The Tua Clayton&Odessa L Ofstad Foundation is a private foundation established in 2020, based in Dallas, Texas. The foundation is supported by Odessa L Ofstad and operates with a single employee. As a 501(c)(3) organization, it functions as a grantmaking foundation focused on supporting charitable causes across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$44.0M
-3.3% YoY
Annual Giving
$2.4M
+0.1% YoY
Grant Count
24
+9.1% YoY
Avg Grant Size
$99K
-8.2% YoY
Mission & Focus Areas
The foundation has not publicly provided a formal mission statement. However, based on recent grantmaking activity, the foundation supports causes in the following areas:
- Education — including support for public school foundations
- Food Security & Human Services — including food banks and hunger relief organizations
- Philanthropy & Grantmaking — supporting charitable infrastructure
Grantmaking
The foundation made 14 grants in 2023, with a median grant size in the range of typical awards noted above.
Grant Range
& Frequency:**
Ready to take the next step with Tua Clayton&odessa L Ofstad Fdn?
Geographic Focus
Where this funder awards grants
The foundation's grantmaking priorities are primarily concentrated in:
- Missouri
- South Dakota
- District of Columbia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $45,491,565
- Total Revenues: $1,185,533
- Total Expenses: $2,840,448
- Investment Income & Dividends: $994,259
- Net Gain from Sale of Non-Inventory Assets: $14,043
- Miscellaneous Revenues: $177,231
As of December 31, 2022:
- Total Assets: $43,997,141
- Total Revenues: $1,559,934
- Total Grants, Contributions: $1,008,556
- Investment Income & Dividends: $836,336
The foundation's revenue structure is primarily driven by investment income, with a significant decline in grant contributions from 2022 to 2023 (from $1,008,556 to $0).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,997,141 | $45,491,565 | $47,145,377 |
| Revenue | $1,468,905 | $1,185,533 | $1,558,934 |
| Expenses | $2,910,686 | $2,840,448 | $2,221,830 |
| Qualifying Distributions | $2,645,504 | $2,611,729 | $1,748,927 |
| Net Investment Income | $1,167,016 | $743,271 | $618,469 |
| Distributable Amount | $2,817,595 | $2,496,505 | $2,467,946 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
77 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 |
|---|---|---|---|
| ODESSA OFSTAD | CO-TRUSTEE | 2 | — |
| BANK OF AMERICA N A | TRUSTEE | 1 | $314,279 |
Recent Activity
Recent developments and announcements
In 2023, the foundation distributed grants totaling approximately $2.8 million across 14 grantees, with notable support directed toward food security organizations and educational institutions, particularly in the Midwest and South Dakota regions.
USD and Vermillion Schools Awarded $75,000 Grant to Support Native StudentsSubject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Harold D Miller Endowment Fund
DALLAS, TX
Assets
$890K
Grants
1
Total Given
$44K
Amarillo Business Foundation
AMARILLO, TX
Assets
$4.2M
Grants
13
Total Given
$222K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Tua Clayton&odessa L Ofstad Fdn on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities