University of the Southwest Foundation
To support the mission and operations of university of the southwest, a christ-centered educational community dedicated to developing men and women for a lifetime of servant leadership by emphasizing faith, responsibility and initiative.
Key facts about University of the Southwest Foundation
In short: University of the Southwest Foundation gave $627K across 1 grant in 2025 (avg $627K), mostly in New Mexico. Source: 2025 IRS Form 990.
- EIN
- 23-7424724
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $627,262
- Grants made (2025)
- 1
- Average grant
- $627,262
- Median grant
- $627,262
- Total assets
- $22,459,892
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$22.5M
+10.0% YoY
Annual Giving
$627K
+19.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$627K
+19.9% YoY
How University of the Southwest Foundation gives
- Giving grew 79% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
About University of the Southwest Foundation
Based on IRS filings
University of the Southwest Foundation is a public charity, based in Hobbs, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $22.5M in total assets. In 2025, it awarded 1 grant totaling $627K. Net investment income was $524K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $270K (2020) to $627K (2025). In 2025 it made 1 grant totaling $627K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of the Southwest ($627K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of the Southwest Hobbs, NM | Operations Support and University Scholarships | $627,262 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $22,459,892 | $20,411,212 | $15,871,164 |
| Revenue | $1,264,678 | $3,066,523 | $1,911,382 |
| Expenses | $632,812 | $523,361 | $367,325 |
| Net Investment Income | $523,555 | $1,003,404 | $416,446 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS April 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS April 13, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 9, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS December 3, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
University of the Southwest Foundation is led by Ryan Tipton, CEO since 2024 (on filings since 2023); none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Ryan Tipton
CEO
Interim President → CEO, 2024
On filings since 2023
1 hr/week
No compensation reported
Michael Pearson
Chair
Board Member → Secretary, 2021
Secretary → Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Larry Gandy
Vice Chair
Board Member → Vice Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Lisa Hardison
Board Member
On filings since 2020
1 hr/week
No compensation reported
R. Finn Smith
Board Member
Vice Chair → Vice Chair & Board Member, 2022
Vice Chair & Board Member → Board Member, 2023
On filings since 2020
1 hr/week
No compensation reported
Samuel S. Spencer Jr.
Board Member
Board Member → Chair, 2021
Chair → Board Member, 2024
On filings since 2020
1 hr/week
No compensation reported
Summer North Wright
Secretary
Board Member → Vice Chair, 2022
Vice Chair → Secretary, 2024
On filings since 2021
1 hr/week
No compensation reported
Paula Smith
Treasurer
Treasurer → Executive Vice President & CFO, 2023
Executive Vice President & CFO → Treasurer, 2024
On filings since 2022
1 hr/week
No compensation reported
Lee Roberson
Board Member
On filings since 2023
1 hr/week
No compensation reported
Randy Hobbs
Board Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (6)
- Former: Larry Scott (2020–2023) — Board Member
- Former: Quint Thurman (2021–2023) — President
- Former: Steve Rachel (2020–2022) — Treasurer
- Former: Brandon Arnold (2021–2022) — Board Member
- Former: Quint Thurman Ex-Officio (2020) — President
- Former: Summer North (2020) — Board Member
Data from IRS Form 990 filings, 2020–2025. "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 University of the Southwest Foundation
How much does University of the Southwest Foundation give each year?
University of the Southwest Foundation gave $627K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $523K across 1 grant.
How large is University of the Southwest Foundation?
University of the Southwest Foundation reported $22.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.3M.
Where does University of the Southwest Foundation operate?
University of the Southwest Foundation has awarded grants in New Mexico.
What is University of the Southwest Foundation's EIN?
University of the Southwest Foundation's EIN (Employer Identification Number) is 23-7424724. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching University of the Southwest Foundation by hand.
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