Rd & Joan Dale Hubbard Foundation
The RD & Joan Dale Hubbard Foundation is a private foundation based in Ruidoso, an individual recipient It made 51 grants totaling $802,659 in 2024, supporting organizations that include healthcare, education, arts, and community-service organizations.
Key facts about Rd & Joan Dale Hubbard Foundation
In short: Rd & Joan Dale Hubbard Foundation gave $803K across 51 grants in 2024 (avg $16K), mostly in New Mexico. 17% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 75-2266308
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $802,659
- Grants made (2024)
- 51
- Average grant
- $15,738
- Median grant
- $6,000
- New grantees (estimate)
- 17% first-time grantees (7 of 42, 2024)
- Total assets
- $12,508,441
- Primary geography
- New Mexico (81% of itemized 2024 grant dollars)
- How to apply
- Send a general letter of request to Tamara Groat. Full details ↓
- Deadline
- None; the filing states that notice of acceptance or denial is returned in two months.
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.5M
-10.7% YoY
Annual Giving
$803K
-94.0% YoY
Grant Count
51
-1.9% YoY
Avg Grant Size
$16K
-93.9% YoY
Under IRS private-foundation payout rules, Rd & Joan Dale Hubbard Foundation reported a distributable amount of $957K for 2024 — the minimum it must pay out in qualifying distributions.
Is Rd & Joan Dale Hubbard Foundation open to new grantees?
17%
first-time grantees, 2024
In 2024, 7 of 42 grantees (17%) were first-time recipients. First grants averaged $52K; repeat grants $12K. How we count
Medians: $25K first-time, $6K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving fell 45% from 2021 to 2024. Method
- In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and purposes. Presbyterian Healthcare Foundation, which received two grants, describes its mission as raising and stewarding funds to improve health and lives in communities served by Presbyterian Healthcare Services in an individual recipient The University of New Mexico Foundation, which received two grants, says it builds partnerships and support for the University of an individual recipient
Other 2024 recipients include Bighorn Golf Club Charities, which says its work is designed to improve and enrich the lives of Coachella Valley residents, and College of the Desert Foundation, which says it advances the college and enhances the quality of education. Help End Abuse for Life says it provides shelter, counseling, and education for domestic-violence victims and their families, while Lincoln County Food Bank says it provides food assistance to people without adequate food sources.
Grantmaking
In 2024, the foundation made 51 grants totaling $802,659. Grant amounts ranged from $409 to $100,000, with a median of $6,000. Its largest listed awards were $100,000 each to Presbyterian Healthcare Foundation for a hospital heli-pad construction fund and to University of NM Athletics Lobo Clu for general support. Other notable grants included $50,000 to Ruidoso Downs Racetrack Chapel for a 2024 fire-loss fund, $50,000 to the University of New Mexico Foundation for a gastroenterology fellows education fund, and $29,500 to Bighorn Golf Club Charities for general support.
Review Cycle
None; the filing states that notice of acceptance or denial is returned in two months.
How to Apply
Send a general letter of request to Tamara Groat. The filing says the foundation does not restrict giving to preselected organizations and lists educational purposes, primarily in California, Texas, Kansas, and an individual recipient, as award restrictions.
Ready to take the next step with Rd & Joan Dale Hubbard Foundation?
Geographic Focus
Where this funder awards grants
In 2024, 81% of grant dollars went to recipients in an individual recipient, 11% to California, 2% each to Kentucky and Texas, and 1% to Utah. The filing lists California, Texas, Kansas, and an individual recipient as the states where educational-purpose awards are primarily directed.
Grant Distribution by State
Share of 2024 grant dollars across all 51 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $803K (2024) to $13.5M (2023). In 2024 it made 51 grants totaling $803K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Presbyterian Healthcare Foundation ($150K across 2 grants). Together the top 10 received $592K.
Organizations only. It also paid 4 individual scholarships ($34,250), which are not listed by name.
