The Underwood Foundation
The Underwood Foundation is a private foundation based in Chicago, Illinois. Its 2025 filing reports 14 grants totaling $34,800 to charitable organizations, with listed recipients in several states.
The Underwood Foundation at a glance
In short: The Underwood Foundation gave $35K across 14 grants in 2025 (avg $2K), top state Illinois. 0% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $34,800
- +28.4% vs 2024
- Grants made (2025)
- 14
- +40.0% vs 2024
- Average grant
- $2,486
- -8.3% vs 2024
- Median grant
- $2,250
- Total assets
- $445,788
- -11.1% vs 2024
- New grantees (estimate)
- 0% first-time grantees (0 of 14, 2025; small sample)
- Primary geography
- Illinois (39% 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 The Underwood Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 1 North Lasalle Street 3150, Chicago, IL 60602
Phone: (312) 726-1243
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Underwood Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was American Anglican Council ($6K). Together the top 10 received $32K.
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 71 grants of 71 (100%).
Geographic Focus
Where this funder awards grants
The foundation’s 2025 grant dollars went to recipients in multiple states. Illinois accounted for 39%, Georgia 23%, California 11%, Virginia 10%, and Wisconsin 7%.
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
States
Cities
Is The Underwood Foundation open to new grantees?
0%
first-time grantees, 2025
In 2025, 0 of 14 grantees (0%) were first-time recipients. With only 14 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. How we count
- 71% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+5%). Method
- In 2025 it paid out 133% 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 $27K (2024) to $51K (2020). In 2025 it made 14 grants totaling $35K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Anglican Council Atlanta, GA | General | $6,000 |
| Outreach Community Ministries Carol Stream, IL | General | $5,000 |
| Dan McKinney Family YMCA La Jolla, CA | General | $4,000 |
| Christian Legal Society McLean, VA | General | $3,000 |
| Covenant House Chicago, IL | General | $2,800 |
| Nashotah House Nashotah, WI | General | $2,600 |
| Food for the Poor Coconut Creek, FL | General | $2,500 |
| Caring Network Pregancy Dupage, IL | General | $2,000 |
| Hope International Naperville, IL | General | $2,000 |
| Map International Brunswick, GA | General | $2,000 |
Ready to take the next step with The Underwood Foundation?
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 | $445,788 | $-11,550 | $43,976 | $34,800 | 14 | $34,800 | $13,918 | $26,142 |
| 2024 | $501,314 | $30,093 | $48,258 | $27,100 | 10 | $27,100 | $9,050 | $26,122 |
| 2023 | $519,479 | $-35,531 | $42,287 | $31,853 | 14 | $31,853 | $11,833 | $24,426 |
| 2022 | $597,297 | $2,282 | $46,465 | $33,163 | 15 | $33,163 | $13,475 | $27,293 |
| 2021 | $641,480 | $31,530 | $55,700 | $39,750 | 18 | $39,750 | $15,595 | $32,550 |
| 2020 | $716,650 | $27,798 | $65,765 | $51,000 | 22 | — | $16,201 | $28,700 |
Under IRS private-foundation payout rules, The Underwood Foundation reported a distributable amount of $26K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s filing does not state a mission. Its 2025 grantees include organizations whose own missions describe church and faith-based work, community services, and health support. For example, the American Anglican Council says it works to build up and defend Great Commission Anglican churches in North America; Outreach Community Ministries says it works to restore hope and provide opportunities for people; and MAP International describes itself as a Christian organization providing medicines and health supplies to people in need.
Grantmaking
In filing year 2025, the foundation gave 14 grants totaling $34,800. Grants ranged from $500 to $6,000, with a median of $2,250. The largest listed grants were $6,000 to the American Anglican Council, $5,000 to Outreach Community Ministries, and $4,000 to Dan McKinney Family YMCA. Other listed grants included $3,000 to Christian Legal Society, $2,800 to Covenant House, and $2,500 to Food for the Poor.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Diana L Adam as president, Elisabeth Sem as vice president, Mary Baker as secretary, and Richard Baker as treasurer.
The Underwood Foundation is led by Diana L. Adam, President on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diana L. Adam
President
On filings since 2020
No compensation reported
Elisabeth Sem
Vice President
On filings since 2020
No compensation reported
Mary Baker
Secretary
On filings since 2020
No compensation reported
Richard Baker
Treasurer
On filings since 2020
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.
