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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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Total Given
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Total Given
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Hawthorne David T and Gene J Educational
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Assets
—
Grants
1
Total Given
$47K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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