The Walter E. Terhune Memorial Fund is a component fund of the Greater Toledo Community Foundation. The fund's origins trace to Walter E. Terhune's vision in the 1920s, which laid the foundation for what would become the Greater Toledo Community Foundation. The fund operates as part of a community foundation structure serving northwest Ohio and southeast Michigan.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.1M
+10.2% YoY
Annual Giving
$689K
+10.2% YoY
Grant Count
30
-9.1% YoY
Avg Grant Size
$23K
+21.2% YoY
Under IRS private-foundation payout rules, Walter E Terhune Memorial Fund reported a distributable amount of $731K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Walter E. Terhune Memorial Fund supports the Greater Toledo Community Foundation's mission to create opportunities, connect generosity, and inspire collective action to strengthen the region. The foundation's broader funding priorities include education, health, arts, and social services.
Grantmaking
The Walter E. Terhune Memorial Fund serves as a "Top Dog Sponsor" for the Bark in the Park event held at Blueberry Fields Dog Park, indicating active community engagement and philanthropic support for local initiatives.
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Geographic Focus
Where this funder awards grants
The fund supports northwest Ohio and southeast Michigan through the Greater Toledo Community Foundation's grantmaking activities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,133,596 | $8,287,738 | $6,431,111 |
| Revenue | $1,679,843 | $2,569,346 | $808,519 |
| Expenses | $833,864 | $712,806 | $841,509 |
| Qualifying Distributions | $709,957 | $643,820 | $771,266 |
| Net Investment Income | $1,615,193 | $2,512,900 | $751,378 |
| Distributable Amount | $730,673 | $599,911 | $620,285 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
160 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Toledo Alliance for the Performing Arts ($110,000), Toledo Museum of Art ($57,500), Erie Shores Council ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| STRANAHAN ELEMENTARY PTA TOLEDO, OH | GENERAL OPERATING | $5,000 |
| GOOD GRIEF OF NORTHWEST OHIO TOLEDO, OH | GENERAL OPERATING | $2,500 |
| TOLEDO CLASSIC INC TOLEDO, OH | GENERAL OPERATING | $16,000 |
| CATHOLIC CHARITIES NEW YORK, NY | GENERAL OPERATING | $20,000 |
| TRINITY EPISCOPAL CHURCH SAUGERTIES, NY | GENERAL OPERATING | $20,000 |
| TEAM FORT MILL, SC | GENERAL OPERATING | $10,000 |
| RUTHERFORD B HAYES PRESIDENTIAL CENTER FREMONT, OH | GENERAL OPERATING | $5,000 |
| ERIE SHORES COUNCIL TOLEDO, OH | GENERAL OPERATING | $50,000 |
| MAUMEE VALLEY HABITAT FOR HUMANITY MAUMEE, OH | GENERAL OPERATING | $10,000 |
| WOOD LANE RESIDENTIAL SERVICES BOWLING GREEN, OH | GENERAL OPERATING | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEYBANK N A | TRUSTEE | 1 | $81,028 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Walter E Terhune Memorial Fund fund?
The Walter E. Terhune Memorial Fund supports the Greater Toledo Community Foundation's mission to create opportunities, connect generosity, and inspire collective action to strengthen the region. The foundation's broader funding priorities include education, health, arts, and social services.
How do I apply for a grant from Walter E Terhune Memorial Fund?
The Walter E. Terhune Memorial Fund serves as a "Top Dog Sponsor" for the Bark in the Park event held at Blueberry Fields Dog Park, indicating active community engagement and philanthropic support for local initiatives.
Where does Walter E Terhune Memorial Fund make grants?
The fund supports northwest Ohio and southeast Michigan through the Greater Toledo Community Foundation's grantmaking activities.
What size grants does Walter E Terhune Memorial Fund award?
In 2024, Walter E Terhune Memorial Fund awarded 30 grants totaling $689K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Walter E Terhune Memorial Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Walter E Terhune Memorial Fund reported a distributable amount of $731K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Walter E Terhune Memorial Fund's EIN?
Walter E Terhune Memorial Fund's EIN (Employer Identification Number) is 35-2446722. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Walter E Terhune Memorial Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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