The Underwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.0M in total assets. In 2024, it awarded 1 grants totaling $950K. Net investment income was $1.2M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$17.0M
+1.7% YoY
Annual Giving
$950K
+8.6% YoY
Grant Count
1
-75.0% YoY
Avg Grant Size
$950K
+334.3% YoY
About The Underwood Foundation
Based on IRS filings
The Underwood Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.0M in total assets. In 2024, it awarded 1 grants totaling $950K. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,038,313 | $16,754,572 | $17,084,964 |
| Revenue | $1,295,838 | $615,959 | $681,400 |
| Expenses | $1,010,143 | $936,534 | $1,015,419 |
| Qualifying Distributions | $950,000 | $875,000 | $925,000 |
| Net Investment Income | $1,235,695 | $554,425 | $617,330 |
| Distributable Amount | $924,104 | $876,353 | $947,004 |
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
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CATHERINE UNDERWOOD MURRAY | PRESIDENT | — | — |
| LYNDA K UNDERWOOD | VP/SECR/DIR | — | — |
| M PATRIC MASCORRO | ASST SECR/TREAS | — | — |
| DAVID M UNDERWOOD JR | DIRECTOR | — | — |
| DUNCAN K UNDERWOOD | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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