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.
Key facts about H Fund
- EIN
- 75-2853493
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $30,700
- Grants made (2024)
- 4
- Average grant
- $7,675
- Median grant
- $5,000
- Total assets
- $1,591,367
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who H Fund funds
By grant dollars, the top recipient states for H Fund's 4 itemized 2024 grants were Texas (100%). None of its 4 grants with a stated purpose were described as general or operating support.
How H Fund gives
- Giving fell 46% from 2021 to 2024. Method
- In 2024 it paid out 31% 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.
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
Share of all 4 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Jason Rosailus Memorial Foundation ($20,000), Texas Nurses Assoc ($5,000), Greater Houston Community Fund ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JASON ROSAILUS MEMORIAL FOUNDATION AMARILLO, TX | CHARITABLE CONTRIBUTONS | $20,000 |
| TEXAS NURSES ASSOC AUSTIN, TX | SCOLARSHIPS | $5,000 |
| GREATER HOUSTON COMMUNITY FUND HOUSTON, TX | DISASTER RELIEF | $5,000 |
| TEXAS AM FOUNDATION COLLEGE STATION, TX | SCHOLARSHIPS | $700 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.