Eddy Foundation
Eddy Foundation is a private foundation based in Tucson, Arizona. Its 2024 filing reports 18 grants totaling $34,540 to organizations in Arizona and Montana, including organizations providing tuition assistance, youth support, housing, food assistance, and land conservation.
Eddy Foundation at a glance
In short: Eddy Foundation gave $35K across 18 grants in 2024 (avg $2K), mostly in Arizona. 33% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $34,540
- +21.5% vs 2023
- Grants made (2024)
- 18
- +12.5% vs 2023
- Average grant
- $1,919
- +8.0% vs 2023
- Median grant
- $1,000
- Total assets
- $527,063
- +6.8% vs 2023
- New grantees (estimate)
- 33% first-time grantees (6 of 18, 2024; small sample)
- Primary geography
- Arizona (86% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Eddy Foundation
- How to Apply
-
The filing says to send a letter to Jim O’Connell and include brochures or other information about the charitable organization. It lists no restrictions on awards and says the foundation does not restrict giving to preselected organizations.
- Contact
Application contact: Jim O'Connell
Mailing address: 6867 N Oracle Road Suite 101, Tucson, AZ 85704
Phone: (520) 219-1856
Email: brad@caprinc.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Eddy Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Institute for Better Education ($8K). Together the top 10 received $28K.
Organizations only. It also paid 1 grant to individuals ($500), which are not listed by name.
Grant Size Distribution
81 grants across all recorded years
The most common grant size was under $50K: 81 grants of 81 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 86% of grant dollars went to recipients in Arizona and 14% to recipients in Montana.
Grant Distribution by State
Share of 2024 grant dollars across all 18 itemized grants.
Cities
Is Eddy Foundation open to new grantees?
33%
first-time grantees, 2024
In 2024, 6 of 18 grantees (33%) were first-time recipients. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $1K; repeat grants $2K. How we count
Medians: $880 first-time, $2K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving grew 65% from 2021 to 2024. Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $19K (2019) to $35K (2024). In 2024 it made 18 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Institute for Better Education Tucson, AZ | tuition assistance | $8,000 |
| Assistance League of Tucson Tucson, AZ | General Support | $5,500 |
| Youth On Their Own Tucson, AZ | General Support | $3,500 |
| The Ronald McDonald House Charity Tucson, AZ | General Support | $2,000 |
| Habitat For Humanity - Tucson Tucson, AZ | General Support | $2,000 |
| Community Food Bank Tucson, AZ | General Support | $2,000 |
| Ecba Great Falls, MT | General Support | $2,000 |
| Big Brothers Big Sisters of Tucson Tucson, AZ | General Support | $1,000 |
| The Montana Land Reliance Helena, MT | General Support | $1,000 |
| Montana State Foundation Bozeman, MT | general support | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $527,063 | $32,348 | $34,369 | $34,540 | 18 | $34,040 | $15,189 | $42,083 |
| 2023 | $493,584 | $28,000 | $28,713 | $28,438 | 16 | $28,438 | $14,132 | $34,036 |
| 2022 | $404,297 | $22,957 | $28,599 | $28,300 | 17 | $28,300 | $12,040 | $28,442 |
| 2021 | $363,439 | $19,424 | $21,228 | $20,950 | 14 | $20,950 | $11,461 | $28,304 |
| 2020 | $343,743 | $7,566 | $22,119 | $21,278 | 16 | — | $10,551 | $20,942 |
| 2019 | $337,596 | $14,367 | $19,698 | $19,214 | 17 | — | $13,883 | $21,278 |
Under IRS private-foundation payout rules, Eddy Foundation reported a distributable amount of $42K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied activities. For example, the Institute for Better Education describes its work as helping remove financial obstacles to Arizona private K–12 education through tax-credit scholarships. Youth On Their Own says it supports the graduation and continued success of youth experiencing homelessness in Pima County. The Community Food Bank describes its mission as ensuring communities are healthy and hunger-free, and the Montana Land Reliance describes its work as protecting private lands important for agriculture, wildlife habitat, and open space.
Grantmaking
In 2024, the foundation gave $34,540 across 18 grants. Grants ranged from $500 to $8,000, with a median grant of $1,000. The largest listed awards included $8,000 to the Institute for Better Education for tuition assistance, $5,500 to Assistance League of Tucson for general support, and $3,500 to Youth On Their Own for general support. Other listed grants included $2,000 each to the Ronald McDonald House Charity, Habitat for Humanity – Tucson, Community Food Bank, and ECBA.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Jim O’Connell as president and Brad Bruno as treasurer.
Eddy Foundation is led by Jim O'Connell, President on every filing since 2019; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jim O'Connell
President
On filings since 2019
No compensation reported
Brad Bruno
Treasurer
On filings since 2019
No compensation reported
Former officers (1)
- Former: Kelly Kuntz (2019–2021) — Vice President
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Eddy Foundation
How much does Eddy Foundation give each year?
Eddy Foundation gave $35K across 18 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $28K across 16 grants.
What is Eddy Foundation's typical grant size?
Eddy Foundation's median grant in 2024 was $1,000, and its average grant was $1,919, across 18 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Eddy Foundation that year got $1K on average.
Where does Eddy Foundation give grants?
Eddy Foundation gives mostly in Arizona: 86% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Montana (14%). The most frequent recipient cities were Tucson, AZ (7 grants), Helena, MT (2 grants), Phoenix, AZ (2 grants) and Mesa, AZ (2 grants).
Does Eddy Foundation give general operating support?
Yes: 83% of Eddy Foundation's 2024 grants with a stated purpose (15 of 18) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Eddy Foundation's largest grantees?
Eddy Foundation's largest 2024 grantees include Institute for Better Education ($8,000), Assistance League of Tucson ($5,500) and Youth On Their Own ($3,500), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($500), which are not listed by name. Together they received 49% of its itemized 2024 grant dollars.
How large is Eddy Foundation?
Eddy Foundation reported $527K in total assets on its 2024 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $42K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Eddy Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants went to organizations with varied activities. For example, the Institute for Better Education describes its work as helping remove financial obstacles to Arizona private K–12 education through tax-credit scholarships. See mission & focus areas ↑
How do I apply for a grant from Eddy Foundation?
The filing says to send a letter to Jim O’Connell and include brochures or other information about the charitable organization. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Eddy Foundation's EIN?
Eddy Foundation's EIN (Employer Identification Number) is 81-0537109. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 7, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 10, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 9, 2025)
- IRS filings on file for fiscal years 2020–2024
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