Frequently asked questions about The Underwood Foundation
How much does The Underwood Foundation give each year?
The Underwood Foundation gave $35K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $27K across 10 grants.
What is The Underwood Foundation's typical grant size?
The Underwood Foundation's median grant in 2025 was $2,250, and its average grant was $2,486, across 14 grants on its 2025 IRS Form 990-PF.
Where does The Underwood Foundation give grants?
The Underwood Foundation's top state is Illinois, with 39% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Georgia (23%) and California (11%). The most frequent recipient cities were Chicago, IL (2 grants).
Does The Underwood Foundation give general operating support?
Yes: 100% of The Underwood Foundation's 2025 grants with a stated purpose (14 of 14) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Underwood Foundation's largest grantees?
The Underwood Foundation's largest 2025 grantees include American Anglican Council ($6,000), Outreach Community Ministries ($5,000) and Dan McKinney Family YMCA ($4,000), according to its 2025 IRS Form 990-PF. Together they received 43% of its itemized 2025 grant dollars.
How large is The Underwood Foundation?
The Underwood Foundation reported $446K in total assets on its 2025 IRS Form 990-PF. It paid out $35K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
What does The Underwood Foundation fund?
The foundation’s filing does not state a mission. Its 2025 grantees include organizations whose own missions describe church and faith-based work, community services, and health support. See mission & focus areas ↑
How do I apply for a grant from The Underwood Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Underwood Foundation's EIN?
The Underwood Foundation's EIN (Employer Identification Number) is 36-6071053. IRS Form 990 filing data is available on this page for 2020–2025.
Does The Underwood Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 4, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Underwood Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Illinois
Christian Community Foundation Inc
Colorado Springs, CO
WaterStone supports domestic and international nonprofits, including Christian ministries and charitable and educational organizations, through donor-directed grants; eligible organizations must be IRS-recognized 501(c)(3)s whose mission aligns with its Statement of Faith. Its 2025 grants had a median of $20,000, with awards ranging from $5,028 to $11 million, and were concentrated in Texas and Colorado. Grant recommendations come from donor-advised fund holders; the profile does not state that it accepts unsolicited requests.
Assets
$746.4M
Grants
1,651
Total Given
$161.8M
Vyuha Inc
Miami Beach, FL
Vyuha Inc. supports qualified public charities chosen by members of the Vohra employee and partner community, across areas including health, education, arts, environment, and international aid. Its 2025 grants ranged from $2,500 to $50,000, with a median of $15,000, and went to organizations in the U.S. and internationally. It says it does not currently require an application form for consideration.
Assets
$14.5M
Grants
66
Total Given
$1.0M
The Chicago Community Trust
Chicago, IL
The Chicago Community Trust funds eligible nonprofits working to narrow the wealth gap and meet urgent needs, with priorities including economic mobility, education, jobs, homeownership, and community development in metropolitan Chicago and Cook County. Its 2025 grants had a median of $26,500, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$7.1B
Grants
4,316
Total Given
$1.2B
The Allstate Foundation
Northbrook, IL
The Allstate Foundation funds youth empowerment, efforts to prevent and address relationship abuse, nonprofit leadership, and related economic opportunity and equity work. Its 2024 grants ranged from $250 to $2 million, with a median of $1,000, and awards must support work in the United States. It accepts proposals from organizations beyond a preselected list; proposals are reviewed as received.
Assets
$89.3M
Grants
2,010
Total Given
$38.0M
Elks National Foundation Inc
Chicago, IL
The Elks National Foundation funds scholarships, youth programs, veterans’ services, and charitable projects through Elks Lodges and state associations across the United States. Its 2026 grants had a median size of $10,000, though awards varied widely; the profile describes application routes for specific Lodge and scholarship programs but does not state whether it accepts unsolicited requests.
Assets
$954.1M
Grants
1,536
Total Given
$36.5M
John D and Catherine T Macarthur Foundation
Chicago, IL
The MacArthur Foundation funds work advancing a more just, verdant, and peaceful world, including climate solutions, criminal justice, journalism, technology, and Chicago. In 2024, its grants had a median of $160,000, though awards ranged widely; it generally does not accept unsolicited requests, with possible exceptions for specific open calls or proposals that meet program guidelines.
Assets
$9.3B
Grants
1,086
Total Given
$356.1M
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from The Underwood 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.
The Underwood Foundation down — hundreds of funders to go?