Odyssey Foundation

Foundation · Grantmaker Littleton, CO EIN: 88-0436019

Odyssey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Littleton, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.2M in total assets. In 2024, it awarded 6 grants totaling $380K. Net investment income was $602K.

Key facts about Odyssey Foundation

EIN: 88-0436019
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $380,369
Grants made (2024): 6
Average grant: $63,395
Median grant: $52,359
Total assets: $5,229,115
Primary geography: Colorado (57% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Odyssey Foundation funds

By grant dollars, the top recipient states for Odyssey Foundation's 6 itemized 2024 grants were Colorado (57%), Nevada (30%) and Washington (13%). None of its 6 grants with a stated purpose were described as general or operating support.

How Odyssey Foundation gives

Giving held roughly steady from 2021 to 2024 (+9%). Method
In 2024 it paid out 99% 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.

Next steps with Odyssey Foundation

How to evaluate Odyssey Foundation as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.2M

+4.3% YoY

Annual Giving

$380K

+18.4% YoY

Grant Count

+20.0% YoY

Avg Grant Size

$63K

-1.3% YoY

Under IRS private-foundation payout rules, Odyssey Foundation reported a distributable amount of $384K for 2024 — the minimum it must pay out in qualifying distributions.

About Odyssey Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Colorado $216K (57%)

Nevada $115K (30%)

Washington $50K (13%)

Share of all 6 itemized 2024 grant dollars.

States

California Colorado Kansas Nevada New York Virginia Washington Wisconsin

Cities

EnglewoodDenverRenoSeattleTruckeeArlingtonBrooklynCharlottesvilleDanvilleFriday HarborGreenwood VillageLakewoodLimonMadisonNew YorkPalo AltoPort TownsendSan DiegoSilverthornStateline

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,229,115	$5,011,811	$5,056,608
Revenue	$639,055	$310,121	$132,257
Expenses	$421,751	$354,918	$410,680
Qualifying Distributions	$380,369	$321,300	$365,492
Net Investment Income	$601,535	$277,852	$97,069
Distributable Amount	$383,708	$335,480	$338,438

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 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 6 recipients in 2024

Grant Size Distribution

28 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Limon Education Foundation ($125,652), Junior Achievement of N Nevada ($60,000), Clean up the Lake ($54,717).

Recipient	Purpose	Amount
LIMON EDUCATION FOUNDATION Limon, CO	FOR A FULL CONSESSION STAND RENOVATION AT SCHOOL	$125,652
JUNIOR ACHIEVEMENT OF N NEVADA Reno, NV	TO SUPPORT FINANCIAL LITERACY IN 5TH GRADE STUDENT	$60,000
CLEAN UP THE LAKE Stateline, NV	FIR A DIVE TANK TOUCH SCREENS AND BASEMENT RENO	$54,717
FOOD BANK OF THE ROCKIES Denver, CO	NEW LAPTOPS AND FREEZER EQUIPMENT FOR FOOD BANKS	$50,000
SEATTLE BACH FESTIVAL Seattle, WA	TO SUPPORT THE FIRST SEATTLE BACH FESTIVAL	$50,000
CRAIG HOSPITAL Englewood, CO	FURTHER THEIR CHARITABLE PURPOSE	$40,000

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
Kathy Farrell	Trustee	—	—
Katie Farrell Mastin	Secretary	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Odyssey Foundation?

Odyssey Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Littleton, CO. It holds $5.2M in total assets as of 2024.

How large is Odyssey Foundation?

As of 2024, Odyssey Foundation holds $5.2M in total assets with $639K in annual revenue. It awarded 6 grants totaling $380K in 2024.

Where does Odyssey Foundation operate?

Odyssey Foundation has awarded grants in California, Colorado, Kansas, Nevada, New York, Virginia, Washington, Wisconsin.

What size grants does Odyssey Foundation award?

In 2024, Odyssey Foundation awarded 6 grants totaling $380K — an average of about $63K per grant, based on its IRS Form 990 filings.

How much is Odyssey Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Odyssey Foundation reported a distributable amount of $384K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.