Boris and Ināra Teterev Foundation

What Boris and Ināra Teterev Foundation does

The Boris and Ināra Teterev Foundation (Borisa un Ināras Teterevu Fonds) is a private charitable foundation established in 2010 in Riga, Latvia, by philanthropists Boriss and Ināra Teterevi. It operates as a grant-making and program-operating entity across five pillars: art and culture, education and science, social assistance, community development, and animal welfare. The foundation does not sell products or services; instead it allocates donated funds to beneficiary organizations and runs direct programs including the 'Maizes rieciens' soup-kitchen food aid program, the 'Pats savam SAIMES GALDAM' gardening self-sufficiency initiative reaching nearly 21,000 residents, the 'Nāc un dari! Tu vari!' NGO grant program (712,100 EUR to 160 organizations since 2013), and media properties such as the 'Teātris.zip' theater broadcast series (300+ productions, 15 seasons on LTV) and 'Ķepa uz sirds' animal-welfare radio program on Latvian Radio (11,800+ animals helped). It anchors an institutional network of long-dated strategic partners — Rīgas Stradiņa Universitāte (47 medical graduates funded since 2011, 33,700+ Intelligence Academy attendees), Latvijas Mākslas akadēmija (13 named art scholarships, 82 study visits abroad), Latvijas Zinātņu akadēmija (annual Great Medal awards), Rundāle Palace Museum (restoration patron since 1997, project completed 2014), and Ziedot.lv (humanitarian grants) — alongside a national ecosystem of 9 community foundations covering 25 districts and ~300,000 residents. Primary beneficiaries are Latvian NGOs, community organizations, students in medicine and the arts, socially vulnerable populations, animal-welfare organizations, and cultural institutions, with a secondary international footprint across Peru, Asia, Africa, and the Middle East.

Name

Boris and Ināra Teterev Foundation

Legal name

Borisa un Ināras Teterevu fonds

Website

https://teterevufonds.lv

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

The Boris and Ināra Teterev Foundation (Borisa un Ināras Teterevu Fonds) is a private Latvian charitable foundation established in 2010 by Boriss and Ināra Teterevi, granting funds and operating programs in art, education, social assistance, community development, and animal welfare across Latvia with select international outreach.

Ownership category

akta.pro rank

Product category

Charitable Foundation Services

NAICS

Grantmaking Foundations (813211), Grantmaking and Giving Services (81321)

SIC

Services-Membership Organizations (8600)

akta.pro industry

PRIMARYBPAGAKAA

Private Foundations

Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking

SECONDARYBPAGAKAJ

Arts, Culture & Humanities Grantmaking Foundations

Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking

SECONDARYBPAGAKAK

Education Grantmaking Foundations

Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking

SECONDARYEDADAHAC

Scholarship & Fellowship Foundations and Trusts

Education/Education Administration, Accreditation & Policy/Education Funding, Grants & Financial Aid Administration

SECONDARYBPAGAKAB

Community Foundations

Business & Public Services/Nonprofit, NGO & Social Services/Philanthropy, Foundations & Grantmaking

Keywords

• Charitable foundation services
• Philanthropic grant making
• Arts education funding
• Community development programs
• Social assistance programs

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Others, Personnel, Operations, Marketing or Sales

Distribution channels1 record

Marketing channels4 records

Core offering

The Boris and Ināra Teterev Foundation is a private charitable foundation established in 2010 by philanthropists Boris and Ināra Teterevi in Latvia. It provides grants, scholarships, and program funding to charitable initiatives across five thematic pillars: art and culture, education and science, social assistance, community development, and animal welfare. The foundation has supported more than 160 charitable organizations and operates programs that include neighborhood projects, medical student scholarships, theater and cultural production support, community foundation development, and animal welfare initiatives.

Product overview

Boris and Ināra Teterev Foundation is a charitable foundation established in 2010 that supports humanitarian initiatives across Latvia. Rather than a commercial product company, the foundation operates a portfolio of charitable programs including: food assistance (Maizes rieciens), community development grants (Nāc un dari! Tu vari!), agricultural self-sufficiency (Pats savam SAIMES GALDAM), cultural heritage preservation (Rundāles pils restaurācijas atbalsts), theater broadcasts (Teātris.zip), animal welfare (Ķepa uz sirds), education scholarships in medicine and arts, and annual awards for outstanding achievements in science and arts. The foundation also maintains an honorary award (Goda zīme) for individuals contributing to Latvian society.

Differentiator

Problem solved

Functional benefit

Brands

• Goda zīme: The foundation's highest award/distinction presented to individuals for significant contributions.

Products and services

• Multi-pillar charitable grantmaking program A grantmaking program providing funding to more than 160 vetted charitable organizations operating in art and culture, education and science, social assistance, community development, and animal welfare across Latvia and selected international regions.
• Medical student scholarship program Scholarship funding provided to medical students at Latvian partner universities including institutions affiliated with the Latvian Academy of Medicine and the Latvian Academy of Sciences, supporting tuition and living expenses.
• Theater and performing arts production support Grant funding supporting theater productions and performing arts programming at Latvian cultural institutions.
• Rundāle Palace support program Funding support for Rundāle Palace, a major Latvian cultural heritage institution, covering preservation and programming activities.
• Community foundation development program Support for a network of community foundations operating in Latvian municipalities, building local-level philanthropic infrastructure and community development capacity.
• Animal welfare grant program Grant funding directed to animal welfare organizations and initiatives operating in Latvia.
• Vision examination program (Global Fairness) Support for vision examination services delivered as part of the Global Fairness initiative, addressing access to eye care for underserved populations.
• Intelligence Academy program An education and capability-building program branded as the Intelligence Academy, supporting learning and skill development initiatives.
• Neighborhood projects program Funding for neighborhood-level community projects in Latvia, supporting local initiatives that build community capacity and cohesion.
• International humanitarian programs (Middle East, Asia, Africa) Grant funding directed to international humanitarian and community development programs operating in the Middle East, Asia, and Africa, extending the foundation's social assistance and community development pillars beyond Latvia.

