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Underwood Foundation is a private corporation based in HOUSTON, TX. The foundation received its IRS ruling in 1997. The principal officer is % Lynda K Underwood. It holds total assets of $17M. Annual income is reported at $19.1M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Underwood Foundation has made 10 grants totaling $2.7M, with a median grant of $225K. Annual giving has decreased from $1.9M in 2022 to $875K in 2023. Individual grants have ranged from $25K to $550K, with an average award of $273K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Underwood Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in TX.
Underwood Foundation has distributed a total of $2.7M across 10 grants. The median grant size is $225K, with an average of $273K. Individual grants have ranged from $25K to $550K.
Underwood Foundation typically selects its grantees rather than accepting unsolicited proposals.
Underwood Foundation is headquartered in HOUSTON, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Catherine Underwood Murray | PRESIDENT | $0 | $0 | $0 |
| Lynda K Underwood | VP/SECR/DIR | $0 | $0 | $0 |
| M Patric Mascorro | ASST SECR/TREAS | $0 | $0 | $0 |
| David M Underwood Jr | DIRECTOR | $0 | $0 | $0 |
| Duncan K Underwood | DIRECTOR | $0 | $0 | $0 |
Total Giving
$937K
Total Assets
$16.8M
Fair Market Value
$18.6M
Net Worth
$16.8M
Grants Paid
$875K
Contributions
$0
Net Investment Income
$554K
Distribution Amount
$876K
Total Grants
10
Total Giving
$2.7M
Average Grant
$273K
Median Grant
$225K
Unique Recipients
5
Most Common Grant
$200K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Episcopal High SchoolScholarship | Bellaire, TX | $550K | 2023 |
| Faith Academy BellvilleOPERATIONS AND EXPANSION PLAN | Bellville, TX | $250K | 2023 |
| American Leadership ForumScholarship | Houston, TX | $50K | 2023 |
| Crosswalk CenterOPERATIONS AND EXPANSION PLAN | Houston, TX | $25K | 2023 |
| Dallas Theological SeminaryScholarship | Dallas, TX | $225K | 2022 |
Other foundations that have funded Underwood Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Joyce Family Foundation Inc. | $52K | 2021 | TO PROVIDE RESOURCES FOR PEOPLE LIVING WITH CYSTIC FIBROSIS. |
| Joyce Family Foundation Inc. | $50K | 2020 | TO PROVIDE RESOURCES FOR PEOPLE LIVING WITH CYSTIC FIBROSIS. |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
HOUSTON, TX
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