USD Foundation
USD Foundation is a private foundation, based in Houston, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $7K in total assets. In 2025, it awarded 1 grant totaling $55K.
USD Foundation at a glance
In short: USD Foundation gave $55K across 1 grant in 2025 (avg $55K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $55,000
- -21.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $55,000
- -21.4% vs 2024
- Median grant
- $55,000
- Total assets
- $6,955
- +596.9% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who USD Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Boys & Girls Club of America ($55K).
Grant Size Distribution
47 grants across all recorded years
The most common grant size was under $50K: 43 grants of 47 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How USD Foundation gives
- Giving fell 69% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2019 to 2025, annual grant giving ranged from $48K (2020) to $179K (2022). In 2025 it made 1 grant totaling $55K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of America Richardson, TX | Charitable | $55,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $6,955 | $65,000 | $60,918 | $55,000 | 1 | $56,543 | — | $314 |
| 2024 | $998 | $70,000 | $76,177 | $70,000 | 1 | $75,827 | — | $241 |
| 2023 | $6,826 | $200,003 | $179,274 | $172,735 | 9 | $179,099 | $3 | $732 |
| 2022 | $8,739 | $160,003 | $188,846 | $179,411 | 22 | $188,846 | $3 | $3,626 |
| 2021 | $34,333 | $70,003 | $76,279 | $65,270 | 14 | — | $3 | $1,647 |
| 2020 | $10,777 | $113,341 | $49,842 | $47,927 | 13 | — | — | $59,121 |
| 2019 | $26,432 | $50,078 | $375,388 | $134,609 | 27 | — | — | $2,279 |
Under IRS private-foundation payout rules, USD Foundation reported a distributable amount of $314 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
USD Foundation is led by Dan Borgen, President on every filing since 2019; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dan Borgen
President
On filings since 2019
1 hr/week
No compensation reported
Clyde Crutchmer
Director
On filings since 2019
1 hr/week
No compensation reported
Dale Norris
Director
On filings since 2019
1 hr/week
No compensation reported
Mark Cole
Secretary
On filings since 2019
1 hr/week
No compensation reported
Michael R. Curry
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Former officers (2)
- Former: Adam Altsuler (2022–2024) — Director
- Former: Chris Robbins (2019) — Assistant Treasurer
Data from IRS Form 990 filings, 2019–2025. "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 USD Foundation
How much does USD Foundation give each year?
USD Foundation gave $55K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $70K across 1 grant.
How large is USD Foundation?
USD Foundation reported $7K in total assets on its 2025 IRS Form 990-PF. It paid out $57K in qualifying distributions that year, against a required minimum of $314 (roughly 5% of its investment assets).
Where does USD Foundation operate?
USD Foundation has awarded grants in California, Colorado, Georgia, Indiana, Kansas, New York, Ohio, Oklahoma, Pennsylvania, South Carolina, Texas, Wisconsin.
What is USD Foundation's EIN?
USD Foundation's EIN (Employer Identification Number) is 27-1561110. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 12, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 29, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in USD Foundation's focus areas in our free grants database
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