Grant Size Distribution
293 grants across all recorded years
The most common grant size was under $50K: 269 grants of 293 (92%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Presbyterian Healthcare Foundation Albuquerque, NM | Hospital Heli-Pad Construction Fund | $100,000 |
| University of NM Athletics Lobo CLU Albuquerque, NM | General Support | $100,000 |
| Presbyterian Healthcare Foundation Albuquerque, NM | Hospital Heli-Pad Construction Fund | $50,000 |
| Ruidoso Downs Racetrack Chapel Ruidoso, NM | 2024 Fire Loss Fund | $50,000 |
| University of New Mexico Foundation Albuquerque, NM | Gastroenterology Fellows Ed Fund | $50,000 |
| University of NM Athletics Lobo CLU Albuquerque, NM | General Support 3YR Commitment | $50,000 |
| Bighorn Golf Club Charities Inc Palm Desert, CA | General Support | $29,500 |
| 4 individual scholarships Recipients not named | — | $34,250 |
| College of the Desert Foundation Palm Desert, CA | Support Student Services and Program | $25,000 |
| Spencer Theater Alto, NM | General Support | $25,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $12,508,441 | $623,330 | $1,012,146 | $802,659 | 51 |
| 2023 | $14,008,374 | $738,510 | $14,015,673 | $13,475,906 | 52 |
| 2022 | $26,531,186 | $787,262 | $1,992,785 | $1,447,115 | 66 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,508,441 | $14,008,374 | $26,531,186 |
| Revenue | $623,330 | $738,510 | $787,262 |
| Expenses | $1,012,146 | $14,015,673 | $1,992,785 |
| Qualifying Distributions | $927,469 | $13,699,009 | $1,629,489 |
| Net Investment Income | $358,020 | $329,267 | $389,758 |
| Distributable Amount | $957,103 | $1,107,216 | $1,752,811 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Joan Dale Hubbard as president, Tamara Groat as executive DI, and Billy G. Smith as treasurer.
Rd & Joan Dale Hubbard Foundation is led by Joan Dale Hubbard, President on every filing since 2020; 2 of 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Joan Dale Hubbard
President
On filings since 2020
No compensation reported
Billy G. Smith
Treasurer
On filings since 2023
$10K (2024)
Tamara Groat
Executive Di
Vice President & Secretary → Executive Di, 2024
On filings since 2023
$106K (2024)
Former officers (2)
- Former: Robert Donaldson (2020–2023) — Executive Di
- Former: Edward A. Burger (2020–2022) — Vice President, Secretary & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $106K, to Tamara Groat (Executive Di). 2 officers or directors reported compensation on that filing.
Contact
Application contact: Tamara Groat
Mailing address: PO Box 1471, Ruidoso, NM 88355
Phone: (760) 861-9239
Email: tamaragroat@jdhtrust.com
Frequently asked questions about Rd & Joan Dale Hubbard Foundation
How much does Rd & Joan Dale Hubbard Foundation give each year?
Rd & Joan Dale Hubbard Foundation gave $803K across 51 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $13.5M across 52 grants.
What is Rd & Joan Dale Hubbard Foundation's typical grant size?
Rd & Joan Dale Hubbard Foundation's median grant in 2024 was $6,000, and its average grant was $15,738, across 51 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Rd & Joan Dale Hubbard Foundation that year got $52K on average.
Where does Rd & Joan Dale Hubbard Foundation give grants?
Rd & Joan Dale Hubbard Foundation gives mostly in New Mexico: 81% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (11%). The most frequent recipient cities were Ruidoso, NM (12 grants), Albuquerque, NM (8 grants), Palm Desert, CA (5 grants) and Alto, NM (5 grants).
Does Rd & Joan Dale Hubbard Foundation give general operating support?
Yes: 43% of Rd & Joan Dale Hubbard Foundation's 2024 grants with a stated purpose (22 of 51) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarship" (16 grants) and "Wild Fire Relief" (3 grants).
Who are Rd & Joan Dale Hubbard Foundation's largest grantees?
Rd & Joan Dale Hubbard Foundation's largest 2024 grantees include Presbyterian Healthcare Foundation ($150,000 across 2 grants), University of NM Athletics Lobo CLU ($150,000 across 2 grants) and University of New Mexico Foundation ($75,000 across 2 grants), according to its 2024 IRS Form 990-PF. It also paid 4 individual scholarships ($34,250), which are not listed by name. Together they received 47% of its itemized 2024 grant dollars.
How large is Rd & Joan Dale Hubbard Foundation?
Rd & Joan Dale Hubbard Foundation reported $12.5M in total assets on its 2024 IRS Form 990-PF. It paid out $927K in qualifying distributions that year, against a required minimum of $957K (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.
What does Rd & Joan Dale Hubbard Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for a range of organizations and purposes. See mission & focus areas ↑
How do I apply for a grant from Rd & Joan Dale Hubbard Foundation?
Send a general letter of request to Tamara Groat. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Rd & Joan Dale Hubbard Foundation's EIN?
Rd & Joan Dale Hubbard Foundation's EIN (Employer Identification Number) is 75-2266308. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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