Fundet Foundation Inc
Fundet Foundation Inc is a private foundation focused on religion, based in Millcreed, UT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $89.5M in total assets. In 2025, it awarded 3 grants totaling $83K. Net investment income was $4.8M.
Fundet Foundation Inc at a glance
In short: Fundet Foundation Inc gave $83K across 3 grants in 2025 (avg $28K), mostly in Utah. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $82,735
- Grants made (2025)
- 3
- Average grant
- $27,578
- Median grant
- $30,217
- Total assets
- $89,476,974
- +2.5% vs 2024
- Primary geography
- Utah (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Fundet Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was BYU Pathway ($48K). Together the top 3 received $83K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
Cities
How Fundet Foundation Inc gives
- Giving grew 8174% from 2022 to 2025. 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 2022 to 2025, annual grant giving ranged from $1K (2022) to $83K (2025). In 2025 it made 3 grants totaling $83K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BYU Pathway Salt Lake, UT | Education | $47,518 |
| Salt Lake Community College Foundat Salt Lake City, UT | Educations | $30,217 |
| Sleep In Heavenly Peace Kimberly, ID | Charitable | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|
| 2025 | $89,476,974 | $5,009,357 | $2,602,076 | $82,735 | 3 | $2,519,341 | $4,830,573 |
| 2024 | $87,320,663 | $6,458,093 | $4,145,441 | — | — | $4,043,441 | $4,733,843 |
| 2023 | $86,624,687 | — | $3,372,153 | — | — | $3,269,625 | $3,869,365 |
| 2022 | $87,522,231 | $1,000 | $2,345,333 | $1,000 | 1 | $2,344,333 | $2,664,943 |
| 2021 | $87,150,297 | $9,298,940 | $1,582,303 | — | — | $1,582,303 | $1,083,570 |
| 2020 | $79,433,412 | $2,458,419 | $1,721,664 | — | — | — | $1,132,581 |
| 2019 | $78,696,307 | $11,579,540 | $4,348,379 | — | — | — | $2,555,540 |
Leadership & Key People
Officers and directors from IRS filings
Fundet Foundation Inc is led by Hector Cando, President since 2022 (on filings since 2019); all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Hector Cando
President
Vice President → President, 2022
On filings since 2019
$30K (2024) → $30K (2025)
Hilda Clark
Treasurer
On filings since 2024
$42K (2024) → $42K (2025)
Former officers (1)
- Former: James Craddock (2019–2021) — Secretary
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $42K, to Hilda Clark (Treasurer). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Fundet Foundation Inc
How much does Fundet Foundation Inc give each year?
Fundet Foundation Inc gave $83K across 3 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Fundet Foundation Inc's typical grant size?
Fundet Foundation Inc's median grant in 2025 was $30,217, and its average grant was $27,578, across 3 grants on its 2025 IRS Form 990-PF.
Where does Fundet Foundation Inc give grants?
Fundet Foundation Inc gives mostly in Utah: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Idaho (6%).
Does Fundet Foundation Inc give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Fundet Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is Fundet Foundation Inc?
Fundet Foundation Inc reported $89.5M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $5.0M.
What is Fundet Foundation Inc?
Fundet Foundation Inc is a private foundation focused on religion, based in Millcreed, UT. It holds $89.5M in total assets as of 2025.
What is Fundet Foundation Inc's EIN?
Fundet Foundation Inc's EIN (Employer Identification Number) is 81-0598756. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 10, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 31, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 15, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 6, 2026)
- IRS filings on file for fiscal years 2019–2025
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