Foundation 43
Foundation 43 is a private foundation focused on Mental Health & Crisis Intervention, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $195K in total assets. In 2024, it awarded 5 grants totaling $266K.
Foundation 43 at a glance
In short: Foundation 43 gave $266K across 5 grants in 2024 (avg $53K), top state California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $265,983
- +14.4% vs 2023
- Grants made (2024)
- 5
- +0.0% vs 2023
- Average grant
- $53,197
- +14.4% vs 2023
- Median grant
- $55,500
- Total assets
- $195,127
- +60.0% vs 2023
- Primary geography
- California (43% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Foundation 43 funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was The Trevor Project ($80K). Together the top 5 received $266K.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 16 grants of 23 (70%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Foundation 43 gives
- Giving grew 143% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $109K (2021) to $266K (2024). In 2024 it made 5 grants totaling $266K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Trevor Project West Hollywood, CA | To support address and raise awareness of issues regarding mental health and other social causes | $80,483 |
| Headstrong Project Inc New York, NY | To support address and raise awareness of issues regarding mental health and other social causes | $60,000 |
| Active Minds Inc Washington, DC | To support address and raise awareness of issues regarding mental health and other social causes | $55,500 |
| Black Men Heal Ardmore, PA | To support address and raise awareness of issues regarding mental health and other social causes | $35,000 |
| Social Good Fund Richmond, CA | To support address and raise awareness of issues regarding mental health and other social causes | $35,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $195,127 | $304,098 | $283,868 | $265,983 | 5 | $283,868 | $10,772 |
| 2023 | $121,971 | $301,388 | $263,049 | $232,523 | 5 | $263,049 | $4,574 |
| 2022 | $123,213 | $236,225 | $225,335 | $199,144 | 7 | $225,335 | $4,132 |
| 2021 | $83,403 | $193,030 | $141,032 | $109,470 | 6 | $141,032 | $3,712 |
| 2020 | $17,935 | $31,841 | $13,906 | — | — | — | $74 |
Under IRS private-foundation payout rules, Foundation 43 reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Foundation 43 is led by Thomas Montgomery, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas Montgomery
President
On filings since 2020
1 hr/week
No compensation reported
Kyle Hency
Director
First Vice President → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
William Castillo
Director
Second Vice President → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
David Wardell
Secretary
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Dave Wardell (2020–2021) — Secretary Treasurer
Data from IRS Form 990 filings, 2020–2024. "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 Foundation 43
How much does Foundation 43 give each year?
Foundation 43 gave $266K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $233K across 5 grants.
What is Foundation 43's typical grant size?
Foundation 43's median grant in 2024 was $55,500, and its average grant was $53,197, across 5 grants on its 2024 IRS Form 990-PF.
Where does Foundation 43 give grants?
Foundation 43's top state is California, with 43% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (23%) and District of Columbia (21%).
Does Foundation 43 give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Foundation 43's 2024 IRS Form 990-PF were described as general or operating support.
Who are Foundation 43's largest grantees?
Foundation 43's largest 2024 grantees include The Trevor Project ($80,483), Headstrong Project Inc ($60,000) and Active Minds Inc ($55,500), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.
How large is Foundation 43?
Foundation 43 reported $195K in total assets on its 2024 IRS Form 990-PF. It paid out $284K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
What is Foundation 43?
Foundation 43 is a private foundation focused on Mental Health & Crisis Intervention, based in Austin, TX. It holds $195K in total assets as of 2024.
What is Foundation 43's EIN?
Foundation 43's EIN (Employer Identification Number) is 85-2985262. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Foundation 43's focus areas in our free grants database
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