Quantifiable outcome

• 712,100 EUR distributed to 160 organizations (2013-2015)
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered minor, core and flagship.

• Global Fairness InitiativeminorStrategic or Co-development Partner · 1 January 2014International partnership supporting waste segregation training for disadvantaged communities in Lima, Peru since 2014. Provides skills development and income opportunities through waste recycling programs.
• Latvijas Zinātņu akadēmija (LZA)coreStrategic or Co-development Partner · 12 November 2013Partnership to support the LZA Great Medal - the highest award for Latvian and foreign scientists. Foundation provides 10,000 EUR prize money to each of two annual recipients since 2013.
• Latvian Community Foundations NetworkcoreStrategic or Co-development Partner · 1 January 20129 community foundations supported across Latvia (Talsi, Valmiera, Alūksne, Kandava, Limbaži, Lielvārde, Viduslatgale, Ķekava, Liepāja). These cover 25 districts and nearly 300,000 residents. Foundation is the main facilitator of community philanthropy in Latvia.
• Rīgas Stradiņa Universitāte (RSU)coreStrategic or Co-development Partner · 1 January 2010Long-standing partnership supporting medical education through scholarships. Since 2011, 47 scholarship recipients have graduated with medical degrees. The foundation also supports RSU's Intelligence Academy with over 33,700 attendees and COVID-19 research.
• Latvijas Mākslas akadēmija (LMA)coreStrategic or Co-development Partner · 1 January 2010Partnership since 2011 supporting art scholarships, the LMA Prize, and strategic planning. 'Mecenātes Ināras Teterevas stipendijas mākslā' have been awarded to 13 students. 23 creative trips and 82 study visits abroad supported.
• Ziedot.lvcoreStrategic or Co-development Partner · 1 January 2010Ongoing support for charitable initiatives and social assistance programs. Foundation supports Ziedot.lv's operations and humanitarian projects.
• Rundāles pils muzejsflagshipStrategic or Co-development Partner · 1 January 1997Major patron of Rundāle Palace restoration since 1997. Supported completion of restoration in 2014, including the Duchess's apartment, Duke's study, Billiard Hall, Great Gallery, and Library. Also supported publication of monographs about the palace.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Open Society Foundations: Large global grantmaking network founded by George Soros supporting democratic, educational, and cultural initiatives. Comparable as a privately endowed foundation with a similar cross-sector portfolio and long-term programmatic partnerships with academic and cultural institutions.
• Aga Khan Foundation: International private development foundation funding culture, education, and community development across multiple regions. Comparable in operating a diversified portfolio spanning heritage preservation, scholarships, and community philanthropy through long-tenure institutional partnerships.
• Ford Foundation: Large US private foundation funding inequality reduction, education, arts, and civic engagement globally. Comparable in scale of ambition across social, cultural, and educational pillars and in funding institutional partners rather than operating programs directly.
• Wellcome Trust: Large UK-based charitable foundation supporting science, health, and culture. Comparable as a privately endowed foundation running flagship scholarship and award programs (analogous to the LZA Great Medal) alongside cultural and community investments.
• Rockefeller Foundation: Historic US private foundation funding health, education, arts, and community development globally. Comparable in operating long-duration programs across multiple cause areas and supporting cultural-heritage and scientific-institution partnerships.

Regional players

• Soros Foundation Latvia: Major Latvia-based private foundation funding civil society, education, and culture. Most directly comparable regional peer as a large, externally-funded foundation operating in the same Latvian philanthropic ecosystem across overlapping cause areas.
• Baltic-American Freedom Foundation: Foundation focused on Baltic-region leadership development, scholarships, and civic engagement. Comparable as a regional grantmaker with overlapping scholarship, education, and community-development programs operating in the same geographic space.
• Lettish Foundation (Latvijas Kultūras fonds): Latvian cultural grantmaking organization supporting arts and cultural heritage. Comparable in mission focus on Latvian cultural preservation, arts programming, and grantmaking to cultural institutions analogous to the Teterev Foundation's arts-and-culture pillar.

Direct peers

• Charles Stewart Mott Foundation: US-based private family foundation with a strong community-foundation development program alongside education and environmental giving. Directly comparable for the explicit strategy of seeding and supporting a national network of community foundations, mirroring the 9-foundation Latvian network.
• Ziedot.lv: Latvia's primary charitable-giving platform and an existing partner of the Teterev Foundation. Most directly comparable domestic peer in mission and operating model — both channel Latvian philanthropy to NGOs, social-assistance programs, and humanitarian causes.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TeterevuFonds

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boris and Ināra Teterev Foundation