H Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 4 grants totaling $31K. Net investment income was $125K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+8.8% YoY
Annual Giving
$31K
+9.6% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$8K
-45.2% YoY
Under IRS private-foundation payout rules, H Fund reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.
About H Fund
Based on IRS filings
H Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 4 grants totaling $31K. Net investment income was $125K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,591,367 | $1,462,657 | $1,432,527 |
| Revenue | $169,793 | $70,293 | $150,215 |
| Expenses | $41,083 | $40,163 | $411,616 |
| Qualifying Distributions | $30,700 | $28,000 | $393,212 |
| Net Investment Income | $124,706 | $58,130 | $120,144 |
| Distributable Amount | $99,801 | $85,089 | $88,036 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jason Rosailus Memorial Foundation ($20,000), Texas Nurses Assoc ($5,000), Greater Houston Community Fund ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TEXAS AM FOUNDATION COLLEGE STATION, TX | SCHOLARSHIPS | $700 |
| TEXAS NURSES ASSOC AUSTIN, TX | SCOLARSHIPS | $5,000 |
| JASON ROSAILUS MEMORIAL FOUNDATION AMARILLO, TX | CHARITABLE CONTRIBUTONS | $20,000 |
| GREATER HOUSTON COMMUNITY FUND HOUSTON, TX | DISASTER RELIEF | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Marlene Hoge Hudgins | Vice President | — | — |
| Jack S Hudgins Jr | President | — | — |
| Debbie D Hudgins | Vice President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is H Fund?
H Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AMARILLO, TX. It holds $1.6M in total assets as of 2024.
How large is H Fund?
As of 2024, H Fund holds $1.6M in total assets with $170K in annual revenue. It awarded 4 grants totaling $31K in 2024.
Where does H Fund operate?
H Fund has awarded grants in Georgia, Ohio, Texas.
What size grants does H Fund award?
In 2024, H Fund awarded 4 grants totaling $31K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is H Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, H Fund reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in H Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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