The Foundation supports the USIT student organization and engages its alumni to promote personal and professional growth through active charitable giving.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$145K
+22.1% YoY
Annual Giving
$91K
Grant Count
5
Avg Grant Size
$18K
About USIT Foundation
Based on IRS filings
USIT Foundation is a nonprofit organization focused on Education, based in HOUSTON, TX. IRS filing data is available from 2022 through 2023. As of 2023, the organization holds $145K in total assets. In 2023, it awarded 5 grants totaling $91K. Net investment income was $622.
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 | 2023 | 2022 |
|---|---|---|
| Total Assets | $145,223 | $118,942 |
| Revenue | $171,909 | $75,988 |
| Expenses | $150,432 | $54,412 |
| Qualifying Distributions | — | — |
| Net Investment Income | $622 | — |
| Distributable Amount | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2023
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HARVEY D POWERS | Trustee | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Forsyth Fbo Leonard Wood Memorial
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Harold D Miller Endowment Fund
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Total Given
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Amarillo Business Foundation
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Assets
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Total Given
$222K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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