The USAA Foundation Inc
The USAA Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Antonio, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $130.2M in total assets. In 2024, it awarded 1 grant totaling $8.1M. Net investment income was $7.4M.
Key facts about The USAA Foundation Inc
- EIN
- 20-2303140
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $8,100,000
- Grants made (2024)
- 1
- Average grant
- $8,100,000
- Median grant
- $8,100,000
- Total assets
- $130,247,273
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How The USAA Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+17%). Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The USAA Foundation Inc
- How to evaluate The USAA Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$130.2M
+12.3% YoY
Annual Giving
$8.1M
+1.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$8.1M
+1.3% YoY
Under IRS private-foundation payout rules, The USAA Foundation Inc reported a distributable amount of $7.5M for 2024 — the minimum it must pay out in qualifying distributions.
About The USAA Foundation Inc
Based on IRS filings
The USAA Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Antonio, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $130.2M in total assets. In 2024, it awarded 1 grant totaling $8.1M. Net investment income was $7.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $130,247,273 | $115,999,913 | $115,688,982 |
| Revenue | $22,557,097 | $8,456,521 | $20,103,005 |
| Expenses | $8,309,737 | $8,145,590 | $7,567,956 |
| Qualifying Distributions | $8,100,000 | $7,995,083 | $7,391,705 |
| Net Investment Income | $7,449,360 | $8,417,014 | $7,758,095 |
| Distributable Amount | $7,541,679 | $6,929,668 | $6,862,699 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Various Organizations ($8,100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| VARIOUS ORGANIZATIONS Various, TX | SEE CHARITY ATTACHMENT | $8,100,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2023 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ameesh Vakharia | Chair | 0.25 | — |
| Brad Weber | Treasurer | 0.25 | — |
| David Cummings | Director | 0.25 | — |
| Dana a Simmons | Director | 0.25 | — |
| Mary Stork | Director | 0.25 | — |
| Lindsey O'Neill | Director/PRESIDENT | 0.25 | — |
| Justin D Schmitt | Assistant Vice President | 6 | — |
| Doug Monska | Tax Officer | 0.25 | — |
| Melinda Blundell | Secretary End: 03/2023 | 0.25 | — |
| Celie Niehaus | Director | 0.25 | — |
| Suzanne Friday | Secretary Start: 03/2023 | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The USAA Foundation Inc?
The USAA Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in San Antonio, TX. It holds $130.2M in total assets as of 2024.
How large is The USAA Foundation Inc?
As of 2024, The USAA Foundation Inc holds $130.2M in total assets with $22.6M in annual revenue. It awarded 1 grant totaling $8.1M in 2024.
Where does The USAA Foundation Inc operate?
The USAA Foundation Inc has awarded grants in Texas.
What size grants does The USAA Foundation Inc award?
In 2024, The USAA Foundation Inc awarded 1 grant totaling $8.1M — an average of about $8.1M per grant, based on its IRS Form 990 filings.
How much is The USAA Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The USAA Foundation Inc reported a distributable amount of $7.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The USAA Foundation Inc's EIN?
The USAA Foundation Inc's EIN (Employer Identification Number) is 20-2303140. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.