Underwood Family Foundation

Organization Overview

Underwood Family Foundation is located in Ames, IA. The organization was established in 2005. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Underwood Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Underwood Family Foundation generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $617.7k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Underwood Family Foundation has awarded 350 individual grants totaling $3,717,214. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Board, Officers & Key Employees

Name (title)Compensation
Roger Underwood
Director
$0
Connie Underwood
Director
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $10,167
Interest on Savings $6,501
Dividends & Interest $484,538
Net Rental Income$0
Net Gain on Sale of Assets $853,406
Capital Gain Net Income $853,406
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $1,354,612

Grants Awarded

Over the last fiscal year, Underwood Family Foundation has awarded $586,732 in support to 53 organizations.

Grant RecipientAmount

NATIONAL PHILANTHROPIC TRUST

Org PageRecipient Profile

Jenkintown, PA

PURPOSE: OPERATIONAL

$179,000

IOWA STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Ames, IA

PURPOSE: OPERATIONAL

$71,500

ASCENTION LUTHERN CHURCH

PURPOSE: OPERATIONAL

$50,883

MID-IOWA COUNCIL BOY SCOUTS OF AME

PURPOSE: OPERATIONAL

$33,530

LUVAGA FOUNDATION

PURPOSE: OPERATIONAL

$30,000

GARNER FIRE FIGHTERS ASSOCIATION

Org PageRecipient Profile

Garner, IA

PURPOSE: OPERATIONAL

$20,250
View Grant Profile

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