The Convergence Institute is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $100K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-5.9% YoY
Annual Giving
$100K
+88.7% YoY
Grant Count
1
-80.0% YoY
Avg Grant Size
$100K
+843.4% YoY
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.
About The Convergence Institute
Based on IRS filings
The Convergence Institute is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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 grants totaling $100K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,400,708 | $2,550,937 | $2,539,079 |
| Revenue | $156,691 | $80,629 | $186,619 |
| Expenses | $306,920 | $68,771 | $64,776 |
| Qualifying Distributions | $101,750 | $54,749 | $54,040 |
| Net Investment Income | — | $78,879 | $185,119 |
| Distributable Amount | $10,667 | $39,812 | $53,254 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ucsf Foundation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UCSF FOUNDATION SAN FRANCISCO, CA | TO SUPPORT ORGANIZATION'S MISSION. | $100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THOMAS B MARTIN | PRESIDENT | 5 | — |
| MARY MARTIN | SECRETARY | 5 | — |
| THOMAS B MARTIN III | TREASURER | 5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Convergence Institute?
The Convergence Institute is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in AUSTIN, TX. It holds $2.4M in total assets as of 2024.
How large is The Convergence Institute?
As of 2024, The Convergence Institute holds $2.4M in total assets with $157K in annual revenue. It awarded 1 grants totaling $100K in 2024.
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 size grants does The Convergence Institute award?
In 2024, The Convergence Institute awarded 1 grants totaling $100K — an average of about $100K per grant, based on its IRS Form 990 filings.
How much is The Convergence Institute required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Convergence Institute reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Convergence Institute's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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