 46-4465056. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Tim Terry & Gretchen Rice-Terry Foundation Ltd by hand.
Explore Open Grants
Browse active grant opportunities in Tim Terry & Gretchen Rice-Terry Foundation Ltd's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Community Foundation of Johnson County
Coralville, IA
The Community Foundation of Johnson County funds nonprofit projects and capacity building across areas such as arts, education, health, human services, and environmental protection, primarily benefiting Johnson County, Iowa. Its 2025 grants had a median award of $17,622; specific programs offer up to $25,000 for Community Impact Grants, $2,500 for capacity building, and $5,000 for senior-focused projects. The profile does not state whether it accepts unsolicited requests.
Assets
$72.8M
Grants
98
Total Given
$3.2M
United Way of Johnson & Washington Count
Iowa City, IA
United Way of Johnson & Washington Counties funds health and human services addressing youth opportunity, financial security, healthy communities, and community resiliency in Johnson and Washington Counties, Iowa. Its 2025 grants ranged from $6,590 to $136,770, with a median of $18,863; organizations must become Partner Agencies to apply, and the application process is currently closed.
Assets
$2.9M
Grants
31
Total Given
$1.2M
RPC Inc Charitable Foundation
Iowa City, IA
The RPC Inc Charitable Foundation supports a range of charitable organizations, including those focused on hospice care, education, community services, and the arts, with 2024 grants going to recipients in Iowa. Its 2024 grants ranged from $100 to $11,500, with a median of $1,000. It gives only to preselected organizations and does not accept unsolicited requests.
Assets
$3.3M
Grants
65
Total Given
$139K
The Greater Cincinnati Foundation
Cincinnati, OH
The Greater Cincinnati Foundation supports education, affordable housing, arts and culture, community well-being, neighborhood development, and basic needs, with responsive grants focused on its eight-county Greater Cincinnati service area. Its 2024 grants had a median of $20,000, while specific opportunities range from small awards to grants of up to $450,000. It offers open RFP and LOI opportunities; the profile does not state whether it accepts unsolicited requests outside those opportunities.
Assets
$1.0B
Grants
1,408
Total Given
$184.4M
Housing Trust Fund of Johnson County
Iowa City, IA
The organization is organized exclusively for the purpose of expanding and strengthening efforts to address the housing, shelter and service needs of lowincome residents of Johnson county, Iowa.
Assets
$11.8M
Grants
8
Total Given
$584K
Daniel J & Ann L Krumm Charitable Trus
Ames, IA
The trust supports a broad range of charitable organizations, including churches, arts and cultural groups, conservation, education, community development, and public media organizations, primarily in Iowa. Its 2025 grants ranged from $1,000 to $32,000, with a median of $5,000. It accepts requests from eligible 501(c) organizations that are not private foundations; no specific application form or deadline is stated, and a current exemption letter is requested.
Assets
$4.6M
Grants
23
Total Given
$234K
Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn
Des Moines, IA
The Community Foundation of Greater Des Moines funds nonprofits through competitive grants for community impact, organizational capacity, and collaboration, with 2026 priorities including housing, transportation, health, economic opportunity, and inclusion. Giving varies widely: 2024 grants had a median of $12,889, while Capacity Building grants are capped at $7,500. Its programs serve Greater Des Moines and, through an affiliated foundation, Adair County; unsolicited requests are not addressed in the profile.
Assets
$918.7M
Grants
1,259
Total Given
$55.7M
Pella Rolscreen Foundation
Pella, IA
The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.
Assets
$22.4M
Grants
433
Total Given
$1.9M
Prairie Meadows Race Track and Casino Inc
Altoona, IA
Prairie Meadows funds arts and culture, education, economic development, human services, and youth sports and recreation through grants for projects in central Iowa and across Iowa. Its 2024 grant median was $15,000; program awards range from $100 to $1 million, depending on the grant program.
Assets
$327.6M
Grants
409
Total Given
$33.0M
Iowa Health Care Association Foundation
West Des Moines, IA
The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.
Assets
$329K
Grants
287
Total Given
$4.1M
New Charitable Foundation
Fort Dodge, IA
Assets
$6K
Grants
264
Total Given
$294K
Quad Cities Community Foundation
Bettendorf, IA
The Quad Cities Community Foundation supports charitable programs in health and human services, education, arts and culture, the environment, youth services, and community development. It primarily serves Rock Island County, Illinois, and Scott County, Iowa, with affiliate funds reaching nearby counties; its 2024 grants had a median of $15,000, while its Operations and Programs Grants accept requests of $5,000–$20,000.
Assets
$209.7M
Grants
263
Total Given
$7.5M
More Funders in Iowa
Tim Terry & Gretchen Rice-Terry Foundation Ltd down — hundreds of funders to go?