# The Tepper Foundation

The Tepper Foundation is an Endowment / Foundation based in Short Hills, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Short Hills, United States
- **Region:** North America
- **Address:** Appaloosa 51 JFK Parkway Suite 250B, Short Hills, NJ 07078, United States
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** tepperfoundation.org
- **LinkedIn:** https://www.linkedin.com/company/tepperfoundation

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Human Services
- Education

## People

- David Tepper — Founder

## Questions

### Who runs investment decisions at The Tepper Foundation?

Randi Tepper serves as CEO. David Tepper and Nicole Tepper sit on the board. Decisions align with family priorities and external partnerships such as Blue Meridian Partners.

### How does The Tepper Foundation source grant opportunities?

The foundation identifies recipients through direct outreach and participation in collaborative funds. It maintains relationships with organizations including Feeding America and Carnegie Mellon University.

### Does The Tepper Foundation make direct investments or only grants?

The foundation issues grants. It also holds public equity positions such as SPY and QQQ as disclosed in 2023 Form 990-PF filings.

### What geographic regions receive the largest share of grants?

Programs operate nationwide with documented activity in New Jersey and the Carolinas. The foundation lists national reach in its program descriptions.

### How is The Tepper Foundation related to Appaloosa Management?

Appaloosa Management LP provides investment advisory and administrative services to the foundation. The two entities share the Short Hills address.

### What is the foundation's known posture on co-investments alongside external partners?

The Tepper Foundation acts as a general partner in Blue Meridian Partners and has supported the Charlotte COVID-19 Response Fund through local partnerships.

## Related profiles

- [Evermay Wealth Management](https://altss.com/profile/evermay-wealth-management-llc)
- [Loreto Mutua](https://altss.com/profile/loreto-mutua)

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Last updated: 2026-06-03T20:00:00.000Z

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