The Underwood Foundation
The Underwood Foundation is a private foundation, 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 grant totaling $950K. Net investment income was $1.2M.
The Underwood Foundation at a glance
In short: The Underwood Foundation gave $950K across 1 grant in 2024 (avg $950K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $950,000
- +8.6% vs 2023
- Grants made (2024)
- 1
- -75.0% vs 2023
- Average grant
- $950,000
- +334.3% vs 2023
- Median grant
- $950,000
- Total assets
- $17,038,313
- +1.7% vs 2023
- Primary geography
- Texas (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 Underwood Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Episcopal High School ($950K).
Grant Size Distribution
8 grants across all recorded years
The most common grant size was in the $500K–1M range: 3 grants of 8 (38%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How The Underwood Foundation gives
- In 2024 it paid out 103% 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 2022 to 2024, annual grant giving ranged from $875K (2023) to $950K (2024). In 2024 it made 1 grant totaling $950K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Episcopal High School Bellaire, TX | Scholarship | $950,000 |
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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $17,038,313 | $1,295,838 | $1,010,143 | $950,000 | 1 | $950,000 | $1,235,695 | $924,104 |
| 2023 | $16,754,572 | $615,959 | $936,534 | $875,000 | 4 | $875,000 | $554,425 | $876,353 |
| 2022 | $17,084,964 | $681,400 | $1,015,419 | $925,000 | 3 | $925,000 | $617,330 | $947,004 |
| 2021 | $17,421,706 | $1,365,717 | $67,945 | — | — | — | $1,300,472 | $987,464 |
| 2020 | $16,129,518 | $429,505 | $78,834 | — | — | — | $360,880 | $901,172 |
Under IRS private-foundation payout rules, The Underwood Foundation reported a distributable amount of $924K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Underwood Foundation is led by Catherine Underwood Murray, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Catherine Underwood Murray
President
On filings since 2020
No compensation reported
David M. Underwood Jr.
Director
On filings since 2020
No compensation reported
Duncan K. Underwood
Director
On filings since 2020
No compensation reported
Lynda K. Underwood
Vice President, Secretary & Director
On filings since 2020
No compensation reported
M. Patric Mascorro
Assistant Secretary & Treasurer
On filings since 2020
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 Underwood Foundation
How much does The Underwood Foundation give each year?
The Underwood Foundation gave $950K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $875K across 4 grants.
How large is The Underwood Foundation?
The Underwood Foundation reported $17.0M in total assets on its 2024 IRS Form 990-PF. It paid out $950K in qualifying distributions that year, against a required minimum of $924K (roughly 5% of its investment assets).
Where does The Underwood Foundation operate?
The Underwood Foundation has awarded grants in Texas.
What is The Underwood Foundation's EIN?
The Underwood Foundation's EIN (Employer Identification Number) is 76-0528032. 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
Live grants for the work The Underwood Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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
Ramseur Family Charitable
San Antonio, TX
Assets
$22K
Grants
1
Total Given
$500
Para Resources Foundation Inc
Burlington, VT
Assets
—
Grants
7
Total Given
$671K
The Leon Jaworski Foundation
Houston, TX
Assets
$1.4M
Grants
8
Total Given
$165K
City on a Hill Foundation
Ft Wayne, IN
The foundation’s 2025 grants supported civic purposes, including church and community initiatives, with awards ranging from $500 to $35,000 and a median of $9,264. Most funding went to Indiana, with additional grants in Idaho, Connecticut, Texas, Illinois, and elsewhere. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$761K
Grants
10
Total Given
$132K
Clayton Brown Family Foundation
Wheaton, IL
The Clayton Brown Family Foundation supports Christian schools, ministries, and youth-serving organizations, with 2025 grants ranging from $15,000 to $200,000 and a median award of $100,000. Its giving is concentrated in Illinois, with grants also going to Florida, Colorado, Texas, and North Carolina. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$71.1M
Grants
18
Total Given
$1.7M
The Patricia H Snyder Family Foundation
Evansville, IN
The Patricia H Snyder Family Foundation supports schools, youth programs, faith-based organizations, human services, and the arts, primarily in Indiana, with smaller amounts going to organizations in other states. Its 2025 grants ranged from $2,500 to $350,000, with a median of $10,000. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
$6.3M
Grants
19
Total Given
$720K
More similar funders
More Funders in Texas
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?