Usg Foundation Inc
USG Foundation Inc is a corporate foundation based in Chicago, Illinois, incorporated in 1978. The foundation is a 501(c)(3) organization with tax-exempt status since October 1978. Also known as the United States Gypsum Foundation, it operates as a company-sponsored foundation supporting a diverse range of charitable causes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+13.1% YoY
Annual Giving
$864K
+6.0% YoY
Grant Count
286
+15.3% YoY
Avg Grant Size
$3K
-8.1% YoY
Under IRS private-foundation payout rules, Usg Foundation Inc reported a distributable amount of $73K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports organizations involved with:
- Arts and culture
- Performing arts
- Higher education and general education
- Health services, including in-patient medical care and hospital care
- Human services, including family services and child welfare
- Community development and civic affairs
- Public affairs
- Philanthropy and nonprofit support
The foundation's grantmaking encompasses various civic activities, health and welfare activities, and education activities.
Grantmaking
The foundation is open to new applicants.
Grant Range
$20 to $91,940
Average Grant
varies by program area, ranging from $365 to $3,911
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Geographic Focus
Where this funder awards grants
The foundation funds projects across numerous cities and states throughout the United States, including major cities such as Chicago, New York, and San Francisco. Geographic service areas include Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $1.4 million
- Total Revenue: $1,000,000
- Total Expenses: $824,329
- Total Liabilities: $46,800
As of 2024:
- Total Assets: $1,583,533
- Total Revenue: $1,000,000
- Total Expenses: $873,675
- Total Giving: $863,883
- Giving Rate: 57.9%
Number of Employees: 0 (all leadership is volunteer)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,583,533 | $1,400,198 | $1,196,278 |
| Revenue | $1,000,000 | $1,000,000 | $2,000,000 |
| Expenses | $873,675 | $824,329 | $888,186 |
| Qualifying Distributions | $863,883 | $814,729 | $873,717 |
| Net Investment Income | — | — | — |
| Distributable Amount | $73,474 | $63,938 | $31,481 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Habitat for Humanity International Inc ($50,000), Lumity ($25,000), Mercy Housing Lakefront ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Advocate Lutheran General Hospital Park Ridge, IL | Health & Human Services | $2,500 |
| Advocates for Children Cartersville, GA | Community & Civic | $5,000 |
| American Cancer SocietyRoads to Recovery El Centro, CA | Health & Human Services | $5,000 |
| American Heart Association Chicago, IL | Health & Human Services | $5,000 |
| American Legion 54 Red Wing, MN | Community & Civic | $5,000 |
| Baltimore Community Foundation Inc Baltimore, MD | Health & Human Services | $5,000 |
| Big Brothers Big Sisters of Me Chicago, IL | Community & Civic | $10,000 |
| Bold City Youth Sports Conference Jacksonville, FL | Community & Civic | $5,000 |
| Boys & Girls Clubs of Washington County Greenville, MS | Community & Civic | $2,500 |
| Brooke Hancock Family Resource Newwork Inc Weirton, WV | Community & Civic | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation's leadership operates on a volunteer basis without compensation:
- Diane Earll – President Director (2 hours/week)
- Michele Green – Director (1 hour/week)
- Christopher Griffin – Director (1 hour/week)
- Jennifer Adams – Secretary (1 hour/week)
- Scott Schafer – Director (1 hour/week)
- Derrick Hutchinson – Director (1 hour/week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Diane Earll | President Director | 2 | — |
| Michele Green | Director | 1 | — |
| Christopher Griffin | Director | 1 | — |
| Jennifer Adams | Secretary | 1 | — |
| Scott Schafer | Director | 1 | — |
| Derrick Hutchinson | Director | 1 | — |
Recent News & Activity
Recent developments and announcements
In August 2025, the USG Foundation (University System of Georgia Foundation) raised $4.5 million and launched the DREAMS Scholarship for Georgia, a need-based scholarship program designed to expand access to higher education. The foundation also honored Don Waters during this fundraising initiative.
USG Foundation Raises $4.5M, Honors Don Waters & Launches the DREAMS ScholarshipFrequently Asked Questions
What does Usg Foundation Inc fund?
The foundation supports organizations involved with: • Arts and culture • Performing arts • Higher education and general education • Health services, including in-patient medical care and hospital care • Human services, including family services and child welfare • Community development and civic affairs • Public affairs • Philanthropy and nonprofit support The foundation's grantmaking encompasses various civic activities, health and welfare activities, and education activities.
How do I apply for a grant from Usg Foundation Inc?
**Grant Activity:** • Made 192 grants in 2023 • Total giving in 2024: $863,883 • Grant range: $20 to $91,940 • Median grant amount: $5,000 • Average grant size varies by program area, ranging from $365 to $3,911 **Recent Grant Examples (2023):** • National Merit Scholarship Corporation: $67,730 (Education) • Make-A-Wish Illinois: $30,000 (Community Services) • Easter Seals DuPage and the Fox Valley Region: $25,000 (Health and Human Services) • Habitat For Humanity International (among 177 addit…
Where does Usg Foundation Inc make grants?
The foundation funds projects across numerous cities and states throughout the United States, including major cities such as Chicago, New York, and San Francisco. Geographic service areas include Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, O…
What size grants does Usg Foundation Inc award?
In 2024, Usg Foundation Inc awarded 286 grants totaling $864K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Usg Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Usg Foundation Inc reported a distributable amount of $73K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Usg Foundation Inc's EIN?
Usg Foundation Inc's EIN (Employer Identification Number) is 36-2984045. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Usg Foundation Inc's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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