Hillcrest Foundation
Hillcrest Foundation is a private foundation based in Dallas, Texas. Established in 1958, it provides financial support to qualified Texas charitable organizations for education, health, and poverty relief.
Hillcrest Foundation at a glance
In short: Hillcrest Foundation gave $8.0M across 84 grants in 2025 (avg $95K), mostly in Texas. 51% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $7,985,537
- +10.6% vs 2024
- Grants made (2025)
- 84
- +35.5% vs 2024
- Average grant
- $95,066
- -18.4% vs 2024
- Median grant
- $55,000
- Total assets
- $145,239,395
- +2.1% vs 2024
- New grantees (estimate)
- 51% first-time grantees (43 of 84, 2025)
- Primary geography
- Texas (99% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Hillcrest Foundation
- How to Apply
-
The foundation’s 2024 filing says to apply online and provide the organization’s history and general purpose, along with a copy of its IRS exemption. Awards are restricted to organizations located in Texas, and grant purposes must be poverty relief or the furtherance of education or health.
- Review Cycle
- The filing lists February 28, July 31, and November 30. These dates are past cycles as of October 2, 2026.
- Deadline
- The filing lists February 28, July 31, and November 30.
- Contact
Application contact: Bank Of American Philanthropic Solu
Mailing address: 901 Main St 16Th Floor, Dallas, TX 75202
Phone: (214) 209-2396
Email: tx.philanthropic@bofa.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Hillcrest Foundation
Who Hillcrest Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Children's Medical Center Foundation ($500K). Together the top 10 received $3.3M.
Grant Size Distribution
467 grants across all recorded years
The most common grant size was under $50K: 203 grants of 467 (43%).
Geographic Focus
Where this funder awards grants
The 2024 filing restricts eligible organizations to those located in Texas. The foundation’s program description says most grants go to charitable organizations in Dallas County and the surrounding area. In filing year 2025, 99% of grant dollars went to Texas recipients and 1% to Kansas recipients.
Grant Distribution by State
Share of 2025 grant dollars across all 84 itemized grants.
Cities
Is Hillcrest Foundation open to new grantees?
51%
first-time grantees, 2025
In 2025, 43 of 84 grantees (51%) were first-time recipients. First grants averaged $86K; repeat grants $104K. How we count
Medians: $50K first-time, $65K repeat.
- 5% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+1%). Method
- In 2025 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $7.2M (2020) to $8.2M (2023). In 2025 it made 84 grants totaling $8.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Children's Medical Center Foundation Dallas, TX | New Dallas Pediatric Hospital Campus | $500,000 |
| Dallas Methodist Hospitals Foundation Inc Dallas, TX | Women's and children's services: schenkel tower 3rd floor transformation, labor and delivery unit at methodist dallas medical center | $500,000 |
| Parkland Foundation Dallas, TX | Richland health center at dallas college: expanding healthcare access in Dallas county | $500,000 |
| Dallas Baptist University Dallas, TX | Collins Learning Center Renovations | $400,000 |
| Cityscape Schools Inc Dallas, TX | Security Enhancement for Cityscape Schools | $250,000 |
| North Texas Food Bank Plano, TX | Humanitarian grant - to be distributed to qualifying organizations | $250,000 |
| St Philip's School & Community Center Dallas, TX | Moody Performing & Fine Arts Pavilion | $250,000 |
| Girl Scouts of Northeast Texas Dallas, TX | Southern Sector Dreamlab for Girl Scouts | $200,000 |
| Goodwill Industries of Dallas Inc Dallas, TX | Now and Forever Campaign | $200,000 |
| Perot Museum of Nature and Science Dallas, TX | Perot Museum Children's Museum Transformation | $200,000 |
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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 | $145,239,395 | $12,439,273 | $9,829,886 | $7,985,537 | 84 | $8,827,816 | $11,652,841 | $8,806,957 |
| 2024 | $142,314,920 | $18,643,833 | $8,906,307 | $7,223,000 | 62 | $7,954,889 | $17,868,641 | $8,076,317 |
| 2023 | $131,936,527 | $8,964,060 | $9,830,452 | $8,233,500 | 98 | $8,994,247 | $8,219,270 | $7,901,364 |
| 2022 | $133,849,487 | $13,362,957 | $9,843,351 | $7,890,000 | 90 | $8,694,399 | $12,489,334 | $9,070,814 |
| 2021 | $131,733,983 | $13,264,714 | $8,870,869 | $7,365,000 | 133 | — | $12,214,739 | $8,664,880 |
| 2020 | $127,120,167 | $5,223,775 | $8,516,781 | $7,177,000 | 119 | — | $4,463,211 | $7,636,142 |
Under IRS private-foundation payout rules, Hillcrest Foundation reported a distributable amount of $8.8M for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated purpose is to advance education, promote health, and relieve poverty. Its 2025 grants included support for hospital and healthcare projects, schools and universities, food assistance, community services, and cultural and educational facilities.
