Usd Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $998 in total assets. In 2024, it awarded 1 grants totaling $70K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$998
-85.4% YoY
Annual Giving
$70K
-59.5% YoY
Grant Count
1
-88.9% YoY
Avg Grant Size
$70K
+264.7% YoY
Under IRS private-foundation payout rules, Usd Foundation reported a distributable amount of $241 for 2024 — the minimum it must pay out in qualifying distributions.
About Usd Foundation
Based on IRS filings
Usd Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $998 in total assets. In 2024, it awarded 1 grants totaling $70K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $998 | $6,826 | $8,739 |
| Revenue | $70,000 | $200,003 | $160,003 |
| Expenses | $76,177 | $179,274 | $188,846 |
| Qualifying Distributions | $75,827 | $179,099 | $188,846 |
| Net Investment Income | — | $3 | $3 |
| Distributable Amount | $241 | $732 | $3,626 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boys & Girls Club of America ($70,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUB OF AMERICA RICHARDSON, TX | CHARITABLE | $70,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ADAM ALTSULER | DIRECTOR | 1 | — |
| CLYDE CRUTCHMER | DIRECTOR | 1 | — |
| DALE NORRIS | DIRECTOR | 1 | — |
| DAN BORGEN | PRESIDENT | 1 | — |
| MARK COLE | SECRETARY | 1 | — |
| MICHAEL R CURRY | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Usd Foundation?
Usd Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $998 in total assets as of 2024.
How large is Usd Foundation?
As of 2024, Usd Foundation holds $998 in total assets with $70K in annual revenue. It awarded 1 grants totaling $70K in 2024.
Where does Usd Foundation operate?
Usd Foundation has awarded grants in California, Georgia, Indiana, Kansas, New York, Oklahoma, Pennsylvania, South Carolina, Texas.
What size grants does Usd Foundation award?
In 2024, Usd Foundation awarded 1 grants totaling $70K — an average of about $70K per grant, based on its IRS Form 990 filings.
How much is Usd Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Usd Foundation reported a distributable amount of $241 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Usd Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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