Updraft Foundation
Updraft Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fountain Hills, AZ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $161K in total assets. In 2024, it awarded 2 grants totaling $13K. Net investment income was $8K.
Key facts about Updraft Foundation
- EIN
- 87-4143249
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $13,058
- Grants made (2024)
- 2
- Average grant
- $6,529
- Median grant
- $6,529
- Total assets
- $161,027
- Primary geography
- Illinois (54% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Updraft Foundation gives
- Giving grew 1206% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Updraft Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$161K
-4.4% YoY
Annual Giving
$13K
-41.3% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$7K
-41.3% YoY
About Updraft Foundation
Based on IRS filings
Updraft Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fountain Hills, AZ. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $161K in total assets. In 2024, it awarded 2 grants totaling $13K. Net investment income was $8K.
Focus Areas
Ready to take the next step with Updraft Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $161,027 | $168,389 | $190,062 |
| Revenue | $7,623 | $1,482 | — |
| Expenses | $14,985 | $23,155 | $4,898 |
| Qualifying Distributions | $14,985 | $23,155 | $4,898 |
| Net Investment Income | $7,623 | $1,482 | — |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Co David R Gonzalez Special Needs T ($7,058), Scott Shaum ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CO DAVID R GONZALEZ SPECIAL NEEDS T Pingree Grove, IL | Medical and therapy expenses | $7,058 |
| SCOTT SHAUM Woodland Park, CO | Medical expenses | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Keith W Bubb | President | — | — |
| Ashley E Bubb | Secretary | — | — |
| Toni R Bubb | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Updraft Foundation?
Updraft Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Fountain Hills, AZ. It holds $161K in total assets as of 2024.
How large is Updraft Foundation?
As of 2024, Updraft Foundation holds $161K in total assets with $8K in annual revenue. It awarded 2 grants totaling $13K in 2024.
Where does Updraft Foundation operate?
Updraft Foundation has awarded grants in Arizona, Colorado, Illinois.
What size grants does Updraft Foundation award?
In 2024, Updraft Foundation awarded 2 grants totaling $13K — an average of about $7K per grant, based on its IRS Form 990 filings.
What is Updraft Foundation's EIN?
Updraft Foundation's EIN (Employer Identification Number) is 87-4143249. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.