Grantee missions illustrate the range of organizations supported. Children’s Medical Center Foundation says it raises philanthropic contributions to help Children’s Health System of Texas and related entities serve children. Dallas Baptist University describes its purpose as providing Christ-centered higher education. North Texas Food Bank says it works through feeding partners to improve access to nutritious food and address hunger’s root causes.
Grantmaking
In filing year 2025, the foundation awarded 84 grants totaling $7,985,537. Grants ranged from $10,000 to $500,000, with a median of $55,000. The separately listed Hillcrest Foundation Grant program has an award range of $10,000–$300,000.
Among the largest 2025 awards were $500,000 each to Children’s Medical Center Foundation for a new Dallas pediatric hospital campus, Dallas Methodist Hospitals Foundation for women’s and children’s services, and Parkland Foundation for the Richland Health Center at Dallas College. Other notable grants included $400,000 to Dallas Baptist University for Collins Learning Center renovations and $250,000 each to Cityscape Schools, North Texas Food Bank, and St. Philip’s School & Community Center.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bank of America as corporate trustee and WW Caruth III, D Harold Byrd III, Sandra Estess, Timothy R Vaughan, and Alan J Perkins as co-trustees.
Hillcrest Foundation's 2025 filing lists 6 officers; 1 of 6 officers listed in 2025 is compensated.
Officers on the 2025 filing
Bank Of America
Corp-Trustee
On filings since 2020
1 hr/week
$511K (2020) → $605K (2025)
Alan J. Perkins
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
D. Harold Byrd III
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Sandra Estess
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Ww Caruth III
Co-Trustee
On filings since 2020
1 hr/week
No compensation reported
Timothy R. Vaughan
Co-Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 $605K, to Bank of America (Corp-Trustee).
Frequently asked questions about Hillcrest Foundation
How much does Hillcrest Foundation give each year?
Hillcrest Foundation gave $8.0M across 84 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $7.2M across 62 grants.
What is Hillcrest Foundation's typical grant size?
Hillcrest Foundation's median grant in 2025 was $55,000, and its average grant was $95,066, across 84 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Hillcrest Foundation that year got $86K on average.
Where does Hillcrest Foundation give grants?
Hillcrest Foundation gives mostly in Texas: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dallas, TX (67 grants), Plano, TX (3 grants), Garland, TX (3 grants) and Rockwall, TX (2 grants).
Does Hillcrest Foundation give general operating support?
Not in 2025: none of the 84 grants with a stated purpose on Hillcrest Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Hillcrest Foundation's largest grantees?
Hillcrest Foundation's largest 2025 grantees include Children's Medical Center Foundation ($500,000), Dallas Methodist Hospitals Foundation Inc ($500,000) and Parkland Foundation ($500,000), according to its 2025 IRS Form 990-PF. Together they received 19% of its itemized 2025 grant dollars.
How large is Hillcrest Foundation?
Hillcrest Foundation reported $145.2M in total assets on its 2025 IRS Form 990-PF. It paid out $8.8M in qualifying distributions that year, against a required minimum of $8.8M (roughly 5% of its investment assets).
What does Hillcrest Foundation fund?
The foundation’s stated purpose is to advance education, promote health, and relieve poverty. Its 2025 grants included support for hospital and healthcare projects, schools and universities, food assistance, community services, and cultural and educational facilities. See mission & focus areas ↑
How do I apply for a grant from Hillcrest Foundation?
The foundation’s 2024 filing says to apply online and provide the organization’s history and general purpose, along with a copy of its IRS exemption. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Hillcrest Foundation's EIN?
Hillcrest Foundation's EIN (Employer Identification Number) is 75-6007565. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Explore Open Grants
Browse active grant opportunities in Hillcrest Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Hillcrest Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/hillcrest-foundation-morg_15a51b6ee91641259c1e6a4f7fdd1209
BibTeX
@misc{grantable_756007565_2026,
author = {{Grantable}},
title = {{Hillcrest Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/hillcrest-foundation-morg_15a51b6ee91641259c1e6a4f7fdd1209},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Hillcrest Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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