The USAA Foundation Inc
The USAA Foundation Inc is a private foundation, 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.
The USAA Foundation Inc at a glance
In short: The USAA Foundation Inc gave $8.1M across 1 grant in 2024 (avg $8.1M), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $8,100,000
- +1.3% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $8,100,000
- +1.3% vs 2023
- Median grant
- $8,100,000
- Total assets
- $130,247,273
- +12.3% 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 October 2026.
Who The USAA Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6.9M (2021) to $15.1M (2020). In 2024 it made 1 grant totaling $8.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various Organizations Various, TX | See Charity Attachment | $8,100,000 |
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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 | $130,247,273 | $22,557,097 | $8,309,737 | $8,100,000 | 1 | $8,100,000 | $7,449,360 | $7,541,679 |
| 2023 | $115,999,913 | $8,456,521 | $8,145,590 | $7,995,083 | 1 | $7,995,083 | $8,417,014 | $6,929,668 |
| 2022 | $115,688,982 | $20,103,005 | $7,567,956 | $7,366,263 | 1 | $7,391,705 | $7,758,095 | $6,862,699 |
| 2021 | $103,153,933 | $8,778,044 | $7,034,817 | $6,900,000 | 1 | $6,923,558 | $8,772,785 | $7,488,861 |
| 2020 | $101,410,706 | $6,715,196 | $15,220,061 | $15,131,425 | 1 | — | $6,714,597 | $6,707,296 |
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.
Leadership & Key People
Officers and directors from IRS filings
The USAA Foundation Inc is led by Justin D Schmitt, President since 2024 (on filings since 2020); none of the 13 officers listed in 2024 report compensation.
Officers on the 2024 filing
Justin D Schmitt
President
Assistant Vice President → President, 2024
On filings since 2020
6 hrs/week
No compensation reported
Ameesh Vakharia
Chair
On filings since 2021
0.3 hrs/week
No compensation reported
Dana A Simmons
Director
On filings since 2020
0.3 hrs/week
No compensation reported
David Cummings
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Mary Stork
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Celie Niehaus
Director
On filings since 2023
0.3 hrs/week
No compensation reported
Dan Goldenberg
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Michael Linnington
Director
New on the 2024 filing
0.3 hrs/week
No compensation reported
Brad Weber
Treasurer
Director → Treasurer, 2022
On filings since 2021
0.3 hrs/week
No compensation reported
Lindsey ONeill
Vice Chair
Director → Director & President, 2022
Director & President → Vice Chair, 2024
On filings since 2021
0.3 hrs/week
No compensation reported
Suzanne Friday
Secretary
Secretary Start: → Secretary, 2024
On filings since 2023
0.3 hrs/week
No compensation reported
Duke Nave
Finance Officer
New on the 2024 filing
0.3 hrs/week
No compensation reported
Renee Joseph
Risk Officer
New on the 2024 filing
0.3 hrs/week
No compensation reported
Former officers (9)
- Former: Doug Monska (2020–2023) — Tax Officer
- Former: Melinda Blundell (2022–2023) — Secretary
- Former: Yvonne Aponte (2020–2022) — Secretary
- Former: Harriet E. Dominique (2020–2021) — President
- Former: Jeffrey Wallace (2020–2021) — Former Director
- Former: Jim Syring (2020–2021) — Former Director
- Former: Kasey Kimball (2020–2021) — Former Assistant Secretary
- Former: Robert Johnson Jr. (2020–2021) — Former Director & Interim Chair
- Former: Tony Wells (2020–2021) — Former Chair
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 USAA Foundation Inc
How much does The USAA Foundation Inc give each year?
The USAA Foundation Inc gave $8.1M across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $8.0M across 1 grant.
How large is The USAA Foundation Inc?
The USAA Foundation Inc reported $130.2M in total assets on its 2024 IRS Form 990-PF. It paid out $8.1M in qualifying distributions that year, against a required minimum of $7.5M (roughly 5% of its investment assets).
Where does The USAA Foundation Inc operate?
The USAA Foundation Inc has awarded grants in Texas.
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.
Data last updated October 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 USAA Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in The USAA Foundation Inc's focus areas in our free grants database
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The USAA Foundation Inc down — hundreds of funders to go?