The Tepper Foundation

The Tepper Foundation

The Tepper Foundation was created in 1996 by David Tepper after he built Appaloosa Management into a major hedge fund. The foundation operates as the primary philanthropic vehicle for the Tepper family and focuses on basic needs, disaster relief, and community impact. Grant deployment centers on human services and education with additional emphasis on climate resilience and sustainable infrastructure. The foundation participates in collaborative vehicles including Blue Meridian Partners. It maintains exposure to public equities through holdings such as SPY and QQQ as reported in 2023 Form 990-PF filings. Geographic scope covers the United States with particular attention to New Jersey and the Carolinas. The foundation employs 17 professionals at its Short Hills headquarters. David Tepper serves on the Carnegie Mellon University Board of Trustees and previously sat on the Federal Reserve Bank of New York Investor Advisory Committee. Randi Tepper acts as CEO. A May 2025 appearance at the Milken Global Conference addressed economic policy and philanthropy. The foundation maintains separation from Appaloosa Management LP while sharing administrative resources. Governance rests with family principals and external partners, producing a structure that combines direct grant-making with participation in pooled philanthropic vehicles.