Tim Terry & Gretchen Rice-terry is a private foundation focused on Education, based in CEDAR RAPIDS, IA. IRS filing data is available from 2020 through 2023. In 2023, it awarded 6 grants totaling $8K. Net investment income was $2.
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 reported a distributable amount of $180 for 2023 — the minimum it must pay out in qualifying distributions.
About Tim Terry & Gretchen Rice-terry
Based on IRS filings
Tim Terry & Gretchen Rice-terry is a private foundation focused on Education, based in CEDAR RAPIDS, IA. IRS filing data is available from 2020 through 2023. In 2023, it awarded 6 grants totaling $8K. Net investment income was $2.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2023
Grant Size Distribution
22 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include University of Iowa ($6,000), Iccsd Foundation ($1,000), Mercy Health Foundation ($250).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN TERRY | PRESIDENT | 1 | — |
| PATRICIA DAVIDSON | VICE-PRESIDE | 1 | — |
| KRISTINA ADAMS | SECRETARY | 1 | — |
| GRETCHEN RICE | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Tim Terry & Gretchen Rice-terry?
Tim Terry & Gretchen Rice-terry is a private foundation focused on Education, based in CEDAR RAPIDS, IA. It holds — in total assets as of 2023.
Where does Tim Terry & Gretchen Rice-terry operate?
Tim Terry & Gretchen Rice-terry has awarded grants in Iowa, Illinois, Massachusetts, Maryland, New York.
What size grants does Tim Terry & Gretchen Rice-terry award?
In 2023, Tim Terry & Gretchen Rice-terry awarded 6 grants totaling $8K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Tim Terry & Gretchen Rice-terry required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Tim Terry & Gretchen Rice-terry 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's EIN?
Tim Terry & Gretchen Rice-terry's EIN (Employer Identification Number) is 46-4465056. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.