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
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
No grants recorded for .
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 ScholarshipRelated Funders
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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