H Fund
H Fund is a private foundation, based in Amarillo, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.6M in total assets. In 2025, it awarded 2 grants totaling $43K. Net investment income was $48K.
H Fund at a glance
In short: H Fund gave $43K across 2 grants in 2025 (avg $22K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $43,000
- +40.1% vs 2024
- Grants made (2025)
- 2
- -50.0% vs 2024
- Average grant
- $21,500
- +180.1% vs 2024
- Median grant
- $21,500
- Total assets
- $1,644,384
- +3.3% vs 2024
- Primary geography
- Texas (58% 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 H Fund funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Jason Rosailus Memorial Foundation ($25K). Together the top 2 received $43K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 17 grants of 18 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How H Fund gives
- Giving fell 89% from 2022 to 2025. Method
- In 2025 it paid out 38% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2019 to 2025, annual grant giving ranged from $28K (2023) to $393K (2022). In 2025 it made 2 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jason Rosailus Memorial Foundation Amarillo, TX | Charitable Contributons | $25,000 |
| Fidelity Charitable Cincinnati, OH | Grants to Charities | $18,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,644,384 | $108,535 | $55,518 | $43,000 | 2 | $43,000 | $47,812 | $113,786 |
| 2024 | $1,591,367 | $169,793 | $41,083 | $30,700 | 4 | $30,700 | $124,706 | $99,801 |
| 2023 | $1,462,657 | $70,293 | $40,163 | $28,000 | 2 | $28,000 | $58,130 | $85,089 |
| 2022 | $1,432,527 | $150,215 | $411,616 | $393,212 | 3 | $393,212 | $120,144 | $88,036 |
| 2021 | $1,693,928 | $291,325 | $74,298 | $56,333 | 7 | $56,333 | $273,360 | $99,629 |
| 2020 | $1,417,086 | $-16,228 | $57,965 | $43,164 | 4 | — | $19,875 | $83,101 |
| 2019 | $1,491,279 | $152,008 | $87,927 | $70,500 | 7 | — | $129,664 | $79,110 |
Under IRS private-foundation payout rules, H Fund reported a distributable amount of $114K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
H Fund is led by Jack S Hudgins Jr., President since 2021 (on filings since 2019); none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jack S Hudgins Jr.
President
Vice President → President, 2021
On filings since 2019
No compensation reported
Debbie D Hudgins
Vice President
On filings since 2019
No compensation reported
Former officers (3)
- Former: Marlene Hoge Hudgins (2019–2024) — Vice President
- Former: Jack S Hudgins (2019–2023) — Vice President
- Former: Julie Hudgins Morris (2019–2021) — Vice President
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.
Frequently asked questions about H Fund
How much does H Fund give each year?
H Fund gave $43K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $31K across 4 grants.
How large is H Fund?
H Fund reported $1.6M in total assets on its 2025 IRS Form 990-PF. It paid out $43K in qualifying distributions that year, against a required minimum of $114K (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.
Where does H Fund operate?
H Fund has awarded grants in Georgia, Ohio, Texas.
What is H Fund's EIN?
H Fund's EIN (Employer Identification Number) is 75-2853493. 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS June 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS February 24, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS February 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 17, 2024)
Explore Open Grants
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