Underwood Family Foundation Inc
Underwood Family Foundation Inc is a private foundation, based in Mequon, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 2 grants totaling $3K. Net investment income was $994K.
Underwood Family Foundation Inc at a glance
In short: Underwood Family Foundation Inc gave $3K across 2 grants in 2024 (avg $1K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,790
- +458.0% vs 2023
- Grants made (2024)
- 2
- +100.0% vs 2023
- Average grant
- $1,395
- +179.0% vs 2023
- Median grant
- $1,395
- Total assets
- $2,615,165
- +186.6% vs 2023
- Primary geography
- Wisconsin (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 Underwood Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Jason Tina Prigge Fund ($2K). Together the top 2 received $3K.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Underwood Family Foundation Inc gives
- Giving fell 98% from 2021 to 2024. Method
- In 2024 it paid out 36% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2024, annual grant giving ranged from $500 (2023) to $175K (2021). In 2024 it made 2 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Jason Tina Prigge Fund Manitowoc, WI | Medical Help | $2,290 |
| Manitowoc Symphony Orchestra Manitowoc, WI | Program Support | $500 |
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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 | $2,615,165 | $2,724,216 | $8,484 | $2,790 | 2 | $4,155 | $994,191 | $11,570 |
| 2023 | $912,539 | $27,221 | $2,327 | $500 | 1 | $525 | $62 | $2,770 |
| 2022 | $887,645 | $330,589 | $5,824 | $5,000 | 1 | $5,000 | $97 | $10,205 |
| 2021 | $562,880 | $56 | $189,390 | $175,000 | 1 | $175,000 | $56 | $32,670 |
| 2020 | $752,214 | $496,151 | — | — | — | — | $496,151 | — |
Under IRS private-foundation payout rules, Underwood Family Foundation Inc reported a distributable amount of $12K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Underwood Family Foundation Inc's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Gary Underwood
Director
On filings since 2020
No compensation reported
Kayce Deshotels
Director
On filings since 2020
No compensation reported
Linda Underwood
Director
On filings since 2020
No compensation reported
Former officers (1)
- Former: B. Gail Underwood (2022) — Director
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 Underwood Family Foundation Inc
How much does Underwood Family Foundation Inc give each year?
Underwood Family Foundation Inc gave $3K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $500 across 1 grant.
How large is Underwood Family Foundation Inc?
Underwood Family Foundation Inc reported $2.6M in total assets on its 2024 IRS Form 990-PF. It paid out $4K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Underwood Family Foundation Inc operate?
Underwood Family Foundation Inc has awarded grants in Wisconsin.
What is Underwood Family Foundation Inc's EIN?
Underwood Family Foundation Inc's EIN (Employer Identification Number) is 85-4252313. 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
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