The Convergence Institute
The Convergence Institute is a private foundation, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.4M in total assets. In 2024, it awarded 1 grant totaling $100K.
The Convergence Institute at a glance
In short: The Convergence Institute gave $100K across 1 grant in 2024 (avg $100K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $100,000
- +88.7% vs 2023
- Grants made (2024)
- 1
- -80.0% vs 2023
- Average grant
- $100,000
- +843.4% vs 2023
- Median grant
- $100,000
- Total assets
- $2,400,708
- -5.9% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Convergence Institute funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was UCSF Foundation ($100K).
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 16 grants of 17 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How The Convergence Institute gives
- Giving grew 400% from 2021 to 2024. Method
- In 2024 it paid out 954% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $13K (2020) to $100K (2024). In 2024 it made 1 grant totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UCSF Foundation San Francisco, CA | To Support Organization's Mission. | $100,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $2,400,708 | $156,691 | $306,920 | $100,000 | 1 | $101,750 | — | $10,667 |
| 2023 | $2,550,937 | $80,629 | $68,771 | $52,999 | 5 | $54,749 | $78,879 | $39,812 |
| 2022 | $2,539,079 | $186,619 | $64,776 | $52,540 | 7 | $54,040 | $185,119 | $53,254 |
| 2021 | $2,417,236 | $94,505 | $260,656 | $20,001 | 3 | $21,501 | $69,404 | $50,722 |
| 2020 | $2,583,387 | $20,056 | $51,296 | $12,500 | 1 | — | — | $31,664 |
Under IRS private-foundation payout rules, The Convergence Institute reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Convergence Institute is led by Thomas B. Martin, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas B. Martin
President
On filings since 2020
5 hrs/week
No compensation reported
Mary Martin
Secretary
On filings since 2020
5 hrs/week
No compensation reported
Thomas B. Martin III
Treasurer
On filings since 2020
5 hrs/week
No compensation reported
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.
Frequently asked questions about The Convergence Institute
How much does The Convergence Institute give each year?
The Convergence Institute gave $100K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $53K across 5 grants.
How large is The Convergence Institute?
The Convergence Institute reported $2.4M in total assets on its 2024 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $11K (roughly 5% of its investment assets).
Where does The Convergence Institute operate?
The Convergence Institute has awarded grants in California, Florida, Georgia, Iowa, Kansas, Missouri, New York, Pennsylvania, Texas, Virginia.
What is The Convergence Institute's EIN?
The Convergence Institute's EIN (Employer Identification Number) is 74-2871700. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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